Principal Associate, Strategic Investments Group - Co-Lending and Credit Insurance Partnerships
The Strategic Investments Group (SIG) creates and runs partnerships that connect Capital One’s Commercial Bank with institutional capital to expand our lending capabilities and make Capital One more relevant to customers. Since 2016 SIG has been at the forefront of US banks creating numerous partnerships and risk transfer programs that currently cover over $10B in Capital One assets and are key competitive tools of the bank. At the heart of SIG’s initiatives, the team sources prospective financing opportunities - from both within Capital One and from its investor partners - and creates innovative solutions for our customers by combining the benefits of both bank capabilities and institutional capital.
Summary:
SIG’s Co-Lending and Credit Insurance Desk is a small and highly effective team that provides alternative distribution solutions to complement our front end originations and capital markets teams seeking to compete in the lending market with larger hold sizes. The team was formed in 2020 and manages established and new relationships with asset managers and insurance companies, and continues to experience significant growth in deal and partnership activity. This role will be responsible for helping to operate and scale both our existing as well as our newer Co-Lending and Credit Insurance partnerships. The associate will directly report to the Head of the Co-Lending and Credit Insurance Desk and work directly with a team of high-performing associates. The role will also closely interact with SIG leadership, senior originators, internal and external underwriting teams, insurers and insurance brokers, as well as numerous functional partners across our Commercial Bank to provide an especially high amount of visibility for a role at this level.
This role’s primary responsibilities will be:
- To facilitate post-close portfolio activity that requires transaction or credit updates, incremental commitments, votes or approvals from our partners,
- To coordinate and support the distribution or referral of balance sheet risk on individual corporate and commercial real estate loans for credit insurance with insurers or for syndication and assignment to our 3rd party lending partners,
- To coordinate with workout teams to understand restructuring situations and process any insurance claims that may arise in our portfolio, and
- To support and drive projects to automate or improve the technology and reporting infrastructure of our products and partnerships.
This is an exciting opportunity for a growth-oriented insurance, lending or capital markets professional to bring his/her unique set of skills and relationships to a dynamic team that rarely has openings.
Responsibilities:
- Drive post-close incremental commitment requests for our corporate lending partnerships from internal originations, risk and capital markets teams, directly coordinating with external partners, insurers and insurance brokers to determine partner eligibility and potential hold sizes
- Monitor an established portfolio of loans with credit insurance for performance deterioration, amendment activity, or potential claims, coordinating notices and votes between our deal teams and external insurance underwriters and brokers
- Lead team’s coordination efforts for internal deal team referrals to our external real estate and equipment finance partners
- Support Senior Desk associates and provide surge capacity for new deal activity in our corporate lending partnerships, with opportunity to increase scope with experience
- Ensure diligence materials and amendment requests are shared with partners where necessary
- Review and ensure accurate portfolio and pipeline data infrastructure
- Assist in coordinating partner closing processes with Senior Manager peers, Head of Co-Lending and Credit Insurance Desk, external legal counsel and operations, ensuring strong supporting documentation with each transaction
- Drive infrastructure projects to enable continued scale for established and new partnership programs in addition to supporting ad hoc internal and external partner requests
- Coordinate insurance claims processes
- Work with Team Leader to prepare presentations for internal and external stakeholders for strategy updates, business updates and other ad hoc presentations
- Ensure all responsibilities are always balanced and well-managed while maintaining a client first focus
- Navigate across a large organization, working collaboratively with cross-functional teams, and proactively maintaining transaction-level momentum
Basic Qualifications:****
- Bachelor's Degree or Military Experience
- At least 2 years experience in Corporate Banking or Insurance
Preferred Qualifications:****
- Foundational understanding of the commercial lending debt markets or credit insurance markets
- Experience managing or supporting capital markets, securitization, syndication or insurance market executions involving coordination across multiple lenders, investors, insurers
- Experience in risk analysis or portfolio management at banks, insurers or export agencies
- Proficiency in data and reporting infrastructure, including using SQL or Python for queries and scripting
- Familiarity with Snowflake or similar BI tools like Amazon Quicksuite for automated reporting and dashboards
At this time, Capital One will not sponsor a new applicant for employment authorization for this position.
The minimum and maximum full-time annual salaries for this role are listed below, by location. Please note that this salary information is solely for candidates hired to perform work within one of these locations, and refers to the amount Capital One is willing to pay at the time of this posting. Salaries for part-time roles will be prorated based upon the agreed upon number of hours to be regularly worked.
Chicago, IL: $119,400 - $136,200 for Principal Associate, Strategic Investments Group
McLean, VA: $131,300 - $149,800 for Principal Associate, Strategic Investments Group
Richmond, VA: $119,400 - $136,200 for Principal Associate, Strategic Investments Group
Candidates hired to work in other locations will be subject to the pay range associated with that location, and the actual annualized salary amount offered to any candidate at the time of hire will be reflected solely in the candidate’s offer letter.
This role is also eligible to earn performance based incentive compensation, which may include cash bonus(es) and/or long term incentives (LTI). Incentives could be discretionary or non discretionary depending on the plan.
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.
This role is expected to accept applications for a minimum of 5 business days.
No agencies please. Capital One is an equal opportunity employer (EOE, including disability/vet) committed to non-discrimination in compliance with applicable federal, state, and local laws. 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 City’s Fair Chance Act; Philadelphia’s Fair Criminal Records Screening Act; and other applicable federal, state, and local laws and regulations regarding criminal background inquiries.
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