Business Manager - Operational Risk Capital

Capital One; North Dakota; On-site; USD 150,000 - 190,000; Full time

Job summary

Capital One is seeking a Business Manager - Operational Risk Capital to develop operational risk loss projections for CCAR and allocate capital across lines of business. You will collaborate with Enterprise Risk Management, Finance, Legal and Model Development in a fast-paced, innovative environment that values continuous learning and taking on new responsibilities.

Candidates should have 3+ years of analysis experience and strong data analytics skills (Python, SQL, Tableau, Excel); management

Qualifications

• At least 3 years of professional experience performing analysis.
• Pursuing or holding a master's degree in a relevant field.
• Experience with management consulting is a plus.
• 2+ years in financial services or operational risk context is preferred.
• 2+ years of data analytics tools and BI platforms experience.

Responsibilities

• Lead development of operational risk loss deliverables for CCAR with cross-team collaboration.
• Drive consensus between diverse opinions and objectives from stakeholders.
• Analyze results for consistency and defend findings with data.
• Apply judgment and relationships to support key decisions.
• Manage deliverables in a fast-paced environment and pursue improvements.

Skills

Analytical thinking

Strategic thinking

Leadership

Communication

Education

Master's degree in Business or quantitative field

Tools

Python

SQL

Tableau

Excel

Job description

Business Manager - Operational Risk Capital

The Operational Risk Capital team develops strategies, processes, and analyses to effectively manage operational risk capital needs, and provide key analytical output, to support effective risk management of Capital One’s material operational risks. The team partners closely with Model Development, Internal Loss Data team, Scenario Analysis team, Legal, Finance, and first line and second line risk leaders on risk measurement and risk management.

As a Business Analysis Manager, you will apply your strategic and analytical skills to develop operational risk loss projections for Comprehensive Capital Analysis and Review (CCAR). You will allocate the operational risk capital to lines of business and product lines as their Managerial Capital. You will develop a deep appreciation for the most critical operational risks and the importance of a strong capital management framework which contribute to safeguarding Capital One and the broader banking industry. And you will do it all in a collaborative environment that values your insight, encourages you to take on new responsibility, promotes continuous learning, and rewards innovation.

Specific responsibilities include, but are not limited to:

• Lead the development of operational risk loss deliverables for Comprehensive Capital Analysis and Review (CCAR) by collaborating with various teams (e.g., Modeling, Scenario Analysis, Legal)

• Cut through the gray and drive consensus between competing opinions and objectives from the diverse expertise of stakeholders involved

• Analyze results for consistency and soundness; triangulate defensibility of results using supporting data and analysis from a variety of internal and external sources

• Apply judgment, intuition, and relationships to defend and gain support for key decisions

• Effectively manage deliverables under a fast paced environment. Identify and enable continuous improvements across the team

General Responsibilities:

• Execution: Develop hypotheses, design analyses to test the hypotheses, synthesize the takeaways for leadership, and lead implementation efforts

• Partnership: Work closely with colleagues across Capital One including: Enterprise Risk Management, Operational Risk Management, Finance, Legal, Model Development, and others to achieve our risk measurement agenda

• Strategic & analytic orientation: A proven track record of decision making and problem solving based on analytics. Conceptual thinking skills must be complemented by a strong quantitative orientation

• Strong business judgment, leadership and integrity: He/she should be a tenacious decision maker, able to bring a healthy, aggressive, yet responsible approach to business

• Solid people leadership experience: Ability to build and leverage the capabilities of a high-performing team, as well as business partners across the enterprise. He/she should foster innovation, drive critical decisions, hold business partners accountable, and be able to consistently deliver results

• Strong executive communication skills: Impeccable written and oral communication credentials, coupled with strategic influencing skills and the ability to drive agreement through intellect, interpersonal and negotiation skills

• Clear results orientation: display an intense focus on achieving both short and long term goals. He/she should be able to drive and execute an agenda in an uncertain and fluid environment

• Successful track record of thriving in a fast paced, entrepreneurial and dynamic environment.

• Previous management consulting experience is a plus

BasicQualifications:

• At least 3 years of professional experience performing analysis

• Currently has, or is in the process of obtaining one of the following with an expectation that the required degree will be obtained on or before the scheduled start date:

Preferred Qualifications:

• Master’s Degree in Business or quantitative field such as Finance, Economics, Physical Sciences, Math, Statistics, Engineering

• 2+ year of experience in management consulting

• 5+ years of experience in analysis

• 2+ years of experience in Operational Risk Management or business operations

• 2+ years of experience in financial services

• 2+ years of experience in financial modeling

• 2+ years of experience in project management

• 1+ years of experience in people management

• 2+ years of experience with data analytics tools (e.g., Python, SQL), BI platforms (Tableau), Excel

Capital One will consider sponsoring a new qualified applicant for employment authorization for this position.

The minimum and maximum full-time annual salaries for this role are listed below, by location. Please note that this salary information is solely for candidates hired to perform work within one of these locations, and refers to the amount Capital One is willing to pay at the time of this posting. Salaries for part-time roles will be prorated based upon the agreed upon number of hours to be regularly worked.

McLean, VA: $164,800 - $188,100 for Business Manager

Richmond, VA: $149,800 - $171,000 for Business Manager

Candidates hired to work in other locations will be subject to the pay range associated with that location, and the actual annualized salary amount offered to any candidate at the time of hire will be reflected solely in the candidate’s offer letter.

This role is also eligible to earn performance based incentive compensation, which may include cash bonus(es) and/or long term incentives (LTI). Incentives could be discretionary or non discretionary depending on the plan.

Capital One offers a comprehensive, competitive, and inclusive set of health, financial and other benefits that support your total well-being. Learn more at the Capital One Careers website. Eligibility varies based on full or part-time status, exempt or non-exempt status, and management level.

This role is expected to accept applications for a minimum of 5 business days.

No agencies please. Capital One is an equal opportunity employer (EOE, including disability/vet) committed to non-discrimination in compliance with applicable federal, state, and local laws. Capital One promotes a drug-free workplace.

Capital One will consider for employment qualified applicants with a criminal history in a manner consistent with the requirements of applicable laws regarding criminal background inquiries, including, to the extent applicable, Article 23-A of the New York Correction Law; San Francisco, California Police Code Article 49, Sections 4901-4920; New York City’s Fair Chance Act; Philadelphia’s Fair Criminal Records Screening Act; and other applicable federal, state, and local laws and regulations regarding criminal background inquiries.

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]