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Corporate Banking Risk Associate

Job ID R77824 Updated date 06/13/2019 Location New York, New York; Richmond, Virginia
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.

Corporate Banking Risk Associate

The Capital One Commercial Banking division services a $50 billion loan portfolio, serving more than 4,100 clients and over 35,000 accounts. The candidate will rely on their hands-on deep understanding of Commercial Banking to provide risk guidance as well as manage operational risk activities directly on behalf of the business and its supporting partners throughout the company.

This role is part of the Commercial Risk team, which leads Non-Credit risk management for the Commercial Bank.  Departmental functions include: policies and procedures, training and awareness, operational risk framework, process identification and standards, control monitoring and testing, operational risk reporting, issue and event management, business continuity management, information security, third party management, risk identification, assessment, mitigation and reporting.  Commercial Risk interacts with internal and external partners for Audit and credit reviews, regulatory exams and compliance assessments and is the point of contact for all second line operational risk management including business continuity, third party management, information security, access management, model governance, SOX and Basel II readiness.

The Role:

Commercial Risk is the first line of defense managing Non-Credit risk across the Commercial Bank lines of business, and its Coverage Officers are accountable for managing all facets of operational risk by providing risk services to our business partners. This associate will assist the Corporate Banking Risk Advisors in their day-to-day activities to help manage operational risk for the Corporate Banking line of business within Commercial Banking.

As an associate on the Corporate Banking Risk Advisor Team, your role will require excellent communication and interpersonal skills; the ability to work autonomously, identify areas of opportunity, and manage to changing priorities; and a desire to help the Commercial Bank businesses prosper while also adequately managing operational risk.

Strong problem solving, integrative thinking, prioritization and communication skills are essential for role success.  Additionally, building win-win partnerships with multiple business stakeholders as well as across Commercial Risk work streams and teammates, while adapting to and managing change in a fast-paced, dynamic environment, are key for this role. 

Job Responsibilities:

  • As a first line of defense liaison, work with Commercial Risk team leads to coordinate business interactions that add value and optimize efficiency for business leaders
  • Manage tasks and activities related to proactive risk management initiatives to reduce the residual risk within the business
  • Support Risk Advisors with ad-hoc deliverables and investigations
  • Deliver materials requested in audits and exams with various stakeholders across the lines of defense
  • Provide excellent service to both business partners and Commercial teammates
  • Execute processes and deliverables that support internal governance processes
  • Manage, implement and deliver on a subset of the program deliverables including drafting communications, writing and editing policies, procedures, business continuity plans, audit remediation responses, etc.
  • Act as issue manager on all events and issues related to the business, including coordination of remediation activities
  • Create, edit and manage multiple facets of business unit risk reporting

Basic Qualifications:

  • Bachelor's degree
  • At least 1 year of experience in financial services

Preferred Qualifications:

  • At least 2 years of experience in Risk Management, or at least 4 years of experience in Compliance, or at least 4 years of experience in Audit
  • At least 4 years of proficient experience creating and maintaining information in PowerPoint, Excel, and Word
  • At least 1 year of experience in Commercial Banking


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).