Counterparty Risk Senior Manager
The Counterparty Risk Senior Manager is responsible for developing and executing risk methodology and mitigation strategies. This role entails ensuring accurate documentation of partner relationships, including business contacts, evidence of existence, and financial statements. The Senior Manager will lead a team in executing risk strategies while coaching members to identify, manage, and escalate risk effectively.
Responsibilities:
- Manage a team, including hiring, performance management, development decisions, and coaching
- Develop and evolve effective Counterparty Risk management programs, including procedures, controls, reporting, and overseeing system enhancements
- Execute Counterparty Risk strategies and programs, ensuring relationships are reviewed in accordance with established procedures
- Ensure appropriate Counterparty due diligence is conducted and all "Know Your Customer" (KYC) elements are collected
- Develop contractual recommendations to mitigate risk and participate in negotiations
- Manages partners at risk
- Ensure partner records are updated following changes in ownership
Basic Qualifications:
- Bachelor’s Degree or military experience
- At least 6 years of Financial Services Counterparty Risk Management experience
- At least 3 years of people management experience
- At least 3 years of credit or financial analysis experience
Preferred Qualifications:
- Bachelor’s Degree in Finance or Accounting
- Experience reviewing financial statements
- Experience with Excel or Google Sheets
- Payments industry experience
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: $177,700 - $202,800 for Sr. Risk Manager
Riverwoods, IL: $161,500 - $184,300 for Sr. Risk Manager
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 the Capital 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 (EOE, including disability/vet) committed to non-discrimination in compliance with applicable federal, state, and local laws. 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).