Manager, Market and Liquidity Risk
We are seeking an experienced and analytical Market Risk Manager to join our team. The ideal candidate will have a strong background in balance sheet management, a deep understanding of interest rate risk management, and proficiency with Quantitative Risk Management (QRM) software or similar Asset and Liability Management (ALM) applications. This role requires excellent communication skills and the ability to collaborate with senior leadership to identify and mitigate market risks.
The Liquidity, Market, and Capital Risk Oversight group oversees Capital One's market risk. We are responsible for challenging our Balance Sheet Management partners, fixed income portfolio managers, Commercial Bank staff, traders, and other lines of business. Our goal is to assist with the effective management of the Company's assets, liabilities, and capital position to help achieve long-term financial objectives and ensure that all regulatory and investor requirements are satisfied. This includes identifying and managing market risks, specifically interest rate, credit, FX, and commodity, that affect or have the potential to affect financial results, balance sheet strength, and investor confidence.
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General Responsibilities
- Develop and implement strategies to mitigate interest rate risk, including balance sheet positioning and hedging strategies
- Conduct scenario analyses and stress testing to evaluate the impact of various interest rate movements to the bank's financial position
- Utilize QRM or similar ALM modeling software to assess and manage the bank's interest rate risk exposure.
- Prepare and present comprehensive risk reports to senior leadership, including the Treasury Strategy Committee and Asset and Liability Committee (ALCO)
- Collaborate with cross-functional teams, including Finance, Risk Management, and Business Units, to ensure alignment on risk management strategies
- Stay informed about market trends and regulatory changes affecting interest rate risk management.
Basic Requirements:
- Bachelor's Degree in Finance, Economics, Accounting, or a related field, or military experience
- At least 6 years of of experience at a large banking institution, with a focus on interest rate risk management or Asset and Liability Management (ALM)
- At least 2 years of experience with Quantitative Risk Management (QRM) or Asset and Liability Management (ALM) modeling software
Preferred Qualifications:
- Advanced degree in Business, Finance, or Economics
- Professional Certifications such as (Chartered Financial Analyst (CFA) and Financial Risk Manager (FRM)
- 8+ years of experience in banking, balance sheet management, or market risk analysis
- Proficiency with Excel handling large data sets and conducting quantitative analysis
- Experience with SQL, Python, Snowflake, C#
- Ability to condense technical subject matter into clear and effective communications to management and peers
- Demonstrated ability to work collaboratively with senior leadership and cross-functional teams
- Knowledge of banking requirements related to interest rate 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.
McLean, VA: $158,400 - $180,800 for Manager, Market and Liquidity Risk
New York, NY: $172,800 - $197,200 for Manager, Market and Liquidity Risk
Richmond, VA: $144,000 - $164,400 for Manager, Market and Liquidity Risk
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).