Senior Risk Associate - Financial Crimes Risk Management

Overview

Senior Risk Associate - Financial Crimes Risk Management

Are you ready to work on the front line helping to manage financial crimes risk at a top 10 Bank? As a Senior Risk Associate in the Commercial Risk Office at Capital One you’ll be responsible for working with business partners to identify and mitigate potential money laundering risks to Capital One. Senior Risk Associates at Capital One are the front line of defense to ensure our company remains stable and profitable.

Senior Risk Associates at Capital One are highly motivated Risk Management professionals with excellent organizational and communication skills. They have a high level of exposure across lines of business and have the opportunity to create and implement innovative solutions to identify and mitigate potential risks.

As a Commercial Risk Senior Risk Associate on the Financial Crimes Risk Management (FCRM) Team, you will be responsible for working with business partners to help identify, develop and implement innovative strategy solutions to fight money laundering and strengthen the Bank’s end to end “Know Your Customer (KYC)” processes. FCRM and Commercial Risk associates not only collaborate across the Commercial division, but also have meaningful interactions across the lines of defense with Compliance and Audit, to support well-managed risk practices and establish mitigation strategies against these risks.

This role will focus on Anti-Money Laundering (AML) risk management activities and will be responsible for providing guidance to the Line of Business to ensure that they are executing their processes in accordance with the organizational expectations and mandated KYC regulations. You will help disseminate risk-based guidance tied to second line interactions, including coordinating remediation and management of breakdowns, as well as the development and reporting of key risk indicators (KRIs) to highlight the Bank’s performance to leadership. In this role, you will apply communication, results focus, and problem solving skills to provide advice, as well as support critical initiatives to improve the Bank’s risk management processes.

Effective communication and reporting to all levels, building partnerships with multiple stakeholders across the lines of defense, and adapting to and managing change in a fast-paced, dynamic environment are default essentials for this role.

Responsibilities

• Lead complex financial crimes risk management initiatives, including the ongoing investigation of process and transaction-level breakdowns

• Develop key metrics and indicators to demonstrate the effectiveness of Commercial’s AML-risk management programs

• Leverage innovation skills to enhance the process and control environment to improve the Bank’s overall AML risk profile

• Assist with managing breakdowns and crafting remediation strategies in key systems of record to support multiple stakeholder groups

• Co-Lead various Risk Assessments for the Commercial Central Know Your Customer (cKYC) Team, including Divisional Risk Assessments, Process Level Assessments (PLAs), Risk and Control Self Assessments (RCSAs), Critical Business Process (CBP) Analysis, and ongoing control assessments

• Support Commercial Bank AML- related Audits and Exams
  

Basic Qualifications

• Bachelor's Degree or Military experience

• At least 2 years of Financial Services, Management Consulting, or Risk Management experience
  

Preferred Qualifications

• At least 3 years of demonstrated AML / KYC experience

• At least 3 years of experience with process or project management

• At least 3 years of risk management and/or consulting background in traditional or business banking

• Highly proficient in creating and maintaining information in Microsoft Office (PowerPoint, Excel, and Word) or Google Suite (Slides, Sheets, and Docs)

• Commercial Bank experience
  

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

#CommRisk

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.

Richmond, VA: $87,700 - $100,100 for Sr. Risk Associate

Charlotte, NC: $87,700 - $100,100 for Sr. Risk Associate

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 the Capital 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 [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]

Capital One does not provide, endorse nor guarantee and is not liable for third-party 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).