Senior Compliance Analyst
EarnestSalary not specified
Full Time
Junior (1 to 2 years)
Principal Associate, Compliance Transaction Tester at Capital One
Richmond, Virginia, United States
Not SpecifiedCompensation
Senior (5 to 8 years)Experience Level
Full TimeJob Type
UnknownVisa
Financial Services, BankingIndustries
Requirements
- High School Diploma, GED or equivalent certification
- At least 3 years of experience in compliance testing, risk management, compliance monitoring, quality assurance, control review or audit
- At least 2 years of Microsoft Office or Google Suite experience
- At least 1 year of experience interacting with senior management or business partners
- Experience implementing technology testing solutions (Robotics Processing Automation, Optical Character Recognition, Natural Language Processing) (ideal)
- Working knowledge of basic statistics (ideal)
- Basic understanding of data schemas or cloud data structure and experience engaging with data analytics teams to help drive innovative testing approaches (ideal)
- Working knowledge of Excel for Analysts, SQL, and cloud data (ideal)
- Experience creating test scripts using SQL, Python to test full populations for key attributes (ideal)
- Bachelor’s degree (preferred)
- 4+ years of financial services consumer compliance monitoring, auditing, risk management or compliance experience (preferred)
- 2+ years of experience analyzing data from various sources and making recommendations based on data (preferred)
- 1+ years scripting experience in Python, SQL (preferred)
- Certified Regulatory Compliance Manager (CRCM) accreditation (preferred)
Responsibilities
- Executing targeted, complex testing for line of business compliance requirements in alignment with team and program methodology
- Demonstrating an understanding of business processes, control frameworks, and related regulatory and compliance standards
- Managing testing schedules to ensure all tasks and reporting are completed within established timeframes and documented within systems of record
- Systematically retaining documents that substantiate test results
- Reviewing tests executed by colleagues for accuracy and adherence to test plan and procedures
- Developing and executing test plans, continually validating and improving existing design while also identifying new opportunities to execute tests in high risk areas
- Requesting and analyzing data; supporting and initiating efforts to improve data sourcing and driving innovation with business partners and IT support teams
- Identifying and contributing to the implementation of new technologies and innovative concepts
- Communicating results to Compliance Officers, Compliance Advisors, Legal, and Business Area Partners
- Demonstrating strong time management, organizational, and prioritization skills; completing multiple concurrent tasks within close deadlines with a high degree of accuracy and detail
- Exhibiting strong problem-solving and conceptual thinking skills
Skills
Key technologies and capabilities for this role
Questions & Answers
Common questions about this position
What are the basic qualifications for this role?
Candidates must have a High School Diploma, GED, or equivalent certification and at least 3 years of experience in compliance testing or risk management.
What skills are ideal for the Principal Associate, Compliance Transaction Tester position?
Ideal candidates have experience implementing technology testing solutions like Robotics Processing Automation, Optical Character Recognition, and Natural Language Processing, working knowledge of Excel, SQL, cloud data, basic statistics, and experience creating test scripts using SQL and Python.
Is this a remote position or does it require office work?
This information is not specified in the job description.
What is the salary or compensation for this role?
This information is not specified in the job description.
What makes a strong candidate for this compliance testing role?
A strong candidate enjoys developing deep regulatory understanding, excels in critical thinking and analysis, works well cross-functionally with strong relationships, has great attention to detail, and possesses excellent verbal and written communication skills.
Capital One
Offers diverse financial products and services
About Capital One
Capital One provides a variety of financial services aimed at making banking accessible and easy for everyone. The company offers products such as credit cards, savings accounts, car loans, and business checking accounts, catering to both individual consumers and small businesses primarily in the United States. Capital One's approach includes user-friendly banking solutions with no fees or minimums for checking accounts, allowing customers to manage their finances more effectively. They generate revenue through interest on loans, credit card fees, and investment banking services. What sets Capital One apart from its competitors is its strong commitment to financial inclusion and literacy, demonstrated through community partnerships and educational initiatives, such as collaborations with Khan Academy. The company's goal is to create a more inclusive financial system and empower customers with the knowledge and tools they need to make informed financial decisions.
McLean, VirginiaHeadquarters
2014Year Founded
$15.9MTotal Funding
IPOCompany Stage
Fintech, Financial ServicesIndustries
10,001+Employees
Benefits
Medical, Dental, & Vision coverage
Onsite Health Centers
Prescription saving with network of local pharmacies
Stock Purchase Plan
Education Assistance
401(k)
Flexible Spending Accounts
Life and Disability insurance
Generous paid time off + corporate & floating holidays
Registered dieticians on site, cooking classes and free virtual fitness classes
Employee Assistance Program
Risks
Increased competition in subscription management tools may dilute Capital One's advantage.
Over-reliance on partnerships could expose Capital One to technological risks.
Departure of key personnel like Joe Rodriguez may affect risk management continuity.
Differentiation
Capital One offers user-friendly banking with no fees or minimums for checking accounts.
The company partners with Khan Academy to provide financial literacy education.
Capital One is the first major U.S. bank to offer subscription management tools.
Upsides
Capital One's mobile app is a model for secure, user-friendly digital banking.
Data sharing with Worldpay enhances payment security and fraud prevention.
Partnerships with fintechs like Minna Technologies improve customer experience.
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