Principal Associate, Strategic Investments Group - Co-Lending and Credit Insurance Partnerships

Capital One•McLean, VA

21h

About The Position

The Strategic Investments Group (SIG) creates and runs partnerships that connect Capital One’s Commercial Bank with institutional capital to expand our lending capabilities and make Capital One more relevant to customers. Since 2016 SIG has been at the forefront of US banks creating numerous partnerships and risk transfer programs that currently cover over $10B in Capital One assets and are key competitive tools of the bank. At the heart of SIG’s initiatives, the team sources prospective financing opportunities - from both within Capital One and from its investor partners - and creates innovative solutions for our customers by combining the benefits of both bank capabilities and institutional capital. SIG’s Co-Lending and Credit Insurance Desk is a small and highly effective team that provides alternative distribution solutions to complement our front end originations and capital markets teams seeking to compete in the lending market with larger hold sizes. The team was formed in 2020 and manages established and new relationships with asset managers and insurance companies, and continues to experience significant growth in deal and partnership activity. This role will be responsible for helping to operate and scale both our existing as well as our newer Co-Lending and Credit Insurance partnerships. The associate will directly report to the Head of the Co-Lending and Credit Insurance Desk and work directly with a team of high-performing associates. The role will also closely interact with SIG leadership, senior originators, internal and external underwriting teams, insurers and insurance brokers, as well as numerous functional partners across our Commercial Bank to provide an especially high amount of visibility for a role at this level. This is an exciting opportunity for a growth-oriented insurance, lending or capital markets professional to bring his/her unique set of skills and relationships to a dynamic team that rarely has openings.

Requirements

Bachelor's Degree or Military Experience
At least 2 years experience in Corporate Banking or Insurance

Nice To Haves

Foundational understanding of the commercial lending debt markets or credit insurance markets
Experience managing or supporting capital markets, securitization, syndication or insurance market executions involving coordination across multiple lenders, investors, insurers
Experience in risk analysis or portfolio management at banks, insurers or export agencies
Proficiency in data and reporting infrastructure, including using SQL or Python for queries and scripting
Familiarity with Snowflake or similar BI tools like Amazon Quicksuite for automated reporting and dashboards

Responsibilities

To facilitate post-close portfolio activity that requires transaction or credit updates, incremental commitments, votes or approvals from our partners
To coordinate and support the distribution or referral of balance sheet risk on individual corporate and commercial real estate loans for credit insurance with insurers or for syndication and assignment to our 3rd party lending partners
To coordinate with workout teams to understand restructuring situations and process any insurance claims that may arise in our portfolio
To support and drive projects to automate or improve the technology and reporting infrastructure of our products and partnerships
Drive post-close incremental commitment requests for our corporate lending partnerships from internal originations, risk and capital markets teams, directly coordinating with external partners, insurers and insurance brokers to determine partner eligibility and potential hold sizes
Monitor an established portfolio of loans with credit insurance for performance deterioration, amendment activity, or potential claims, coordinating notices and votes between our deal teams and external insurance underwriters and brokers
Lead team’s coordination efforts for internal deal team referrals to our external real estate and equipment finance partners
Support Senior Desk associates and provide surge capacity for new deal activity in our corporate lending partnerships, with opportunity to increase scope with experience
Ensure diligence materials and amendment requests are shared with partners where necessary
Review and ensure accurate portfolio and pipeline data infrastructure
Assist in coordinating partner closing processes with Senior Manager peers, Head of Co-Lending and Credit Insurance Desk, external legal counsel and operations, ensuring strong supporting documentation with each transaction
Drive infrastructure projects to enable continued scale for established and new partnership programs in addition to supporting ad hoc internal and external partner requests
Coordinate insurance claims processes
Work with Team Leader to prepare presentations for internal and external stakeholders for strategy updates, business updates and other ad hoc presentations
Ensure all responsibilities are always balanced and well-managed while maintaining a client first focus
Navigate across a large organization, working collaboratively with cross-functional teams, and proactively maintaining transaction-level momentum