Director - Post Credit Approval Review - Special Assets

NYC 299 Park Avenue (22957), United States of America, New York, New York

At Capital One, we're building a leading information-based technology company. Still founder-led by Chairman and Chief Executive Officer Richard Fairbank, Capital One is on a mission to help our customers succeed by bringing ingenuity, simplicity, and humanity to banking. We measure our efforts by the success our customers enjoy and the advocacy they exhibit. We are succeeding because they are succeeding.

Guided by our shared values, we thrive in an environment where collaboration and openness are valued. We believe that innovation is powered by perspective and that teamwork and respect for each other lead to superior results. We elevate each other and obsess about doing the right thing. Our associates serve with humility and a deep respect for their responsibility in helping our customers achieve their goals and realize their dreams. Together, we are on a quest to change banking for good.

Director - Post Credit Approval Review - Special Assets

Capital One's Policy & Innovation (P&I) team, housed within the Credit Risk and Analytics (CR&A) division, is responsible for Risk Governance, Risk Appetite, Policy and Assurance Exam Management activities for Credit Risk in the Commercial Bank and Market and Liquidity Risk at the Enterprise level. The team's contribution is critical in providing a foundation for sound credit risk management practices, complying with internal policies and regulations and exhibiting the overall culture of Capital One.

This is a newly created position in Commercial Credit Risk & Analytics (CR&A) for an Individual reviewing Rating Assignments assigned by Special Asset Credit Officers and other Credit Officers, in addition to reviewing Credit Actions versions Credit Policy and Underwriting Criteria. The Individual will possess deep credit risk assessment, credit policy, and OCC regulatory expertise. S/he will have the self-confidence, intellectual horsepower, and earned credibility required to effectively challenge and ensure regulatory compliant risk ratings, approve and ensure consistency in FAS 114 impairment analysis and approve enterprise valuation drivers and collateral values for loans. Additionally, S/he will help drive consistency in assessing risks and documentation.

The Individual will be a key teammate with excellent communication and relationship building skills for interactions with internal and external stakeholders. These stakeholders include Credit Officers, Special Assets Officers, Credit Review, Credit Policy Officers, Enterprise Valuation experts, Audit and business unit leaders and counterparts, as well as external regulators (OCC and FRB). Functional Responsibilities include:

  • Ensure effective credible challenge and approve risk ratings for all Substandard and worse rated loans and consult on Special Mention rated loans for the C&I and Commercial Real Estate portfolios. Be sought out internally as the leading Subject Matter Expert (SME) on regulatory risk rating classifications and provide guidance and periodic training on regulatory risk ratings.
  • Evaluate Credit Transactions versus Credit Policies and Underwriting Standards to ensure analysis and rationale aligns with requirements and is supported with appropriate rationale.
  • Play a key leadership role in our quarterly governance process for FAS 114 impairment analysis. Validate and approve the correct sizing of any impairment and the reasonableness of valuation assumptions and methodologies. Ensure consistency across workout officers and adherence to Accounting and Regulatory guidelines.
  • Partner with the CR&A Enterprise Valuation Group to ensure flawless execution of valuation policies and procedures for adversely classified loans and determine split risk ratings when necessary.
  • Stay current on regulatory changes and expectations impacting the loan portfolio including the criticized portion. Evaluate the impact of regulatory changes and collaborate with the Credit Policy and Innovation team to ensure processes and policies are in compliance with regulatory expectations.
  • Document and socialize best practices and be the culture champion for sharing lessons learned.

The Ideal candidate will have:

The candidate must have extensive experience in regulatory risk ratings, credit accounting, distressed borrower restructurings and workouts, and leveraged lending including:
  • Experience in solving for and authoring Credit Policieswith a Super Regional or Money Center bank
  • Experience in evaluating credit risk and valuing criticized and distressed loans
  • Experience in underwriting C&I sub-investment grade like loans and Commercial Real Estate loans
  • Commercial Underwriting/portfolio management and/or commercial loan workout experience

Basic Qualifications:
  • Bachelor's Degree in Accounting, Finance, or Business
  • At least 5 years of commercial loan underwriting experience in an OCC regulated environment
  • At least 2 years of commercial loan workout experience

Preferred Qualifications:

  • JD
  • At least 10 years of commercial lending/underwriting experience in an OCC regulated environment
  • At least 3 years of experience as a bank examiner or in a Credit Review function in an OCC regulated bank

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

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