Managing Director, ABS Trading

Capital One
New York, New York, United States
May 27, 2023
Jun 26, 2023
Full Time
NYC 299 Park Avenue (22957), United States of America, New York, New York

Managing Director, ABS Trading

At Capital One, we are a Top 10 U.S. Bank, with the strength and stability to meet the needs of any business. Our Commercial Banking group services a $95 billion loan portfolio and more than 6,100 clients. Our Commercial Bank is growing at a dynamic pace and offers a broad array of products and services, including but not limited to: Financing (Commercial Lending, Loan Syndications), Capital Markets (Interest Rate Derivatives, Commodity Derivatives, Foreign Exchange, Structured Products, DCM/ECM, Institutional Sales & Trading, Equity Research, and Mergers & Acquisitions), Treasury Management, and Wealth & Asset Management. Our services and specialties run the gamut - from Commercial Real Estate to Financial Institutions Group (FIG) to Healthcare to Energy and TMT.

Our Capital Markets (CM) team is looking for a Managing Director, ABS Trading. This role will report to the Head of Structured Products and will be a senior member of the Structured Products team. The Structured Products group works with clients across the bank to structure, arrange and distribute the Asset Backed Securities (ABS) and Collateralized Loan Obligations (CLO) to institutional investors as well as provide secondary liquidity. The client set operates across a broad range of asset classes in the consumer & commercial sectors. This individual will also take an active role in building out the coverage effort of Capital One's ABS issuance activities across both credit cards (COMET shelf) and the auto (COPAR shelf) business.

General Responsibilities:
  • Manage the Structured Products inventory and trading risk
    • Effectively maintain various risk positions and manages within position limits
    • Provides liquidity and trade ideas to clients while trading within set limits to assist the Structured Products team achieve objectives
  • Provide Issuer & Investor market updates which will facilitate the team winning lead and co-manage ABS and CLO mandates
  • Negotiate and execute trades with broker dealers and investors
  • Communicate flow information, relative value and trade ideas to the broader Structured Products team
  • Successful relationship and interactions with Operations, Market Risk, Technology, Compliance, Internal Audit and Legal teams
  • Engage in special projects to support new business generation

Basic Qualifications:
  • Bachelor's Degree or Military Experience
  • At least 8 years of Asset Backed Securities or Collateralized Loan Obligations Trading experience

Preferred Qualifications:
  • MBA or graduate level degree from an accredited academic institution
  • Experience with CRE CUSIP products (Agency CMBS, CRE CLO)
  • Ability to work in a fast-paced, dynamic environment and proficiency in multi-tasking
  • Strong interpersonal skills with proven ability to collaborate effectively with internal and external partners at all levels
  • Strong interest in client contact, given significant interactions with corporate management teams, other broker dealers as well as members of the general investor community

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.

New York City: $315,000 - $400,000 for Managing Director, ABS Trading

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.

This role is also eligible to earn performance based incentive compensation, which may include cash bonus(es) and/or long term incentives (LTI). Incentives could be discretionary or non discretionary depending on the plan.

Capital One offers a comprehensive, competitive, and inclusive set of health, financial and other benefits that support your total well-being. Learn more at the Capital One Careers website . Eligibility varies based on full or part-time status, exempt or non-exempt status, and management level.

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).