Business Manager - Counterparty Credit Team

Capital One
New York, New York, United States
Aug 31, 2023
Sep 29, 2023
Full Time
NYC 299 Park Avenue (22957), United States of America, New York, New York

Business Manager - Counterparty Credit Team

As a Business Analysis Manager at Capital One, you will apply your strategic and analytical skills to major company challenges. You'll team with world-class professionals to develop and test strategies that ultimately impact the bottom line. And you will do it all in a collaborative environment that values your insight, encourages you to take on new responsibility, promotes continuous learning, and rewards innovation.

As Business Manager on the Commercial Credit Risk & Analytics - Counterparty Credit team, you will serve as a subject matter expert on counterparty credit risk and risk measurement at the level of financial products and operations.
  • Apply subject matter expertise in assessment of key risk drivers for: deposits, securities, loans, and bilateral and cleared derivatives, margining, collateral, and clearing
  • Demonstrate strong general knowledge of:
    • Traded products, including securities, loans, and derivatives
    • Governing legal documents: (ISDAs, MRAs, MSFTAs)
    • Terms and procedures designed to reduce risk within risk scenarios
    • Working in cross-functional teams with exposure to legal, accounting, and economic aspects of risk management
  • Conduct, support, and enhance reporting on counterparty credit risk metrics

General Responsibilities:
  • Credit Risk: Support measurement of counterparty credit exposure
  • Partnership: Work with quantitative analysts, credit officers, technology teams, and other stakeholders to continuously review and enhance exposure methodologies and policy documents
  • Leadership: Represent Counterparty Risk group on regulatory matters as required and serve as liaison with regulatory examiners and internal auditors
  • Strategic leadership: Partner with sales and trading on development and roll-out of counterparty credit exposure framework for new products or structures
  • Establish and support effective challenges in a risk management function
  • Execute: Manage and contribute to firm-wide projects around key counterparty credit exposure metrics and technical enhancements
  • Strong executive communication skills: Demonstrate strong organizational, control, project management, communication, and negotiation skills
  • Articulate and explain technical concepts to non-technical specialists
  • Adapt communication based on context and consistency with firm-wide values
  • Perform both independently and within high-functioning teams, manage multiple priorities, and meet deadlines in a fast-paced and dynamic environment

Basic Qualifications:
  • Bachelor's Degree in any quantitative field (Business, Math, Economics, Finance, Statistics, Science, Engineering)
  • At least 2 years of experience in analysis

Preferred Qualifications:
  • Master's Degree in Business or quantitative field such as Finance, Economics, Physical Sciences, Math, Statistics, Engineering
  • 5+ years of experience in analysis
  • 2+ years of experience in financial services
  • 1+ year of experience in consulting
  • 2+ years of experience in people management
  • At least 3 years of experience in Excel or Google Sheets
  • At least 2 years of experience with Python or R
  • Professional certifications, such as FRM (Financial Risk Manager) or CFA (Chartered Financial Analyst)
  • At least 2 years of experience with third-party data services (e.g. SNL/S&P Market Intelligence, S&P Capital IQ, Bloomberg)
  • Familiarity with risk management principles and methodologies
  • Familiarity with complex financial data, market risk concepts, including market data analysis, stress testing, and scenario analysis
  • Strong written and oral communication skills

Capital One will consider sponsoring a new qualified 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) : $160,200 - $182,800 for Business Manager

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.

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).