Senior Associate

Senior Associate

The Credit and Financial Risk Management (CFRM) Risk Office is seeking a highly motivated Sr. Associate ready to apply their critical thinking, analytical, risk, communication, and process management skills. In this role, you will contribute to CFRM’s overarching risk management strategy by providing counsel, thought leadership, and driving execution across risk assessments, audits, reporting, issue management, control optimization, and process efficiency initiatives. You will also be responsible for identifying, tracking, and reporting on trends for issues related to CFRM’s governance and oversight processes.

As a key partner, you will work with various leaders across CFRM and the Business Units. Through your work, you will gain a broad understanding of how Capital One manages model, data, and technology risks. You will also gain deeper knowledge in specific areas of CFRM risk management focus, including credit risk, market and liquidity risk, and model risk. At the same time, you will exercise your skills in analytic rigor, problem solving, and strategic thinking. Our ideal candidate will be a self motivated risk professional with excellent analytical, organizational, and communication skills. Our ideal candidate will be a proactive and self-motivated risk professional with excellent analytical, organizational, and communication skills.

Responsibilities:

• Understand CFRM’s strategy and contribute to its evolution over time; understand how CFRM executes its responsibilities and help CFRM effectively communicate those activities;
• Assist in managing engagements, including internal audits (from the side of the Auditee) impacting CFRM;
• Assist in facilitating risk assessments and related activities (Critical Business Process Identification, Process Level Assessments, Risk and Control Self-Assessments, Control Testing, etc.), providing counsel, advice, challenge, and driving outcomes;
• Provide thought leadership and guidance to business partners on implementing control enhancements to elevate risk controls;
• Build an understanding of the changing regulatory environment, analyze business environment trends, and evaluate their impacts to overall Risk Management within CFRM;
• Leverage industry benchmarking, AI-powered tools, and best practices to automate workflows and drive continuous process improvements across Business as Usual (BAU) operations;
• Analyze data to proactively identify risks, trends, and process management improvements;
• Oversee issue management by monitoring issue remediation, tracking, and closure across CFRM governance processes;
• Effectively collaborate with CFRM Risk Advisors, business stakeholders, and other risk management professionals across all three lines of defense (e.g., Business Risk Office Partners; Audit; Enterprise Risk Management (ERM)) through various risk programs and engagements;
• Assist in execution of special projects and engagements in collaboration with the overall Risk Management Team and Leadership.

Desired Skills:

• Understanding of banking activities and the three lines of defense framework
• Proactive self-starter who anticipates what is coming next to drive both Business As Usual execution and continuous improvements
• Critical and analytical thinker with an aptitude for synthesizing complex issues into a clear and concise summary
• Strong process management and organizational skills with keen attention to detail
• Highly motivated and results-oriented
• Experience using AI-powered tools or automation to drive process efficiencies
• Effective verbal and written communication skills, including the ability to prepare clear presentation materials and provide counsel to business partners
• Independent problem-solver with the 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 confident with diverse thinking
• Knowledge and experience using Google Workspace (e.g., Sheets, Slides, Docs)

This role is designated as a hybrid position. You are expected to adhere to Capital One's hybrid policy regarding required on-site presence at your designated office location.

Basic Qualifications:

• Bachelor’s degree or military experience
• At least 2 years of experience consulting, auditing, or working in the fields of model and data, or risk management

Preferred Qualifications:

• 3+ years experience consulting, auditing, or working in the fields of model and data, or risk management
• 2+ years experience interacting or engaging with internal audit or federal regulators
• Experience in a second-line or oversight role at a financial institution or regulatory agency
• Excellent written and verbal communication and organizational skills

At this time, Capital One will not sponsor a new applicant for employment authorization, or offer any immigration related support for this position (e.g. H1B, F-1 OPT, F-1 STEM OPT, F-1 CPT, J-1, TN, E-3, and O-1, or any other forms of work authorization that require immigration support from an employer).

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: $96,500 - $110,100 for Sr. Risk AssociateRichmond, VA: $87,700 - $100,100 for Sr. Risk Associate

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

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).