Senior Risk Associate

Senior Risk Associate

The Controls Advisory and Testing (CAT) team supporting the Retail Risk MPG (Monitoring, Process, & Governance) mission is a passionate and dynamic team of risk professionals focused on enhancing the risk profile of our Retail Bank and Premium Products 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 Senior Risk Associate. 

As part of this horizontal 1st Line risk management function, this associate will have the unique opportunity to become a subject matter expert in the processes and controls across specific business areas within our Retail Bank , Premium Products, Capital One Shopping and Enterprise Payments organization. Day-to-day, this associate will be working with business and risk stakeholders to  assess the design and operations of control activities (i.e., 1st Line control testing), perform audit and certain regulatory remediation validations, as well as support  other controls related consultation and improvement initiatives. This could include working with other 1st Line risk management professionals to help define and update control designs within the relevant systems of records.
 

As a Senior Risk Associate, you will:

• Execute rigorous 1st Line control testing of relevant business processes;  collaborate with business Process Owners and Risk Advisors to assess control activities and recommend control enhancements as needed.

• Review and analyze business and certain technology processes to assess the current risk and control environment for potential control updates.

• Review, analyze, develop, and/or execute processes for various functions across the risk office and business areas.

• Engage and advise our business and risk partners on how to design effective controls in our control environment related to business risks in addition to regulatory and internal policy requirements. 

• Identify and assist with remediation of identified gaps in our control environment due to regulatory and internal policy updates.

• Explore and collaborate with business and risk office partners in root cause analysis for ineffective control results.

• Validate the effectiveness of remediation efforts for issues generated from Audits, Regulatory Exams, and various other assessments.

• Apply sound inquiry and analysis to make recommendations and decisions.

• Be intellectually curious to question and effectively challenge, explore options, and develop appropriate alternatives.

• The associate should be able to drive and execute an agenda in an uncertain and fluid environment.

• Successful track record of thriving in a fast paced and dynamic environment.

• Possess strong verbal and written communication skills to communicate effectively with a range of stakeholder groups.

 

Basic Qualifications: 

• Associate’s Degree or Military Experience or at least 1 year of Process Management experience

• At least 1 year of experience in Control Testing or Risk Management
   

Preferred Qualifications: 

• Bachelor's Degree in Science

• 2+ years of experience in Project or Process Management 

• 2+ year of experience in Controls Testing or Risk Management

• 1+ year of experience in Change Management 

• 1+ year of experience supporting, partnering and interacting with internal business clients

Location: 

McLean and Richmond are the preferred locations.  Wilmington will be considered.  Remote working will not be considered.

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: $94,600 - $107,900 for Sr. Risk Associate

 

Richmond, VA: $86,000 - $98,200 for Sr. Risk Associate