Regulatory Change Counsel - Commercial Risk Office

NYC 299 Park Avenue (22957), United States of America, New York, New York

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.

Regulatory Change Counsel - Commercial Risk Office

The role of a Capital One Commercial Risk Office (CRO) NULAW Manager includes being accountable for the regulatory change intake process for all Commercial Bank lines of business (1st line). CBO receives hundreds of regulatory change notices and advisory communications which may require action on the part of the business. They may address any type of new legal requirements (e.g., Federal and State laws, SROs and governmental agencies). Legal sends these clearinghouse announcements that contain regulatory change analysis to Compliance and CBO. CRO must partner with Compliance make determinations as to the applicability of the regulatory change and if action is necessary. The regulatory change manager is responsible for diverse duties related to helping CRO assess and, if necessary, comply with the regulatory changes.

Duties:

  • Monitor new regulatory changes from Legal and Compliance as usual intake or from internal sources
  • Research business procedures and practices by investigating Capital One's policies, procedures, and controls
  • Utilize a number of reporting tools provided by Capital One
  • Assess legal department's clearinghouse document on a specific regulatory change against research on lines of business process/practices
  • Meet with stakeholders from legal, compliance, risk, and the lines of business to design and execute implementation plans for applicable regulatory changes
  • Monitor implementation plans until updates to the lines of business are completed (e.g., control writing, policy drafting, etc.)
  • Determine accurately when issues must be escalated
  • Respond to audit requests
  • Respond to questions from Compliance, Risk and the lines of business regarding required actions in response to a regulatory change
  • Recommend changes to the regulatory change management process to increase accuracy, efficiency, and compliance
  • Management reporting through the "Risk Partners Forum" on a monthly basis


Basic Qualifications:
  • Bachelor's Degree or Military Experience
  • Juris Doctor Degree
  • At least 1 year of experience with a Financial Services firm


Preferred Qualifications:
  • High level of proficiency at Excel, Word, PowerPoint, and Outlook
  • At least 3 years of experience with Financial Services firm
  • At least 3 years of experience with a law firm


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


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