Principal Risk Associate - Model Risk Office
- Employer
- Capital One
- Location
- McLean, Virginia
- Closing date
- Aug 24, 2021
View more
- Industry
- Financial Services and Banking
- Function
- Finance
- Hours
- Full Time
Job Details
Principal Risk Associate - Model Risk Office
Capital One's Model Risk Office (MROf) defines model risk management framework, controls, and governance practices for the company. It also maintains the model inventory, executes model risk processes and controls, maintains model policy, and develops and maintains a model governance system of record.
This Principal Risk Associate role is a key performer in the MROf within Enterprise Model Risk Management (EMRM).
Responsibilities:
- Develop and maintain a portfolio of preventative and detective risk controls
- Lead cross functional projects and programs with a variety of internal and external stakeholders
- Support several MROf leaders in their interaction with lines of business modeling and risk management staff to include:
- Meeting facilitation
- Drafting and delivering presentations and communications
- Creating and maintaining dashboards and risk reports
- Monitoring Model Risk metrics and tracking action items to completion
- Tracking and remediation of oversight and audit issues
- Meeting facilitation
- Support various stakeholders to resolve prioritization and/or workload peaks on a risk-based approach
- Identify inefficiencies in existing processes and collaborate to improve
- Apply leadership skills such as communication and change management to help drive key process priorities
- Maintain knowledge of operational procedures and ensure documentation is relevant and updated
- Evaluate regularly the efficiency of business procedures according to organizational objectives and apply improvements
- Work with stakeholders external to the group to problem solve ways to streamline process interactions
- Ensure visibility and transparency to stakeholders to the health of operations, including identification of critical needs/dependencies
The ideal candidate for this position will have a high level of self-awareness, autonomy, and attention to detail. Moreover, the ideal candidate possesses a passion for risk management and project management, with the ability to juggle multiple tasks simultaneously while delivering high quality work products. They also have the tenacity and know-how to make risk management a competitive advantage for Capital One.
Basic Qualifications:
- Bachelor's degree or military experience
- At least 3 years of Financial Services Risk Management experience
- At least 3 years of Project Management experience
- At least 5 years of experience working with internal business clients
Preferred Qualifications:
- 5 years of Project Management experience leading cross functional projects and programs in Risk
- 5 years of Financial Services risk management experience
- Project Management Institute (PMI) or Project Management Professional (PMP) Certification
- 3 years of experience within Model Risk Management
- 1 year of experience working with and applying the standards set forth in supervisory letters guiding model risk management, to include the Office of the Comptroller of the Currency (OCC) Bulletin 2011-12: Sound Practices for Model Risk Management: Supervisory Guidance on Model Risk Management and Federal Reserve Board (FRB) Supervision and Regulatory Letter (SR) 11-7: Guidance on Model Risk Management
- Ability to set direction, manage expectations and lead cross-functional teams
At this time, Capital One will not sponsor a new applicant for employment authorization for this position.
Company
We Don’t Only Think Big Things—At Capital One, We Do Big Things.
You’re dedicated to your career. You deserve professional satisfaction and personal fulfillment. You belong at Capital One.
Here, every day brings another chance to do impactful work that matters: helping millions of customers confidently manage their money, building stronger communities and delivering truly disruptive tech. You’ll give your all alongside some of the brightest, most resilient people in the industry—and in return, you’ll enjoy the growth opportunities, support, flexibility and benefits you need for an exhilarating life both on and off the job.
Be inspired. Be yourself. That’s #LifeAtCapitalOne.
Creating a Culture of Belonging
At Capital One, we value diversity, inclusion and belonging at our core. We’re building a place of belonging—where everyone can feel seen, heard, valued and free to be their authentic selves. We want to be a place of opportunity—where associates from all backgrounds innovate for our customers and communities, and build meaningful, fulfilling careers.
We endeavor to be a welcoming and inspiring place for all. We seek and embrace diversity. And we’re committed to having a diverse and inclusive workforce, focused on increasing the representation of underrepresented groups, strengthening our culture of inclusion and belonging and harnessing our scale to invest in our communities.
We’re focused on three core principles to advance diversity, inclusion and belonging across Capital One:
Create a culture of belonging where everyone can thrive and innovate
Attract and develop talent from all backgrounds and experiences
Ensure our systems and programs promote fairness and equity
Get a career with more at Capital One. Discover it for yourself today.
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, sexual orientation, gender identity, protected veteran status, disability or other protected status.
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