Advisor, Commercial Risk - Insurance Advisory Solutions
Foundation Risk PartnersSalary not specified
Full Time
Junior (1 to 2 years)
Principal Associate - Finance Risk Management at Capital One
McLean, Virginia, United States
Not SpecifiedCompensation
Senior (5 to 8 years)Experience Level
Full TimeJob Type
UnknownVisa
Finance, BankingIndustries
Requirements
- Bachelor's degree or Military experience
- At least 3 years experience in Financial Risk Management, Project Management, Regulatory Compliance, or a combination
- Strong critical thinking and analytical skills
- Proactive problem solver with the ability to operate in white space
- Strong communication and presentation skills with the ability to clearly articulate complex topics both orally and in writing to a wide variety of audiences
- Well-organized, self-starter comfortable functioning autonomously
- Ability to take end-to-end ownership of work streams and ensure timely completion of deliverables
- Ability to leverage subject matter knowledge to synthesize information and influence partners to make grounded, risk-based decisions
Responsibilities
- Support the Financial Planning and Analysis teams/processes as primary Risk Advisor, including risk management activities, analysis, effective challenge, advocacy, and facilitation of regular cadenced touchpoints with team members
- Build and maintain strong relationships with and provide risk guidance to Financial Analysis and Planning business partner teams in Finance and other partner teams
- Collaborate with partner teams on issues and events investigation, root cause analysis, and suggested remediation actions for supported teams/programs, and provide guidance in remediating process breakdowns through problem solving and engaging proper stakeholders
- Assist business partners in preparation for and facilitate the execution of internal audits and regulatory exams, consult on management responses to issues, monitor timeliness of remediation and closure, and influence communication and interaction model with auditors and examiners
- Support the design and implementation of controls to adequately mitigate risks and/or address regulatory requirements
- Support and facilitate Process Level Risk Assessments across business partner teams
- Provide risk advisory support for major projects and initiatives across various FP&A functions and horizontally across Finance
- Partner closely with 1st line business teams (Controller’s organization, Corporate Planning) as well as 2nd line oversight (e.g. Enterprise Risk Management, Operational Risk Management and Corporate Compliance teams) to provide tailored risk support for various initiatives and projects
- Support the Regulatory Change Management process cross-functionally for FP&A, ensuring proper socialization and careful consideration of applicability and potential impacts
- Collaborate with peer Risk Advisors providing risk advisory support to international FP&A functions
- Facilitate collaboration and drive enhanced communication and socialization protocols with SOX risk partners
- Communicate effectively with and provide sufficient awareness and transparency to FP&A and FRM leadership on initiatives and BAU workstreams
- Develop and maintain documentation to include procedures and presentation materials
- Create and maintain formal process documents (e.g., procedures, diagrams/process flows, etc.)
- Collaborate with broader horizontal FRM partner teams to provide risk analysis, insights, and reporting metrics
Skills
Key technologies and capabilities for this role
Questions & Answers
Common questions about this position
What is the employment type for this Principal Associate role?
This is a full-time position.
Is this role remote or does it require office work?
This information is not specified in the job description.
What key skills are required for this Principal Associate position?
The role requires strong critical thinking and analytical skills, proactive problem-solving ability, strong communication and presentation skills, and the capacity to work autonomously as a self-starter taking end-to-end ownership.
What is the company culture like in the Finance Risk Management team?
FRM strives to enable a strong culture of risk management across Finance that is adaptable to a changing environment, with associates acting as engaged and insightful risk management partners.
What makes a strong candidate for this Finance Risk Management role?
Strong candidates demonstrate critical thinking, analytical prowess, proactive problem-solving, excellent communication skills, and the ability to work autonomously while owning work streams and influencing partners with risk-based decisions.
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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