Principal Associate, Risk Manager - Card Third Party Risk

Overview

Principal Associate, Risk Manager - Card Third Party Risk

The Card Third Party Risk team is a passionate and dynamic group of risk professionals dedicated to enhancing risk management practices for monitoring and governing our Third-Party vendor, supplier, and partner relationships. We achieve this by executing critical risk assessments, governance frameworks, and robust control programs to strengthen Capital One’s operational resilience.

We are seeking an inquisitive, organized, and forward-thinking Principal Risk Associate with a growth mindset. In this role, you will build and apply a strong foundation of knowledge in line of business operations, relevant regulations, and effective risk management practices. As a member of this horizontal 1st Line risk function, you will have a unique opportunity to become a subject matter expert across specific business areas within our Card Third Party Risk team and the broader Card Risk organization.

Responsibilities: The Principal Risk Associate supports and facilitates the identification, assessment, and mitigation of risks associated with third-party relationships. This role ensures vendor, supplier, and partner adherence to company policies and relevant regulations. You will also contribute to the development and implementation of the Card business's third-party risk management governance program, including:

• Risk Assessment: Conducting and supporting risk assessments for third-party vendors, analyzing their potential impact.

• Policy & Procedure: Assisting with the review and analysis of risk management policies and standards, ensuring appropriate compliance and governance activities and related documentation.

• Monitoring & Compliance: Monitoring third-party compliance with company policies, industry regulations, and contractual obligations.

• Documentation, Metrics & Reporting: Maintaining records of risk assessments, control execution, risk identification, and remediation efforts; preparing stakeholder reports. Tracking and reporting on key risk indicators (KRIs) and key performance indicators (KPIs) related to TPRM, data security, issues, and events.

• Collaboration: Working closely with internal first and second-line stakeholders (e.g., Third Party Risk Management, Business Continuity Risk Management, Tech, Cyber, Enterprise Supplier Management, Compliance) to ensure effective risk management.

• Issue Management: Identifying potential risks, escalating concerns to appropriate personnel for resolution, and assisting with remediation tracking.

• Training & Awareness: Supporting the development and delivery of training materials to raise awareness of TPRM policies and procedures.

• Continuous Improvement: Staying informed about industry best practices and regulatory changes to identify areas for program enhancement.

• Audit Support: Assisting with internal and external audits related to third-party risk management.

Skills:

• Strong understanding of risk management principles and practices.

• Excellent analytical, problem-solving skills, and strong communication skills (both verbal and written), effective across various stakeholder groups.

• Proficiency in analyzing data within spreadsheet software, and extracting and analyzing data from tools such as Tableau and Quicksight for further analysis.

• Ability to work independently and collaboratively in a team environment, sharing tools, ideas, and expertise with direct team and business partners.

• Familiarity with relevant regulations and industry standards.

• Intellectual curiosity to question, effectively challenge, explore options, and develop appropriate alternatives.

• Drive and execute an agenda in an uncertain and fluid environment.

• Successful track record of thriving in a fast-paced and dynamic environment.

• Ability to draft and deliver presentations using well-reasoned information and cohesive data in a meaningful way.

Basic Qualifications:

• High School Diploma, GED or Equivalent Certification

• At least 2 years of Risk Management Experience

• At least 3 years of experience in Process Management or Project Management

• At least 3 years of experience supporting, partnering, and interacting with internal cross-functional stakeholder groups

Preferred Qualifications:

• Bachelor’s Degree or Military experience

• At least 3 years of Risk Management Experience

• At least 4 years of experience in Process Management or Project Management

• At least 4 years of experience supporting, partnering and interacting with internal business clients

• PMP Certification or Masters Certificate of Project Management (CPM)

• Business Process Management (BPM) Certification

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

This role is Hybrid, with associates expected to consistently spend three days per week in the office.

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.

McLean, VA: $117,300 - $133,900 for Principal Risk Specialist

Richmond, VA: $106,700 - $121,700 for Principal Risk Specialist

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.

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 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.

This role is expected to accept applications for a minimum of 5 business days.

No agencies please. Capital One is an equal opportunity employer (EOE, including disability/vet) committed to non-discrimination in compliance with applicable federal, state, and local laws. Capital One promotes a drug-free 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 23-A of the New York Correction Law; San Francisco, California Police Code Article 49, Sections 4901-4920; New York City’s Fair Chance Act; Philadelphia’s 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 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.com

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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).