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Capital One Director, Consumer Underwriting & Portfolio Management (Financial Institutions Group) in Chicago, Illinois

77 West Wacker Dr (35012), United States of America, Chicago, Illinois

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, Consumer Underwriting & Portfolio Management (Financial Institutions Group)

Capital One’s Financial Institutions Group (FIG) has a need for Director level Underwriter to join its Lender Finance / Securitization team. The incumbent will provide underwriting and credit management leadership to cross-functional deal teams in underwriting consumer lender finance transactions. This includes, but is not limited to, transaction due diligence, collateral analysis, structuring, cash flow modeling, negotiation, approval memo drafting & presentation, legal documentation, and closing. The individual will primarily underwrite new transactions, as well as assist in the restructuring of existing transactions, and consult with team members to manage and monitor portfolio accounts.

Specific responsibilities may include, but are not limited to:

  • Plays a key role completing and presenting pre-screen memos, credit approval memos, collateral analysis, cash flow modeling, and risk rating assessment for recourse and non-recourse loans to non-bank financial institutions.

  • Leads the underwriting and documenting process for structured loan transactions, including: corporate diligence & financial analysis, industry research, company research, identification of a borrower’s performance drivers, projection of future corporate & asset performance, ability to repay debt, as well as assessment of how stress cases impact the credit.

  • Prepares risk assessments and presents senior management with a clear and consistent approach to mitigate credit, legal, regulatory, and other relevant risks.

  • Maintain detailed financial models and develop sensitivity analysis around key economic drivers.

  • Maintain all operational aspects of a transaction from deal initiation to close.

  • Negotiates terms and conditions for transactions and works with cross-functional teams to ensure appropriate documentation.

  • Manages accounts to ensure customer retention and performance to specifications.

  • Coaches and develops junior team members.

  • Partners with Relationship Managers and Portfolio Managers to cultivate excellent client relationships and credit risk management. Exhibits a sense of urgency towards meeting client requests while also meeting acceptable risk parameters.

  • Understands and promotes bank and capital markets products to assist the Relationship Managers in meeting profitability targets.

  • Ensures compliance in credit policies and procedures.

  • Evaluate risk/return dynamics for proposed transactions.

Basic Qualifications:

  • Bachelor’s Degree or Military Experience

  • At least 8 years of experience in lender finance or at least 8 years of experience in structured finance or at least 8 years of experience in securitization or at least 8 years of experience in commercial banking or at least 8 years of experience in rating agency analysis.

Preferred Qualifications:

  • Master’s Degree and/or CFA.

  • At least 10 years of experience in underwriting and portfolio management.

  • Experience with consumer asset classes.

  • Experience with financial products available to financial institutions, including cash flow lending, bond issuance, secured recourse lending, non-recourse lending (i.e. securitization), mezzanine credit, hedging.

  • Entrepreneurial mindset.

  • Capital markets knowledge; ABS experience a plus.

  • Experience in preparing financial information, interpreting financial performance, and assessing risk exposure.

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