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PrintSpecial Asset Officer
| Company: | Capital One Company Profile | Current Opportunities (1) |
| Job Location(s): | New Orleans |
| Employment Term: | Regular |
| Employment Type | Full Time |
| Start Date: | As soon as possible |
| Starting Salary Range: | Not Provided |
| Required Education: | Bachelor's Degree |
| Required Experience: | Open |
| Related Categories: | Banking - General, Banking - Management, Banking - Credit/Collections |
Position Description
Summary:
Multi-function senior position for mitigating risk in criticized assets requiring high level of proficiency as a manager, liaison, servicing officer and consultant.Requires little managerial supervision on day-to-day operations. Interacts directly with Special Assets Section Managers and unit Manager on a frequent basis on status of portfolio and department policies.
Responsibilities:
Basic Qualifications:
Bachelors degree in Finance or a related field
At least 7 years of commercial lending experience
At least 5 years of loan work out experience
At least 3 years of management experience in commercial lending or work out environment
Preferred Qualifications:
At least 5 years Regulatory or like 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 in the workplace. We promote a drug-free work environment. We emphasize recruiting, hiring, and retaining the most qualified candidates and providing them with the opportunity to meet their potential. We provide an environment where differences lead to solutions.
Summary:
Multi-function senior position for mitigating risk in criticized assets requiring high level of proficiency as a manager, liaison, servicing officer and consultant. Requires little managerial supervision on day-to-day operations. Interacts directly with Special Assets Section Managers and unit Manager on a frequent basis on status of portfolio and department policies.
Responsibilities:
• Interacts with OCC on a regular basis to maintain compliance with ever-changing inter-bank and regulatory environment.
• Interacts with Credit Review on credits under review and compliance with Criticized Asset Policy.
• Develops plans to maintain compliance with lending policies, OCC regulations and other applicable guidelines/laws.
• Performs review of impairment calculations to confirm loss/reserve exposure on credit.
• Performs review of Troubled Debt Restructure analysis to ensure loan officers properly evaluate credits under TDR guidelines.
• Oversee compliance with Sarbanes-Oxley (SOX) controls as mandated by bank policy and monitored by Audit.
• Ensures that loan relationships are properly risk rated using the applicable dual risk rating model.
• Provides ongoing input to management regarding department’s expanding responsibilities as part of an evolving legal and regulatory environment.
• Provides expertise to Lending Groups’ managers and account officers on criticized assets as well as assets identified as having an increasing risk trend maintained by Lending Group account officer.
• Monitors reporting requirements for criticized loans maintained outside of Special Assets.
• Participates in periodic meetings with various Lending Groups to monitor portfolio trends and provide counseling on credits with increasing risk trends.
• Participates in roundtable discussions with Lending Groups on risk management issues to determine actions for limiting bank exposure.
• Provides continuous feedback to Credit on trends, underwriting issues and lending policies.
Basic Qualifications:
Bachelors degree in Finance or a related field
At least 7 years of commercial lending experience
At least 5 years of loan work out experience
At least 3 years of management experience in commercial lending or work out environment
Preferred Qualifications:
At least 5 years Regulatory or like experience
At this time, Capital One
Other desired skills:
Special Asset Officer
