Principal Associate, Compliance Transaction Tester

Capital One•Richmond, VA

13d•$106,700 - $133,900

About The Position

Principal Associate, Compliance Transaction Tester The US Card Compliance team is seeking an experienced Principal Associate who will be responsible for leading and executing risk-based compliance transaction testing under the leadership of a team leader, for the purpose of independently assessing business line adherence to applicable laws, regulations, and guidance. A successful candidate enjoys developing a deep understanding of regulatory requirements, designing and conducting testing, and drawing conclusions based on critical thinking, judgment, and analysis to assess compliance. The role requires the ability to work cross-functionally and develop/maintain strong relationships with partner teams and the ability to work autonomously. In addition, this role requires great attention to detail, excellent verbal and written communication skills, and the ability to succinctly and clearly communicate complex fact patterns to others. Responsibilities will include, but may not be limited to: Executing targeted, complex testing for line of business compliance requirements in alignment with team and program methodology Demonstrating an understanding of business processes, control frameworks, and related regulatory and compliance standards Managing testing schedules to ensure all tasks and reporting are completed within established timeframes and documented within systems of record Systematically retaining documents that substantiate test results Reviewing tests executed by colleagues for accuracy and adherence to test plan and procedures Developing and executing test plans, continually validating and improving existing design while also identifying new opportunities to execute tests in high risk areas Requesting and analyzing data; supporting and initiating efforts to improve data sourcing and driving innovation with business partners and IT support teams Identifying and contributing to the implementation of new technologies and innovative concepts Communicating results to Compliance Officers, Compliance Advisors, Legal, and Business Area Partners Demonstrating strong time management, organizational, and prioritization skills; completing multiple concurrent tasks within close deadlines with a high degree of accuracy and detail Exhibiting strong problem-solving and conceptual thinking skills The ideal candidate would have: Experience implementing technology testing solutions (Robotics Processing Automation, Optical Character Recognition, Natural Language Processing) Working knowledge of basic statistics Basic understanding of data schemas or cloud data structure and experience engaging with data analytics teams to help drive innovative testing approaches Working knowledge of Excel for Analysts, SQL, and cloud data Experience creating test scripts using SQL, Python to test full populations for key attributes

Requirements

High School Diploma, GED or equivalent certification
At least 3 years of experience in compliance testing, risk management, compliance monitoring, quality assurance, control review or audit
At least 2 years of Microsoft Office or Google Suite experience
At least 1 year of experience interacting with senior management or business partners

Nice To Haves

Bachelor’s degree
4+ years of financial services consumer compliance monitoring, auditing, risk management or compliance experience
2+ years of experience analyzing data from various sources and making recommendations based on data
1+ years scripting experience in Python, SQL
Certified Regulatory Compliance Manager (CRCM) accreditation
Experience implementing technology testing solutions (Robotics Processing Automation, Optical Character Recognition, Natural Language Processing)
Working knowledge of basic statistics
Basic understanding of data schemas or cloud data structure and experience engaging with data analytics teams to help drive innovative testing approaches
Working knowledge of Excel for Analysts, SQL, and cloud data
Experience creating test scripts using SQL, Python to test full populations for key attributes

Responsibilities

Executing targeted, complex testing for line of business compliance requirements in alignment with team and program methodology
Demonstrating an understanding of business processes, control frameworks, and related regulatory and compliance standards
Managing testing schedules to ensure all tasks and reporting are completed within established timeframes and documented within systems of record
Systematically retaining documents that substantiate test results
Reviewing tests executed by colleagues for accuracy and adherence to test plan and procedures
Developing and executing test plans, continually validating and improving existing design while also identifying new opportunities to execute tests in high risk areas
Requesting and analyzing data; supporting and initiating efforts to improve data sourcing and driving innovation with business partners and IT support teams
Identifying and contributing to the implementation of new technologies and innovative concepts
Communicating results to Compliance Officers, Compliance Advisors, Legal, and Business Area Partners
Demonstrating strong time management, organizational, and prioritization skills; completing multiple concurrent tasks within close deadlines with a high degree of accuracy and detail
Exhibiting strong problem-solving and conceptual thinking skills