Principal Associate Network Participant Risk Oversight Governance

Principal Associate - Network Participant Risk Oversight Governance

As a Principal Risk Associate at Capital One you will be joining the newly created Network Participant Risk Management (NPRM) Team within the Operational Risk Management second line of defense. The NPRM teams mission is to establish and launch the second line of defense Network Participant Risk Oversight program to enable value-add independent second line of defense challenge and stewardship with regard to the risks Network Participants (e.g. issuers acquirers network alliances etc.) present to the Global Payment Network.

As Principal Risk Associate on the NPRM Team youll be responsible for working with business partners and other second line of defense teams to identify and mitigate potential risks to the Global Payment Network and Capital One. You will provide risk advice and guidance as well as effective challenge to the first line of defense regarding their risk taking decisions and activities. As a Principal Risk Associate you will also support ongoing maintenance of the NPRM Policy & Standard and provide guidance to first line business areas on whether they are meeting Capital Ones program requirements. The overall NPRM team provides not only the governance structure for NPRM at Capital One but also oversight and effective challenge in all areas of Network Participant Risk Management from individual Network Participant situations (e.g. monitoring actions issues and events) to larger bodies of risk that span a business area / division (e.g. Risk Control Self Assessments Process Level Assessments).

As part of the larger Operational Risk Management (ORM) organization you will work with talented associates to provide oversight and effective challenge to ensure that our businesses effectively manage operational risk overall. This includes enabling our organizations to maintain a sustainable and holistic operational risk profile in order to deliver superior products while also protecting our customers. Youll also bring your unique perspective and experiences to help us be rigorous curious and creative.

Principal Risk Associates have a natural passion for managing risk with strong project process and analytical skills. With these skills they serve as change agents to effectively challenge business leaders on our highest profile risk projects. You will partner with key stakeholders in the first and second line to identify potential risks in an open collaborative environment where new ideas and solutions are both welcomed and rewarded.

Specific responsibilities of the NPRM Principal Risk Associate include and are not limited to :

Serve as subject matter expert to Business Risk Office and Independent Risk Management (IRM) functions in the assessment of operational risk

Supports 2nd line effective challenge activities working with key partners on Risk and Control Self Assessments Process Level Assessments Launch initiatives and others

Maintenance of related policies and / or standards with regard to the Network Participant Risk Oversight Program

Analyzes data to proactively identify risks and trends

Provide guidance and support during audits and exams

Ensure results of challenge activities are properly documented and communicated and perform and support detailed validation data analysis to include trending problem identification and development / completion of remediation plans

Consults on Issue / Event analysis and reporting functions to observe trends and provide insights on changes to the Network Participant risk environment

Collaborate effectively across multiple organizations such as Operational Risk Management Risk Oversight Programs Enterprise Risk Management Business Risk Office Internal Audit etc. to achieve objectives

Demonstrates problem-solving and analysis skills with attention to detail

Demonstrates strong communication collaboration and problem solving skills

Balances multiple priorities to help drive business value and support team objectives while managing tasks and activities related to risk management initiatives to support the Network Participant Risk Management team in a well-managed capacity

Assists in the development of risks issues and / or mitigation plans to ensure the business implements needed changes and addresses areas of exposure

Basic Qualifications :

High School Diploma GED or equivalent certification

At least 3 years of risk management experience within the financial services industry

At least 2 years of experience in third party risk or risk governance oversight

Preferred Qualifications :

4 years of risk management compliance or legal oversight experience with a payments network

5 years of Project / Program Management experience leading cross functional programs in Risk

Experience creating presentations with PowerPoint or Google Slides

Risk management certification such as : Certified Third-Party Risk Professional (CTPRP) ABA Operational Risk Management

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.

Riverwoods IL : $106700 - $121700 for Principal Risk Specialist

McLean VA : $117300 - $133900 for Principal Risk Specialist

Richmond VA : $106700 - $121700 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 candidates 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 Citys Fair Chance Act; Philadelphias Fair Criminal Records Screening Act; and other applicable federal state and local laws and regulations regarding criminal background inquiries.

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For technical support or questions about Capital Ones recruiting process please send an email to

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).

Required Experience :

Staff IC

Key Skills

Feed,Fund Management,Apache Tomcat,ABAP,Application Development,Bank Reconciliation

Employment Type : Full-Time

Experience : years

Vacancy : 1

Monthly Salary Salary : 117300 - 133900