External Affairs works with many external and internal stakeholders to envision and create a world of greater socioeconomic opportunity through advocating for an inclusive society, building thriving communities, and creating financial tools that enrich lives. Our teams include Communications, Community Impact and Investment, Community Finance, CRA Strategy and Program Management, the Government and Political Affairs Group, Regulatory Relations, and Strategy and Engagement. Through our teams, we have unparalleled access to a diverse group of motivated changemakers similarly focused on the ingredients for a more perfect future.
We focus on innovation and opportunity -- on long term well being for our associates, customers, and communities. We dream in disruption -- at scale -- especially for those who have been underserved. This is the language of changing things for the better, of the future, and…of Capital One.
As we continue to build our commitment to our customers and communities, we would like for you to consider being part of this very special team.
Community Finance Team
Community Finance’s commitment to impact is clear. In 2023, the team originated $2.3 billion in debt and Low Income Housing Tax Credit (LIHTC) equity investments that financed more than 14,000 affordable housing units. Since its inception, Capital One has invested almost $17 billion in affordable housing and provided financing for more than 160,000 affordable housing units.
Capital One’s Community Finance originates debt and equity to support affordable housing development. The team provides construction debt financing, as well as, invest in low income housing credits through proprietary and multifund equity fund structures. In addition the team partners with other lines of business to provide capital to Community Development Financial Institutions.
The Community Finance is a line of business that seeks to build inclusive, thriving, resident-centered communities that catalyze opportunity & well being; and enables Capital One to further on its quest to change banking for good. We partner with other teams within External Affairs and lines of business to create meaningful impact for customers and communities sustainably and at scale.
While individual roles may differ, general responsibilities at this level will likely include:
Understand and employ all lending, investing and regulatory/compliance policies and procedures of the bank and the department.
A solid understanding of loan and equity risk factors is essential.
Responsible for using analytical skills to help make informed decisions.
Review and verify information about potential borrowers and related parties and provide key takeaways to business units.
Preliminary financial analysis and modeling of multifamily LIHTC transactions.
Recommends structural changes and/or enhancements related to affordable housing transactions.
Act as a gatekeeper to identify and mitigate risks.
Assists in pipeline management and maintaining reporting needs.
Manage workflow and influence task completion across various teams; fostering collaboration.
Assist in building and refining key data resources, ensuring accuracy and accessibility across the organization.
Research industry-specific information from various sources, including direct conversations with borrower, syndicator and industry publications.
Stay current on industry trends and maintain market awareness in targeted markets through direct research and review of third-party research.
Identify and implement enhancements to current processes, ensuring alignment with organizational goals.
Support the Team in all aspects of Community Finance transactions.
Assist or lead select ad hoc projects as requested by leadership.
Basic Qualifications:
Bachelor’s degree or military experience.
At least 3 years of experience in commercial real estate, underwriting, and/or asset management in the field of affordable housing finance or commercial real estate.
Preferred Qualifications:
Master of Business Administration (MBA) or Master’s degree in Finance.
At least 3 years of specialized experience in Community Finance.
Completion of credit training program (or equivalent work experience).
Strong oral and written communication, presentation and influencing skills with a high level of attention to detail.
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.
New York, NY: $139,100 - $158,700 for Agency UW & PM I
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 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.
For technical support or questions about Capital One's recruiting process, please send an email to Careers@capitalone.com
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).
Who We Are
At Capital One, we’re building a leading information-based technology company. Still founder-led by Chairman and Chief Executive Officer Richard Fairbank, Capital One is on a mission to help our customers succeed by bringing ingenuity, simplicity, and humanity to banking. We measure our efforts by the success our customers enjoy and the advocacy they exhibit. We are succeeding because they are succeeding.
Guided by our shared values, we thrive in an environment where collaboration and openness are valued. We believe that innovation is powered by perspective and that teamwork and respect for each other lead to superior results. We elevate each other and obsess about doing the right thing. Our associates serve with humility and a deep respect for their responsibility in helping our customers achieve their goals and realize their dreams. Together, we are on a quest to change banking for good.