Sr. Risk Associate, Retail Bank Monitoring, Process, & Governance

1 day left

Capital One
Richmond, Virginia, United States
Aug 29, 2023
Sep 28, 2023
Full Time
West Creek 7 (12077), United States of America, Richmond, Virginia

Sr. Risk Associate, Retail Bank Monitoring, Process, & Governance

The team supporting the MPG (Monitoring, Process, & Governance) mission is a passionate and dynamic team of risk professionals focused on enhancing the risk profile of our Retail Bank business through execution of mission-critical risk, process, and control programs. We are seeking an inquisitive and organized team player to join us as a Sr. Risk Associate.

As part of a horizontal function, this associate will have the unique opportunities to become a subject matter expert in the processes and controls across all business areas within our Retail Bank. Day-to-day, this associate will be working with stakeholders to consult and execute control validations (control testing), compliance monitoring, and other process & controls-related consultation and improvement initiatives. This will include working with other risk professionals to define, document, and update control documentation within the relevant systems of records.

As a Sr. Risk Associate, you will:
  • Review, analyze and develop business processes to assess the current risk and control environment
  • Must be able to juggle multiple control tests and other priorities
  • Review, analyze, develop, and/or execute processes for various functions across the risk office and business areas.
  • Perform quality assurance and quality control review assessments on processes, procedures, documentation, and control results.
  • Advise our business partners on how to design and document effective controls in our control environment related to business risks in addition to regulatory and possibly internal policy requirements (i.e. Credit Policy)
  • Apply sound inquiry and analysis to make recommendations and decisions
  • Identify and assist with remediation of identified gaps in our control environment due to regulatory and internal policy updates
  • Validate the effectiveness of remediation efforts for issues generated from Audits, Exams, and various other processes
  • Execute rigorous control testing and compliance monitoring of business processes; collaborate with business Process Owners and Risk Advisors to assess controls and recommend control improvement as needed
  • Work with our partners to evaluate technology related automated controls and annotate script logic to ensure coverage of risk and regulatory requirements.
  • Explore and collaborate with business and risk office partners in root cause analysis for ineffective results
  • Clear results orientation: Display an intense focus on achieving both short and long-term goals
  • Associate should be able to drive and execute an agenda in an uncertain and fluid environment
  • Successful track record of thriving in a fast paced and dynamic environment
  • Possess solid verbal and written communication skills to communicate effectively with a range of stakeholder groups
  • Be intellectually curious to question the obvious, explore options, and develop alternatives

Basic Qualifications:
  • Associate's Degree or Military Experience
  • At least 1 year of Process Management experience
  • At least 1 year of experience in Control Testing or Risk Management

Preferred Qualifications:
  • Bachelor's Degree in Science
  • 2+ years of experience in Project or Process Management
  • 2+ year of experience in Risk Management
  • 1+ year of experience in Change Management
  • 1+ year of experience supporting, partnering and interacting with internal business clients

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

The minimum and maximum full-time annual salaries for this role are listed below, by location. Please note that this salary information is solely for candidates hired to perform work within one of these locations, and refers to the amount Capital One is willing to pay at the time of this posting. Salaries for part-time roles will be prorated based upon the agreed upon number of hours to be regularly worked.

New York City (Hybrid On-Site): $99,500 - $113,600 for Sr. Risk Associate

Candidates hired to work in other locations will be subject to the pay range associated with that location, and the actual annualized salary amount offered to any candidate at the time of hire will be reflected solely in the candidate's offer letter.

This role is also eligible to earn performance based incentive compensation, which may include cash bonus(es) and/or long term incentives (LTI). Incentives could be discretionary or non discretionary depending on the plan.

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.

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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).