Principal Associate Third Party Manager

Capital One National Association; McLean (VA); On-site; USD 121,000 - 138,000; Full time

Job summary

Capital One is seeking a Principal Associate, Supplier Management to oversee the lifecycle of third‑party relationships in the fraud and identity category. You will collaborate with internal teams and suppliers to drive cost, risk and performance outcomes while identifying strategic opportunities for growth.

Responsibilities include negotiating contracts, governing supplier relationships, and ensuring compliance with policies. Limited travel may be required.

Qualifications

• 3+ years in Relationship Management, Supplier Management, Procurement, Project Management, or related fields.
• High School Diploma, GED or Equivalent Certification.

Responsibilities

• Support creation and execution of strategic, value-generating opportunities for internal customers.
• Negotiate basic contracts for a broad range of products and services for Capital One.
• Serve as point of contact for third parties and manage governance with suppliers.
• Partner with business units and risk groups to ensure policy compliance in third-party relationships.
• Monitor delivery against third-party contract obligations and manage risk.
• Lead periodic reviews and assessments of supplier relationships.
• Maintain awareness of external market for supplier sourcing activities.

Skills

Relationship Management

Procurement

Project Management

Sourcing

Education

Bachelor's degree

Military experience

Job description

Principal Associate Third Party Manager

At Capital One, our Enterprise Service Management (ESM) teams are seeking a Principal Associate, Supplier Management supporting the fraud and identity category. In ESM, we empower associates to deliver their best by cultivating a culture of inclusion and belonging, where varying perspectives and opinions are valued. We embrace each other's differences and encourage all team members to lean into their talents and skills to deliver superior experiences for both internal and external clients.

As a Principal Associate, Supplier Management you will be responsible for the holistic relationship between Capital One and key fraud and identity third parties, enabling a well‑managed and adaptable supply chain. You will work closely with internal team members establishing and maintaining relationships with internal business customers and assigned suppliers. This role is essential in the delivery of key cost, risk, and performance management-related efforts for third‑party relationships, in addition to supporting the identification of strategic opportunities for growth and/or greater return on investment. If you enjoy connecting with others, collaborating on cross‑functional teams and negotiating deals, we are looking for YOU. Come be a part of something special where you work with teams who appreciate your contributions and sharing your thoughts and ideas is encouraged.

Key responsibilities include:

• Teamwork & Strategic Support: Support the creation and execution of strategic and innovative solutions to support internal customers that can identify value‑generating opportunities (e.g. savings, efficiencies, or revenue growth).
• Negotiation: Ability to negotiate basic contracts for a broad range of products and services for Capital One.
• Relationship Management: Serve as a point of contact for third parties and manage an effective governance between Capital One and assigned third parties.
• Collaboration: Ability to partner with business unit(s) and internal risk group(s) to ensure third party relationships are compliant with all relevant policies and procedures.
• Risk Management: Monitor and ensure successful delivery against third party contractual obligations.
• Process Management: Accountable for policy requirements for all managed third‑party relationships. Plan and lead periodic reviews and assessments of supplier relationships.
• Supplier Sourcing: Maintain awareness of external marketplace as it relates to your suppliers and perform basic sourcing activities where appropriate.

Note: Limited travel may be required.

Basic Qualifications:

• High School Diploma, GED or Equivalent Certification
• At least 3 years of experience in Relationship Management, Supplier Management, Procurement, Project Management, Process Management, or a combination

Preferred Qualifications:

• Bachelor's degree or military experience
• At least 4 years of experience in Procurement, Sourcing, Operations Management, Fraud and Identity or Risk Management

At this time, Capital One will not sponsor a new 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: $120,800 - $137,900 for Principal Assoc., Supply Chain

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.

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.