Risk Manager, CAT Testing | Retail Bank

Risk Manager, Cat Testing | Retail Bank

We are looking for a strategic, forward thinking Manager for our Retail Risk Office Control Testing Program, supporting Retail Bank and Premium Products + Shopping business areas. In this role, you will use your strong people leadership, communication, analytical and problem solving skills to help oversee the management of our first line controls program. You'll lead a team of risk management and control assessment professionals accountable for this program.

You will also partner with leaders across the enterprise to ensure alignment with internal policies and testing methodologies. 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 maintain a strong program while effectively managing capacity.

Responsibilities :

The 1st Line Control Testing team supporting the Retail Risk Office mission is a passionate and dynamic team of risk professionals focused on enhancing the risk profile of our Retail Bank, Premium Products and Shopping businesses through execution of mission-critical risk, process, and control programs. As part of a horizontal risk function, this associate will have the unique opportunities to become a subject matter expert in the processes and controls across all business areas within our Retail Banking and Premium Products divisions.

Day-to-day, this associate will be working with a broad range of stakeholders to manage various 1st Line control testing activities as well as provide advice and guidance on various controls related consulting engagements. This could include working with other risk professionals and business leads to define, document, and update control documentation within the relevant systems of records. In addition, this role will be engaged in the interface with our 2nd Line partners to support control validations and documentation reviews. This individual must display strong people leadership skills and be able to motivate a team in delivering flawless execution of control testing and support for our 2nd and 3rd line functions.

As a Risk Manager, you will :

• Oversee rigorous control testing engagements of business processes; collaborate with business and Risk Office partners to assess controls and recommend control improvement as needed
• Contribute to the development of our annual control testing strategy and plan, identifying key areas of focus and resource allocation
• Explore and collaborate with business and Risk Office partners in root cause analysis for ineffective control testing results
• Support our strategy for automating controls, where possible, by implementing full exception / population testing across the control environment
• 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, Exams, and various other processes
• 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
• Possess solid verbal and written communication skills to communicate effectively and present to a range of Risk Office, business and functional stakeholder groups
• Apply sound inquiry and analysis to make recommendations and decisions
• Be intellectually curious to question the obvious, explore options, and develop alternatives

Basic Qualifications :

Preferred Qualifications :

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.

Richmond, VA : $132,800 - $151,600 for Risk Manager

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.

Capital One is an equal opportunity employer (EOE, including disability / vet) committed to non-discrimination in compliance with applicable federal, state, and local laws. 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.