Director, Special Assets
About The Position
Capital One is seeking a Director level workout officer to provide leadership and loan workout expertise to a portfolio of distressed loans in Middle Market Banking including various sectors such as Food and Beverage, Healthcare, TMT, Industrials, Services and Government Contracting. The portfolio consists of a high concentration of leveraged loans and private equity backed borrowers. The candidate will independently manage a portfolio of criticized & distressed commercial loans with risk management and loss mitigation as primary objectives. S/he will determine strategies to maximize recoveries, evaluate customer relationships to determine a divestiture or retention plan, and clearly present updates on deal strategy and progress on resolution to the business senior leadership team.
Requirements
- Bachelor’s degree or military experience
- At least 7 years of relevant commercial loan experience, credit, asset management or workout
- At least 5 years of loan underwriting experience or 5 years of experience in loan restructuring
Nice To Haves
- Master's degree or Juris Doctorate degree
- At least 10 years of experience in commercial lending with direct experience in loan restructuring
Responsibilities
- Perform the duties of a loan officer and be responsible for the restructuring/loss mitigation of criticized and classified loans.
- Be capable of applying credit officer, asset management and risk management disciplines.
- Be proficient in commercial loan financial analysis and structuring, as well as valuation methodologies.
- Lead legal documentation, loan covenants, rights and remedies in the event of default, receivership and bankruptcy scenarios, and restructuring strategies for Commercial loans.
- Use expertise in Special Assets to ensure Capital One is leveraging the best practices of its peers and proactively evolving the policies and programs employed by the Bank.
- Be capable of working closely with and influencing senior business and risk management leaders within the Commercial Bank when creating, revising or implementing Special Assets workout strategies.
- Be comfortable leading their own portfolio of distressed loans autonomously.
- Lead aggressive and comprehensive workout strategy to ensure optimal loss protection to the Bank in terms of both time and money, while maintaining compliance with regulatory requirements.
- Negotiate and contract with various professionals such as attorneys, appraisers, brokers, etc. to provide services to ensure best cost/benefit return to the Bank.
- Evaluate all financial information, collateral, legal documentation and other available information to project probable and maximum loss exposure to the Bank.
- Lead processes improvements and implement best in class solutions, raising quality and productivity in a calculated way.
- Lead criticized and watch list internal governance process for assigned portfolio and ensure compliance with all reporting and regulatory requirements.
- Create a culture of sharing lessons learned within Special Assets and back to the origination functions in order to avoid future mistakes.
- Benchmarks own performance against industry best practices.
- Acts as consulting credit officer and risk management specialist on a portfolio of higher risk relationships with line of business/other departments.
- Strong written and verbal communication competencies, in addition to financial analytical skills.
Benefits
- Comprehensive, competitive, and inclusive set of health, financial and other benefits that support your total well-being.
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What This Job Offers
Job Type
Full-time
Career Level
Director
