Principal Risk Associate, Operational Risk Management Control Testing

Principal Risk Associate, Operational Risk Management Control Testing

Capital One is seeking an energetic, self-motivated Principal Risk Associate to join the Operational Risk Control Testing team within the Operational Risk Management (ORM) second line of defense. The ORM Testing team is a dedicated group of professionals focused on developing and executing second line of defense oversight responsibilities for Capital One.

Risk Associates perform professional testing and challenge of operational controls identified through various risk assessment processes that identify material risks and controls of operational risk, including processes, systems and products. ORM Testing provides direct feedback to the first line of defense and informs the effective challenge regarding overall control effectiveness. 

This position will be expected to conduct control testing across a spectrum of business and technology processes, document testing results, prepare work papers to evidence testing methods, and draft final reports for customers to summarize testing results. This associate will be responsible for building and maintaining relationships with our business partners while adhering to the highest ethical standards required for independent testing. Success in this position will rely heavily on working with other team members, being able to identify and execute strategies to build and improve processes, being able to analyze data from a variety of sources and to independently identify risk through undefined processes or ways that are not predetermined.

Responsibilities:

• Perform testing on identified operational risk controls to provide assurance that risk-taking groups are appropriately representing their control environments through the effective challenge of operational controls

• Ensure issues are properly reported to business areas and remediated appropriately to reduce outstanding risk or performance breakdowns

• Perform and support detailed data analysis to include trending, problem identification, and development/completion of remediation projects

• Identify emerging risks, process improvements, or areas for increased training through the analysis of testing results

• Manage work across organizational lines to achieve results and manage competing priorities

• Support procedure reviews and document updates

• Exhibit excellent verbal and written communication skills; develop communications (written and presented) to support findings

• Assist with compiling metrics

• Provide effective challenge to the business where appropriate  

• Demonstrate problem-solving and analysis skills with attention to detail

 

Basic Qualifications:

• High school diploma, GED, or equivalent certification

• At least 3 years of audit or risk management experience

• At least 1 year of testing or quality assurance experience

 

Preferred Qualifications:

• Bachelor’s Degree in Auditing, Finance, Economics, Planning, Information Systems or Business Administration

• 4+ years of audit or risk management experience

• 1+ years of project or process management experience

• Experience with payment transaction flows (Authorization, Clearing, Settlement, Reconciliation

• Risk Management Certification

• Familiarity with Federal Financial Institutions Examination Council (FFIEC) and The Office of the Comptroller of the Currency (OCC) regulatory requirements as it relates to technology and operational resiliency

• Experience in Microsoft Office or 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.