Compliance Tester III – Retail Bank

Compliance Tester III – Retail Bank

The Compliance Tester III (Principal Associate) performs a key second line of defense role, to help ensure business processes are met across all applicable lines of business, specifically within the Capital One Retail Bank, Premium Products & Experiences (PPX) and Shopping Compliance Testing team. The Compliance Tester III will execute risk-based control reviews under the leadership of a team lead, for the purpose of independently validating business line adherence to applicable Laws including, but not limited to: Regulations CC, D, DD, E, and FCRA. 

As a Compliance Principal Associate, you will execute control reviews based on the line of business, the regulatory risks that business faces, and internal processes. You will collaborate with an experienced and diverse group of Compliance professionals to provide independent testing for the lines of business against Capital One’s risk management framework.

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

• Under the leadership of a team leader, execute targeted, complex control reviews for line of business compliance requirements to effectively challenge business controls in accordance with team, program and enterprise methodologies.

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

• Obtain and analyze test data from multiple sources, following documented test plans, testing protocols, and leveraging job aids as needed.

• Develop innovative ways to approach control reviews.

• Identify and implement new technologies and innovative concepts.

• Demonstrate an understanding of testing methodology, business processes, control frameworks, and related regulatory and compliance requirements.

• Establish and maintain strong relationships with Compliance Advisors, the Risk Office and Business areas.

• Ensure engagement with proper points of contact throughout the testing process.

• Systematically retain documents that substantiate control reviews with a high level of accuracy.

• Review deliverables executed by peers for accuracy and adherence to procedures.

• Submit control review results in the system of record.

• Communicate results to Compliance Officers, Advisors, 1st Line of Defense Testing and Business area, as needed.

• Ability to work cooperatively and effectively with supporting team members to meet departmental goals.

• Maintain strong time management, organizational and prioritization skills; ability to complete multiple concurrent tasks within close deadlines with a high degree of accuracy and detail.

Basic Qualifications:

• High School Diploma, GED or equivalent certification

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

• At least 5 years of experience in Financial Services

Preferred Qualifications:

• Bachelor's degree in Auditing, Accounting,  Finance,  Economics, Information Systems, or Business Administration

• 6+ years of experience in financial services monitoring, auditing, risk management, or compliance experience

• Certified Regulatory Compliance Manager (CRCM) accreditation,  Fair Credit Reporting Act (FCRA) for Data Furnishers, Certified Information Privacy Professional (CIPP), Certified Fraud Examiner (CFE), Certified Anti-Money Laundering Specialist (CAMS)

• Experience analyzing test scripts using SQL/Python to test full populations

• Proficiency with Microsoft Office and Google G-Suite

• Strong communication skills

• Strong problem-solving and conceptual thinking skills

• Knowledge of data analytics, Optical Character Reader, Robotic Process Automation or Artificial Intelligence

• Basic understanding of data schemas or cloud data structure

• Experience with data analytics teams to help drive innovative testing approaches

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