Principal Risk Specialist - Underwriting QA
Capital One
Principal Risk Specialist - Underwriting QA
Job Description
Overview
Small businesses are the backbone of America and a vital part of the economy as a whole. Their success is essential to economic growth and prosperity. We believe that confidence is the best business plan. Within Capital One’s Small Business Bank (SBB) division, we’ve helped over hundreds of thousands of business owners secure their finances, streamline their cash flow and save time on banking. This is supported by our mission to help small businesses succeed. Our clients aren’t just our clients—they’re our business partners.Principal Risk Specialists at Capital One are highly motivated 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:
Conduct reviews and testing procedures to determine compliance with Underwriting policies, procedures, and controls on new loan requests, renewals, annual reviews, interim reviews, modifications, and WAC reviews
Communicate review findings to appropriate parties and recommend corrective action plans to control defects’ occurrence
Analyze trends, identify control gaps, and recommend routine and non-routine solutions for process changes
Complete process steps to adequately document QA Review performed and to support conclusions reached
Corrective action - Identify and track events and issues to mitigate risk to Capital One. Coordinate with applicable business areas to define and implement remediation activities
Carry out duties in compliance with all state and federal regulations and guidelines
Champion and enhance organizational initiatives by positively influencing and supporting change management as well as departmental and enterprise initiatives
Ensure that Quality Assurance practices, policies and procedures are updated in a timely manner, maintained online, and reviewed periodically to ensure applicability, accuracy and relevance
Ensure completion of monthly production requirements within SLA’s
Risk Consulting to one or more Business Areas relative to their business lines and provide advice and guidance as required
Is proactive about identifying and delivering improvements in our Small Business credit policy, underwriting, and risk management, and performs special project work as appropriate
Contributes to department training
At least 3 years of experience in credit administration, loan underwriting, credit review, commercial lending or a combination
Preferred Qualifications:
Bachelor's Degree or Military experience
Completion of a formal credit training or credit underwriting program
At least 2 years of Financial Services Risk Management experience
At this time, Capital One will not sponsor a new applicant for employment authorization for this position.This role is hybrid meaning associates spend 3 days per week in-person at one of our offices listed on this job posting. Monday - Friday are in-person days for associates to spend time together working in our beautifully-designed team areas.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.
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.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.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 RecruitingAccommodation@capitalone.com. 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 Careers@capitalone.comCapital 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).
Locations
- Plano, Texas Plano, TexasPlano
Salary
45,000 - 80,000 USD / yearly
* This is an estimated range based on market data and may vary based on experience and qualifications.
Skills Required
- Credit Reviewintermediate
- Risk Managementintermediate
- Underwritingintermediate
- Compliance Testingintermediate
- Process Improvementintermediate
- Trend Analysisintermediate
- Change Managementintermediate
Required Qualifications
- At least 3 years of experience in credit administration, loan underwriting, credit review, commercial lending or a combination (experience)
- Preferred: Bachelor's Degree or Military experience (experience)
- Preferred: Completion of a formal credit training or credit underwriting program (experience)
- Preferred: At least 2 years of Financial Services Risk Management experience (experience)
Responsibilities
- Conduct reviews and testing procedures to determine compliance with Underwriting policies, procedures, and controls
- Communicate review findings and recommend corrective action plans
- Analyze trends, identify control gaps, and recommend solutions for process changes
- Identify and track events and issues to mitigate risk and implement remediation activities
- Ensure completion of monthly production requirements within SLA’s
- Provide Risk Consulting to Business Areas
Benefits
- general: Comprehensive, competitive, and inclusive set of health, financial and other benefits
Answer 10 quick questions to check your fit for Principal Risk Specialist - Underwriting QA @ Capital One.
Related Books and Jobs
Principal Risk Specialist - Underwriting QA
Capital One
Principal Risk Specialist - Underwriting QA
Job Description
Overview
Small businesses are the backbone of America and a vital part of the economy as a whole. Their success is essential to economic growth and prosperity. We believe that confidence is the best business plan. Within Capital One’s Small Business Bank (SBB) division, we’ve helped over hundreds of thousands of business owners secure their finances, streamline their cash flow and save time on banking. This is supported by our mission to help small businesses succeed. Our clients aren’t just our clients—they’re our business partners.Principal Risk Specialists at Capital One are highly motivated 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:
Conduct reviews and testing procedures to determine compliance with Underwriting policies, procedures, and controls on new loan requests, renewals, annual reviews, interim reviews, modifications, and WAC reviews
Communicate review findings to appropriate parties and recommend corrective action plans to control defects’ occurrence
Analyze trends, identify control gaps, and recommend routine and non-routine solutions for process changes
Complete process steps to adequately document QA Review performed and to support conclusions reached
Corrective action - Identify and track events and issues to mitigate risk to Capital One. Coordinate with applicable business areas to define and implement remediation activities
Carry out duties in compliance with all state and federal regulations and guidelines
Champion and enhance organizational initiatives by positively influencing and supporting change management as well as departmental and enterprise initiatives
Ensure that Quality Assurance practices, policies and procedures are updated in a timely manner, maintained online, and reviewed periodically to ensure applicability, accuracy and relevance
Ensure completion of monthly production requirements within SLA’s
Risk Consulting to one or more Business Areas relative to their business lines and provide advice and guidance as required
Is proactive about identifying and delivering improvements in our Small Business credit policy, underwriting, and risk management, and performs special project work as appropriate
Contributes to department training
At least 3 years of experience in credit administration, loan underwriting, credit review, commercial lending or a combination
Preferred Qualifications:
Bachelor's Degree or Military experience
Completion of a formal credit training or credit underwriting program
At least 2 years of Financial Services Risk Management experience
At this time, Capital One will not sponsor a new applicant for employment authorization for this position.This role is hybrid meaning associates spend 3 days per week in-person at one of our offices listed on this job posting. Monday - Friday are in-person days for associates to spend time together working in our beautifully-designed team areas.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.
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.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.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 RecruitingAccommodation@capitalone.com. 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 Careers@capitalone.comCapital 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).
Locations
- Plano, Texas Plano, TexasPlano
Salary
45,000 - 80,000 USD / yearly
* This is an estimated range based on market data and may vary based on experience and qualifications.
Skills Required
- Credit Reviewintermediate
- Risk Managementintermediate
- Underwritingintermediate
- Compliance Testingintermediate
- Process Improvementintermediate
- Trend Analysisintermediate
- Change Managementintermediate
Required Qualifications
- At least 3 years of experience in credit administration, loan underwriting, credit review, commercial lending or a combination (experience)
- Preferred: Bachelor's Degree or Military experience (experience)
- Preferred: Completion of a formal credit training or credit underwriting program (experience)
- Preferred: At least 2 years of Financial Services Risk Management experience (experience)
Responsibilities
- Conduct reviews and testing procedures to determine compliance with Underwriting policies, procedures, and controls
- Communicate review findings and recommend corrective action plans
- Analyze trends, identify control gaps, and recommend solutions for process changes
- Identify and track events and issues to mitigate risk and implement remediation activities
- Ensure completion of monthly production requirements within SLA’s
- Provide Risk Consulting to Business Areas
Benefits
- general: Comprehensive, competitive, and inclusive set of health, financial and other benefits
Answer 10 quick questions to check your fit for Principal Risk Specialist - Underwriting QA @ Capital One.
Related Books and Jobs