Principal Associate, Third Party Risk Management

Capital One•McLean, VA

21h

About The Position

Capital One is seeking an energetic, self-motivated Principal Associate to join the Third Party Risk Management (TPRM) Team within the Operational Risk Management second line of defense. The TPRM team is a dedicated group of professionals whose mission is to provide value-add, independent stewardship of Capital One’s third party management practices enabling Capital One to manage our Third Party Risk. The Principal Risk role will work as a Risk Advisor in Third Party Risk Management, in an oversight and challenge function to the first line of defense. The overall TRPM team provides not only the governance structure for TPRM at Capital One, but also advice and effective challenge in all areas of Third Party Risk Management. As a Principal Associate, you will also provide guidance to first line business areas and third party management on whether they are meeting Capital One’s program requirements. As part of the larger Operational Risk Management (ORM) organization, you will work with talented associates to provide oversight and effective challenge to ensure that our businesses effectively manage operational risk overall. This includes enabling our organizations to maintain a sustainable and holistic operational risk profile in order to deliver superior products while also protecting our customers. You’ll also bring your unique perspective and experiences to help us be rigorous, curious and creative. Risk Associates have a natural passion for managing risk with excellent project, process and analytical skills. With these skills, they serve as change agents to effectively challenge business leaders on our highest profile risk projects. Risk Associates partner with executives and other risk leaders to identify potential Risks in an open, collaborative environment where new ideas and solutions are both welcomed and rewarded. At Capital One, we’re building a leading information-based technology company. Still founder-led by Chairman and Chief Executive Officer Richard Fairbank, Capital One is on a mission to help our customers succeed by bringing ingenuity, simplicity, and humanity to banking. We measure our efforts by the success our customers enjoy and the advocacy they exhibit.

Requirements

Bachelors Degree or military experience
At least 3 years of experience in Risk Management, Compliance, Procurement, Contracting, or Audit
At least 3 years of experience working with internal business clients

Nice To Haves

Masters Degree in Finance, or Accounting, or Audit, or Business Management
Experience in a third-party risk management role
Industry certifications in Operational Risk Management or Third Party Risk Management
Excellent written and verbal communication abilities

Responsibilities

Develop and leverage key relationships with stakeholders that enable collaboration across the enterprise
Supports collaborative environments between other risk teams and various partner groups to create an integrated and seamless risk experience for the business
Provides risk consulting to multiple Business Areas to effectively challenge, identify elevated areas of risk, and to obtain assurance that risk-taking groups are appropriately representing the risk profile and providing guidance to implementing third party risk management practices
Ensure results are properly documented and communicated, and perform data analysis to include trending, problem identification, and development/completion of remediation plans
Identify and track challenges and issues to mitigate risk to Capital One.
Coordinate with applicable business areas to define/ implement remediation activities
Demonstrate strong communication, collaboration, and problem-solving skills within the team and with other partners.
Coordinating work between multiple areas and working on multiple projects simultaneously; leveraging/influencing business partners to drive results
Balances multiple priorities to help drive business value and support team objectives, while managing tasks and activities related to risk management initiatives to support the Third Party Risk Management team in a well-managed capacity