Principal Risk Associate - Operational Risk Management - Convergence Team

McLean 1 (19050), United States of America, McLean, Virginia

At Capital One, we're building a leading information-based technology company. Still founder-led by Chairman and Chief Executive Officer Richard Fairbank, Capital One is on a mission to help our customers succeed by bringing ingenuity, simplicity, and humanity to banking. We measure our efforts by the success our customers enjoy and the advocacy they exhibit. We are succeeding because they are succeeding.

Guided by our shared values, we thrive in an environment where collaboration and openness are valued. We believe that innovation is powered by perspective and that teamwork and respect for each other lead to superior results. We elevate each other and obsess about doing the right thing. Our associates serve with humility and a deep respect for their responsibility in helping our customers achieve their goals and realize their dreams. Together, we are on a quest to change banking for good.

Principal Risk Associate - Operational Risk Management - Convergence Team

Description:

Manage various components of the Operational Risk Convergence, Science and Insights measurement and management process. Some components include, but not limited to:

  • Integrating different parts of risk management into one streamlined view of risk management
  • Leading the creation of a risk simulation program
  • Assisting with the risk scoring system and various projects
  • Leveraging data and experience correlations to create actionable analytics
  • Lead Line of Business (LoB) discussions of strengthening their business based on risk data and findings.


This role will be a part of the Risk Convergence team that will unify risk and control programs, lead the digital convergence design, and provide increased risk guidance and insights..

Responsibilities:
  • Team Lead for Risk Insights
  • Drive analysis of various data and experience-based correlations between operational risk data, including litigation data and complaints.
  • Lead line of business discussions pertaining to risk insight findings and enhancing the control environment that will strengthen the 1st lines operational effectiveness
  • Lead monitoring of results of 1st line business and report on risk impacts.
  • Partner in Risk Convergence of the Operational Risk Management function. This will include strengthening overall understanding and grounding of Operational risk practices that help our risk programs work together better.
  • Lead (non-technical) platform of loss data, RCSA, SA, ELD, etc. to better work together. This could include creating loss data thresholds of when triggered, may prompt a RCSA revision or action, which would could lead to a new SA workshop being executed.
  • Assist in creation of a Risk Lab, where simulations of changes in risk elements of various business units can be explored.


Basic Qualifications:
  • Bachelor's Degree or Military Experience
  • At least 3 years of Risk or Legal Experience
  • At least 3 years of Experience in Project Management
  • At least 1 year of Experience in Data Analysis


Preferred Qualifications:
  • At least 5 years of Risk or Legal Experience
  • At least 5 years of Project Management Experience
  • At least 2 years of Operational Risk Management Experience
  • Business Process Management Certified


At this time, Capital One will not sponsor a new applicant for employment authorization for this position.


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