This role focuses on managing regulatory compliance risk within Capital One's Compliance and Ethics Organization, specifically through Model, Adverse Action, and Script Enhancement (MASE) Compliance. The Principal Associate will assess compliance risk in models and scripts, advising the business on risk management, and ensuring regulatory alignment of computer code logic. It suits a candidate with strong organizational skills, a collaborative mindset, and expertise in applicable laws and regulations.
Responsibilities
Assess the regulatory alignment of the logic in specific computer code (script) reviews in partnership with code experts for the Code Design Intent Review (CoDIR) process
Collaborate with script owners, business risk offices, and compliance partners across the enterprise to ensure regulatory risk stemming from scripts is appropriately managed
Engage with the Tech and Data Risk Management team to ensure regulatory risks are appropriately addressed within the Script Governance Standard and platform
Provide effective challenge and guidance on compliance risks related to the use of scripts and support lines of business through various interactions and forum engagements
Advise lines of business on application of Compliance requirements to the activities executed through the use of computer code/scripts
Assist, when necessary, in the assessment of regulatory risk associated with the use of models through the Model Compliance Inherent Risk Assessment (MoCIRA)
Identify trends in data and advise on identified emerging risks
Maintain subject matter expertise of applicable laws and regulations
Engage and respond to inquiries from Internal Audit and Regulatory Examiners covering the scope of regulatory risk stemming from the use of scripts
Conduct targeted validations and reviews on scripts that implement controls over applicable regulations
Maintain expert understanding of Compliance Risk Management Framework and applicable laws and regulations
Assist in capturing, maintaining, and analyzing compliance data, interpreting it to ensure consistency and adequate Compliance Risk Management
Requirements
Strong organizational skills, clear results orientation, and focus on achieving both short and long-term goals
Ability to navigate "gray space" or ambiguous situations to drive and execute an agenda in a fluid environment while managing competing priorities
Collaborative, solution-oriented mindset with solid teamwork skills; ability to build and leverage the capabilities of a high-performing team
Highly developed interpersonal, presentation, and communications skills (written and oral) coupled with strategic influencing skills and the ability to drive agreement through intellect, interpersonal, and negotiation skills
Millions of jobs, with real people getting hired every day
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7,000,000+
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1,000,000+
Tailored applications submitted
Ability to effectively challenge the first line of defense in a manner that is respectful and geared towards strengthening business initiatives
Successful track record of thriving in both a highly regulated industry and a fast-paced, entrepreneurial, and dynamic environment
Ability to balance operating independently with appropriate escalation and interaction with senior leadership
Ability to thrive as a team player and interact with associates across functions, departments, and job levels, both inside and outside the Compliance Department
Understanding of key regulatory and audit requirements and three lines of defense risk management framework
Self-starter with proven ability to develop new processes and procedures with little direction
Strong knowledge of the use of computer code and script to drive business processes
Bachelor
At least 2 years of experience in compliance, legal, or audit
At least 2 years of experience supporting, partnering, and interacting with internal business clients
Nice to have:
Master's Degree or Law Degree
4+ years of experience in compliance, legal, or audit
Certified Anti-Money Laundering Specialist, Certified Information Privacy Professional, Series 7, Series 24, Series 63, or Series 65 certification
Benefits
Performance-based incentive compensation, which may include cash bonus(es) and/or long-term incentives (LTI)
Comprehensive, competitive, and inclusive set of health, financial, and other benefits that support your total well-being
Important Details
Locations: Chicago, IL; McLean, VA; Plano, TX; Richmond, VA; Riverwoods, IL
About the Company
Capital One disrupted the credit card industry by personalizing credit card offers using statistical modeling and relational databases. This innovation has led the company to become a Fortune 200 company and a leader in data-driven decision-making.
At Capital One, we're making things better for our customers and associates through innovation and collaboration.
