Description
We are seeking a strategic and 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 will 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.
As part of this horizontal 1st Line risk management function, this associate will also 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.
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.
- 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:
- 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
Salary Information:
- McLean, VA: $96,500 - $110,100 per year
- Richmond, VA: $87,700 - $100,100 per year
Benefits:
- Comprehensive, competitive, and inclusive set of health, financial, and other benefits that support your total well-being