Principal Associate - Network Participant Risk Oversight Testing & Monitoring

Overview

Principal Associate - Network Participant Risk Oversight Testing & Monitoring

As a Principal Risk Associate at Capital One, you will join the newly created Network Participant Risk Management (NPRM) Team within the Operational Risk Management second line of defense. The NPRM team’s mission is to establish and launch the second line of defense Network Participant Risk Oversight program to enable value-add, independent second line of defense challenge and stewardship with regard to the risks Network Participants (e.g., issuers, acquirers, network alliances, etc.)

present to the Global Payment Network.

As part of the larger Operational Risk Management (ORM) organization, you will help build and execute the testing and monitoring strategy and support oversight and effective challenge to ensure that our businesses manage operational risk effectively, delivering superior products and services while protecting customers.

• Support development and execution of the NPRM testing and monitoring strategy

• Perform testing and monitoring of the first line network participant risk management, including detailed data analysis to identify risks, problem areas, and development/ completion of remediation plans

• Effectively challenge and provide guidance to implementing Network Participant risk management practices

• Analyze data to proactively identify risks and trends

• Provide guidance and support during audits and exams as needed

• Ensure results of testing and monitoring and challenge activities are documented and communicated; perform and support detailed validation data analysis including trending, problem identification, and remediation efforts

• Consult on Issue/Event analysis and reporting to observe trends and provide insights on changes to the Network Participant risk environment

• Collaborate across Operational Risk Management, Risk Oversight Programs, Enterprise Risk Management, Business Risk Office, Internal Audit, and other groups to achieve objectives

• Demonstrate problem-solving, attention to detail, and strong communication and collaboration skills

• Balance multiple priorities to drive business value and support team objectives while managing risk-related tasks

• Assist in developing risks, issues, and/or mitigation plans to address exposure

• High School Diploma, GED or equivalent certification

• At least 3 years of risk management experience within the financial services industry

• At least 2 years of experience in third party risk, risk governance oversight, testing or monitoring

• 4+ years of risk management, compliance or legal oversight experience with a payments network

• 3+ years of Project/Program Management experience leading cross-functional programs in Risk

• Experience creating presentations with Excel/Google Sheets, PowerPoint/Google Slides

• Risk management certification such as:
  Certified Third-Party Risk Professional (CTPRP), ABA Operational Risk Management

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

The salaries shown below are minimum and maximum full-time annual salaries listed by location for this role. Salaries for part-time roles will be prorated based on hours worked. Locations and ranges include:

• Riverwoods, IL: $109,900 - $125,400 for Principal Risk Specialist

• McLean, VA: $120,800 - $137,900 for Principal Risk Specialist

• Richmond, VA: $109,900 - $125,400 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 offered will be reflected in the offer letter.

This role is also eligible to earn performance-based incentive compensation, which may include cash bonuses and/or long-term incentives. 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. Learn more on the Capital One Careers website. Eligibility varies based on full/part-time status, exempt/non-exempt status, and management level.

Equal Opportunity Employer — Capital One is an equal opportunity employer (EOE, including disability/vet) committed to non-discrimination in accordance with applicable laws. Capital One maintains a drug-free workplace and may consider applicants with criminal histories in accordance with applicable laws and regulations. If you require an accommodation during the recruitment process, contact Capital One Recruiting at or via email at Recruitin

For technical support or questions about Capital One's recruiting process, please contact

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