Principal Associate, Regulatory Risk and Governance

Principal Associate, Regulatory Risk and Governance

Capital One is one of the fastest growing organizations in the world today. As a Principal Associate, you will apply your risk management and project management skills in our Regulatory Risk and Governance team to support the implementation of risk management tools and frameworks for the organization and manage a sustainable and mature process to identify, assess, mitigate, and monitor risk. Teamwork is at the heart of our innovation and we empower each other to think big. We welcome diverse perspectives and experiences as we reshape the financial industry. You will have a high level of exposure across lines of business to identify and mitigate potential risks to the Company. The successful candidate will be an experienced risk management professional, with strong analytical, planning, strategic thinking, organizational and communication skills.

As a Principal Associate in Capital One’s Enterprise Services Risk Office (ES Risk, first line of defense), you will be on the forefront of enabling our business partners to efficiently and effectively deliver strategic change initiatives while ensuring that risks are appropriately identified and mitigated. Specifically, in this position, you will collaborate closely with associates and senior leaders across all lines of defense, Lines of Business, and other risk management teams to ensure compliance of business processes and controls with new laws and regulations, and maintain ongoing compliance with existing regulations.

The ideal candidate is an analytical thinker that has the ability to manage competing priorities, collaborate with stakeholders at all levels to gain consensus, communicate effectively in a cross-functional organization, facilitate constructive problem-solving to achieve objectives and remove roadblocks, and identify opportunities for automating existing processes. 

Responsibilities:

• Work with other Requirement Change Associates to track, coordinate, and report on a high volume of regulatory and non-regulatory requirement changes.

• Perform independent reviews of requirement applicability and associated controls across ES lines of business (e.g., digital products and services, emerging payments, facilities, procurement, external affairs, Capital One Software, Capital One Ventures, technology, international talent expansion, risk, and brand, collectively called “Business”) to ensure compliance with new and existing regulations.

• Partner and actively participate with the 1st line controls testing team to review business and technology controls during the test of design phase to ensure the controls mitigate the risks of existing requirement applicability.

• Review and analyze impact to requirement risk when business and technology controls are modified or deleted.

• Suggest replacement controls when existing law and regulations do not have a sufficient control suite to mitigate the risks of the requirements.

• Drive implementation of changes in process and controls necessary to ensure compliance with changes in laws and regulations.

• Identify and drive automation of requirement risk and governance processes and reporting to create efficiencies.

• Support and lead cross-functional projects across a variety of strategic initiatives, as requested.

• Prepare monthly and quarterly reporting.

• Develop and enhance documents (such as policies, procedures, templates, and job aids) processes, and tools.

• Use strong verbal and written skills to communicate with key partners in ES Risk, Compliance, and the Business.

Basic Qualifications:

• High School Diploma, GED or Equivalent Certification

• At least 3 years of experience in legal, requirement compliance, audit, or risk

• At least 3 years of experience supporting, partnering, and interacting with internal business clients

• At least 2 years of project or program management experience

Preferred Qualifications:

• Bachelor's Degree or Military Experience

• At least 5 years of experience in legal, requirement compliance, audit, or risk

• At least 2 year experience in data analysis

• At least 3 years of experience in a client consulting role

• Strong communication skills, including an ability to effectively explain legal and compliance requirements to a non-legal audience