• Director - Commercial Loan Workout Officer - Special Assets Group Jobs in New York City - 25672323

  • New York City
  • Save Job
  • 4 - 7 Years
  • Posted : above 1 month

Job Description:

At Capital One, were 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 - Commercial Loan Workout Officer - Special Assets Group

Industry Focus Healthcare, TMT (Telecom, Media, Technology), F&B (Food & Beverage), Paper & Packaging, & Financial Intermediaries

Role Location Bethesda, MD, Stamford, CT, New York/New Jersey Metro Area, or Dallas, TX


Acts as servicing officer for a portfolio of problem commercial loans and deposit relationships Primary focus will be on Healthcare and additional sponsor backed transactions Performs the duties of a lending officer and has loan authority as designated by bank management Administers and restructures problem loans and deposit relationships, including extremely complex situations, with very little managerial supervision, to assure optimal levels of principal, interest and expense recovery Evaluates customer relationships to determine a Relationship Retention Plan and identifies opportunities to restructure and cross sell Bank products to maintain customer relationships where appropriate


Reviews portfolios quarterly, develops reporting for migration of accounts and manages delinquency
Acts as the primary servicing officer for a problem loan and deposit portfolio
Meets with problem loan customers on a regular basis, monitors financial performance, establishes action plans to correct problem issues, monitors collateral value and condition and provides continuous diligence to mitigate loss exposure to the bank
Interacts with other workout officers, lending officials, and borrowers to better secure collateral, equity, or other assets of the borrower
Daily control of overdrafts on deposit accounts related to portfolio
Places focus on the relationship of internal and external business customers
Determines most efficient overall deposit structure and identifies opportunities to cross sell Treasury Management and other Bank products to appropriate customers based upon Relationship Retention Plan
Evaluates financial information, collateral, legal documentation and other available information to project probable and maximum loss exposure to Bank
Is also responsible for analyzing and combining this information to develop an aggressive and comprehensive workout strategy to ensure optimal loss protection to the Bank in terms of both time and money while maintaining compliance with regulatory requirements
Consults with inside/outside legal counsel regarding perfection of collateral as well as necessary legal actions and strategies to protect Banks position
Negotiates loan and collateral documentation with third party counsel in conjunction with Lending Law
Analyzes third party legal documents and negotiates potential arrangements to determine an overall strategy to reduce the Banks loss exposure
Assumes consulting responsibilities for additional workout loans and deposit relationships from other departments as assigned by the Special Assets Section Manager
Acts as credit officer on a portfolio of consulting relationships with other departments
Documentation of status of relationship in compliance with existing policy
Maintains close control and accounting of expenditures as a vital component of departmental goal to limit loan losses and maximize loan recoveries
Negotiates and contracts with various professionals such as attorneys, appraisers, brokers, etc to provide services of significant cost to ensure best cost/benefit return to Bank

Basic Qualifications

Bachelors degree OR Military experience
At least 3 years of commercial lending experience
At least 2 years of underwriting experience OR at least 2 years of credit risk management experience
At least 2 years of Loan Workout experience

Preferred Qualifications

4 years of underwriting experience OR 4 years of credit risk management experience OR 4 years of commercial lending experience
3 years of Loan Workout experience

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

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 Citys Fair Chance Act; Philadelphias Fair Criminal Records Screening Act; and other applicable federal, state, and local laws and regulations regarding criminal background inquiries

If you have visited our website in search of information on employment opportunities or to apply for a position, and you require an accommodation, please contact Capital One Recruiting at 1-800-304-9102 or via email at RecruitingAccommodationcapitalonecom All information you provide will be kept confidential and will be used only to the extent required to provide needed reasonable accommodations

For technical support or questions about Capital Ones recruiting process, please send an email to Careerscapitalonecom

Capital One does not provide, endorse nor guarantee and is not liable for third-party products, services, educational tools or other information available through this site

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)

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Profile Summary:

Employment Type : Full Time
Eligibility : Any Graduate
Industry : Others - other Industry
Functional Area : Banks/Insurance/Financial Services
Role : Banking -General
Salary : As per Industry Standards
Deadline : 15th Jul 2020

Key Skills:

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