Senior Risk Specialist | Retail Bank

About the role

We’re looking for a strategic, forward-thinking Senior Risk Specialist for our Retail Risk Office Control Testing Program, supporting Retail Bank and Premium Products + Shopping business divisions. In this role, you will use your strong communication, analytical, and problem-solving skills to help deliver on our first line controls testing program. You’ll need a well-developed risk and control mindset, strong judgment, and the ability to influence priorities across the Lines of Defense teams to execute on a strong testing program while helping to effectively manage capacity.

Responsibilities

• Collaborate with business Process Owners and Risk Advisors to assess control activities and recommend control enhancements as needed.
• Engage and advise our business and risk partners on how to design effective controls in our control environment related to business risks in addition to regulatory and internal policy requirements.
• Identify and assist with remediation of identified gaps in our control environment due to regulatory and internal policy updates.
• Explore and collaborate with business and risk office partners in root cause analysis for ineffective control results.
• Contribute to reporting necessary to inform the Accountable Executives and other key stakeholders on the status of control suite effectiveness and issue remediation.
• Perform quality reviews and assessments on control testing results.
• Validate the effectiveness of remediation efforts for issues generated from Audits, Regulatory Exams, and various other assessments.
• Engage with our Risk Office and business partners on how to design and document effective controls in our control environment related to business risks in addition to regulatory and internal policy requirements.
• Advise and assist with remediation of identified gaps in our control environment due to regulatory and internal policy updates.

Requirements

• At least 1 year of experience in Control Testing or Risk Management
• At least 1 year of Financial Services, Audit, or Risk Management experience
• At least 1 year of experience supporting, partnering and interacting with internal business clients

Preferred Qualifications

• 2+ years of experience in Project or Process Management
• 2+ years of experience in Controls Testing or Risk Management
• 2+ years of experience supporting, partnering and interacting with internal business clients

Qualifications

• Basic Qualifications: At least 1 year of experience in Control Testing or Risk ManagementAt least 1 year of Financial Services, Audit, or Risk Management experienceAt least 1 year of experience supporting, partnering and interacting with internal business clients
• Preferred Qualifications: 2+ years of experience in Project or Process Management 2+ year of experience in Controls Testing or Risk Management2+ years of experience supporting, partnering and interacting with internal business clients

Benefits

As a Senior Risk Specialist, you will have the unique opportunity to become a subject matter expert in the processes and controls across specific business areas within our Retail Bank, Premium Products, Capital One Shopping and Enterprise Payments organization. This role is also eligible to earn performance-based incentive compensation, which may include cash bonuses and/or long-term incentives (LTI).

Pay

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. McLean, VA: $96,500 - $110,100 for Sr. Risk Associate Richmond, VA: $87,700 - $100,100 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.

Schedule

This role is expected to accept applications for a minimum of 5 business days. No agencies please.