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Principal Analyst, Capital Markets and Risk

Job ID R88263 Updated date 12/03/2019 Location Richmond, Virginia; McLean, Virginia
West Creek 3 (12073), United States of America, Richmond, Virginia

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.

Principal Analyst, Capital Markets and Risk

Capital One is seeking a motivated professional to join the Finance Risk Management (FRM) Control and Transaction testing (CTT) team as a Principal Analyst. As a member of FRM, the associate  will play a key role in executing robust and proactive risk management programs, partner with and influence key stakeholders to achieve business value while ensuring Finance is operating within enterprise risk management frameworks, and enable a strong culture of risk management that’s adaptable to a changing environment. 


The Principal Analyst performs a key role within Capital One’s line of defense risk management model, to help ensure corporate initiatives and departmental processes comply with applicable laws, regulations, business requirements and controls. This position is responsible for developing and performing independent testing of processes and controls accurately and timely per the established testing methodology. The role builds and executes tests across various Finance lines of business (LOBs) and a basic understanding of regulatory requirements and controls as applied to business processes is expected. The Principal Associate partners with numerous stakeholders and subject matter experts and supports FRM’s overall objective of ensuring the Finance Division maintains an effective risk and control management environment.  


General Responsibilities:

-Establish and maintain effective engagements with risk advisors and Finance business partners to provide business value through robust and effective assessments of the control environment.   

-Develop and execute transaction and control tests across multiple LOBs (line of business) and workstreams in accordance with FRM (finance risk management) testing methodology, including procedures, job aids and interaction models

-Design test approaches, perform and review tests across full spectrum of complexity, including assessments for design and operating effectiveness

-Assess business process adherence to applicable laws, regulatory requirements, business requirements and controls

-Document test results per FRM testing methodology; escalate testing exceptions as appropriate and partner with and influence stakeholders to achieve appropriate, agreed upon remediation. 

-Develop reporting and provide results to LOB partners

-Support retrieval and quality assurance of data used for testing across tests executed within each month

-Support related governance activities, projects, audits or exams, as requested

-Understand regulatory and business process environment changes and the impact of those changes to current and upcoming tests


Basic Qualifications:

-Bachelor’s degree or military experience

-At least 2 years of experience in risk management or regulatory compliance

-At least 2 years of experience in process design, control design, or execution testing


Preferred Qualifications:

-4+ years of experience in risk management or regulatory compliance, preferably in the financial services sector (e.g., compliance, legal, audit, data governance, business risk office, credit risk management)

-4+ years of experience in process or control design and execution testing via quality assurance, audit or examination

-CIA, CQIA, CRCM, APRM, ICBRR or related professional certification

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.

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 All information you provide will be kept confidential and will be used only to the extent required to provide needed reasonable accommodations.

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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).