Principal Associate, Third Party Risk Management

Capital One • McLean, VA

1d

About The Position

Principal Associate, Third Party Risk Management 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 in the Assessments and Testing function of third party risk management, assessing the risks before goods or services are procured from a third party. 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.

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
• Completes the Assessments and Testing Program to effectively challenge, identify elevated areas of risk, and to obtain assurance that risk-taking groups are appropriately representing the risk profile
• 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
• Balance 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

What This Job Offers

• Job Type: Full-time
• Career Level: Principal
• Number of Employees: 5,001-10,000 employees