Risk Manager - Network Participant Risk Oversight: Testing & Monitoring at Capital One

Richmond, Virginia, United States

Capital One Logo
Not SpecifiedCompensation
Mid-level (3 to 4 years), Senior (5 to 8 years)Experience Level
Full TimeJob Type
UnknownVisa
Financial Services, Banking, PaymentsIndustries

Requirements

  • Energetic and self-motivated
  • Natural passion for managing risk
  • Excellent project, process, and analytical skills
  • Strong problem-solving and analysis skills with attention to detail
  • Strong communication, collaboration, problem-solving, and influencing skills across various levels of the organization
  • Ability to balance multiple priorities and manage tasks effectively
  • Ability to collaborate effectively with stakeholders across multiple organizations

Responsibilities

  • Support development and execution of the NPRM testing and monitoring strategy
  • Perform testing & monitoring of the first line network participant risk management including detailed data analysis to identify risks, problem areas, and development/completion of remediation plans
  • Help serve as subject matter expert to Business Risk Office (BRO) and Independent Risk Management (IRM) functions in the assessment of operational risk
  • Effectively challenge and provide guidance as a thought leader in implementing Network Participant risk management practices
  • Support management and ownership of related policies and/or standards with regard to the Network Participant Risk Oversight Program
  • Execute challenge activities to provide elevated areas of suspected risk and to gain assurance that risk-taking groups are appropriately representing their control environments
  • Ensure results of challenge activities are properly documented and communicated, and perform and support detailed validation data analysis to include trending, problem identification, and development/completion of remediation plans
  • Consult on Issue/Event analysis and reporting functions to observe trends and provide insights on changes to the Network Participant risk environment
  • Collaborate effectively with stakeholders across multiple organizations to achieve objectives

Skills

Risk Management
Operational Risk
Testing
Monitoring
RCSA
DORR
Project Management
Process Improvement
Analytical Skills
Governance
Oversight
Effective Challenge

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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