Principal Associate, Compliance Tester

Principal Associate, Compliance Tester

Capital One is a diversified bank that offers a broad array of financial products and services to consumers, small business and commercial clients. Ranked #91st  on the Fortune 500, Capital One is one of the nation's top 10 banks and has one of the most widely recognized brands in America. We nurture a work environment where people with a variety of thoughts, ideas and backgrounds, guided by our shared Values, come together to make Capital One a great company and a great place to work.

 

This is an exciting job opportunity for a high caliber Tester/Data Analyst to help build a brand new second line testing function in Compliance. Specifically, this function will test various types of computer code that has regulatory risk implications if not developed well, designed with the correct intent, or implemented appropriately. Why are we doing this? Capital One has identified the opportunity to enhance our governance over models and scripts. We are focused on creating a more robust inventory of computer code, assessing the risk of each set of code, and enacting enhanced controls and testing for high risk code. This role is an integral part of our mission and is a unique opportunity to build something new not only for Capital One, but within the financial services industry!!!

The Principal Associate Compliance Code Tester/Data Analyst performs a key second line of defense role, to help ensure models, code and associated processes comply with applicable laws and regulations.  

The Principal Associate Compliance Code Tester/Data Analyst will support lines of business by:

• Testing adherence to business regulatory requirements;

• Testing risk based compliance transactions and control testing;

• Managing compliance to appropriate testing document retention guidelines

 

Responsibilities will include (but may not be limited to):

• Under the leadership of a team leader, executing targeted, complex transaction testing and control testing for line of business compliance requirements in alignment with team, CCR and ICTT methodology and procedures.

• Suggesting changes to testing and performing high risk testing as needed.

• Developing test plans, while continually validating and improving test design.

• Managing testing schedules to ensure all tasks and reporting are completed within established timeframes.

• Obtaining and analyzing test data from multiple sources and systemically documenting the work and results by following documented test plans, testing protocols and leveraging job aids as needed.

• Supporting and initiating efforts to improve data sourcing and partnering with business and IT areas to develop improved data sources.

• Reviewing transaction and control tests executed by peers for accuracy and adherence to test procedures

• Submitting test results in the system of record.

• Systematically retain documents that substantiate test results.

• Establishing and maintaining strong relationships with Compliance Advisors and Business Areas.

• Supporting Compliance audit and exams as needed.

• Exercise professional skepticism and judgement

 

Basic Qualifications:

• High School Diploma, GED or equivalent

• At least 3 years of experience in analysis, audit, compliance, risk management, control or transaction reviews

• At least 2 years of experience working in financial services, Financial Technology or Information Technology 

Preferred Qualifications:

• Bachelor's degree  

• 4+ years of experience in financial services in compliance, risk management, legal or audit.

• 3+ years of experience analyzing data from various sources, drawing data informed conclusions or making data driven recommendations 

• Experience implementing technology testing solutions (Robotics Processing Automation, Optical Character Recognition, Natural Language Processing)

• Working knowledge of basic statistics

• Basic understanding of data schemas or cloud data structure and experience engaging with data analytics teams to help drive innovative testing approaches

• Working knowle