Compliance Tester III – Retail Bank

Overview

Compliance Tester III – Retail Bank

The Compliance Tester III (Principal Associate) performs a key second line of defense role, to help ensure business processes are met across all applicable lines of business, specifically within the Capital One Retail Bank, Premium Products & Experiences (PPX) and Shopping Compliance Testing team. The Compliance Tester III will execute risk-based control reviews under the leadership of a team lead, for the purpose of independently validating business line adherence to applicable Laws including, but not limited to: Regulations CC, D, DD, E, and FCRA. 

As a Compliance Principal Associate, you will execute control reviews based on the line of business, the regulatory risks that business faces, and internal processes. You will collaborate with an experienced and diverse group of Compliance professionals to provide independent testing for the lines of business against Capital One’s risk management framework.

Responsibilities will include (but may not be limited to):

• Under the leadership of a team leader, execute targeted, complex control reviews for line of business compliance requirements to effectively challenge business controls in accordance with team, program and enterprise methodologies.

• Manage 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.

• Develop innovative ways to approach control reviews.

• Identify and implement new technologies and innovative concepts.

• Demonstrate an understanding of testing methodology, business processes, control frameworks, and related regulatory and compliance requirements.

• Establish and maintain strong relationships with Compliance Advisors, the Risk Office and Business areas.

• Ensure engagement with proper points of contact throughout the testing process.

• Systematically retain documents that substantiate control reviews with a high level of accuracy.

• Review deliverables executed by peers for accuracy and adherence to procedures.

• Submit control review results in the system of record.

• Communicate results to Compliance Officers, Advisors, 1st Line of Defense Testing and Business area, as needed.

• Ability to work cooperatively and effectively with supporting team members to meet departmental goals.

• Maintain strong time management, organizational and prioritization skills; ability to complete multiple concurrent tasks within close deadlines with a high degree of accuracy and detail.

Basic Qualifications:

• High School Diploma, GED or equivalent certification

• At least 3 years of experience in audit, compliance, risk management, controls, or transaction reviews 

• At least 5 years of experience in Financial Services

Preferred Qualifications:

• Bachelor's degree in Auditing, Accounting,  Finance,  Economics, Information Systems, or Business Administration

• 6+ years of experience in financial services monitoring, auditing, risk management, or compliance experience

• Certified Regulatory Compliance Manager (CRCM) accreditation,  Fair Credit Reporting Act (FCRA) for Data Furnishers, Certified Information Privacy Professional (CIPP), Certified Fraud Examiner (CFE), Certified Anti-Money Laundering Specialist (CAMS)

• Experience analyzing test scripts using SQL/Python to test full populations

• Proficiency with Microsoft Office and Google G-Suite

• Strong communication skills

• Strong problem-solving and conceptual thinking skills

• Knowledge of data analytics, Optical Character Reader, Robotic Process Automation or Artificial Intelligence

• Basic understanding of data schemas or cloud data structure

• Experience with data analytics teams to help drive innovative testing approaches

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

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 Compliance Tester III

Melville, NY: $128,000 - $146,100 for Compliance Tester III

New York, NY: $128,000 - $146,100 for Compliance Tester III

Richmond, VA: $106,700 - $121,700 for Compliance Tester III

Wilmington, DE: $106,700 - $121,700 for Compliance Tester III

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 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 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).