Principal Risk Specialist | Retail Bank
About The Position
Principal Risk Specialist | Retail Bank 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. Day-to-day, this associate will be working with Business and Risk stakeholders to assess the design and operations of relevant control activities (i.e., 1st Line control testing), perform audit and certain regulatory remediation validations, as well as support other controls related consultation and improvement initiatives. This could include working with other 1st Line risk management professionals to help define and update control designs within the relevant systems of records.
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+ year 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
- 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.
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
No Education Listed
Number of Employees
5,001-10,000 employees
