Principal Risk Associate

Overview

Principal Risk Associate

Capital One’s Enterprise Risk Management (ERM) Team has responsibility for helping the overall organization identify, manage, and mitigate key risks that may keep the company from achieving its strategic objectives. The Corporate Policy Office (CPO) is a dedicated group of professionals within ERM, focused on executing second line-of-defense oversight responsibilities by improving governance and quality of policy documents for Capital One. 

The team is seeking a Principal Risk Associate who will contribute to the establishment and execution of a sustainable policy program, including the strategies and processes to govern and improve the quality of policy documents across the Enterprise.  The Principal Risk Associate will partner with stakeholders to develop, implement, and drive adherence to the enterprise policy program. The Principal Risk Associate will build and maintain effective relationships with business partners. 

Success in this position will rely heavily on working well with associates across the Enterprise. This role requires core strengths in Customer Focus, Results Focus, Problem Solving, and Communication. The ideal candidate will have prior experience working with stakeholders, a demonstrated ability to manage processes, and an ability to assess whether processes are well-designed and effective. Further, the ideal candidate will have writing experience (including presentations) and an attention to detail.  A commitment to collaboration and teamwork is required, while having a strong ability to influence with a results-focus.

As a relationship advisor, you are a key partner to the business areas and serve as a liaison between them and the CPO. You will be responsible for maintaining direct relationships with Business Area Contacts (BACs) and policy stakeholders to advise on the creation and management of policies and supporting documents that meet enterprise requirements and help identify issues to be escalated to the appropriate CPO forums. You will serve as the voice of the business area and advocate for the business area’s policy needs. At the same time, a relationship advisor will serve as the CPO’s ambassador to the business areas to keep them abreast of any changes.

Responsibilities

• Contribute to the development and execution of a sustainable policy program to govern and improve the quality of policy documents across the Enterprise

• Engage in the review of policy documents and partner with policy stakeholders to drive consistency and improve content in policy documents

• Conduct effective challenge on policy documents at various stages in the policy management lifecycle

• Conduct adherence monitoring to evaluate adherence to the enterprise policy program and the effectiveness of adherence practices within respective policy documents

• Support analyzing policy management data to identify risks, process improvements, and areas for increased training

• Aid in executing specialized initiatives aimed at evolving and improving the company's policy program

• Write, contribute to, edit, and deliver communications (including presentations) that aid in the design, development, refinement, and usage of risk management functions, practices, and activities

• Develop training and other tools and resources for managing policy documents

• Demonstrate strong business judgment, leadership, and integrity

• Collaborate effectively across multiple stakeholders and organizations such as Operational Risk Management, Compliance, Legal, Technology, Internal Audit, Regulatory Relations, etc.

Basic Qualifications:

• Bachelor’s Degree or military experience

• At least 2 years of audit, quality assurance or risk management experience

• At least 2 years of experience supporting, partnering, and interacting with internal business clients

• At least 1 year of experience in process or project management

Preferred Qualifications :

• 3+ years of audit, quality assurance or risk management experience

• 2+ years project or process or project management experience

• Workiva or Wdesk experience 

• Policy management experience

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

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.

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 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.

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. 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.

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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).