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Type of Role: Investments

Experience Level: Analyst/Associate

Location: McLean, Virginia

Salary: $75K - $140K

At Capital One, we are a Top 10 U.S. Bank, with the strength and stability to meet the needs of any business.  Our Commercial Banking group services a $95 billion loan portfolio and more than 6,100 clients. Our Commercial Bank is growing at a dynamic pace and offers a broad array of products and services, including but not limited to: Financing (Commercial Lending, Loan Syndications), Capital Markets (Interest Rate Derivatives, Commodity Derivatives, Foreign Exchange, Structured Products, DCM/ECM, Institutional Sales & Trading, Equity Research, and Mergers & Acquisitions), Treasury Management, and Wealth & Asset Management.  Our services and specialties run the gamut – from Commercial Real Estate to Financial Institutions Group (FIG) to Healthcare to Energy and TMT. Details below.

Senior Risk Associate, Market Risk and Capital

The Liquidity, Market, and Capital Risk Oversight (LMCRO) team is seeking a motivated candidate for a Senior Risk Associate position. LMCRO is a second line of defense Independent Risk Management (IRM) function responsible for oversight of the company’s measurement and management of risks across the crisis continuum, including liquidity risk, market risk-taking and management, capital measurement and management, and recovery and resolution planning.  This includes regulatory stress testing (e.g., CCAR, ILST and other resilience analysis), regulatory requirements (e.g., Basel), overall liquidity, market, and capital risk management frameworks, and regulatory compliance.

In a time of banking industry and macroeconomic uncertainty, coupled with many proposed prudential regulatory changes, this associate will get exposure to a variety of topics and have an opportunity to make an impact in how the firm responds to these challenges in a well managed manner.

The second line of defense is both an expert advisor to the first line and an effective challenger of first line risk activities. The successful candidate will help to influence the company’s approaches and processes for managing capital and liquidity, and will build strong partnerships with the first line of defense teams and other internal independent review and challenge organizations (e.g., Enterprise Risk Management, Model Risk, and Internal Audit). This individual must be able to effectively communicate and influence partners across the company and across multiple levels of the organization.

Risk Associates at Capital One are highly motivated risk and process management professionals with  excellent analytical, organizational, and communication skills. These skills allow the Risk Associate to gain  insights, and act as a change agent to influence their partner organizations.

The ideal candidate will be a highly-motivated risk or process management professional with excellent  process improvement and communication skills. The candidate will be detail-oriented and results focused,  and will have a proven record of problem solving and collaborating with others.

Responsibilities:

  • Serve as the team’s market risk management compliance subject matter expert, owning the relationship with Corporate Compliance, executing against Compliance’s “minimum standards”, and maintaining an understanding of industry best practices, industry/regulatory trends, and supervisory guidance Drive our team’s governance, process, and control assessment program by maintaining our effective challenge framework and engaging with our first line partners to assess their processes and control infrastructure supporting market risk management and other areas of financial risk management
  • Own, maintain, and execute the team’s change management (e.g., new products, treasury new initiatives process, etc.) and issue management framework
  • Identify and govern the risk and control data within our risk data infrastructure which includes:
    • identifying opportunities to further improve or design dashboards, tools, and processes related to data governance;
    • proposing enhancements to ensure our risk and control data quality is well-managed within our applications;
    • facilitating discussions with our stakeholders to improve the overall health of our risk/control environment
  • Design and manage monitoring plans, oversight, and compliance assessments as part of the Company’s overall Risk management framework, ensuring Compliance, Audit and Regulatory requirements are being met
  • Provide support in ensuring LMCRO’s governance frameworks are implemented appropriately, interacting with and influencing a wide range of stakeholder groups
  • Strategically drive consistent approaches across liquidity, market, and capital risk management oversight frameworks
  • Help manage the “in-cycle” CCAR review and challenge process (e.g. evaluating first line documentation against LMCRO’s review and challenge requirements, processing challenges through the system of record, etc.)
  • Lead the creation of various presentation materials for diverse stakeholders and governance committees
  • Actively track regulatory and industry trends and events to evaluate potential blind spots and drive enhancements in the team’s governance frameworks for market, liquidity, and capital risk
  • Help develop communications to senior management, regulators, and auditors
  • Evaluating design and operating effectiveness of controls, writing control assessments, and developing recommendations to partner teams for improving internal controls

The ideal candidate will possess:

  • Strong execution skills with commitment to detail
  • Strong communication skills, both written and verbal
  • Problem solving and innovative thinking skills
  • Ability to collaborate, build positive relationships, and exert influence without direct authority
  • Ability to apply strong judgment in areas of ambiguity
  • Proficiency in evaluating internal controls and internal control frameworks
  • Proficiency in understanding of financial institutions, bank balance sheet and profit and loss, liquidity and capital concepts and their impact on business decision-making and risk management
  • Experience in Finance or Risk Management or similar role at a regulated Financial Institution or Consulting firm
  • Experience with design and implementation of risk governance frameworks

Basic Qualifications: 

  • Bachelor’s Degree or military experience
  • At least 2 years of experience with compliance, governance, or control processes
  • At least 2 years of experience in financial risk management

Preferred Qualifications: 

  • 2+ years of experience with market risk management frameworks
  • 3+ years of experience working with regulatory or corporate governance requirements
  • knowledge of banking industry and regulatory trends
  • Audit or consultant experience within risk advisory, financial services, regulatory, or compliance
  • Experience automating Risk Management or Change Management processes
  • Chartered Financial Analyst (CFA) license, Certified Public Accountant (CPA) license, Certified Internal Auditor (CIA) license, or Financial Risk Management (FRM) license

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

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.

This role is expected to accept applications for a minimum of 5 business days.

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 (including pregnancy, childbirth or related medical conditions), race, color, age, national origin, religion, disability, genetic information, marital status, sexual orientation, gender identity, gender reassignment, citizenship, immigration status, protected veteran status, or any other basis prohibited under applicable 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 RecruitingAccommodation@capitalone.com. 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 Careers@capitalone.com

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).