Account Manager, Financial Services
CollectorsSalary not specified
Full Time
Mid-level (3 to 4 years)
Not SpecifiedCompensation
Mid-level (3 to 4 years), Senior (5 to 8 years)Experience Level
Full TimeJob Type
UnknownVisa
Financial Services, BankingIndustries
Requirements
- Bachelor's Degree or Military experience
- At least 2 years of experience in Audit OR Accounting OR Finance OR Capital Markets OR Treasury OR a combination
- Preferred: 3+ years of experience in Capital Markets or Capital Markets Compliance
- Preferred: Experience using G-Suite products
- Preferred: Coding experience (Python, SQL, etc.)
- Preferred: Experience demonstrating an understanding of derivatives and mortgage-backed securities
- Preferred: Strong communication and analytical skills
- Preferred: Experience creating presentations and explaining complex information to different audiences
- Risk mindset and experience in Capital Markets Operations, Swap Dealer Requirements, Compliance or Audit
- Highly dependable, intellectually curious and able to handle pressure
Responsibilities
- Manage the calculation, collection and posting of variation and initial margin / independent amount for derivative transactions in the Collateral Management System
- Ensure collateral posted to Capital One by counterparties is maintained in accordance with applicable regulatory requirements and legal agreement terms, including appropriate segregation, if applicable
- Monitor the internal initial margin threshold with each counterparty to ensure we establish swap documentation timely
- Identify margin discrepancies, manage valuation dispute process and related reporting
- Recommend and implement process changes to improve operational efficiency and decrease risks
- Develop and maintain productive relationships with key internal and external partners
- Support all corporate collateral management programs and daily, monthly and quarterly reporting in accordance with internal controls and policies
- Perform reconciliation of collateral custody accounts
- Support Internal/External Audit requests
- Support ad hoc project-related initiatives
Skills
Collateral Management
Derivatives
Variation Margin
Initial Margin
Capital Markets Operations
Swap Dealer Requirements
Regulatory Compliance
Valuation Disputes
Reconciliation
Treasury
Audit
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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