Principal Risk Specialist Community Reinvestment Act Community Development Qualification
Principal Risk Specialist Community Reinvestment Act Community Development Qualification
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Job Description
Within Capital One External Affairs (EA) is an organization dedicated to delivering on Capital Ones Mission by strengthening our reputation deepening our relationships in our communities managing engagement with the federal bank regulatory agencies and serving as Capital Ones voice in the legislative and political processes at the federal state and local levels. The EA organization comprises Community Reinvestment Act (CRA) Strategy & Program Management Government & Policy Affairs Regulatory Relations Corporate Communications Community Finance Community Impact & Investment and EA Strategy & Engagement. Through our teams we have unparalleled access to a diverse group of motivated changemakers similarly focused on the ingredients for a more perfect future.
The CRA Strategy & Program Management (S&PM) team partners with lines of business across the enterprise to sustain Capital Ones longstanding Outstanding CRA performance. We maintain high data quality and control standards and develop and support effective strategies with each applicable business. Most importantly we manage CRA examinations by showing the bank examiners how Capital One effectively responds to the lending investment and service needs of the communities where we do business. We convey Capital Ones comprehensive and durable approach to improving the financial wellbeing of low and moderateincome people and neighborhoods.
Within CRA S&PM the Community Development (CD) Qualification team is looking for a selfstarting associate to play a critical role in support of the companys efforts to continue our track record of outstanding CRA performance. Be the brains behind the scenes to move community development projects and datarelated initiatives forward and help us meet our CRA objectives. Utilize your keen eye for detail to review data research details while using your ability to use judgment and make decisions. In addition to digging in the data this position will allow you to partner and engage with other team members to collaboratively clarify data points to accurately and effectively report findings. Like piecing together a puzzle this role will allow you to find the details and put them together to tell a very important and compelling Capital One CRA story.
You should consider this role if youre someone who:
Lives for highly detailed work and quality control
Thrives in a dynamic environment managing multiple deliverables at the same time
Relishes researching and interpreting data from a variety of sources
Appreciates a balance of working independently and as part of a team
Responsibilities:
Collect documentation analyze information and qualify/validate Community Development (CD) activities
Utilize data management/workflow systems to ensure data integrity of CD activities
Support quality assurance/audit reviews to ensure data integrity and process consistency
Develop and/or maintain formal process documentation including job aids and other procedural documents
Assist in gathering data and preparing for CRA examinations internal audits and controls testing
Participate in and execute special projects and effectively manage assigned deliverables
Identify opportunities and actively engage in efforts that improve or streamline qualification processes
Act as subject matter expert and provide consulting or advisory services to business or internal partners on an as needed basis
Provide assistance and actively participate in technologyrelated projects and other initiatives related to regulatory compliance
The successful candidate will have:
Strong analytical problemsolving oral and written communication skills
Strong organizational skills and ability to effectively prioritize
Very strong attention to detail with the ability to focus on data and quality control
Demonstrated ability to work independently perform and influence others in a fastpaced environment
Demonstrated ability to research and interpret data from various sources
We recognize that many life paths can contribute to interest in this role. We value all experience whether gained in a classroom or through other paths and invite everyone who meets the qualifications to apply for this role.
Basic Qualifications:
High School Diploma GED or equivalent certification
At least 2 years of experience in compliance auditing document review or a combination of these
At least 1 year of experience using GSuite or Microsoft Office
Preferred Qualifications:
At least 2 years of experience in the Community Reinvestment ACT (CRA) field including CD data validation
At least 1 year of experience with CRA Wiz or other CD data management systems or webbased applications that support loans grants investments or services validation and reporting
At least 1 year of experience working on a regulatory legal or risk team
Basic understanding of modern data infrastructure and tools Agile methodologies and AI
At this time Capital One will not sponsor a new applicant for employment authorization for this position.
The minimum and maximum fulltime 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 parttime roles will be prorated based upon the agreed upon number of hours to be regularly worked.
McLean VA: $117300 $133900 for Principal Risk SpecialistCandidates 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 candidates offer letter.
This role is also eligible to earn performance based incentive compensation which may include cash bonus(es) and/or long term incentives (LTI). Incentives could be discretionary or non discretionary depending on the plan.Capital One offers a comprehensive competitive and inclusive set of health financial and other benefits that support your total wellbeing. Learn more at theCapital One Careers website. Eligibility varies based on full or parttime status exempt or nonexempt 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 drugfree 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 23A of the New York Correction Law; San Francisco California Police Code Article 49 Sections; New York Citys Fair Chance Act; Philadelphias Fair Criminal Records Screening Act; and other applicable federal state and local laws and regulations regarding criminal background inquiries.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 ator via email at . 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 Ones recruiting process please send an email to
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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).
Required Experience:
Staff IC
Employment Type
Full-Time
