Principal Risk Specialist - Underwriting QA

Capital One • Plano, TX

12d • Hybrid

About The Position

Principal Risk Specialist - Underwriting QA Small businesses are the backbone of America and a vital part of the economy as a whole. Their success is essential to economic growth and prosperity. We believe that confidence is the best business plan. Within Capital One’s Small Business Bank (SBB) division, we’ve helped over hundreds of thousands of business owners secure their finances, streamline their cash flow and save time on banking. This is supported by our mission to help small businesses succeed. Our clients aren’t just our clients—they’re our business partners. Principal Risk Specialists at Capital One are highly motivated Risk Management professionals with excellent organizational and communication skills. They have a high level of exposure across lines of business and have the opportunity to create and implement innovative solutions to identify and mitigate potential risks to the company.

Requirements

• At least 3 years of experience in credit administration, loan underwriting, credit review, commercial lending or a combination

Nice To Haves

• Bachelor's Degree or Military experience
• Completion of a formal credit training or credit underwriting program
• At least 2 years of Financial Services Risk Management experience

Responsibilities

• Conduct reviews and testing procedures to determine compliance with Underwriting policies, procedures, and controls on new loan requests, renewals, annual reviews, interim reviews, modifications, and WAC reviews
• Communicate review findings to appropriate parties and recommend corrective action plans to control defects’ occurrence
• Analyze trends, identify control gaps, and recommend routine and non-routine solutions for process changes
• Complete process steps to adequately document QA Review performed and to support conclusions reached
• Corrective action - Identify and track events and issues to mitigate risk to Capital One. Coordinate with applicable business areas to define and implement remediation activities
• Carry out duties in compliance with all state and federal regulations and guidelines
• Champion and enhance organizational initiatives by positively influencing and supporting change management as well as departmental and enterprise initiatives
• Ensure that Quality Assurance practices, policies and procedures are updated in a timely manner, maintained online, and reviewed periodically to ensure applicability, accuracy and relevance
• Ensure completion of monthly production requirements within SLA’s
• Risk Consulting to one or more Business Areas relative to their business lines and provide advice and guidance as required
• Is proactive about identifying and delivering improvements in our Small Business credit policy, underwriting, and risk management, and performs special project work as appropriate
• Contributes to department training

Benefits

• 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 .

What This Job Offers

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