Principal Product Risk Manager

Capital One • Houston, TX

4d • Remote

About The Position

Capital One is seeking an autonomous, action-oriented Principal Product Risk Manager to join our growing internal Risk and Compliance team within Network Operations. This role operates independently from the corporate Risk Office, focusing directly on operational execution, participant monitoring, and regulatory adherence across our network. This is a dynamic, high-impact position ideal for a self-starter who thrives in "grey space." You will help design, build, and enforce monitoring mechanisms for network participants, sponsored entities, and high-brand-risk merchant categories. Whether your background is rooted in operational risk, financial governance, or process and project management, you will play a central role in mitigating risk while establishing repeatable operational controls.

Requirements

• High School Diploma, GED or equivalent certification
• At least 5 years of experience in operational risk, financial processes, compliance or project management

Nice To Haves

• Bachelor's or Master's Degree
• Experience in payment networks, participant monitoring, sponsored participant structures or card and merchant network risk
• Legal training or internal audit experience with a focus on translating governance requirements into operational reality
• Familiarity working alongside data management or analytics teams to build monitoring mechanisms and reporting dashboards
• Experience designing policy, monitoring or enforcement mechanisms for high-risk merchant categories

Responsibilities

• Oversee and enhance frameworks to monitor network participants, sponsored entities, and transaction flows for regulatory adherence and compliance
• Build, refine, and enforce mechanisms to detect, monitor, and mitigate transactions in prohibited or high-risk merchant categories
• Translate high-level risk mandates into practical, day-to-day operational controls, workflows and processes
• Support the oversight of participant complaints and sponsored participant frameworks to ensure financial institution backing and regulatory alignment
• Partner with data experts, internal audit, and legal/risk counterparts to drive task-oriented execution on evolving network mandates
• Provide direction to a small, specialized team, guiding process execution and data-driven risk monitoring without micromanagement

Benefits

• performance based incentive compensation
• cash bonus(es)
• long term incentives (LTI)
• comprehensive, competitive, and inclusive set of health, financial and other benefits that support your total well-being

What This Job Offers

• Job Type: Full-time
• Career Level: Principal
• Education Level: High school or GED