The Head of Asset Based Lending, Operations Manager is an experienced, qualified individual who possesses a thorough understanding of the principles governing loan documentation. They will serve as part of the Shared Services Operations Leadership Team and help facilitate ongoing change management as well as set and drive strategic initiatives that enable the organization to better serve our Customers and internal stakeholders. They will lead a team of 12 collateral analysts supporting the day to day operations of a diverse mix of commercial lending customers and loan types. The team's core responsibility is centered around analyzing and monitoring client's collateral to ensure the validity of assigned collateral in accordance with their loan agreement. The team provides support throughout the life cycle of ABL lending, including providing feedback to support credit agreement negotiations, day to day collateral monitoring and ineligible calculations, through to payoff validations.
General Responsibilities:
Lead a team of 12 Collateral Analyst associates who are responsible for analyzing and monitoring client's collateral to ensure the validity of assigned collateral in accordance with their loan agreement.
Set and drive strategic agenda as part of the Shared Services Operations Leadership Team.
Support direct reports in translating strategic initiatives into tangible, measurable actions and milestones.
Partner with Relationship Managers and Underwriters to agree on, document and implement clear delineation of roles and responsibilities throughout the ABL lifecycle.
Collaborate with Commercial Risk partners to establish and maintain well-managed and controlled processes. Use trends in data and operational incident reporting to identify areas requiring preventative controls.
Support direct reports throughout the life cycle of ABL lending, including providing feedback to support credit agreement negotiations, day to day collateral monitoring and ineligible calculations, through to payoff validations.
Coordinate efforts with peers to establish best practices across all lines of businesses.
Establish and maintain strong working partnerships with the deal team; lead regular touchpoints to address challenges and influence strategic initiatives.
Identify and address knowledge gaps within the team; develop and provide guidance through knowledge sharing and formal training.
Leverage metrics and KPIs to monitor team and associate performance; communicate performance to Head of Shared Services Operations during monthly business reviews.
Represent team during regular performance and talent management cycles
Support team during periods of high volume by performing secondary approvals.
Basic Qualifications:
High School Diploma, GED or equivalent certification
At least 4 years of experience in Asset Based Lending, Commercial Loan Underwriting, Closing or Servicing
At least 2 years of experience leading a team or cross-functional projects
Preferred Qualifications:
Bachelor's Degree or Military experience
5+ years of experience in Asset Based Lending
5+ years of experience with Loan or Legal Documentation
5+ years of experience with Microsoft Office (Outlook, Excel, Word, PowerPoint) or Google Suite (Sheets, Slides, Docs)
At this time, Capital One will not sponsor a new applicant for employment authorization for this position.
#CommOps
Capital One offers a comprehensive, competitive, and inclusive set of health, financial and other benefits that support your total well-being. Learn more at theCapital 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 committed to diversity and inclusion in the workplace. All qualified applicants will receive consideration for employment without regard to sex (including pregnancy, childbirth or related medical conditions), race, color, age, national origin, religion, disability, genetic information, marital status, sexual orientation, gender identity, gender reassignment, citizenship, immigration status, protected veteran status, or any other basis prohibited under applicable 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 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.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 RecruitingAccommodation@capitalone.com. All information you provide will be kept confidential and will be used only to the extent required to provide needed reasonable accommodations.
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