Manager, Pods Credit Officer

Capital One
New York, New York, United States
Nov 11, 2022
Dec 11, 2022
Full Time
NYC 299 Park Avenue (22957), United States of America, New York, New York

Manager, Pods Credit Officer

Capital One is seeking an Industry Commercial Credit Officer with a background in real estate finance. The candidate will be part of the Credit Risk & Analytics (CR&A) organization, operating in a high-profile environment. The position is primarily responsible for portfolio management activities, and secondarily to provide support to the Lead Credit Officer in the risk assessment activities related to new originations as well as modifications and renewal of existing loans. The candidate will evaluate annual reviews in order to assess existing and upcoming risk factors, confirm the appropriateness of recommended risk ratings, confirm action plans and make recommendations when appropriate, and communicate risks outside of normal parameters to the Lead Credit Officer. With regard to new transactions, renewals and modifications, the candidate will exercise allocated credit authorities. When outside of specific lending authorities, the loans will be sent to the Lead Credit Officer, CRE Credit Executive or Chief Commercial Risk Officer for approval. For loans sent on to higher credit authorities, the candidate wlll be asked to provide an analysis and recommendations for the specific request.

The primary objectives of this position are to ensure that commercial loans within the assigned portfolios are within expected credit parameters, comply with policies and procedures, contain appropriate action plans, and are appropriately risk rated.

On-going Portfolio Management:

- Continuously monitor the credit quality of each transaction in the portfolio, and overall portfolio quality trends

- Ensure annual reviews are well-documented and risk ratings are accurate and are based on a forward-looking view

- Identify deteriorating credits and take appropriate action to mitigate risk; Partner with Special Assets team to transition troubled accounts as needed

- Collaborate with the Business as a Subject Matter Expert on regulatory and/or compliance requirements

- Work with the portfolio analytics group within CR&A to develop discrete reporting on portfolio metrics

- Communicate individual and general risk issues to the Lead Credit Officer

Risk Assessment:

- Identify the key historical, and future, credit (and non-credit) risks related to a specific transaction

- Develop a well-informed and forward-looking view of the business

- Evaluate the inputs and results of cash flow and valuation models under expected and stressed scenarios to determine the sustainability of the cash flows/values and acceptability of the sources of repayment

- Provide front-end structuring guidance to business partners and negotiate acceptable solutions that prudently balance risk and return

- Be a Strategic Partner with the Line of Business

Manage Credit Approval Process:

- Ensure all credit exposures and deal renewals/amendments are approved in accordance within existing policies and procedures, both internal Underwriting Standards and external regulatory guidelines, and are appropriately risk rated

- Review Credit Approval Memos and approve a credit structure appropriate for the risk profile of the Borrower

Basic Qualifications

- Bachelor's Degree or military experience

- At least 2 years of experience in commercial real estate finance

Preferred Qualifications

- Bachelor's Degree with a major in finance or business

- At least 4 years Proficient with credit principles and loan structuring

- At least 4 years Proficient with the technical requirements of analysis

- Working industry knowledge of commercial real estate markets and various property types

At this time, Capital One will not sponsor a new applicant for employment authorization for this position.

The minimum and maximum full-time annual salaries for this role are listed below, by location. Please note that this salary information is solely for candidates hired to perform work within one of these locations, and refers to the amount Capital One is willing to pay at the time of this posting. Salaries for part-time roles will be prorated based upon the agreed upon number of hours to be regularly worked.

Location is New York City

- $154,905 and $182,753 for Manager, Industry Comml Credit Officer

Candidates hired to work in other locations will be subject to the pay range associated with that location, and the actual annualized salary amount offered to any candidate at the time of hire will be reflected solely in the candidate's offer letter.

No agencies please. Capital One is an Equal Opportunity Employer committed to diversity and inclusion in the workplace. All qualified applicants will receive consideration for employment without regard to sex, race, color, age, national origin, religion, physical and mental disability, genetic information, marital status, sexual orientation, gender identity/assignment, citizenship, pregnancy or maternity, protected veteran status, or any other status prohibited by applicable national, federal, state or local law. Capital One promotes a drug-free workplace. Capital One will consider for employment qualified applicants with a criminal history in a manner consistent with the requirements of applicable laws regarding criminal background inquiries, including, to the extent applicable, Article 23-A of the New York Correction Law; San Francisco, California Police Code Article 49, Sections 4901-4920; New York City's Fair Chance Act; Philadelphia's Fair Criminal Records Screening Act; and other applicable federal, state, and local laws and regulations regarding criminal background inquiries.

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Capital One Financial is made up of several different entities. Please note that any position posted in Canada is for Capital One Canada, any position posted in the United Kingdom is for Capital One Europe and any position posted in the Philippines is for Capital One Philippines Service Corp. (COPSSC).