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Collateral Placement Officer Salary
in Alabama, United States

$95,684 (USD)

Average Salary

$46/hr

Average Hourly

$6,937

Average Bonus

Last updated: March 21, 2019

Salary Recap

The average pay for a Collateral Placement Officer is $95,684 a year and $46 an hour in Alabama, United States. The average salary range for a Collateral Placement Officer is between $67,166 and $118,757. This compensation analysis is based on salary survey data collected directly from employers and anonymous employees in Alabama, United States.

Average Salary Chart

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Job Summary

Description:
  • Directs purchase, sale, and redemption of bonds and securities, and placement of collateral funds in safekeeping accounts of correspondent or reserve banks to maintain institution reserve position mandated by regulatory bodies: arranges deposit agreements with correspondent banks or designated reserve bank, and directs placement of funds to fulfill agreements.
  • Reviews financial statements to determine reserve needed, and adjusts reserve to obtain specified ratio of reserves to liabilities.
  • Directs purchase and sale of government bonds and other securities, redemption of bonds, and disbursement of funds to branch offices, correspondent banks, and reserve banks to ensure that funds are kept at level specified by reserve regulations and deposit agreements.
  • Prepares reports on reserve position for management.
Collateral Placement Officer Job Prevalence in Alabama, United States

Job family: Financial Managers

Job family population: 569,380

Estimated population of Collateral Placement Officer jobs: 4,527

Rate of error: 0.6%

Salary Potential

Estimated salary in 2024:
$110,925
5 Year Change:
16 %

Education

Education data not available for this job

Skills

Skills data not available for this job

Collateral Placement Officer Job Listings for Alabama, United States

No listings found
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