Principal Associate, Compliance Tester

Category

Risk Management

Experience

Principal Associate

Primary Address

Richmond, Virginia

Overview

The US Card Compliance team is seeking an experienced Principal Associate who will be responsible for leading and executing risk-based compliance transaction testing under the leadership of a team leader, for the purpose of independently assessing business line adherence to applicable laws, regulations, and guidance. A successful candidate enjoys developing a deep understanding of regulatory requirements, designing and conducting testing, and drawing conclusions based on critical thinking, judgment, and analysis to assess compliance. The role requires the ability to work cross-functionally and develop/maintain strong relationships with partner teams and the ability to work autonomously. In addition, this role requires great attention to detail, excellent verbal and written communication skills, and the ability to succinctly and clearly communicate complex fact patterns to others.

Responsibilities will include, but may not be limited to:

• Executing targeted, complex testing for line of business compliance requirements in alignment with team and program methodology

• Demonstrating an understanding of business processes, control frameworks, and related regulatory and compliance standards

• Managing testing schedules to ensure all tasks and reporting are completed within established timeframes and documented within systems of record

• Systematically retaining documents that substantiate test results

• Reviewing tests executed by colleagues for accuracy and adherence to test plan and procedures

• Developing and executing test plans, continually validating and improving existing design while also identifying new opportunities to execute tests in high risk areas

• Requesting and analyzing data; supporting and initiating efforts to improve data sourcing and driving innovation with business partners and IT support teams

• Identifying and contributing to the implementation of new technologies and innovative concepts

• Communicating results to Compliance Officers, Compliance Advisors, Legal, and Business Area Partners

• Demonstrating strong time management, organizational, and prioritization skills; completing multiple concurrent tasks within close deadlines with a high degree of accuracy and detail

• Exhibiting strong problem-solving and conceptual thinking skills

The ideal candidate would have:

• Experience implementing technology testing solutions (Robotics Processing Automation, Optical Character Recognition, Natural Language Processing)

• Working knowledge of basic statistics

• Basic understanding of data schemas or cloud data structure and experience engaging with data analytics teams to help drive innovative testing approaches

• Working knowledge of Excel for Analysts, SQL, and cloud data

• Experience creating test scripts using SQL, Python to test full populations for key attributes

Basic Qualifications:

• High School Diploma, GED or equivalent certification

• At least 3 years of experience in compliance testing, risk management, compliance monitoring, quality assurance, control review or audit

• At least 2 years of Microsoft Office or Google Suite experience

• At least 1 year of experience interacting with senior management or business partners

Preferred Qualifications:

• Bachelor’s degree

• 3+ years of financial services consumer compliance monitoring, auditing, risk management or compliance experience

• 2+ years of experience analyzing data from various sources and making recommendations based on data

• 1+ years scripting experience in Python, SQL

• Certified Regulatory Compliance Manager (CRCM) accreditation

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

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 [email protected]. 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 [email protected]

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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).