Director, Payments Network Audit

Capital One • Riverwoods, IL

152d • $239,900 - $328,500 • Hybrid

About The Position

Capital One's Audit function is a dedicated group of professionals focused on delivering top-quality assurance services to the organization's Audit Committee. Audit professionals are experienced, well-trained and credentialed, and operate within a collaborative, agile environment to deliver value-added opinions and recommendations. Audit's vision to provide high value, independent, proactive insights, to innovate with technology, and to be a top-notch talent destination, creates a dynamic and challenging atmosphere for both personal growth and professional opportunity. Inspired by our colleagues, we are risk identifiers, challengers, influencers, and transformational leaders who drive impactful work for the enterprise. We are seeking an energetic, self-motivated Director interested in becoming part of our Audit team, with a specific focus on global payment networks, their associated platforms, technologies, and related operations such as credit/debit processing, authorization, clearing & settlement (covering domestic and international transactions) and digital payments. We are seeking an experienced candidate that has demonstrated knowledge of payment network technology, operations and ecosystem related risks, as well as risk management and regulatory expectations for a large financial institution. This role will be hired as a Capital One associate with a near-term focus on audit execution and delivery for Discover Financial Services as part of our integration effort.

Requirements

• Bachelor's Degree or military experience.
• At least 10 years of experience in internal or external auditing, accounting, financial analysis, information systems, compliance, risk management or a combination within the banking or financial services industry.
• At least 5 years of people management experience.
• At least 3 years of experience managing audit engagements.

Nice To Haves

• Master's Degree in Information Systems, Accounting, Finance, Economics, or Business Administration.
• 5+ years of experience leading audits and performing the auditor-in-charge role.
• 5+ years of experience in the payments network industry including the MANIC (Merchant-Acquirer-Network-Issuer-Customer) model, network participant roles (issuers, acquirers, merchants), PCI standards, and international payment regulations.
• 2+ years of experience with payment technologies such as HPE Nonstop, IBM Mainframe, Mobile Payments, Tokenized services, cloud-based and virtualized environments, Windows and Linux operating environments.
• 2+ years of experience at a leading public accounting or consulting firm, working in a highly regulated environment related to payment network and related technology services, leading people in cross-cultural/international teams or related experience.
• Professional certification such as Certified Information Systems Auditor (CISA), Certified Information Systems Security Professional (CISSP), Certified Information Security Manager (CISM), Certified Public Accountant (CPA) or Certified Internal Auditor (CIA).

Responsibilities

• Develop the strategic coverage approach for the relevant audit universe, including proactive monitoring for changing risks and necessary coverage approach changes.
• Lead continuous monitoring activities and updates to risk assessments, audit universe, and audit plan for relevant entities.
• Establish and maintain good relationships with key business leaders and audit partners.
• Leverage specialized knowledge and skills, providing management with insight into their area of subject-matter focus, building trust and mutual respect.
• Effectively represent internal audit at management meetings, internal forums, regulatory update meetings as well as to external organizations.
• Identify emerging risks and trends in areas of focus related to global payments networks and take opportunities to present them to internal and stakeholder management.
• Direct audits and project audits across the portfolio, including supervising audit teams and engagement managers, and coordinating with support Audit specialist teams.
• Review engagement planning documentation and audit programs to ensure adequate coverage of risk and sufficient rationale for audit scope.
• Maintain close control over budget, schedule and quality.
• Effectively review and compile relevant, material findings and recommendations into readable and concise audit reports.
• Communicate complex results and implications, incorporating different perspectives into deliverables.
• Assess relevance of audit findings, potential exposures, materiality, improving or deteriorating trends, and demonstrate awareness of big picture issues.
• Interpret business priorities, anticipate issues and obstacles, and apply to scope of role.
• Provide timely feedback, on-the-job training and coaching to audit staff and direct reports.
• Help team members grow their careers.
• Maintain an open, inclusive and trusting team environment.
• Participate in due diligence projects on behalf of Audit as well as lead Initial Control Reviews resulting from signed due diligence deals for the business.
• Deliver appropriate, succinct and organized information, tailoring communication style to audience.
• Manage timely and quality delivery of multiple tasks, including audits, projects, issue and regulatory commitment follow up, special assignments, and administrative activities.
• Self-prioritize and independently complete multiple tasks across the team and department.
• Demonstrate the ability to successfully meet deadlines.

Benefits

• Comprehensive, competitive, and inclusive set of health, financial and other benefits that support your total well-being.
• Performance based incentive compensation, which may include cash bonus(es) and/or long term incentives (LTI).

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Industry: Credit Intermediation and Related Activities
• Education Level: Bachelor's degree