Sr. Risk Associate, Commercial Fraud Risk

Capital One; Richmond (VA); On-site; USD 86,000 - 98,200; Full time

Benefits offered by this job

Comprehensive health benefits

Financial benefits

Inclusive workplace

Job summary

A financial services firm in Richmond, VA seeks a Senior Risk Associate to support fraud mitigation through risk assessments and project management. The role requires strong analytical and problem-solving skills, as well as team collaboration. Candidates must have a Bachelor's degree or military experience along with at least 2 years in fraud, risk, or audit. This position offers competitive compensation and a comprehensive benefits package.

Qualifications

• At least 2 years of Fraud, Risk, or Audit experience.
• Experience in Fraud Risk Management, Audit, or Operations covering a Commercial Operations business preferred.
• Ability to work effectively in a team environment to meet tight deadlines.

Responsibilities

• Document and develop fraud controls.
• Conduct risk assessments across multiple stakeholder groups.
• Support fraud mitigation efforts through project management activities.
• Ensure processes comply with Enterprise Standards.
• Support team preparation for audits, exams, and assessments.
• Participate in applicable Central or Enterprise-wide forums.

Skills

Strong problem-solving skills

Integrative thinking

Prioritization

Analytical skills

Education

Bachelor's degree or military experience

Job description

The Commercial Fraud Strategy team plays the crucial role of protecting Capital One’s Commercial Banking clients from fraud in an ever-changing environment. This team oversees the development and implementation of strategies, tools, and technologies to balance customer experience with fraud risks and losses.

Role

As a Senior Risk Associate at Capital One Commercial Bank you’ll be responsible for identifying risks, designing policies and procedures that mitigate fraud, and working on projects that directly impact associates and clients. You will be part of the “1st line” of defense ensuring our Company remains stable and profitable, and meets its commitments to clients and regulators. You will have the opportunity to work with stakeholders across multiple levels to create and implement innovative solutions that prevent fraud.

Strong problem‑solving, integrative thinking, prioritization, and analytical skills are essential for success in this role. Building win‑win partnerships with multiple business stakeholders and across Commercial Bank while adapting to change in a fast‑paced environment are key for this role.

Responsibilities

• Document and develop fraud controls
• Conduct risk assessments across multiple stakeholder groups
• Support fraud mitigation efforts through project management activities
• Ensure processes comply with Enterprise Standards and are well documented
• Support the team preparation for audits, exams, and assessments
• Participate in applicable Central, or Enterprise-wide forums

Basic Qualifications

• Bachelor's degree or military experience
• At least 2 years of Fraud, Risk, or Audit experience

Preferred Qualifications

• At least 2 years of experience in Fraud Risk Management, Audit or Operations covering a Commercial Operations business
• Strong analytical skills and an ability to work effectively in a team environment to meet tight deadlines

Salary

The minimum and maximum full‑time annual salaries for this role are listed below, by location.

McLean, VA: $94,600 - $107,900 for Sr. Risk Associate

Richmond, VA: $86,000 - $98,200 for Sr. Risk Associate

Benefits

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

Equal Opportunity

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.

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