Director, Commercial Risk, Underwriting & Portfolio Management

Capital One; Charlotte (NC); On-site; USD 187,000 - 214,000; Full time

Benefits offered by this job

Performance-based incentives

Comprehensive benefits package

Job summary

Capital One seeks a Director, Business Risk and Governance (Regulatory Lead) to guide the Commercial Underwriting and Portfolio Management organization. The role requires deep regulatory expertise and the ability to advise senior management on commercial credit matters, governance, and remediation across UW&PM activities.

You will collaborate with regulators and internal partners, lead complex initiatives, and ensure conformance with reporting requirements while building credibility with diverse

Qualifications

• Bachelor’s degree or military experience.
• At least 8 years of regulatory experience in a regulatory body or advisory role at a commercial bank.
• At least 10 years of experience in a regulatory role within the commercial banking industry.
• Experience across lending products including cash flow lending, real estate lending or structured products.
• Strong written and oral communication skills.

Responsibilities

• Serve as the business unit’s resident expert on regulatory matters surrounding commercial credit topics.
• Stay current on regulatory expectations and inform the business unit of anticipated regulatory actions.
• Collaborate with risk, review, and regulatory relations teams to address key changes.
• Serve as a subject matter expert on regulatory reporting and drive conformance to requirements.
• Ensure governance routines are in conformance with regulatory and enterprise expectations.
• Ensure all regulatory documentation requirements are met and results are positive.
• Establish a framework to evaluate transactions from Credit Review/regulatory perspectives.
• Lead in-business counsel for UW&PM teams at the transaction level.
• Remediate escalated findings efficiently with cross-functional teams.
• Act as liaison between UW&PM and Commercial Fraud to identify risk opportunities.
• Manage multiple, complex initiatives with project management discipline.

Skills

Regulatory experience

Communication skills

Leadership

Education

Bachelor’s degree

Job description

Role Overview

The Director, Business Risk and Governance (Regulatory Lead) supporting the Commercial Underwriting and Portfolio Management (UW&PM) organization will be an experienced leader, possessing deep regulatory expertise and extensive experience in advising management on commercial credit matters. Candidates should have the self-confidence, intellectual horsepower, and earned credibility requisite to effectively lead and enhance governance and remediation activities across the commercial underwriting and portfolio management activities of Capital One’s Commercial Bank.

The Director must have strong communication and relationship building skills for interactions with internal and external stakeholders. These stakeholders include the UW&PM senior leadership team, Commercial Risk, Credit Review, Internal Audit, Credit Officers and business unit leaders as well as external regulators (e.g. Office of the Comptroller of the Currency and Federal Reserve Bank staff). It will be critical that the candidate build credibility across this wide array of constituents. This individual will combine a hands-on, detail-orientation with a strategic mindset and innate capacity to consult with and influence senior leaders as they address pressing regulatory and business issues.

Functional responsibilities include:

• Serve as the business unit’s resident expert on regulatory matters surrounding a variety of commercial credit topics including risk ratings, evaluation and adjudication of credits, shared national credits, leveraged lending
• Stay current on regulatory expectations and keep the business unit informed of anticipated regulatory actions or shifts in tone and expectations.
• Work with Commercial Risk, Credit Review, and Regulatory Relations teams to create a strategy to address key changes within the business unit.
• Serve as a subject matter expert on critical changes pertaining to regulatory reporting and helping in the organization (in collaboration with our regulatory reporting teams) to drive conformance to related requirements.
• Ensure the Commercial UW&PM business unit’s processes and governance routines are consistently in conformance with regulatory and enterprise expectations.
• Work with the business unit to ensure all regulatory documentation requirements are met, and that Credit Review, regulatory exam results are positive.
• Establish a clear framework around how to evaluate transactions through the eyes of Credit Review and/or regulatory counterparts.
• Work regularly with the various UW&PM teams at the transaction level as their go-to, in-business counsel.
• Help maintain sound, compliant and appropriate solutions to complex regulatory matters, including leading the UW&PM organization’s regulatory agenda - which includes a combination of recurring routines as well as targeted regulatory reviews.
• Work with Commercial Risk, Regulatory Relations, Credit Review and Audit teams to respond to and remediate escalated findings in an efficient, effective and sustainable manner.
• Serve as a liaison between the UW&PM organization and the broader Commercial Fraud organization, which includes staying abreast of emerging issues and helping identify any potential risk‑management opportunities in that space.
• Manage multiple, complex initiatives simultaneously and leverage project management and planning skills with a forward-thinking approach.

Basic Qualifications:

• Bachelor’s degree or military experience
• At least 8 years of experience within a regulatory body such as the Office of the Controller of the Currency, Federal Reserve Bank or a regulatory advisory role at a commercial bank

Preferred Qualifications:

• At least 10 years of experience in a regulatory role within the commercial banking industry
• Experience across lending products including cash flow lending, real estate lending or structured products
• Strong written and oral communication skills

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

Charlotte, NC: $187,300 - $213,700 for Director, Risk Management
McLean, VA: $206,000 - $235,100 for Director, Risk Management
Richmond, VA: $187,300 - $213,700 for Director, Risk Management

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. 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.

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.