Principal Associate, Risk Manager
About The Position
At Capital One, models are the engines that drive our most salient business decisions. Capital One’s Model Risk Office (MROf) governs and maintains these engines to meet regulatory standards by defining the model risk management (MRM) framework and model governance practices for the company. As a Principal Associate, Risk Manager within the Model Risk Office, you will serve as a critical line of defense in ensuring the integrity of the models that power our enterprise. This isn't just about checking boxes; it’s about becoming a subject matter expert in Model Policy and applying high-level judgment to ensure our model inventory remains stable, effective, and compliant. You will sit at the intersection of policy and execution, managing the controls that mitigate risk and performing deep-dive compliance testing to ensure our most complex tools meet rigorous internal standards.
Requirements
- Bachelor’s degree or military experience
- At least 5 years of risk management experience
- At least 2 years of operational or model risk management experience
- At least 3 years of Project Management experience
- At least 2 years of experience supporting, partnering and interacting with internal business clients
- At least 3 years of experience using Microsoft Excel or Google Sheets, with a proficiency in joining disparate data sets to analyze and solve challenges
Nice To Haves
- 3+ years of operational or model risk management experience
- 2+ years of experience within financial services
- At least 2 years of experience working with and applying the standards set forth in supervisory letters guiding model risk management, to include OCC Bulletin 2011-12 and FRB SR 11-7
- Lean, Agile or Six Sigma certification
Responsibilities
- Rigorously execute both key and non-key controls to identify and manage risk within the Model Risk Office.
- Conduct detailed testing of sampled models to verify they meet established policy criteria and regulatory expectations.
- Become a go-to expert on Model Policy, interpreting guidelines to provide clear direction to stakeholders.
- Become a go-to expert on our governance system of record, deep understanding of how policy is supported by the system and assist stakeholders with issues.
- Translate complex testing results into clear, professional business and technical write-ups for leadership.
- Actively identify "the better way"—finding efficiencies in existing workflows and control environments.
Benefits
- Comprehensive, competitive, and inclusive set of health, financial and other benefits that support your total well-being.
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What This Job Offers
Job Type
Full-time
Career Level
Principal
