Senior Associate, Accounting - Allowance for Credit Losses Governance and Change Management
About The Position
Capital One is seeking to hire a Senior Associate in the Controllers Accounting Department supporting the Allowance Governance and Change Management team within Credit Accounting. This function is primarily responsible for facilitating critical governance and change management activities and delivering on enterprise initiatives for the Allowance for Credit Losses (ACL), which is one of the most complex and material estimates for the Company. Detailed activities and responsibilities include: Coordinate and facilitate governance and change management activities across multiple lines of business, including Credit Risk Management, Finance and Effective Challenge functions, Develop effective cross-functional relationships and understand stakeholder needs to drive an efficient and effective governance process, Provide challenge and oversight of critical assumptions used to inform the Allowance and ensure compliance with Accounting and Regulatory requirements, Contribute to the preparation of key documentation used to socialize Allowance recommendations and results to senior leadership, Prepare impactful analysis on ACL metrics for executive leadership, Support governance process enhancements as needed to appropriately address business and strategy changes, including portfolio and business acquisitions, and enterprise initiatives Lead process improvement initiatives and projects to reduce risk, Execute SOX controls within the ACL process, Support ACL compliance activities for management, internal audit and external audit groups, Support activities conducted throughout the enterprise on behalf of Credit Accounting
Requirements
- Bachelors' degree or military experience
- At least 1 year of experience in accounting, external financial reporting, audit, or finance, or a combination
- At least 1 year of experience with Google Office or Microsoft Office products, or a combination
Nice To Haves
- Certified Public Accountant (CPA) license
- At least 2 years of experience in accounting, external financial reporting, audit, or finance, or a combination
- Experience with Accounting Systems such as Peoplesoft, SAP or Oracle Financials
- Experience with reporting systems such as Onestream, Tableau, Google Data Studio
Responsibilities
- Coordinate and facilitate governance and change management activities across multiple lines of business, including Credit Risk Management, Finance and Effective Challenge functions
- Develop effective cross-functional relationships and understand stakeholder needs to drive an efficient and effective governance process
- Provide challenge and oversight of critical assumptions used to inform the Allowance and ensure compliance with Accounting and Regulatory requirements
- Contribute to the preparation of key documentation used to socialize Allowance recommendations and results to senior leadership
- Prepare impactful analysis on ACL metrics for executive leadership
- Support governance process enhancements as needed to appropriately address business and strategy changes, including portfolio and business acquisitions, and enterprise initiatives
- Lead process improvement initiatives and projects to reduce risk
- Execute SOX controls within the ACL process
- Support ACL compliance activities for management, internal audit and external audit groups
- Support activities conducted throughout the enterprise on behalf of Credit Accounting
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Industry
Credit Intermediation and Related Activities
Number of Employees
5,001-10,000 employees
