Principal Risk Specialist | Retail Bank

Capital One • McLean, VA

114d • $117,300 - $133,900

About The Position

We're looking for a strategic, forward thinking Principal Risk Specialist for our Retail Risk Office Control Testing Program, supporting Retail Bank and Premium Products + Shopping business divisions. In this role, you will use your strong communication, analytical and problem solving skills to help deliver on our first line controls testing program. You'll need a well developed risk and control mindset, strong judgment, and the ability to influence priorities across the Lines of Defense teams to execute on a strong testing program while helping to effectively manage capacity. As part of this horizontal 1st Line risk management function, this associate will also have the unique opportunity to become a subject matter expert in the processes and controls across specific business areas within our Retail Bank, Premium Products, Capital One Shopping and Enterprise Payments organization.

Requirements

• At least 2 years of experience in Control Testing or Risk Management.
• At least 2 years of Financial Services, Audit, or Risk Management experience.
• At least 2 years of experience supporting, partnering and interacting with internal business clients.

Nice To Haves

• 3+ years of experience in Project or Process Management.
• 3+ years of experience in Controls Testing or Risk Management.
• 1+ year of experience in Change Management.
• 3+ years of experience supporting, partnering and interacting with internal business clients.

Responsibilities

• Collaborate with business Process Owners and Risk Advisors to assess control activities and recommend control enhancements as needed.
• Review and analyze complex business and certain technology processes to assess the current risk and control environment for potential control updates.
• Engage and advise our business and risk partners on how to design effective controls in our control environment related to business risks in addition to regulatory and internal policy requirements.
• Identify and assist with remediation of identified gaps in our control environment due to regulatory and internal policy updates.
• Explore and collaborate with business and risk office partners in root cause analysis for ineffective control results.
• Contribute to reporting necessary to inform the Accountable Executives and other key stakeholders on the status of control suite effectiveness and issue remediation.
• Perform quality reviews and assessments on control testing results.
• Validate the effectiveness of remediation efforts for issues generated from Audits, Regulatory Exams, and various other assessments.
• Engage with our Risk Office and business partners on how to design and document effective controls in our control environment related to business risks in addition to regulatory and internal policy requirements.
• Advise and assist with remediation of identified gaps in our control environment due to regulatory and internal policy updates.
• Possess solid verbal and written communication skills to communicate effectively and present to a range of Risk Office, business and functional stakeholder groups.
• Apply sound inquiry and analysis to make recommendations and decisions.
• Be intellectually curious to question the obvious, explore options, and develop alternatives.

Benefits

• Comprehensive health benefits.
• Financial benefits including performance-based incentive compensation.
• Inclusive set of benefits that support total well-being.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Industry: Credit Intermediation and Related Activities