Director, Special Assets

Overview

The Director, Special Assets role at Capital One provides leadership and loan workout expertise to a portfolio of distressed loans in Middle Market Banking. This includes various sectors such as Food and Beverage, Healthcare, TMT, Industrials, Services, and Government Contracting. The portfolio consists of a high concentration of leveraged loans and private equity-backed borrowers.

Primary Responsibilities

• Perform the duties of a loan officer and be responsible for the restructuring/loss mitigation of criticized and classified loans.
• Apply credit officer, asset management, and risk management disciplines.
• Use expertise in Special Assets to ensure Capital One is leveraging the best practices of its peers and proactively evolving the policies and programs employed by the Bank.
• Work closely with and influence senior business and risk management leaders within the Commercial Bank when creating, revising, or implementing Special Assets workout strategies.
• Lead an autonomous portfolio of distressed loans and develop an aggressive and comprehensive workout strategy.
• Negotiate and contract with various professionals such as attorneys, appraisers, brokers, etc., to provide services to ensure the best cost/benefit return to the Bank.
• Evaluate all financial information, collateral, legal documentation, and other available information to project probable and maximum loss exposure to the Bank.
• Lead processes improvements and implement best in class solutions, raising quality and productivity in a calculated way.
• Lead criticized and watch list internal governance process for assigned portfolio and ensure compliance with all reporting and regulatory requirements.
• Create a culture of sharing lessons learned within Special Assets and back to the origination functions in order to avoid future mistakes.
• Benchmark own performance against industry best practices.
• Act as a consulting credit officer and risk management specialist on a portfolio of higher risk relationships with line of business/other departments.

Qualifications

• Bachelor’s degree or military experience
• At least 7 years of relevant commercial loan experience, credit, asset management, or workout
• At least 5 years of loan underwriting experience or 5 years of experience in loan restructuring

Preferred Qualifications

• Master's degree or Juris Doctorate degree
• At least 10 years of experience in commercial lending with direct experience in loan restructuring

Pay

The minimum and maximum full-time annual salaries for this role are listed below, by location:

• McLean, VA: $230,400 - $263,000 for Director, Special Assets

Benefits

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.