Principal Risk Specialist - Operational Risk Challenge & Advisory

Capital One; Richmond (VA); On-site; USD 110,000 - 125,000; Full time

Job summary

Capital One is seeking a Principal Risk Specialist for the Operational Risk Challenge & Advisory (ORCA) group in McLean or Richmond, VA. You will partner with business teams to identify and mitigate risks, provide second-line challenge, and influence risk-aware decisions.

You will collaborate across Risk Management, Internal Audit, and other business risk offices, analyze data, document findings, and support remediation efforts.

Qualifications

• Bachelor's Degree or military experience.
• At least 2 years of experience in Risk Management, Audit, Finance, or Accounting.
• Master's Degree preferred.
• 3+ years of experience in Risk Management, Audit, Finance, or Accounting.
• 1+ years of experience in Process Management.
• CPA, CIA, or PMP certification.
• Advanced skills in Google Sheets and Google Docs.
• Advanced skills in data analysis and data visualization tools (Tableau).

Responsibilities

• Provide 2nd line effective challenge and advice to the 1st line on their execution of various risk assessment processes, including RCSA, PLA, PRA, Launch initiatives and others.
• Ensure results of effective challenge activities are properly documented and communicated, and perform detailed data analysis to identify risks, problem areas, and remediation plans.
• Serve as subject matter expert to BRO and IRM in the assessment of operational risk.
• Collaborate across Operational Risk Management, Risk Oversight, ERM, Business Risk Offices, Internal Audit, etc.
• Build relationships and become a trusted advisor to the first line Business Risk Offices.
• Participate in team efforts in ORCA.
• Be proficient in ERM's Risk and Control Standards.

Skills

Risk management

Communication

Analytical thinking

Process management

Education

Bachelor's Degree

Master's Degree

Tools

Google Sheets

Google Docs

Tableau

Job description

Principal Risk Specialist - Operational Risk Challenge & Advisory

As a Principal Risk Specialist at Capital One you'll be responsible for working with business partners to identify and mitigate potential risks to Capital One. You will be the front line of defense to ensure our Company remains stable and profitable.

Principal Risk Specialists in Operational Risk Challenge & Advisory (ORCA) are highly motivated 2nd line Risk Management professionals with excellent organizational and communication skills. They have a high level of exposure across lines of business and have the opportunity to create and implement innovative solutions to identify and mitigate potential risks to the Company.

Responsibilities

• Provide 2nd line effective challenge and advice to the 1st line on their execution of various risk assessment processes, including Risk and Control Self Assessments (RCSA), Process Level Assessments (PLA), Product Risk Assessment (PRA), Launch initiatives and others.
• Ensure results of effective challenge activities are properly documented and communicated, and perform detailed data analysis to identify risks, problem areas, and development/completion of remediation plans.
• Serve as subject matter expert to Business Risk Office (BRO) and Independent Risk Management (IRM) functions in the assessment of operational risk.
• Collaborate effectively across multiple organizations such as Operational Risk Management, Risk Oversight Programs, Enterprise Risk Management, Business Risk Offices, Internal Audit etc. to achieve objectives.
• Build relationships and become a trusted advisor to the first line Business Risk Offices.
• Actively participates in team oriented efforts in Operational Risk Challenge and Advisory (ORCA).
• Be proficient in Enterprise Risk Management's Risk and Control Standards.

Basic Qualifications

• Bachelor's Degree or military experience.
• At least 2 years of experience in Risk Management, Audit, Finance, or Accounting.

Preferred Qualifications

• Master's Degree.
• 3+ years of experience in Risk Management, Audit, Finance, or Accounting.
• 1+ years of experience in Process Management.
• Certified Public Accountant (CPA), Certified Internal Auditor (CIA), or Project Management Professional (PMP).
• Advanced skills in Google Sheets and Google Docs.
• Advanced skills in data analysis and data visualization tools (Tableau).

At this time, Capital One will not sponsor a new applicant for employment authorization for this position.

Salaries

• McLean, VA: $120,800 - $137,900 for Principal Risk Specialist.
• Richmond, VA: $109,900 - $125,400 for Principal Risk Specialist.
• 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].

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).

At Capital One, we're building a leading information-based technology company. Still founder-led by Chairman and Chief Executive Officer Richard Fairbank, Capital One is on a mission to help our customers succeed by bringing ingenuity, simplicity, and humanity to banking. We measure our efforts by the success our customers enjoy and the advocacy they exhibit.