Senior Associate, Commercial Policy & Innovation

Capital One
New York, New York
Sep 23, 2022
Oct 23, 2022
Full Time
NYC 299 Park Avenue (22957), United States of America, New York, New York

Senior Associate, Commercial Policy & Innovation

At Capital One, we're building a leading information-based technology company. Still founder-led by Chairman and Chief Executive Officer Richard Fairbank, Capital One is on a mission to help our customers succeed by bringing ingenuity, simplicity, and humanity to banking. We measure our efforts by the success our customers enjoy and the advocacy they exhibit. We are succeeding because they are succeeding.

Guided by our shared values, we thrive in an environment where collaboration and openness are valued. We believe that innovation is powered by perspective and that teamwork and respect for each other lead to superior results. We elevate each other and obsess about doing the right thing. Our associates serve with humility and a deep respect for their responsibility in helping our customers achieve their goals and realize their dreams. Together, we are on a quest to change banking for good.

Principal Associate, Commercial Policy & Innovation

Capital One's Commercial Policy & Innovation (P&I) Team, housed within the Credit Risk and Analytics (CR&A) Division, is responsible for Risk Governance, Risk Appetite, Credit Risk Policy, and Assurance Exam Management activities for the Commercial Bank.The team's contributionis 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.

The P&I team strives to continuously enhance the Credit policy framework including its underlying policies, approval processes, governance routines and compliance activities and is seeking a Principal Associate level associate with the right skill set and competencies to join the team.

P&I is seeking a Principal Associate with risk management experience. This person will work together with other members of a dynamic team to deliver a meaningful impact for CR&A and the Commercial Bank. This person will partner with associates across the Commercial Banking businesses and play an integral role within the P&I team, supporting efforts to streamline the credit risk policy framework and implement changes that are strategic and transformative for the firm. The role offers opportunity for significant professional growth and exposure across the Commercial Bank including the Business Lines and Risk Organization.

Specific responsibilities include, but are not limited to:

  • Challenging the status quo to improve and enhance credit policy, understanding the objective for each policy matter and impact to business
  • Performing research on regulatory interpretation and leading industry practices relating to commercial lending practices
  • Formulating and implementing solutions, leveraging technology to enhance credit processes
  • Managing the credit authority initiation, review, and approval process, and contributing to efforts to automate the end-to-end process
  • Supporting management of the credit policy lifecycle and communicating changes to stakeholders
  • Drafting materials, developing communications and providing training related to change initiatives
  • Helping facilitate key governance forums where senior credit risk stakeholders review and opine on matters that impact the credit risk profile of the Commercial Bank

The Person

The P&I team plays a key role in the Commercial Risk Management organization, responsible for the credit risk parameters across our commercial businesses. The P&I Associate will help form a common credit culture and therefore, should possess the following core skills:

  • Strategic and analytic orientation
  • Excellent verbal and written communication skills
  • Highly collaborative orientation and strong team player
  • 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
  • Strong attention to detail

Basic Qualifications
  • Bachelor's degree or Military experience
  • At least 2 years of experience in a risk management or policy role

Preferred Qualifications
  • At least 4 years of experience in a credit risk management role in a regulated financial institution

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.

If you have visited our website in search of information on employment opportunities or to apply for a position, and you require an accommodation, please contact Capital One Recruiting at 1-800-304-9102 or via email at . All information you provide will be kept confidential and will be used only to the extent required to provide needed reasonable accommodations.

For technical support or questions about Capital One's recruiting process, please send an email to

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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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