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Regulatory Reporting Quality Assurance Associate

Job ID R88294 Updated date 11/26/2019 Location Richmond, 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.

Regulatory Reporting Quality Assurance Associate

The Regulatory Reporting Quality Assurance team within Capital One is looking for a highly motivated professional  who shares our values and seeks continual growth and challenge in their career.

The  Associate role will involve assessing and addressing regulatory and financial reporting risks, including validation and enhancement of reporting data integrity. We are seeking a dedicated and disciplined professional who excels in a collaborative environment and will take ownership of their responsibilities. This person will have excellent communication skills, very strong analytical skills, attention to detail, a risk management mindset, and have the ability to adapt to change quickly.

The RRQA team is responsible for the following:

  • Performing independent risk assessment over regulatory reports, including the FR Y-14M and FR Y-14Q reports and corresponding schedules, and the product data consumed in the regulatory report filings 

  • Performing independent control testing over the FR Y-14M and FR Y-14Q report production controls to evaluate control design and operating effectiveness

  • Reviewing products and transactions to ensure accurate coding at source system and verify them against contract documents (analyze and identify the appropriate data coding)

  • Performing testing and evaluation of reported balances and other information (based on transaction nature and underlying contractual information)

  • Concluding and reporting on noted errors, and recommendations developed, with appropriate action plans and owners 

  • Ensuring appropriate closure of action plans developed in response to previous reported findings 

  • Establishing and maintaining strong working relationships across businesses and other control groups (i.e., risk management, compliance, legal, etc.) 

  • Working closely with business and information technology colleagues across lines of business as issues emerge and reporting them timely to management and other stakeholders; 

  • Developing recommendations to strengthen internal controls and improve operational efficiency, where appropriate 

  • Staying current with evolving industry and regulatory changes

  • Coordinate training efforts by assisting to prepare educational and training materials


  • Assist with full-cycle controls testing program management, including scoping and engagement planning, tracking and managing testing workflow and status through Workiva WDesk reporting and dashboarding tools, executing data quality checks to ensure completeness and accuracy of testing performed, aggregating and communicating test results and recommendations with stakeholders, and validating issue remediation

  • Identify opportunities to enhance, streamline, and automate controls testing program management processes

  • Assist with performing risk assessments of regulatory reporting and QA engagement planning, including communication of the rationale for scoping decisions

  • Assist with performing transaction level procedures, including, but not limited to, identifying and defining issues, reviewing and analyzing evidence, documenting target area processes and procedures, and recommending remediation

  • Assist with preparation of written reports and oral presentations to communicate identified issues and recommended remediation actions

  • Develop and maintain high level of knowledge around regulatory reporting compliance and risk management 

  • Develop understanding of the broader context of implication of regulatory reporting risks affecting the company

  • Build and maintain good working relationships with other lines of business and senior management to improve overall quality of regulatory reporting

  • Deliver appropriate, succinct and organized information, tailoring communication style to audience 

  • Other responsibilities as deemed necessary


  • Ability to organize and present data in a meaningful way, including analyzing and summarizing detailed information from various sources

  • Strong written, communication, and presentation skills, including the ability to liaise with and influence senior subject matter experts

  • Strong quantitative and qualitative analytical skills

  • Ability to multi-task and adapt quickly to change

  • Ability to work within a team and to collaborate with peers and leadership to create effective solutions to validation issues

  • Ability to create and manage detailed project plans including managing interdependencies

  • Ability to effectively collaborate with technology to implement automation to drive process efficiencies

  • Sense of ownership and accountability for work

  • Possesses interpersonal skills, makes sound decisions, exhibiting initiative and intuitive thinking

Basic Qualifications:

  • Bachelor's Degree or military experience

  • At least 1 year of Accounting, Finance, or Audit experience

Preferred Qualifications:

  • CPA

  • Bachelor’s Degree in Accounting or Finance 

  • 2+ years of Accounting, Finance, or audit experience within the financial services industry

  • 2+ years of experience in a role supporting a finance or reporting function

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).