Principal Associate, Automated/Hybrid Control Test Analyst

Capital One
Richmond, Virginia
May 13, 2022
Jun 12, 2022
Full Time
West Creek 8 (12080), United States of America, Richmond, Virginia

Principal Associate, Automated/Hybrid Control Test Analyst

Capital One's Card Risk organization is responsible for core areas that span Strategy, Operations, Technology, Analytics and Risk Management. This organization leads, advises and innovates on top transformational initiatives across the Card business. Specifically, the Process Excellence Team within Card Risk is leading a multi-year transformational Well Managed journey focusing on:

1) Strengthening the Control Ecosystem - working closely with all Card business areas to enable deeper risk mitigation and requirement compliance working closing with all Card business areas to enable better business results through process, risk and control capabilities and insights

2) Enable Ownership & Accountability through Transparency - providing clear, end-to-end "single view of the truth" for leaders to enable sound decision-making

3) Amplify Simplification & Automation - integrating related work to drive more efficiency and effectiveness, while advancing the journey to reduce manual processes and seize the power of data

4) Drive Sustainability - proactively adopting digital solutions and right-sized advisory governance to enable sustainable risk management

The Card Risk Process Excellence Team is currently hiring for several Principal Associates (PA) that will take our Well Managed transformation to the next level in our testing program, furthering the top-notch brand that Card Risk has built. PAs will be responsible for the continuous development and execution of our programs to support second line assessments, OE testing by the lines of business, and Design Effectiveness testing for automated/hybrid/manual controls. As a key member of the Well Managed Program, this role will collaborate with smart and passionate leaders across first and second lines to deliver results that have a direct impact on the company's bottom line.

Core capabilities for this key role include a strong collaborative mindset with significant risk management and testing expertise coupled with a balanced approach to driving effectiveness and efficiency to enhance both business and risk management processes and programs. This role requires a well-rounded and seasoned individual who is comfortable adjusting their approach to meet unique needs across multiple stakeholder groups within a complex organization. Successful candidates will demonstrate a proven track record of controls testing execution and oversight; change resiliency to maintain momentum in a dynamic, fast-paced and complex environment and among competing priorities; and strong partnership and communication skills to engage and influence critical stakeholders.The preferred candidate will have experience working in Compliance and/or Risk Management organizations within a major financial company, with a solid understanding of process management frameworks, risk and control methodology, control testing methodology, and regulatory requirement management and applicability.

Responsibilities of this role include but are not limited to :
  • Leading the design, development and continuous evolution of the Card automated/hybrid controls engagement model methodology for both second line validations as well as OE testing oversight
  • Providing evaluation and training over automated/hybrid controls across Card while ensuring alignment among Card Risk, second line, and other lines of business
  • Familiarity with assessing script/code logic
  • Performing complex review of automated system logics including but not limited to interface, calculation, edit checks, and input/out controls to ensure appropriateness of design and implementation
  • Creating and maintaining adequate testing support documentation such as workpapers, testing reports, etc. to support the result of reviews including the write-up of findings/issues for reporting
  • Cross-functional experience in executing testing for manual control and automated/hybrid controls
  • Performing proper planning to execute the required test steps by established deadlines with minimal supervision
  • Assessing Design Effectiveness of US Card automated/hybrid/operational controls in adherence with enterprise standards and internal requirements for control testing
  • Identifying internal control weaknesses and recommend remediation to strengthen control environment
  • Partnering cross-functionally with program customers and program assessors to provide strategic and tactical thought-partnership to effectively drive and evolve delivery
  • Building relationships and collaborating with key stakeholders
  • Furthering the Well Managed agenda within Card to drive sustainability, amplify simplification & automation, enable ownership & accountability through transparency, and strengthen the control ecosystem

Basic Qualifications :
  • At least a Bachelor's Degree or military experience with at least 2 years of experience in Control Testing or Internal Audit OR at least 5 years of experience in Control Testing or Internal Audit

Preferred Qualifications :
  • Master's or MBA Degree
  • 3+ years of Financial Services industry experience
  • 3+ years of regulatory compliance or credit experience
  • 3+ years of Risk Management experience
  • 4+ years of automated controls testing experience

At this time, Capital One will not sponsor a new applicant for employment authorization for this position.

No agencies please. Capital One is an Equal Opportunity Employer committed to diversity and inclusion in the workplace. All qualified applicants will receive consideration for employment without regard to sex, race, color, age, national origin, religion, physical and mental disability, genetic information, marital status, sexual orientation, gender identity/assignment, citizenship, pregnancy or maternity, protected veteran status, or any other status prohibited by applicable national, federal, state or local law. Capital One promotes a drug-free workplace. Capital One will consider for employment qualified applicants with a criminal history in a manner consistent with the requirements of applicable laws regarding criminal background inquiries, including, to the extent applicable, Article 23-A of the New York Correction Law; San Francisco, California Police Code Article 49, Sections 4901-4920; New York City's Fair Chance Act; Philadelphia's Fair Criminal Records Screening Act; and other applicable federal, state, and local laws and regulations regarding criminal background inquiries.

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