Risk Manager - Model Risk
Risk Manager - Model Risk
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Job Description
At Capital One models are the engines that drive our most salient business decisions. Capital Ones Model Risk Office (MROf) governs and maintains these engines to meet regulatory standards by defining model risk management (MRM) framework and model governance practices for the company. Capital Ones MROf seeks an exemplary risk manager to play a key role in helping the MROf deliver on its goals.
As a Risk Manager at Capital One you will partner with stakeholders across the Lines of Business working with model risk policies regulations and processes. The ideal candidate must be able to effectively communicate and influence partners across multiple functional areas and levels of the organization. Strong data and analytical skills attention to detail and the ability to adapt in a dynamic environment are essential to succeeding in this role. The role requires a wellrounded individual who is comfortable adjusting their approach to meet unique needs across multiple initiatives within a complex organization.
Responsibilities include but are not limited to:
Autonomously coordinate manage and support activities necessary for adhering to regulatory commitments and requirements
Provide direct support to ensuring the adherence to model risk policies and procedures through processes and controls
Drive projects based on defined priorities ensure scope of deliverables and timelines
Identify ways to improve and streamline risk identification and mitigation processes
Exhibit a proven track record of project management bringing the ability to quickly put structure in place to manage the work
Demonstrate outstanding communication and partnership skills which are essential for interacting and communicating with key stakeholders across all level to manage inform and influence outcomes
Partner with other risk management functions and offices across the company to drive results
Support additional risk management controls through management and escalation to ensure the organization operates in a wellmanaged way
Leveraging problem solving and influencing skills to ensure results deliver on intent
Partnering crossfunctionally with stakeholders to drive results to regulatory commitments and requirements
Drafting materials developing communications and providing training related to change initiatives
Building relationships and collaborating with key stakeholders to ensure delivery of commitments through working with associates across Capital One
Meet professional obligations through efficient work habits such as meeting deadlines honoring schedules coordinating resource and meetings in an effective and timely manner and demonstrating respect for others
The selected candidate will:
Exhibit a demonstrated track record of effective risk management bringing the ability to quickly put structure in place to manage tasks and related expectations
Exhibit outstanding influencing skills to effectively drive risk management initiatives and program efforts
Have excellent communication and partnership skills which are essential for interacting and communicating with key stakeholders at all levels across the company to manage inform and influence outcomes
Demonstrate experience a clear understanding of model risk management frameworks and working with or applying the standards set forth in supervisory letters guiding model risk management to include OCC Bulletin 201112 and FRB SR 117
Demonstrate the ability to pivot and creatively problem solve in a fast paced environment
Demonstrate the ability to manage multiple initiatives and responsibilities simultaneously
Basic Qualifications:
Bachelors degree or military experience
At least 5 years of experience in risk management
At least 2 years of experience in model risk management modeling or data science OR at least 2 years of experience working with and applying the standards set forth in supervisory letters guiding model risk management to include OCC Bulletin 201112 and FRB SR 117
Preferred Qualifications:
Masters degree or MBA
6 years of model risk management experience
3 years of experience within financial services
Experience as a model developer or model validator
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: $146100 $166700 for Risk ManagerCandidates 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
Capital One does not provide endorse nor guarantee and is not liable for thirdparty 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).
Required Experience:
Manager
Employment Type
Full-Time
