Senior Business Manager - CDFI Investing

Senior Business Manager - CDFI Investing

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 its mission 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. 

The Role:

Community Finance is seeking a strategically oriented and energetic Senior Manager BA with demonstrated experience driving innovation, impact and operational excellence to drive the expansion of Capital One’s Community Development Financial Institution (CDFI) activities. 

This role will report to the Senior Business Director accountable for delivering key insights that drive program strategy and management, analyzing our existing portfolio of loans, performing sensitivity analysis for various portfolio construct scenarios inclusive of lending facilities, equity/EQ2 investments, and deposits, while ensuring the financial stability and mission-driven goals are met. The role will serve as the front door between Community Finance, Small Business Bank and Commercial and other lines of business to manage coordination of all activities. This associate should have a demonstrated record of delivering solutions, excel at relationship management, and have keen business and communications acumen.

Key Responsibilities:

As a Senior Business Manager, you will be responsible for helping to build the strategy of our new function with responsibilities including, but not limited to:

• Support creation a holistic strategy to build and manage CDFI relationships, originate capital, service and monitor the portfolio and impact

• Analyze strategy across sectors, geographies, programmatic commitments in CBP

• Conduct investment ramp scenario analysis

• Own and refine investment framework for direct to CDFI commitments

• Develop KPIs and reporting mechanisms across governance forums and routines

• Drive creation of CDFI-specific credit policy

• Develop insights once we have seasoned investments to inform pricing strategy, duration considerations

• Outline CDFI program best practices - seek to define what the gold standard looks like with an eye toward program sustainability

Basic Qualifications:

• Bachelor’s Degree in any quantitative field (Business, Math, Economics, Finance, Statistics, Science, Engineering)

• At least 2 years of experience in quantitative analysis

• At least 2 years of experience in