# Principal Associate, Plan Management and Governance Compliance

**Company**: Capital One
**Location**: Richmond, VA, VA
**Experience**: senior
**Job type**: full-time
**Salary**: $109,900 - $137,900
**Category**: Human Resources
**Industry**: Finance

**Apply**: https://capitalone.wd12.myworkdayjobs.com/en-US/Capital_One/job/Richmond-VA/Principal-Associate--Plan-Management-and-Governance-Compliance_R1000505-1?utm_source=yubhub.co&utm_medium=jobs_feed&utm_campaign=apply
**Canonical**: https://yubhub.co/jobs/job_e64aafb5-409

## Description

Capital One is looking for a Principal Associate to manage the compliance and governance of its US Health and Welfare plans.

The successful candidate will ensure that the company's benefits follow all applicable laws and plan documents while keeping a forward-looking eye on new legislation.

### Responsibilities

#### Regulatory and Compliance Filings

- Prepare and submit government filings related to Health and Welfare plans, including Form 5500 and Summary Annual Reports.

- Oversee annual nondiscrimination testing to ensure plans do not favour highly compensated employees.

- Review SOC-1 documentation from vendors and ensure compliance with internal processes.

- Maintain a compliance calendar and track filings.

#### Governance & Oversight

- Liaise between Benefits and HR Risk teams on ongoing and new projects.

- Partner with HR Risk on internal audits and assist with external audits.

- Audit third-party administrators and carriers to ensure adherence to plan terms.

- Structure and write plan documentation and notices.

- Participate in the Eligibility Claims Committee.

- Lead HIPAA compliance and breach response protocols.

- Serve as a subject matter expert for General AI reviews.

- Partner on control testing and ensure documentation is up-to-date.

#### Legislative Maintenance & Monitoring

- Monitor emerging legislation and assess impacts on US Health and Welfare plans.

- Propose recommendations and highlight gaps.

- Partner with HR technology and Benefits Operations to implement changes.

#### Issue & Incident Management

- Own issue and incident risk management processes for US Health and Welfare and voluntary benefits.

- Enter incidents into Salesforce and guide team members through resolution.

- Resolve complex associate benefit issues.

### Basic Qualifications

- Bachelor's degree or military experience.

- 3+ years of experience working with Health and Welfare employee benefit plan governance.

### Preferred Qualifications

- MBA or Master's degree.

- Certified Employee Benefit Specialist or Certified Benefits Professional designation.

- 4+ years of experience in Health and Welfare employee benefits for organisations with 10,000+ employees.

- 5+ years of experience with benefits governance practices.

- Solid business acumen, strategic thinking, and problem-solving skills.

### Salary Information

The minimum and maximum full-time annual salaries for this role are:

- McLean, VA: $120,800 - $137,900

- Richmond, VA: $109,900 - $125,400

## Skills

### Required
- ERISA
- CAA
- HIPAA
- MHPAEA
- benefits governance
- compliance

### Nice to have
- MBA
- Certified Employee Benefit Specialist
- Certified Benefits Professional
- benefits governance practices

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Source: [Apply at capitalone.wd12.myworkdayjobs.com](https://capitalone.wd12.myworkdayjobs.com/en-US/Capital_One/job/Richmond-VA/Principal-Associate--Plan-Management-and-Governance-Compliance_R1000505-1?utm_source=yubhub.co&utm_medium=jobs_feed&utm_campaign=apply)