Operations Associate - Commercial Loan Servicer
Operations Associate - Commercial Loan Servicer
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Job Description
Are you looking for a challenging role that includes the convenience of working virtually at home Then a Capital One Commercial Ops role may be the role for you! You must be within 50 miles driving distance from one of our Capital One hubs in Richmond VA or Plano TX
Capital One Commercial Core Operations is looking for an experienced candidate to support the growing Commercial Loan Servicing Operations Team. In this role you will support syndicate participant loans for a variety of Corporate Banking Lines of Businesses handling day to day loan activity and maintenance. The role includes analytical components related to various loan accruals and manual calculations with ongoing reconciliation and remediation. Strong communication skills and product knowledge are critical to success as well as working collaboratively among stakeholders to help facilitate ongoing change management.
Responsibilities:
Control and manage a portfolio of active credit facilities as the Loan Operations Servicer for a variety of participant/member loans for the Commercial Corporate Banking line of business
Process loan requests (disbursements pay downs payments etc.); interest and exchange rate fixing interest and fee calculations billing and liquidations
Communicate directly with Agent Banks and Financial Institutions for all loan related requests (i.e. resolving and expediting inquiries discrepancies and other special requests)
Strong written and verbal communication skills are required on a daily basis
Work closely with respective business units and other internal partners to align needs and provide support as needed
Manage all exception and maintenance reporting for cash breaks analysis reconciliations of interest fees etc.
Complete comprehensive testing of system enhancements
Review of and extraction from legal documents for compliance interpretation and operational viability and support
Develop design and implement inter-departmental controls and risk reducing processes with the primary goal of maintaining accurate books and records
Prepare and submit periodic departmental and team reports and metrics
Manage multiple workflow tools including Gmail Salesforce Customer Hotline
Support foreign currency lending in collaboration with the internal trade desk associates - adhering to strict timelines of buy/sell requirements with each lending request
Work from Home Technology Requirements:
A secure home office environment that is free from background noise and distractions
A reliable private internet connection that is not supplied via cellular data or hotspot
A private network that is password protected where you have ownership or line of sight to every device on the network
Internet service must be provided by Cable or fiber Internet Service Provides (ISP)
Hotspots and satellite services are prohibited and do not meet performance criteria required for optimal agent/customer interactions
ISP download speeds on VPN must be at least 5Mbps with 10 Mbps preferred
To validate ISP speeds from a Chrome browser go to type Speed Test and run from the Google landing page
Both Hardwire and WiFI internet connections are acceptable as long as speed and security requirements are met
Capital One reserves the right to request proof of internet provider speed and service package from the associate. Requirements are subject to change as new systems and technology are delivered. Capital One reserves the right to modify internet service requirements with sixty (60) days notice. Internet Service Provider specs can change by provider and location within the US. If you are experiencing consistent issues with internet stability Capital One reserves the right to ask the agent to upgrade internet service to ensure a good customer experience.
Work from Home Living Requirements:
Candidates must live within approximately 50 miles of one of the hub locations based in 23238 or 75024 and be comfortable coming in person whenever required with no less than 24 hours notice.
Basic Qualifications:
High School Diploma GED or equivalent certification
At least 1 year of experience in Banking Operations
At least 1 year of experience using Microsoft Office or Google Suite
Preferred Qualifications:
Bachelors Degree or Military experience
2 years of experience in Commercial Loan Operations or Commercial Loan Servicing
2 years of experience using Advanced Commercial Banking System (ACBS)
2 years of experience with Wall Street Systems and Society (WSS) and Society for Worldwide Interbank Financial Telecommunication (SWIFT)
2 years of experience with Wall Street Office (WSO)
At this time Capital One will not sponsor a new applicant for employment authorization for this position.
#CommOps
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.
Plano TX: $64700 - $73900 for Ops AssociateCandidates 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 candidates 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 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 (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 Citys Fair Chance Act; Philadelphias 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- or via email at . All information you provide will be kept confidential and will be used only to the extent required to provide needed reasonable accommodations.
For technical support or questions about Capital Ones recruiting process please send an email to
Capital One does not provide endorse nor guarantee and is not liable for third-party products services educational tools or other information available through this site.
Capital One Financial is made up of several different entities. Please note that any position posted in Canada is for Capital One Canada any position posted in the United Kingdom is for Capital One Europe and any position posted in the Philippines is for Capital One Philippines Service Corp. (COPSSC).
Required Experience:
IC
Employment Type
Full-Time
