Risk Manager, AML Risk Assessment Team

Capital One
Melville, New York, United States
Jan 14, 2023
Jan 26, 2023
Full Time
1307 Walt Whitman (22600), United States of America, Melville, New York

Risk Manager, AML Risk Assessment Team

Title: Risk Manager, AML Risk Assessment Team

Level: Manager

Job Description

As a Compliance Manager at Capital One you'll be challenged by working with business partners to conduct enterprise wide Money Laundering and Sanctions Risk Assessment (MLRA). The annual risk assessment is conducted in accordance with a standardized framework and methodology, the purpose of which is to assess the internal control environment, understand the level of inherent Anti-Money Laundering (AML) and Sanctions risk exposure associated with Capital One's business segments, and ensure residual risk remains within tolerance. This position will own, develop and provide oversight of the Money Laundering Risk Assessment (MLRA) Risk Calculator and suite of analytical tools used to measure risk. Additionally, this role will drive the data acquisition and consumption strategy of the annual risk assessment in partnership with other data analytics teams throughout AML and the broader the organization. Compliance Managers at Capital One provide guidance to key stakeholders to ensure our risk is well managed and our company remains in compliance, stable, and profitable. They gain a high level of exposure across lines of business and have the opportunity to work with executives, compliance partners, regulators, auditors and other key constituents.

Ideal Candidate brings strengths in the following areas:

- Experience navigating AML regulations and industry trends; and applying these requirements within a risk based and data driven framework

- Mastery of tools which consume large sets of AML risk data

- Demonstration of confidence in presenting analytic results and ability to respond to questions from stakeholders

- Ability to develop and refine MLRA tools, data strategies and best practices within scope of the role

- Ability to effectively manage communications to the broader Risk Assessment team and other key stakeholders, including senior management

- Experience managing model-like objects in spreadsheet tools with an abundance of formulas

- Expert level skill set in Excel and/or Google Sheets

- Ability to program complex formulas, pivot tables, and visualization charts/graphs within Google suite of products

- Ability to generate analytic results with a high degree of accuracy and operate independently to develop data strategies and recommendations with very little guidance

- Ability to impact change through thoughtful, insightful, data driven approaches

- Experience managing associates.


- Own the MLRA Risk Calculator and suite of analytical tools used to support the MLRA

- Develop and own the Inherent Risk Metric requirements used to collect AML and Sanctions related data to support the MLRA

- Own the interaction model and foster relationship building and collaboration between the Risk Assessment team and the Modeling Advanced Data Insights team

- Coordinate the independent review and validation of the MLRA Risk Calculator with the Model Risk Office

- Assess the company's collective ability to monitor and control inherent AML and sanctions risk

- Suggest risk mitigation strategies to business areas and other control functions

- Maintain detailed workpapers and supporting documentation related to the risk assessment process

- Continuously improve the framework, methodology, processes and reporting related to MLRA data acquisition and consumption

- Stay abreast of all applicable laws, regulations and emerging risks for consideration in the risk assessment process

- Gain a detailed knowledge of the enterprise customer base, products, services, transactions, geographies, business initiatives, processes, strategies and associated controls

- Routinely communicate and report the state of AML Compliance risk

- Assist in audits and exams

- May also manage other associates

Basic Qualifications:
  • Bachelor's Degree or Military experience
  • At least 5 years of experience in Anti-Money Laundering (AML), or in risk management, or compliance within financial services
  • At least 5 years of experience in Google Sheets, or at least 5 years of experience in Microsoft Excel with a specific focus on Apps Script, Visual Basic for Applications (VBA) and/or Macros
  • At least 3 years of Structured Query Language (SQL) experience

Preferred Qualifications:
  • 7 years of experience in Anti-Money Laundering (AML), or in risk management, or compliance within financial services
  • Association of Certified Anti-Money Laundering Specialist (ACAMS), or Certified Regulatory Compliance Manager (CRCM) certification
  • 7 years of experience in Google Sheets, or 7 years of experience in Microsoft Excel (Specifically, experience with Apps Script, VBA and/or Macros)
  • 7 years of data analytics experience, including intermediate-to-advanced knowledge of SQL
  • Knowledge data visualization tools, such as Tableau

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

Capital One offers a comprehensive, competitive, and inclusive set of health, financial and other benefits that support your total well-being. Learn more at the Capital One Careers website . Eligibility varies based on full or part-time status, exempt or non-exempt status, and management level.

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 RecruitingAccommodation@capitalone.com . 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 Careers@capitalone.com

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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).