Risk Associate - Policy & Innovation
New York, NY 
Posted Today
Job Description
Job ID: R114491

NYC 299 Park Avenue (22957), United States of America, New York, New York

Risk Associate - Policy & Innovation

Capital One's Policy & Innovation (P&I) Team is housed within the Credit Risk & Analytics (CR&A), Market Liquidity Risk Oversight (MLRO) Division. CR&A is responsible for Risk Governance, Risk Appetite, Credit Risk Policy and Assurance Exam Management activities for the Commercial Bank. Market & Liquidity Risk Oversight (MLRO) is a second line of defense unit that provides independent oversight and challenge to the activities and practices of the company's risk taking and risk mitigating units as they relate to market, liquidity, debt capital markets, and counterparty risk exposures. P&I's contribution is critical in providing a foundation for sound risk management practices, complying with internal policies and regulations and exhibiting the overall culture of Capital One.

P&I is seeking an Associate level associate with regulatory and change management experience in one or more of the following areas: enterprise and or credit risk management governance, policy, processes and controls. This person will partner with associates across the Commercial Banking businesses, Credit Solutions, Enterprise-wide functions and within CR&A, MLRO to enhance risk governance, controls, processes and assurance practices as well as implement changes that are strategic and transformative for the Bank.

P&I is responsible for a broad set of credit risk management activities for the Commercial Bank and within market & liquidity risk policy governance, providing an opportunity for significant professional growth and exposure to senior management. The Individual will be a key teammate with excellent communication and relationship building skills for interactions with cross functional stakeholders.

Specific responsibilities include, but are not limited to:

  • Supporting delivery management of P&I's change program, including simplification of Policies and remediation of assurance findings

  • Preparing and gaining support for change plans

  • Communicating progress, risk and issues to stakeholders via task tracking and progress reporting

  • Working closely with associates across Capital One including: Underwriting & Portfolio Management, Credit Solutions, CR&A, MLRO, Enterprise Risk Management, Credit Review and Audit

  • Supporting communication of changes to impacted stakeholders

  • Supporting risk assessment and reporting on new business products

  • Managing P&I change documents and artifacts

  • Promoting P&I's learning and culture by facilitating continuous learning activities and team interactions

  • Formulating and implementing solutions, leveraging on technology as much as possible

  • Exhibiting values of Excellence and Do the Right Thing while supporting our mission to Change Banking for Good

The person will have:

  • Experience in preparing and executing change plans, managing stakeholders through change

  • Background in Financial Services

  • Understanding of commercial banking activities and the three lines of defense framework

  • Independent problem-solving and discretion

  • Strong written and verbal communication skills

  • Excellent attention to detail

  • Willingness to learn, adapts easily to change and confident with diverse thinking

  • Ability to establish credibility, trust and support within all levels of the organization

  • Aptitude for synthesizing complex issues into a clear and concise summary

  • Proactive and results-oriented

  • Working knowledge and experience using Microsoft Office applications, and G Suite

Basic Qualifications

  • Bachelor's degree or Military experience

  • At least 2 years of financial services experience

Preferred Qualifications

  • At least 3 years of experience in risk management, commercial credit, compliance or policy in a financial institution or consultancy

  • At least 3 years of experience in supporting, partnering, and interacting with internal business partners

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

Capital One is an equal opportunity employer committed to diversity in the workplace. Capital One promotes a drug-free workplace.

All qualified applicants will receive consideration for employment without regard to gender, race, color, religion, national origin, sexual orientation, protected veteran status, or disability status.

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; Newark, New Jersey Ordinance 12-1630; and other applicable federal, state, and local laws and regulations regarding criminal background inquiries.


Job Summary
Start Date
As soon as possible
Employment Term and Type
Regular, Full Time
Required Education
Bachelor's Degree
Required Experience
2+ years
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