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Compliance Testing Manager- Swap Dealer

Location Melville, New York; New Orleans, Louisiana; McLean, Virginia; New York, New York
Job ID R100547 Updated date 09/15/2020
NYC 299 Park Avenue (22957), United States of America, New York, New York

At Capital One, we’re building a leading information-based technology company. Still founder-led by Chairman and Chief Executive Officer Richard Fairbank, Capital One is on a mission to help our customers succeed by bringing ingenuity, simplicity, and humanity to banking. We measure our efforts by the success our customers enjoy and the advocacy they exhibit. We are succeeding because they are succeeding.                                               

Guided by our shared values, we thrive in an environment where collaboration and openness are valued. We believe that innovation is powered by perspective and that teamwork and respect for each other lead to superior results. We elevate each other and obsess about doing the right thing. Our associates serve with humility and a deep respect for their responsibility in helping our customers achieve their goals and realize their dreams. Together, we are on a quest to change banking for good.

Compliance Testing Manager- Swap Dealer

The Compliance Testing Manager performs a key second line of defense role, to help ensure corporate initiatives and departmental processes  are being followed in accordance with written procedures and regulatory requirements across all applicable lines of business, specifically within the Swap Dealer Commercial Compliance Testing team. The Compliance Testing Manager will be responsible for executing well-defined, complex risk-based compliance transaction testing under the leadership of a team leader, for the purpose of independently validating Swap Dealer activities and determining compliance with applicable laws and regulations including-the Commodity Exchange Act (CEA), Commodity Future Trade Commission (CFTC), and the Volcker Rule.

Compliance Testing Manager will support lines of business by:

-Testing adherence to business regulatory requirements;

-Testing and investigating risk-based compliance transactions;

-Managing compliance to appropriate testing and document retention guidelines.

Additional responsibilities will include (but may not be limited to):

-Guided by team leadership, execute targeted, complex transaction testing for line of business compliance requirements in alignment with team and ICTT methodology and procedures

-Suggest changes to testing or perform high risk testing as needed

-Develop test plans, continually validate and improve test design

-Manage to test schedules to ensure all tasks and reporting are completed within established timeframes

-Obtain and analyze test data from multiple sources, following documented test plans, testing protocols and leveraging job aids as needed

-Support and initiate efforts to improve data sourcing and partner with business and IT areas to develop improved data sources

-Systematically retain documents that substantiate test results

-Establish and maintain strong relationships with Compliance Advisors and Business Areas

-Assisting in communicating results to Business Areas

-Track inspection results for ongoing analysis and trend reporting
-Assist management in the development of the inspection schedules and trend reporting

Basic Qualifications:

  •   High School Diploma, GED or equivalent certification
  • At least 4 years of Swap Dealer compliance advisory, audit, NFA examination or testing role


Preferred Qualifications:

  • Bachelor’s Degree in Auditing, Accounting, Finance, Economics, Information Systems or Business Administration
  • At least 4 years of compliance testing or 4 years of auditing experience, specific to Swap Dealer activities
  • Experience developing testing programs and test scripts 
  • Extensive knowledge and experience with swaps, derivatives, commodities and futures
  • Extensive knowledge of the CEA, CFTC regulations, Title VII of Dodd Frank Act and the Volcker Rule.


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

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, race, color, age, national origin, religion, physical and mental disability, genetic information, marital status, sexual orientation, gender identity/assignment, citizenship, pregnancy or maternity, protected veteran status, or any other status prohibited by applicable national, federal, state or local law. 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.

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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).