Manager, Policy & Innovation

Capital One
New York, New York
Jun 09, 2022
Jul 08, 2022
Full Time
NYC 299 Park Avenue (22957), United States of America, New York, New York

Manager, Policy & Innovation

Capital One's Policy & Innovation (P&I) Team, housed within the Credit Risk & Analytics (CR&A), Market Liquidity Risk Oversight (MLRO) Division. CR&A is responsible for Risk Governance, Risk Appetite, Credit Risk Policy and Assurance Exam Management activities for the Commercial Bank. Market & Liquidity Risk Oversight (MLRO) is a second line of defense unit that provides independent oversight and challenge to the activities and practices of the company's risk taking and risk mitigating units as they relate to market, liquidity, debt capital markets, and counterparty risk exposures. The team's contribution is critical in providing a foundation for sound credit risk management practices, complying with internal policies and regulations and exhibiting the overall culture of Capital One.

P&I is seeking a Manager level associate with risk management or regulatory experience in one or more of the following areas: commercial credit risk, commercial real estate lending, criticized loan management and market and liquidity risk governance. This person will partner with associates across the Commercial Banking businesses, Enterprise-wide functions and within CR&A, MLRO to enhance risk governance, controls, processes and assurance practices as well as implement changes that are strategic and transformative for the Bank.

P&I is responsible for a broad set of credit risk management activities for the Commercial Bank and within market & liquidity risk policy governance, providing an opportunity for significant professional growth and exposure to senior management. The Individual will be a key teammate with excellent communication and relationship building skills for interactions with cross functional stakeholders.

Specific responsibilities include, but are not limited to:

  • Establishing and maintaining Commercial Credit Risk Policies and Procedures
  • Evaluating the impact of regulatory changes to ensure Commercial Lending policies and procedures are in compliance with regulatory expectations to ensure a sound credit risk management framework.
  • Providing oversight and effective challenge of the Market & Liquidity Risk policies and procedures, including Single Counterparty Credit Limit compliance
  • Influencing stakeholders by communicating the objective for good risk governance practices and its impact to the business
  • Planning and driving structural changes to current processes, procedures, and controls including new products and business
  • Formulating and implementing solutions, leveraging on technology as much as possible
  • Challenging current state to improve and enhance Credit Risk Governance and policies
  • Demonstrating our values of Excellence and Do the Right Thing while supporting our journey to Change Banking for Good

The Person

The P&I Manager will be instrumental in influencing stakeholders in the first and second lines of defense in forming the credit risk parameters across the commercial businesses, ensuring compliance with regulatory requirements. Therefore, the core competencies for the ideal candidate include:
  • Experience in credit and / or market and liquidity risk governance
  • Strategic and analytic orientation - a proven track record of decision making and problem-solving based on available data
  • Excellent verbal and written communication skills, coupled with strategic influencing skills and the ability to drive agreement through intellect, interpersonal and negotiation skill
  • Highly collaborative orientation and strong team player who places the best interests of the organization above personal objectives
  • Ability to establish credibility, trust and support within all levels of the organization
  • Aptitude for synthesizing complex issues into a clear and concise summary
  • Proactive and results-oriented


Basic Qualifications

  • Bachelor's degree or Military experience
  • At least 3 years of experience in Commercial Lending Risk management or Market and Liquidity Risk Governance at a regulated institution.

Preferred Qualifications
  • At least 5 years of experience of commercial lending, underwriting governance working with internal business partners within the financial services industry
  • Experience with one or more of the following : commercial and/ or market risk governance, commercial real estate lending , criticized loan management

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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Capital One Financial is made up of several different entities. Please note that any position posted in Canada is for Capital One Canada, any position posted in the United Kingdom is for Capital One Europe and any position posted in the Philippines is for Capital One Philippines Service Corp. (COPSSC).

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