Principal Associate, Risk Management | Retail Bank

Principal Associate, Risk Management | Retail Bank
Job Description
Do you like working in the spotlight? Are you ready to work on the front line of a top 10 Bank? Can you build relationships as well as develop and implement innovative solutions? As a Risk Specialist at Capital One you'll be responsible for working with business partners to identify and mitigate potential risks to Capital One. Risk Specialists at Capital One are the front line of defense to ensure our Company remains stable and profitable.
Risk Specialists at Capital One are highly motivated Risk Management professionals with excellent organizational and communication skills. They have a high level of exposure across lines of business and have the opportunity to create and implement innovative solutions to identify and mitigate potential risks to the Company.
Responsibilities:
The team supporting the well-managed mission is a passionate and dynamic team of risk professionals focused on enhancing the risk profile of our Retail Bank business through execution of mission-critical risk, process, and control programs. We are seeking an inquisitive and organized team player to join us as a Risk Specialist. This associate will have the unique opportunities to become a subject matter expert in the processes and controls across all business areas within our Retail Bank.
As a Risk Manager Associate, you will:

• Review, analyze and develop business processes to assess the current risk and control environment
• Drive effective collaboration with business stakeholders and Risk Office partners to ensure timely documentation of controls mitigating the risks while meeting the 2nd line compliance requirements for the well managed agenda
• Review, analyze, develop, and/or execute processes for various functions across the risk office and business areas.
• Manage quality assurance and quality control review assessments on processes, procedures and control results.
• Validate the effectiveness of remediation efforts for issues generated from Audits, Exams, and various other processes
• Advise our business partners on how to design and document effective controls in our control environment related to business risks in addition to regulatory and internal policy requirements
• Identify and manage remediation of identified gaps in our control environment due to regulatory and internal policy updates
• Collaborate with business Process Owners and Risk Advisors to assess controls and recommend control improvement as needed
• Explore and collaborate with business and risk office partners in root cause analysis for ineffective results
• Provide requirements to tech and DA teams to implement control builds
• Complete the reporting necessary to inform the Leadership and Risk Advisors on the status of control suite effectiveness and issue remediation
• Successful track record of thriving in a fast paced and dynamic environment;
• Possess solid verbal and written communication skills to communicate effectively with a range of stakeholder groups
• Apply sound inquiry and analysis to make recommendations and decisions
• Be intellectually curious to question the obvious, explore options, and develop alternatives

Basic Qualifications:

• At least 3 years of Financial Services, Audit, Project Management or Risk Management experience
• At least 3 years of experience supporting, partnering and interacting with internal business clients

Preferred Qualifications:

• Bachelor's Degree
• 2+ year of people management experience
• 5+ years of Financial Services, Process Management Project Management,, Audit, or Risk Management Experience
• 1+ years of Experience with the Agile methodology
• 3+ years of experience with Google Suite

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.
McLean, VA: $117,300 - $133,900 for Principal Risk Specialist
Richmond, VA: $106,700 - $121,700 for Principal Risk Specialist
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 [email protected] . 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 [email protected]
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).