Senior Associate

Capital One • McLean, VA

5d • $87,700 - $110,100 • Hybrid

About The Position

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

The position partners with leaders across CFRM and business units. It offers exposure to Capital One’s management of model, data, and technology risks, and to CFRM focus areas including credit risk, market and liquidity risk, and model risk. The role is designated hybrid, with required on-site presence governed by Capital One’s hybrid policy.

The Senior Associate helps manage audit engagements from the auditee perspective, facilitates risk assessments, advises business partners on control enhancements, analyzes regulatory and business trends, and uses benchmarking, AI-powered tools, and best practices to improve workflows. The role also analyzes data to identify risks and process improvements, oversees issue remediation tracking and closure, collaborates with risk stakeholders across the three lines of defense, and supports special projects with the Risk Management Team and leadership.

Requirements

• Bachelor’s degree or military experience.
• At least 2 years of experience consulting, auditing, or working in model and data or risk management fields.
• Understanding of banking activities and the three lines of defense framework.
• Strong critical and analytical thinking, including 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 problem-solve independently and navigate ambiguity.
• Ability to establish credibility, trust, and support across organizational levels.
• Knowledge and experience using Google Workspace, such as Sheets, Slides, and Docs.
• Proactive, self-motivated, adaptable, results-oriented, and willing to learn.

Nice To Haves

• 3 or more years of experience consulting, auditing, or working in model and data or risk management fields.
• 2 or more 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, contribute to its evolution, and help communicate how CFRM executes its responsibilities.
• Assist in managing engagements, including internal audits impacting CFRM from the auditee 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 while driving outcomes.
• Provide thought leadership and guidance to business partners on implementing control enhancements.
• Understand changes in the regulatory environment, analyze business environment trends, and evaluate their impacts on risk management within CFRM.
• 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.
• Oversee issue management by monitoring remediation and tracking issues through closure across CFRM governance processes.
• 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; eligibility varies by employment status and management level.
• 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