Principal Risk Specialist - Anti-Money Laundering Risk Assessment

Capital One
Richmond, Virginia, United States
Sep 15, 2023
Oct 15, 2023
Full Time
West Creek 3 (12073), United States of America, Richmond, Virginia

Principal Risk Specialist - Anti-Money Laundering Risk Assessment

As a Principal Associate in Capital One's Anti-Money Laundering (AML) Program you'll be challenged by working with business partners to conduct enterprise wide money laundering, sanctions, and fraud risk assessments. Assessments are conducted in accordance with a standardized framework and methodology, the purpose of which is to understand the level of inherent AML, sanctions, and fraud risk exposure associated with Capital One's business segments, assess controls, and ensure residual risk remains within tolerance. Compliance Associates at Capital One provide guidance to key stakeholders to ensure our risk is well managed and our company remains 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.


-Assess the inherent money laundering, sanctions, and fraud risk and controls through the established risk and control framework.

-Support the AML Risk Assessment team's overall project management efforts in execution and planning of all risk assessment activities.

-Analyze insights provided by data analysts to represent the AML inherent risk of Capital One businesses.

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

-Develop, socialize, and present risk assessment results to executive management and other key stakeholders.

-Conduct detailed reviews of high risk areas.

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

-Maintain detailed policies and procedures related to the risk assessment process.

-Continuously improve the framework, methodology, processes and reporting.

-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.

-Ensure identified "recommendations" are tracked until remediated in accordance with corporate compliance standards.

-Routinely communicate and report the state of AML Compliance risk.

-Assist in audits and exams.

Basic Qualifications:

-High School Diploma, GED or equivalent certification

-At least 5 years of experience in compliance, or at least 5 years of experience in legal, or at least 5 years of experience in audit, specific to AML

Preferred Qualifications:

-Bachelor's Degree

-6 years of experience in compliance, or 6 years of experience in legal, or 6 years of experience in audit, specific to AML

-CRCM, ACAMS, CIPP, or CRCM certification

-3 years of Project Management experience

-3 years of Technical Writing experience

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): $118,700 - $135,400 for Principal Risk Specialist

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

Capital One does not provide, endorse nor guarantee and is not liable for third-party products, services, educational tools or other information available through this site.

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).