Compliance Tester III, Principal Associate
Capital OneAbout the role
Capital One is a diversified bank that offers a broad array of financial products and services to consumers, small business and commercial clients. Ranked #127 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.
Job Description:
The Compliance Tester III (Principal Associate) performs a key second line of defense role, to help ensure corporate initiatives and departmental processes across all applicable lines of business, specifically within the Capital One Commercial Compliance Testing team are met. The Compliance Tester III will execute risk-based compliance transaction or control testing under the leadership of a team leader, for the purpose of independently validating Capital One activities by determining compliance with applicable laws and regulations related to, but not limited to, the National Futures Association (NFA), Commodities Futures Trade Commission (CFTC), Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA), and Flood Disaster Protection Act (FDPA).
Responsibilities will include:
Under the leadership of a team leader, execute targeted transaction or control testing for applicable regulatory requirements.
Manage testing schedules to ensure all tasks and reporting are completed within established timeframes.
Analyze data from multiple sources and systematically document the work and results.
Support management and review transaction and control tests executed by peers for accuracy and adherence to testing methodology.
Participate in Annual Planning.
Establish and maintain strong relationships with Compliance Advisors and Business areas as needed.
Assist in communicating results to Compliance Officers, Advisors and Business areas, as needed.
Basic Qualifications:
High school diploma, GED, or equivalent certification
At least 3 years of experience testing or monitoring in a compliance department for an institutional broker dealer or a swap dealer, or at least 3 years of experience performing a compliance advisory role, or at least 3 years of experience at a regulator.
Preferred Qualifications:
Bachelor's degree in Auditing, Accounting, Finance, Economics, Information Systems, or Business Administration
4+ years of experience testing or monitoring
4+ years of experience as a compliance advisor in a compliance department for an institutional broker dealer or swap dealer
4+ years of experience with NFA, FINRA SEC or CFTC
Proficient knowledge of swaps (interest rate, or foreign exchange, or commodities), or derivatives or futures
Proficient knowledge of CFTC, NFA, SEC, FINRA, and FDPA regulations.
*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 Compliance Tester III
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, competiti
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