Sr. Risk Associate, Control Tester | Retail Bank

West Creek 5 (12075), United States of America, Richmond, Virginia
Sr. Risk Associate, Control Tester | Retail Bank
The Controls Advisory and Testing (CAT) team supporting the Retail Risk MPG (Monitoring, Process, & Governance) mission is a passionate and dynamic team of risk professionals focused on enhancing the risk profile of our Retail Bank and Premium Products business through execution of mission-critical risk, process, and control programs.
We are seeking an inquisitive and organized team player to join us as Senior Risk Associate. As part of this horizontal 1st Line risk management function, this associate will 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. Day-to-day, this associate will be working with business and risk stakeholders to consult and execute control validations (i.e., control testing), perform audit remediation validations, as well as participate in other controls related consultation and improvement initiatives. This could include working with other risk management professionals to help define and update control designs within the relevant systems of records.
As a Senior Risk Associate, you will:

• Execute rigorous 1st Line control testing of relevant business processes; collaborate with business Process Owners and Risk Advisors to assess control activities and recommend control enhancements as needed.
• Review, analyze and develop business and certain technology processes to assess the current risk and control environment.
• Review, analyze, develop, and/or execute processes for various functions across the risk office and business areas.
• 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.
• Validate the effectiveness of remediation efforts for issues generated from Audits, Regulatory Exams, and various other assessments.
• Apply sound inquiry and analysis to make recommendations and decisions.
• Be intellectually curious to question and effectively challenge, explore options, and develop appropriate alternatives.
• The associate should be able to drive and execute an agenda in an uncertain and fluid environment.
• Successful track record of thriving in a fast paced and dynamic environment.
• Possess strong verbal and written communication skills to communicate effectively with a range of stakeholder groups.

Basic Qualifications:

• At least 1 year of Process Management experience
• At least 1 year of experience in Control Testing or Risk Management

Preferred Qualifications:

• Bachelor's Degree
• 2+ years of experience in Project or Process Management
• 2+ year of experience in Controls Testing or Risk Management
• 1+ year of experience in Change Management
• 1+ year of experience supporting, partnering and interacting with internal business clients

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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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).