Senior Associate

Capital One • McLean, VA

1d • $87,700 - $110,100 • Hybrid

About The Position

The Credit and Financial Risk Management (CFRM) Risk Office is seeking a motivated Senior Associate to contribute to CFRM’s risk management strategy through counsel, thought leadership, and execution across risk assessments, audits, reporting, issue management, control optimization, and process efficiency initiatives. The role identifies, tracks, and reports trends related to CFRM governance and oversight processes.

The Senior Associate partners with leaders across CFRM and business units, developing a broad understanding of Capital One’s model, data, and technology risks and deeper knowledge of credit, liquidity, market, capital, and model risk. The role calls for analytical rigor, problem solving, strategic thinking, and strong organizational and communication skills.

This is a hybrid position, subject to Capital One’s hybrid policy for required on-site presence at the designated office location. The position is eligible for performance-based incentive compensation, potentially including cash bonuses and/or long-term incentives.

Requirements

• Bachelor’s degree or military experience.
• At least 2 years of experience consulting, auditing, or working in model and data, or risk management.
• Understanding of banking activities and the three lines of defense framework.
• Strong analytical thinking and the ability to synthesize complex issues into clear, concise summaries.
• Strong process-management and organizational skills, with attention to detail.
• Effective verbal and written communication skills, including preparing presentation materials and providing counsel to business partners.
• Ability to solve problems independently and navigate ambiguity.
• Ability to establish credibility, trust, and support at all organizational levels.
• Knowledge and experience using Google Workspace, such as Sheets, Slides, and Docs.
• Proactive, self-motivated, adaptable, and results-oriented approach.

Nice To Haves

• 3+ years of experience consulting, auditing, or working in model and data, or risk management.
• 2+ years of experience interacting or engaging with internal audit or federal regulators.
• Experience in a second-line or oversight role at a financial institution or regulatory agency.
• Experience using AI-powered tools or automation to drive process efficiencies.
• Excellent written and verbal communication and organizational skills.

Responsibilities

• Understand CFRM’s strategy and contribute to its evolution, including helping communicate how CFRM executes its responsibilities.
• Assist in managing engagements, including internal audits affecting CFRM from the auditee’s perspective.
• Facilitate risk assessments and related activities, including Critical Business Process Identification, Process Level Assessments, Risk and Control Self-Assessments, and Control Testing; provide counsel, advice, and challenge, and drive outcomes.
• Provide thought leadership and guidance to business partners on control enhancements that strengthen risk mitigation.
• Oversee issue management by monitoring remediation, tracking, and closure across CFRM governance processes.
• Use industry benchmarking, AI-powered tools, and best practices to automate workflows and continuously improve business-as-usual operations.
• Analyze data to proactively identify risks, trends, and process-management improvements.
• Build understanding of the changing regulatory environment, analyze business environment trends, and evaluate their impacts on risk management within CFRM.
• Collaborate with CFRM Risk Advisors, business stakeholders, and risk professionals across the three lines of defense, including Business Risk Office Partners, Audit, and Enterprise Risk Management.
• Assist with special projects and engagements in collaboration with the Risk Management Team and Leadership.

Benefits

• Comprehensive, competitive, and inclusive health, financial, and other benefits supporting total well-being.
• Performance-based incentive compensation, which may include cash bonuses and/or long-term incentives.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior