Principal Associate - Syndication Portfolio Management

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.

Principal Associate - Syndication Portfolio Management

Associate - Syndication Portfolio Management - New York, NY

Summary:
The Syndication Portfolio Management ("SPM") team oversees Capital One's responsibilities as Administrative Agent ("Agent") to lenders on syndicated credit facilities as well as on transactions where Capital One is a participant in a syndicated facility. SPM provides support related to the delivery of transaction-related information to participants and more generally helps ensure our responsibilities as lender and/or Agent are fulfilled. The team ensures our obligations are met by working closely with internal stakeholders, including but not limited to Syndications front office, Underwriting and Credit, Relationship Managers, and Loan Operations to deliver on external counterparty needs and stay compliant within the terms of individual credit agreements.

Surveillance Responsibilities:
• Manage, in consultation with other deal team members, all post-closing surveillance and communications with bank group participant members

• Perform completeness check to ensure all executed documents are collected and/or delivered by all parties involved.

• Reconcile syndicate member distribution lists on the secure websites (e.g. SyndTrak) with ACBS

• Respond to participant inquiries promptly. Consult appropriate deal team members with appropriate sensitivity and sense of urgency accordingly to specific scenarios and/or clients

• Establish on-going communication with deal teams and bank groups regarding any changes or issues to the Loan Agreement or deal structure

• Interact with appropriate deal team members to effectuate post-closing assignments, modifications and pay-offs

Additional Responsibilities:
• Track receipt of administrative details forms from participant banks

• Update the SPM loan documentation database upon the closing of all agented transactions

• Work with Construction Loan Administration to ensure that construction draw packages are delivered to participants in a timely manner.

• Strong communication skills with an emphasis on conveying confidence and an ability to be concise

• Effectively leverages network across multiple teams

• Pulls resources together to perform responsibilities timely and proactively

• Handles ambiguity well; consults group management when necessary

• Partners with internal stakeholders to drive ongoing improvement efforts

• Self-starter with ability to work well independently as well as with a team

Basic Qualifications:
• Bachelors Degree or Military Experience
• At least one year of commercial lending experience

Preferred Qualifications:
• At least two years of syndicated loan experience in a documentation review, loan operations or middle-office support function

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


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