Associate- Model Governance (Hybrid)

Center 1 (19052), United States of America, McLean, Virginia
Associate- Model Governance (Hybrid)
The Finance Model and Computation & Automation (CA) Risk Governance group in FRM (Finance Risk Management) is seeking a candidate to work on the management of risks associated with the use of analytic tools (Models, CAs, Scripts, and Impactful Spreadsheets). The candidate will be a member of a team that provides guidance to Risk Advisors (RAs), and provides relevant information to analytic tools' owners in Finance to assist in mitigating the risk associated with the use of analytic tools and their compliance with enterprise policy. The candidate will join the group as an Associate. The candidate will be a part of a team led by a Senior Manager, but will report to the Senior Director of the Corporate Valuations Group (CVG). The candidate is expected to be stationed at the Capital One, McLean, VA office .
The Model and CA Risk Governance Group is charged with the responsibility of ensuring Finance's compliance with enterprise Policy around the creation, deployment and use of analytic tools. Clients of the group include senior management, business heads, regulators, and both internal and external audit. The group works closely with the Model Risk Office (MRO), Computation & Automation Risk Office (CARO), owners and developers of Finance's analytic tools to ensure Finance's compliance to enterprise policies regarding the use of such tools.
Key responsibilities for the position are :

• Assist the team in maintaining the governance structure around Finance Analytic tools, and a strong control framework around the use of such tools.
• Interact with Model Risk Office (MRO) and Computation and Automation Risk Office (CARO) in representing Finance
• Facilitate or assist in meetings between MRO, Model Developers (MD), Model Owners (MO), as well as Finance/CARO meetings as the FRM representative
• Provide guidance to FRM Risk Advisors (RAs)
• Monitor and manage Finance model and CA risk metrics and inventory
• Measure and assess Finance model and CA risks and controls
• Ensure Finance is well managed in the areas of models, CAs, scripts and impactful spreadsheets
• Escalate model, CA, and script compliance issues to manager and senior management, as and when necessary
• Provide support for the review and audit of models, CAs, Scripts and Impactful spreadsheets
• Play a lead role in other ad-hoc projects and/or tasks

Basic Qualifications:

• Bachelor's Degree in economics, engineering, finance, mathematics, statistics,
  information technology or any of the physical or life sciences.

Preferred Qualifications :

• Background in quantitative finance or financial engineering
• Ability to program/code/automate processes (preferably using Python)
• Ability to understand capital markets products, and analyze transactions and process flows
• Excellent written and spoken communication and leadership skills
• Experience with data analysis

At this time, Capital One will not sponsor a new applicant for employment authorization for this position.
This role is hybrid meaning associates typically spend about half their time (2-3 days per week) in-person at one of our offices listed on this job posting. Monday and Fridays are enterprise- wide virtual work days. Tuesday, Wednesday and Thursday are in-person days for associates to spend time together working in our beautifully-designed team areas.
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 committed to diversity and inclusion in the workplace. All qualified applicants will receive consideration for employment without regard to sex (including pregnancy, childbirth or related medical conditions), race, color, age, national origin, religion, disability, genetic information, marital status, sexual orientation, gender identity, gender reassignment, citizenship, immigration status, protected veteran status, or any other basis prohibited under applicable federal, state or local law. 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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