Principal Risk Specialist - CRA Management

Capital One•Richmond, VA

53d

About The Position

Within Capital One, Global Enterprise Affairs (GEA) is an organization dedicated to delivering on Capital One's Mission by strengthening our reputation, deepening our relationships in our communities, managing engagement with the federal bank regulatory agencies, and serving as Capital One's voice in the legislative and political processes at the federal, state and local levels. The GEA organization comprises Community Reinvestment Act (CRA) Strategy & Program Management, Global Policy Affairs Group, Regulatory Relations, Corporate Communications, Community Finance, Community Impact & Investment, and Risk Management, Innovation, Strategy, and Enablement. The CRA Strategy & Program Management (S&PM) team partners with lines of business across the enterprise to sustain Capital One's longstanding Outstanding CRA performance. We maintain high data quality and control standards, and develop and support effective strategies with each applicable business. Most importantly, we manage CRA examinations by showing the bank examiners how Capital One effectively responds to the lending, investment, and service needs of the communities where we do business. We convey Capital One's comprehensive and durable approach to improving the financial well-being of low- and moderate-income people and neighborhoods. The CRA S&PM team is looking for a self-motivated individual to play a critical risk management role on our Data Management, Analysis, Technology and Automation (DATA) team which is responsible for the data management, analysis and regulatory reporting of the CRA and Home Mortgage Disclosure Act (HMDA) data. Specifically, the ideal candidate will monitor and review the completeness of the regulatory data processes, and support their quality assurance in accordance with the team's data compliance and reporting controls.

Requirements

Strong problem-solving, oral and written communication skills
Strong organizational skills and ability to effectively prioritize
Very strong attention to detail with the ability to focus on data and quality control
Demonstrated ability to work independently, perform and influence others in a fast-paced environment
Propensity to identify and assess potential risks in the processes
Experience assisting in updating team policies and standards
Associate's degree or Military experience
At least 1 years of experience in quality assurance or audit roles

Nice To Haves

At least 1 year experience with Google Suite and Microsoft Excel
At least 2 years of experience in governance, risk management or compliance roles
Experience using CRA Wiz software to process and maintain regulatory data

Responsibilities

Support governance, risk and compliance controls management functions
Assist with internal control design, implementation and monitoring
Track execution of risk and controls activities and prepare management reports
Assist with team organization and response to internal audits and regulatory compliance exams
Monitor regulatory data integrity compliance training execution and tools
Manage team's annual job aid and procedure document update exercises
Assist with preparations related to the annual submission of complete and accurate CRA and HMDA Loan Registers to the appropriate regulatory agency

Benefits

This role is also eligible to earn performance based incentive compensation, which may include cash bonus(es) and/or long term incentives (LTI). Incentives could be discretionary or non discretionary depending on the plan.
Capital One offers a comprehensive, competitive, and inclusive set of health, financial and other benefits that support your total well-being. Learn more at the Capital One Careers website. Eligibility varies based on full or part-time status, exempt or non-exempt status, and management level.

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