Principal Associate, Third Party Risk Management

Capital One is seeking an energetic, self‑motivated Principal Associate to join the Third Party Risk Management (TPRM) Team within the Operational Risk Management second line of defense. The TPRM team is a dedicated group of professionals whose mission is to provide value‑add, independent stewardship of Capital One’s third‑party management practices, enabling Capital One to manage its Third Party Risk. The Principal Risk role will work in the Assessments and Testing function of third‑party risk management, assessing the risks before goods or services are procured from a third party. The overall TPRM team provides governance structure for TPRM at Capital One, advice and effective challenge in all areas of Third Party Risk Management, and guidance to first‑line business areas and third‑party management on meeting program requirements. As part of the larger Operational Risk Management (ORM) organization, you will work with talented associates to provide oversight and effective challenge to ensure our businesses manage operational risk holistically, protect customers, and deliver superior products. Risk Associates bring a natural passion for managing risk with excellent project, process and analytical skills, serving as change agents to effectively challenge business leaders on high‑profile risk projects and partnering with executives and risk leaders in an open, collaborative environment. Duties and Responsibilities Develop and leverage key relationships with stakeholders to enable collaboration across the enterprise. Support collaborative environments between other risk teams and various partner groups to create an integrated and seamless risk experience for the business. Complete the Assessments and Testing Program to effectively challenge, identify elevated areas of risk, and obtain assurance that risk‑taking groups appropriately represent the risk profile. Ensure results are properly documented and communicated, and perform data analysis to include trending, problem identification, and development/completion of remediation plans. Identify and track challenges and issues to mitigate risk to Capital One, and coordinate with applicable business areas to define/implement remediation activities. Demonstrate strong communication, collaboration, and problem‑solving skills within the team and with other partners. Coordinate work between multiple areas and work on multiple projects simultaneously, leveraging and influencing business partners to drive results. Balance multiple priorities to help drive business value and support team objectives, while managing tasks related to risk‑management initiatives to support the Third Party Risk Management team in a well‑managed capacity. Basic Qualifications Bachelor’s degree or military experience. At least 3 years of experience in Risk Management, Compliance, Procurement, Contracting, or Audit. At least 3 years of experience working with internal business clients. Preferred Qualifications Master’s degree in Finance, Accounting, Audit, or Business Management. Experience in a third‑party risk management role. Industry certifications in Operational Risk Management or Third Party Risk Management. Excellent written and verbal communication abilities. At this time, Capital One will not sponsor a new applicant for employment authorization for this position. McLean, VA: $120,800 - $137,900 for Principal Risk Specialist; Richmond, VA: $109,900 - $125,400 for Principal Risk Specialist; Riverwoods, IL: $109,900 - $125,400 for Principal Risk Specialist. 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. 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 (EOE, including disability/vet) committed to non‑discrimination in compliance with applicable federal, state, and local laws. Capital One promotes a drug‑free workplace and will consider qualified applicants with a criminal history in a manner consistent with applicable laws regarding criminal background inquiries. If you visited our website in search of employment opportunities or to apply for a position and require an accommodation, please contact Capital One Recruiting at View phone number on click.appcast.io or via email at View email address on click.appcast.io. All information you provide will be kept confidential and will be used only to the extent required to provide reasonable accommodations. For technical support or questions about Capital One's recruiting process, please send an email to View email address on click.appcast.io. 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). #J-18808-Ljbffr