Compliance Manager, Commercial and Counterparty Credit

Job Description

Compliance Manager, Commercial and Counterparty Credit

Capital One’s Governance, Valuations, & Innovation (GV&I) Team is a second line of defense function housed within the Credit Risk & Analytics (CR&A) Division. CR&A is responsible for Risk Governance, Risk Appetite, Credit Risk Policy, and Assurance Exam Management activities for the Commercial Bank. The team’s contribution is critical in providing a foundation for sound risk management practices, complying with internal policies and regulations, and exhibiting the overall culture of Capital One.

Role Description

GV&I is seeking a Manager-level Compliance Advisor with a regulatory / compliance background to perform a key risk management role advising Commercial Bank stakeholders on applicable Commercial Credit and Counterparty Credit policies and regulations. The individual will partner with innovative and passionate stakeholders across all lines of defense to enhance risk governance, controls, processes, and assurance practices, while implementing changes that are strategic and transformative for Capital One.

GV&I is responsible for a broad set of risk management activities for the Commercial Bank and within Commercial Credit and Counterparty Credit risk governance. This opportunity provides for significant professional growth and exposure to senior management. Strong data and analytical skills, attention to detail, and the ability to adapt in a dynamic environment are essential to succeeding in this role.

Specific responsibilities include, but are not limited to :

Serving as the Commercial Credit and Counterparty Credit Compliance Advisor representing the GV&I organization to the business areas, business risk offices, and other independent risk functions

Providing guidance on Commercial Credit and Counterparty Credit policy, including policy adherence

Performing research on regulatory interpretation and leading industry practices relating to commercial lending, including mapping to internal policies

Advising on and maintaining subject matter expertise of regulatory requirements for which GV&I provides oversight (e.g., SR 13-3; SR 11-10)

Managing applicable risk, requirements, and controls which GV&I is responsible for

Providing guidance on applicability of regulatory and policy requirements, including control environments

Presenting thoughtful effective challenge during applicable risk assessments (e.g., Process Level Assessments)

Assessing the impact of new products and / or regulatory changes on business areas and policy

Analyzing credit-related breakdowns for internal policy and / or external regulatory impact, including providing guidance on remediation / recovery plans

Managing the credit policy lifecycle, including drafting policy updates and communicating changes to stakeholders

Supporting ad-hoc initiatives for GV&I frameworks (e.g., Credit Exceptions, Credit Approvals)

Promoting GV&I’s learning and culture by facilitating continuous learning activities and team interactions

Desired Skills :

Self-starter with a background in risk management or compliance

Understanding of Commercial Banking activities and the three lines of defense framework

Ability to organize, prioritize, and manage multiple projects and deliverables

Solid analytical, research, and investigative skills (e.g., researching laws / regulations, internal policies and procedures, etc.)

Strong data and analytical competencies

Effective verbal and written communication skills, including the ability to prepare refined presentation materials

Aptitude for synthesizing complex issues into a clear and concise summary

Keen attention to detail

Proactive and results-oriented

Independent problem-solver with ability to navigate ambiguity

Ability to establish credibility, trust, and support within all levels of the organization

Willing to learn, adapts easily to change, and comfortable challenging the status quo

Knowledge and experience using Google Workspace (e.g., Sheets, Slides, Docs)

Basic Qualifications :

Bachelor’s degree or military experience

At least 5 years of experience in risk management or compliance at a financial institution, consulting firm, or regulatory agency

Preferred Qualifications :

Master's degree in Business Administration, Juris Doctor degree or other Master's degree

7+ years of experience in credit risk management or compliance at a financial institution, consulting firm, or regulatory agency

Familiarity with Commercial Credit and Counterparty Credit policies and regulations

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 : $146,100 - $166,700 for Risk Manager

New York, NY : $159,400 - $181,900 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.

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.

If you have visited our website in search of information on employment opportunities or to apply for a position, and you require an accommodation, please contact Capital One Recruiting at 1-800-304-9102 or via email at RecruitingAccommodation@capitalone.com. All information you provide will be kept confidential and will be used only to the extent required to provide needed reasonable accommodations.

For technical support or questions about Capital One's recruiting process, please send an email to Careers@capitalone.com

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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).