Senior Associate - Network Participant Risk Oversight Testing & Monitoring
Capital One
Senior Associate - Network Participant Risk Oversight Testing & Monitoring
Job Description
Overview
As a Senior Risk Associate at Capital One, you will be joining the newly created Network Participant Risk Management (NPRM) Team within the Operational Risk Management second line of defense. The NPRM team’s mission is to establish and launch the second line of defense Network Participant Risk Oversight program to enable value-add, independent second line of defense challenge and stewardship with regard to the risks Network Participants (e.g. issuers, acquirers, network alliances, etc.,) present to the Global Payment Network.As Senior Risk Associate on the NPRM Team, you’ll be responsible for working with business partners and other second line of defense teams to conduct testing and monitoring to identify and mitigate potential risks and to assess whether the first line is meeting Capital One’s program requirements. You will leverage this information to support effective challenge of the first line of defense regarding their risk taking decisions and activities. You will also need to develop a detailed understanding of Network Participant related processes, data and the systems where the data is stored in order to leverage for testing and monitoring. The overall NPRM team provides not only the governance structure for NPRM at Capital One, but also oversight and effective challenge in all areas of Network Participant Risk Management, from individual Network Participant situations (e.g., monitoring actions, issues and events) to larger bodies of risk that span a business area/ division (e.g., Risk Control Self Assessments, Process Level Assessments). As part of the larger Operational Risk Management (ORM) organization, you will work with talented associates to assist in building out and then executing the testing and monitoring strategy as well as supporting oversight and effective challenge to ensure that our businesses effectively manage operational risk overall. This includes enabling our organizations to maintain a sustainable and holistic operational risk profile in order to deliver superior products and services while also protecting our customers. You’ll also bring your unique perspective and experiences to help us be rigorous, curious and creative. Principal Risk Associates have a natural passion for managing risk with strong project, process and analytical skills. With these skills, they serve as change agents to effectively challenge business leaders on our highest profile risk projects. You will partner with key stakeholders in the first and second line to identify potential risks in an open, collaborative environment where new ideas and solutions are both welcomed and rewarded.Specific responsibilities of the NPRM Senior Risk Associate include and are not limited to:
Perform testing & monitoring of the first line network participant risk management including detailed data analysis to identify risks, problem areas, and development/completion of remediation plans
Develop understanding and knowledge of Network Participant related processes, data and data systems of record to facilitate testing and monitoring
Effectively challenges and is a thought leader in providing guidance to implementing Network Participant risk management practices
Analyzes data to proactively identify risks and trends
Provide guidance and support during audits and exams as needed
Ensure results of testing & monitoring and challenge activities are properly documented and communicated, and perform and support detailed validation data analysis to include trending, problem identification, and development/completion of remediation plans
Consults on Issue/Event analysis and reporting functions to observe trends and provide insights on changes to the Network Participant risk environment
Collaborate effectively across multiple organizations such as Operational Risk Management, Risk Oversight Programs, Enterprise Risk Management, Business Risk Office, Internal Audit, etc., to achieve objectives
Demonstrates problem-solving and analysis skills with attention to detail
Demonstrates strong communication, collaboration, and problem solving skills
Balances multiple priorities to help drive business value and support team objectives, while managing tasks and activities related to risk management initiatives to support the Network Participant Risk Management team in a well-managed capacity
Assists in the development of risks, issues and/or mitigation plans to ensure the business implements needed changes and addresses areas of exposure
High School Diploma, GED or equivalent certification
At least 2 years of risk management experience within the financial services industry
At least 2 years of experience in third party risk, risk governance oversight, testing or monitoring
3+ years of risk management, compliance or legal oversight experience with a payments network
3+ years of process management and data management experience
3+ years of Project/Program Management experience leading cross functional programs in Risk
Experience creating presentations with Excel/Google Sheets, PowerPoint/Google Slides
Risk management certification such as: Certified Third-Party Risk Professional (CTPRP), ABA Operational Risk Management
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
- Richmond, Virginia, United States
- McLean, Virginia, United States
- Riverwoods, Illinois Richmond, VirginiaRichmond
Salary
50,000 - 85,000 USD / yearly
* This is an estimated range based on market data and may vary based on experience and qualifications.
Skills Required
- Risk management and oversightintermediate
- Data analysis and trendingintermediate
- Testing and monitoringintermediate
- Process managementintermediate
- Stakeholder collaborationintermediate
- Issue and event analysisintermediate
Required Qualifications
- High School Diploma, GED or equivalent certification (experience)
- At least 2 years of risk management experience within the financial services industry (experience)
- At least 2 years of experience in third party risk, risk governance oversight, testing or monitoring (experience)
- 3+ years of risk management, compliance or legal oversight experience with payments network (preferred) (experience)
- Risk management certification such as CTPRP or ABA Operational Risk Management (preferred) (experience)
Responsibilities
- Perform testing & monitoring of first line network participant risk management
- Analyze data to proactively identify risks and trends
- Effectively challenge first line on risk management practices
- Develop understanding of Network Participant processes and data systems
- Collaborate across multiple organizations to achieve objectives
- Support audits, exams and remediation plan development
Benefits
- general: Comprehensive health benefits
- general: Financial benefits
- general: Other benefits supporting total well-being
Answer 10 quick questions to check your fit for Senior Associate - Network Participant Risk Oversight Testing & Monitoring @ Capital One.
Related Books and Jobs
Senior Associate - Network Participant Risk Oversight Testing & Monitoring
Capital One
Senior Associate - Network Participant Risk Oversight Testing & Monitoring
Job Description
Overview
As a Senior Risk Associate at Capital One, you will be joining the newly created Network Participant Risk Management (NPRM) Team within the Operational Risk Management second line of defense. The NPRM team’s mission is to establish and launch the second line of defense Network Participant Risk Oversight program to enable value-add, independent second line of defense challenge and stewardship with regard to the risks Network Participants (e.g. issuers, acquirers, network alliances, etc.,) present to the Global Payment Network.As Senior Risk Associate on the NPRM Team, you’ll be responsible for working with business partners and other second line of defense teams to conduct testing and monitoring to identify and mitigate potential risks and to assess whether the first line is meeting Capital One’s program requirements. You will leverage this information to support effective challenge of the first line of defense regarding their risk taking decisions and activities. You will also need to develop a detailed understanding of Network Participant related processes, data and the systems where the data is stored in order to leverage for testing and monitoring. The overall NPRM team provides not only the governance structure for NPRM at Capital One, but also oversight and effective challenge in all areas of Network Participant Risk Management, from individual Network Participant situations (e.g., monitoring actions, issues and events) to larger bodies of risk that span a business area/ division (e.g., Risk Control Self Assessments, Process Level Assessments). As part of the larger Operational Risk Management (ORM) organization, you will work with talented associates to assist in building out and then executing the testing and monitoring strategy as well as supporting oversight and effective challenge to ensure that our businesses effectively manage operational risk overall. This includes enabling our organizations to maintain a sustainable and holistic operational risk profile in order to deliver superior products and services while also protecting our customers. You’ll also bring your unique perspective and experiences to help us be rigorous, curious and creative. Principal Risk Associates have a natural passion for managing risk with strong project, process and analytical skills. With these skills, they serve as change agents to effectively challenge business leaders on our highest profile risk projects. You will partner with key stakeholders in the first and second line to identify potential risks in an open, collaborative environment where new ideas and solutions are both welcomed and rewarded.Specific responsibilities of the NPRM Senior Risk Associate include and are not limited to:
Perform testing & monitoring of the first line network participant risk management including detailed data analysis to identify risks, problem areas, and development/completion of remediation plans
Develop understanding and knowledge of Network Participant related processes, data and data systems of record to facilitate testing and monitoring
Effectively challenges and is a thought leader in providing guidance to implementing Network Participant risk management practices
Analyzes data to proactively identify risks and trends
Provide guidance and support during audits and exams as needed
Ensure results of testing & monitoring and challenge activities are properly documented and communicated, and perform and support detailed validation data analysis to include trending, problem identification, and development/completion of remediation plans
Consults on Issue/Event analysis and reporting functions to observe trends and provide insights on changes to the Network Participant risk environment
Collaborate effectively across multiple organizations such as Operational Risk Management, Risk Oversight Programs, Enterprise Risk Management, Business Risk Office, Internal Audit, etc., to achieve objectives
Demonstrates problem-solving and analysis skills with attention to detail
Demonstrates strong communication, collaboration, and problem solving skills
Balances multiple priorities to help drive business value and support team objectives, while managing tasks and activities related to risk management initiatives to support the Network Participant Risk Management team in a well-managed capacity
Assists in the development of risks, issues and/or mitigation plans to ensure the business implements needed changes and addresses areas of exposure
High School Diploma, GED or equivalent certification
At least 2 years of risk management experience within the financial services industry
At least 2 years of experience in third party risk, risk governance oversight, testing or monitoring
3+ years of risk management, compliance or legal oversight experience with a payments network
3+ years of process management and data management experience
3+ years of Project/Program Management experience leading cross functional programs in Risk
Experience creating presentations with Excel/Google Sheets, PowerPoint/Google Slides
Risk management certification such as: Certified Third-Party Risk Professional (CTPRP), ABA Operational Risk Management
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
- Richmond, Virginia, United States
- McLean, Virginia, United States
- Riverwoods, Illinois Richmond, VirginiaRichmond
Salary
50,000 - 85,000 USD / yearly
* This is an estimated range based on market data and may vary based on experience and qualifications.
Skills Required
- Risk management and oversightintermediate
- Data analysis and trendingintermediate
- Testing and monitoringintermediate
- Process managementintermediate
- Stakeholder collaborationintermediate
- Issue and event analysisintermediate
Required Qualifications
- High School Diploma, GED or equivalent certification (experience)
- At least 2 years of risk management experience within the financial services industry (experience)
- At least 2 years of experience in third party risk, risk governance oversight, testing or monitoring (experience)
- 3+ years of risk management, compliance or legal oversight experience with payments network (preferred) (experience)
- Risk management certification such as CTPRP or ABA Operational Risk Management (preferred) (experience)
Responsibilities
- Perform testing & monitoring of first line network participant risk management
- Analyze data to proactively identify risks and trends
- Effectively challenge first line on risk management practices
- Develop understanding of Network Participant processes and data systems
- Collaborate across multiple organizations to achieve objectives
- Support audits, exams and remediation plan development
Benefits
- general: Comprehensive health benefits
- general: Financial benefits
- general: Other benefits supporting total well-being
Answer 10 quick questions to check your fit for Senior Associate - Network Participant Risk Oversight Testing & Monitoring @ Capital One.
Related Books and Jobs