Job Abstract

Principal Associate, Compliance Controls Testing

Capital One’s Card Risk organization is responsible for core areas that span Risk Management, Strategy, Operations, Technology, and Analytics.  This organization leads, advises and innovates on top transformational initiatives across the Card business.  Specifically, the Process Excellence Team within Card Risk is leading a multi-year transformational Well Managed journey focusing on Strengthening US Card’s Control Ecosystem, Enabling Ownership & Accountability through Transparency, Amplifying Simplification & Automation, and Driving Sustainability.

The Card Risk Process Excellence Team is currently hiring for a Principal Associate (PA) that will take our Well Managed transformation to the next level in our testing program, furthering the top-notch brand that Card Risk has built.  This PA will be responsible for the performance of the Design and Operating Effectiveness controls testing for Card in alignment with the Enterprise Control Standard and the our internal procedures, ensuring unassailable and appropriate evaluation of effectiveness of control activities.  As a key member of the Well Managed Program, this role will collaborate with smart and passionate leaders to deliver results that have a direct impact on the company’s bottom line. 

Core capabilities for this foundational role include a strong collaborative mindset with significant risk management and testing expertise coupled with a balanced approach to driving effectiveness and efficiency to enhance both business and risk management processes and programs.  This role requires a well-rounded and seasoned individual who is comfortable adjusting their approach to meet unique needs across multiple stakeholder groups within a complex organization. 

Successful candidates will demonstrate a proven track record of controls testing execution and oversight; project and program delivery; change resiliency to maintain momentum in a dynamic, fast-paced and complex environment and among competing priorities; and strong partnership and communication skills to engage and influence critical stakeholders.  This role is ideal for someone with strong leadership skills, who can support transformational change and deliver game-changing value.  The preferred candidate will have experience working in Compliance and/or Risk 

Management organizations within a major financial company, with a solid understanding of process management frameworks, risk and control methodology, control testing methodology, and regulatory requirement management and applicability.  Experience with automated/hybrid control testing is also a plus.

Responsibilities of this role include but are not limited to:

• Supporting end to end testing of controls:

  • Performing proper planning to execute the required test process steps by established deadlines with minimal supervision

  • Assessing Design and Operating Effectiveness of US Card automated/hybrid/manual controls in adherence with enterprise standards and internal US Card requirements for control testing

  • Creating and maintaining adequate testing support documentation such as workpapers, rationale, testing reports, etc. to support the result of reviews including the write-up of findings/issues for reporting

  • Identifying internal control weaknesses and recommending remediation to strengthen control environment

• Perform code reviews in support of automated/hybrid controls

• Perform peer to peer Quality Assurance reviews of completed test workbooks and results

• Partnering cross-functionally with program customers and program assessors to provide strategic and tactical thought-partnership to effectively drive and evolve delivery

• Building relationships and collaborating with key stakeholders

• Furthering the Well Managed agenda within Card to drive sustainability, amplify simplification & automation, enable ownership & accountability through transparency, and strengthen the control ecosystem

• Supporting process documentation creation and revision, including version control

Basic Qualifications:

• At least a Bachelor’s Degree or military experience with at least 2 years of experience in Control Testing or Internal Audit OR at least 5 years of experience in Control Testing or Internal Audit

Preferred Qualifications:

• Master's or MBA Degree

• 2+ years of Financial Services industry experience

• 2+ years of regulatory compliance or credit experience

• 2+ years of Risk Management experience

• 3+ years of automated controls testing experience

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

This role ishybridmeaning associates typically spend about half their time (2-3 days per week)in-person at one of our offices listed on this job posting.MondaysandFridaysare enterprise- widevirtual work days.Tuesday, Wednesday and Thursdayare in-person days for associates to spend time together working in our beautifully-designed team areas.

Capital One offers a comprehensive, competitive, and inclusive set of health, financial and other benefits that support your total well-being. Learn more at theCapital 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 committed to diversity and inclusion in the workplace. All qualified applicants will receive consideration for employment without regard to sex (including pregnancy, childbirth or related medical conditions), race, color, age, national origin, religion, disability, genetic information, marital status, sexual orientation, gender identity, gender reassignment, citizenship, immigration status, protected veteran status, or any other basis prohibited under applicable federal, state or local law. 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.

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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).