Principal Associate, Control Tester

Capital One Canada; Toronto; Hybrid; CAD 80,000 - 100,000; Full time

Job summary

A leading financial institution in Canada is seeking a Principal Associate, Control Tester to conduct control testing and assess the effectiveness of control activities. The ideal candidate will have at least 5 years of experience in compliance monitoring, a strong understanding of regulatory requirements, and the ability to collaborate effectively with business partners. This hybrid role offers a supportive work environment with comprehensive benefits aimed at promoting physical and emotional well-being.

Benefits

Mental health coverage up to $3000

Tuition subsidies up to $5000

Work From Home allowance

Qualifications

• At least 5 years of financial consumer compliance monitoring experience.
• Experience in preparing and writing business documents.
• Familiarity with Canadian regulators (OSFI, OPC, FCAC).

Responsibilities

• Support team testing activities with subject matter expertise.
• Analyze data to identify issues and trends.
• Collaborate with business partners for control testing.

Skills

Financial consumer compliance monitoring

Data analysis

Control testing

Collaboration

Leadership skills

Education

Bachelor’s degree

Tools

SQL

Python

Job description

161 Bay Street (93021), Canada, Toronto, Ontario, Principal Associate, Control Tester

About Capital One Canada.

For 30 years, we’ve been on a mission to change banking for good and build relationships by making credit accessible, simple, intuitive and rewarding. We want to help Canadians succeed with credit, because we believe in people — in our customers, in our associates, and in talent like you!

About the Team

The Capital One Canada Risk Office is responsible for managing and executing risk management activities, such as risk assessment programs, risk event governance, controls governance, and controls testing. The Risk Office Testing Team conducts testing of control activities to assess whether controls are designed and operating effectively.

About the Role

The Testing Team is seeking an experienced Principal Associate who will be responsible for conducting control testing to assess the effectiveness of control activities in accordance with Capital One’s Control Standard and other applicable policies.

The Principal Associate will be required to develop a deep understanding of regulatory requirements, business processes, and Enterprise Risk Standards to effectively conduct control testing. Successful candidates must demonstrate strong critical thinking, judgment, and analysis skills. Additionally, the role requires the ability to collaborate effectively with business partners and communicate findings in a clear and professional manner. The role will also require the ability to support the testing team and control owners by providing subject matter expertise and ongoing insights into improving the control environment in Canada.

Your Responsibilities

• Support team testing activities by providing subject matter expertise on control testing and risk management
• Lead or support the execution of control tests to assess the design and operating effectiveness of control activities
• Collaborate with business partners and review documentation to gather information to perform control testing
• Proactively manage testing activities and schedules to ensure that all activities and reporting are completed within expected timelines
• Analyze data to identify issues and trends across the Canada controls environment
• Execute control testing across a variety of control types, including manual and automated controls where the ability to query data using SQL may be leveraged
• Develop and maintain strong relationships with business and second line partners
• Assist in the creation of reporting to communicate testing results to business partners
• Clearly document and communicate results from control tests for stakeholder review
• Support the development of reports and briefing materials to senior management
• Navigate organization to quickly understand business processes and requirements necessary to complete testing and to develop a deep understanding of how processes evolve to continually meet changing business requirements
• Support strategic risk projects as assigned
• Remain current on risk management trends, best practices, and guidelines issued by applicable regulatory bodies

Basic Qualifications

• At least 5 years of financial consumer compliance monitoring experience, consumer compliance auditing, assessing processes and controls, or in assessing third parties and vendors
• Experience in preparing and writing business documents (i.e., presentations for leadership meetings or forums, briefing memos, and reports)
• Familiarity with applicable Canadian regulators (OSFI, OPC, FCAC) and regulations that apply to a credit card business
• Basic data analysis and scripting experience (i.e., SQL, Python)

Preferred Qualifications

• Bachelor’s degree
• Relevant certification or accreditation in Compliance, Risk Management, Legal, or other related fields
• Working knowledge of cloud data structure (snowflake)
• Experience creating and reviewing test scripts using SQL/Python to test full populations for key attributes
• Working knowledge of French language
• Strong leadership skills and capabilities
• Familiarity of a credit card business, practices, and operations

Working at Capital One.

Enjoy a hybrid work environment, with 3 days in the office. Build a comfortable workspace with our one-time, Work From Home allowance and enjoy our head office located conveniently across the street from Union Station.

Live well—physically, financially and emotionally. Receive support for you and those who are most important to you, with full coverage for spouses, domestic partners, and dependents. With up to $3000 in mental health coverage and up to $5000 in tuition subsidies per year—and much more—you’ll discover that Capital One is committed to helping you live your best life.

We may use your information for automated decision making. We may, for certain purposes, render a decision based exclusively on automated processing of your personal information as a part of the candidate screening process.

Capital One Canada is an equal opportunity employer committed to fostering a diverse and inclusive work environment. We consider all qualified applicants and will meet the needs of those requiring reasonable accommodations.

If you have visited our website in search of information on employment opportunities or to apply for a position, and you require an accommodation, please contact Capital One Recruiting at 1-800-304-9102 or via email at [e-mail]. All information you provide will be kept confidential and will be used only to the extent required to provide needed reasonable accommodations.

For technical support or questions about Capital One's recruiting process, please send an email to [e-mail]

Capital One does not provide, endorse nor guarantee and is not liable for third-party products, services, educational tools or other information available through this site.

Capital One Financial is made up of several different entities. Please note that any position posted in Canada is for Capital One Canada, any position posted in the United Kingdom is for Capital One Europe and any position posted in the Philippines is for Capital One Philippines Service Corp. (COPSSC).