Principal Associate, Finance Risk Management

West Creek 3 (12073), United States of America, Richmond, Virginia

Principal Associate, Finance Risk Management

Capital One is seeking a motivated professional to join the Finance Risk Management (FRM) team as a Principal Associate. As a member of Finance Risk Management, the Principal Associate will play a key role in executing robust and proactive risk management programs, influence risk stakeholders and enable a strong culture of risk management that’s adaptable to a changing environment. 

We are looking for a candidate to support certain  Finance division’s risk management programs.  The Principal Associate will implement and facilitate activities to support adherence with Regulation W, including establishing and maintaining intercompany agreements. In addition, the Principal Associate will manage the regulatory change process and ensure that we have accurate regulatory requirements applicability mapping. This role will also support our Designated Mandate Owner process. Collectively, these programs help to ensure a well-managed operating environment, ensure sustainable compliance  across the division, and support business strategies.

We are seeking a dedicated, disciplined, process and control professional who excels in a team environment and has strong relationship building skills in order to facilitate partnerships with both internal customers, second line partners, and stakeholders. This person needs to have excellent communication, attention to detail, and the ability to adapt to a rapidly changing environment.

Specific responsibilities of this role include, but are not limited to:

• Serve as a key point of contact for the Reg W and intercompany agreements process, including supporting the applicable control frameworks for Finance

• Provide risk-based reporting and other information for a number of executive level committees and department-wide communications

• Interact with business partners in other risk and compliance organizations across the company (including the lines of defense) to support the assessment of Reg W applicability, and ensure appropriate agreements and monitoring are in place to support business strategies

• Serve in an advisory capacity to risk advisors (in the FRM team) and business partners, assisting in execution of intercompany agreements and related control suite work

• Conduct preparation activities and ongoing support for second line reviews, audits, and regulatory exams, as needed

• Partner with functional teams across the business areas to assess the health over key risk processes, compliance requirements, functions and controls

• Identify and drive process improvements within Finance’s operational risk management programs

• Demonstrate exceptional teamwork and customer focus skills   

• Work independently with the ability to prioritize and manage multiple tasks

Basic Qualifications:

• Bachelor's Degree or military experience

• At least 3 years of experience in Financial Services, Audit, Risk Management, or a combination

Preferred Qualifications: 

• Master’s Degree

• At least 5 years in Financial Services within Compliance, Audit, Legal, or Risk Management focus

• Financial Risk Manager (FRM) license or Certified Public Accountant (CPA) license or other certification

• Familiarity with Regulation W

At this time, Capital One will not sponsor a new applicant for employment authorization for this position.

Capital One offers a comprehensive, competitive, and inclusive set of health, financial and other benefits that support your total well-being. Learn more at the Capital One Careers website. Eligibility varies based on full or part-time status, exempt or non-exempt status, and management level.

This role is expected to accept applications for a minimum of 5 business days.

No agencies please. Capital One is an equal opportunity employer committed to diversity and inclusion in the workplace. All qualified applicants will receive consideration for employment without regard to sex (including pregnancy, childbirth or related medical conditions), race, color, age, national origin, religion, disability, genetic information, marital status, sexual orientation, gender identity, gender reassignment, citizenshi