Risk Manager - Model Risk

Capital One • McLean, VA

23h

About The Position

At Capital One, models are the engines that drive our most salient business decisions. Capital One’s Model Risk Office (MROf) governs and maintains these engines to meet regulatory standards by defining model risk management (MRM) framework and model governance practices for the company. Capital One’s MROf seeks an exemplary risk manager to play a key role in helping the MROf deliver on its goals. As a Risk Manager at Capital One you will partner with stakeholders across the Lines of Business working with model risk policies, risk assessments, regulations, and processes. Specifically, this role will support the risk oversight program within the Model Risk Office which facilitates the completion of risk assessments and provides subject matter support to various control challenges for model risk controls. The ideal candidate must be able to effectively communicate and influence partners across multiple functional areas and levels of the organization. Strong data and analytical skills, attention to detail, and the ability to adapt in a dynamic environment are essential to succeeding in this role. The role requires a well-rounded individual who is comfortable adjusting their approach to meet unique needs across multiple initiatives within a complex organization.

Requirements

• Proven track record in effective risk management; ability to quickly structure tasks and manage expectations.
• Outstanding influencing skills to drive risk management initiatives and programs.
• Excellent communication and partnership skills essential for interacting with and influencing stakeholders at all levels.
• Clear understanding of model risk management frameworks and experience applying standards like OCC Bulletin 2011-12 and FRB SR 11-7.
• Ability to creatively problem-solve in a fast-paced environment.
• Capable of managing multiple initiatives and responsibilities simultaneously.
• Ability to apply effective judgement, understand risks associated with assessments, and utilize influence to challenge or escalate results
• Bachelor’s degree or military experience
• At least 5 years of risk management experience
• At least 2 years of operational or model risk management experience

Nice To Haves

• 3 + years of operational or model risk management experience
• 3+ years of experience within financial services
• Experience facilitating or conducting risk assessments

Responsibilities

• Manage and execute model risk assessments (RCSA, PLA, Launch, etc.).
• Develop model risk management guidance and support the first line with implementation
• Provide assessment and challenge of business risk assessments at various levels
• Provide subject matter expertise for independent challenge of Model Risk Office controls, advising on focus areas and assessing results.
• Drive projects based on priorities, ensuring scope and timelines are met.
• Identify improvements to streamline risk identification and mitigation.
• Demonstrate excellent communication and partnership skills to manage, inform, and influence stakeholders.
• Partner with other risk management functions to achieve results.
• Support additional risk management controls through management and escalation.
• Partner cross-functionally to achieve control program expectations and risk assessment requirements.
• Draft assessments, data packs, and communications for risk assessment challenge to divisional risk officers, proposing focus areas.
• Build relationships and collaborate across first and second line risk to ensure commitment and control execution.
• Effectively coordinate multiple cross functional processes with enterprise deadlines

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.
• Eligibility varies based on full or part-time status, exempt or non-exempt status, and management level.

What This Job Offers

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