Risk Oversight Manager at Capital One

McLean, Virginia, United States

Capital One Logo
Not SpecifiedCompensation
Senior (5 to 8 years)Experience Level
Full TimeJob Type
UnknownVisa
Financial Services, BankingIndustries

Requirements

  • Bachelor’s Degree or military experience
  • At least 5 years of Risk Management or Financial Services consulting experience
  • Strategy or Risk management experience in a large financial services organization or management consultancy (Preferred)
  • Comprehensive knowledge of the end-to-end risk management lifecycle, risk frameworks, and governance structures (Preferred)
  • Proven ability to distill complex information into a consumable narrative for an executive and Board level audience (Preferred)
  • Proven ability to identify and evaluate risk pathways and devise management strategies (Preferred)
  • Collaborative, team player with the ability to navigate a complex organization and influence outcomes (Preferred)
  • Strong analytical, problem solving and critical thinking skills (Preferred)

Responsibilities

  • Partner with Divisional teams, Corporate Strategy, and Risk Management functions to identify and evaluate strategic risks that may impact achievement of the company's strategy or result from the pursuit of that strategy
  • Provide oversight and effective challenge of Risk ID and other risk assessments to ensure Divisions are appropriately considering the risks from market trends, changes in the competitive environment, and the company's own strategic positioning
  • Provide expert advice on the quantification and qualitative impact of strategic risks on the company’s business model or financial performance
  • Evaluate the adequacy and effectiveness of Division's risk control and mitigation actions, ensuring they are timely, appropriate, and mitigate key failure modes
  • Strengthen governance of strategic risk through enhancing policies, routines, or interaction models
  • Act as a trusted advisor to Business Risk Offices and other stakeholders on the strategic risk implications of internal strategic choices and external trends
  • Draft regular updates to executive management and the Board Risk Committee on changes to the company's strategic risk profile
  • Partner with stakeholders at all levels across the company to manage, inform and influence outcomes

Skills

Risk Oversight
Strategic Risk Identification
Risk Assessment
Risk Mitigation
Governance
Executive Reporting
Stakeholder Advisory
Risk Quantification

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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