Director, Regulatory Practices - Enterprise Services Risk
The Enterprise Services Risk organization is expanding with a focus on attracting innovative, pioneering, collaborative, and highly skilled professionals. We operate at the forefront of risk management, providing support for novel and developing technologies, as well as critical business strategies. Diverse perspectives and experiences are valued as we work to redefine the financial sector.
As a Risk Director within the Enterprise Services Risk Regulatory Practices team, you will apply your analytical and delivery skills to our highest profile Regulatory engagements and projects. You will partner across Enterprise Services (ES) to develop and support successful, forward-thinking regulatory engagements and reporting in a manner that supports innovation, protects our customers, shareholders, and associates, and considers themes, opportunity patterns and scale across the function and enterprise. You will partner with peers and senior leaders, in the first, second and third lines of defense to drive the best outcomes for the ES regulatory engagements in an open, collaborative environment where new ideas and solutions are both welcomed and rewarded.
Enterprise Services Risk team members are experienced, well-trained, and progressive individuals operating within a highly collaborative team environment to deliver value-added risk services to our business partners. The successful candidate will be a highly-motivated Risk Management professional with excellent leadership, project management, analytical, planning, collaboration, strategic thinking and communication skills.
You should consider this role if you:
- Understand the regulatory environment and relevant financial services regulatory agencies
- Closely follow regulatory policy and related developments in banking and financial services
- Understand risk management practices as it relates to financial services
- Enjoy interacting with senior leaders and stakeholders across the organization
- Possess strong critical thinking, written, and verbal communication skills
- Thrive in a dynamic, fast-paced environment where priorities often change
Responsibilities:
- Operate within a highly collaborative team environment, manage time with a sense of urgency to ensure regulatory deliverables are completed within established timeframes
- Develop and maintain the methodology, engaging the right business leaders and resources, and driving the prep work to meet with and respond to regulators
- Utilize a proactive and consistent approach relying on clear milestones, expectations, roles and responsibilities, along with risk intelligence, strategic direction, and collaboration
- Ensure that processes are well managed through the creation and maintenance of process documentation and tools
- Support regulatory engagement planning, management, and reporting across Enterprise Services functions. Coordinate regulatory reporting and key updates for senior management, synthesizing regulatory developments into clear, concise, and actionable summaries
- Participate in regulatory engagements through documentation and quality assurance review of evidence prior to submission to examiners.
- Provide proactive and on-going regulatory intelligence to the divisions to ensure they remain well-managed. Provide proactive insight into upcoming engagements using intel gathered throughout the process including historical insights. Connect dots across regulatory interactions and driving internal awareness among Enterprise Services Risk, Regulatory Affairs, and business leadership across the enterprise, of focus areas and potential sensitivities to minimize regulatory risk, and ensuring the enterprise is meeting expectations set forth by law, regulation, and agency guidance
- Prepare senior leaders who meet regularly with Regulators to provide an update on performance, progress on large initiatives, and provide deep dives as needed to address questions or provide additional context
- Contribute to a readiness assessment of the end to end process being examined to identify any control gaps or weaknesses, potential issues and potential emerging risks.
- Oversee and review regulatory responses across the full lifecycle, including facilitating integration and prioritization of various regulatory commitments into proactive risk management efforts, in collaboration with other risk partners
- Drive consistency and automation in all reporting and processes
- Lead the coordination of timely and accurate responses to inquiries, requests, and reporting requirements issued by regulatory bodies, ensuring consistency
- Monitor remediation efforts and corrective actions of findings and risks to ensure implementation by deadlines. Assist with documentation on finding remediation efforts including iterative milestone deliverables and overall finding completion, manage list trackers, and evidence.
Basic Qualifications:
- Bachelor's Degree or military experience
- At least 7 years of experience in Risk Management, Process Management, Project Management, or a combination of these
- At least 7 years of experience working with regulatory agencies, financial services institutions, consulting, or internal Audit
- At least 3 years of experience in people management
Preferred Qualifications:
- 4+ years of people management experience
- 8+ years of experience in Risk Management, Process Management, Project Management, or a combination of these
- 10+ years of experience working with regulatory agencies, financial services institutions, consulting, internal Audit, technology, or cyber security
- 8+ years of experience supporting integrated projects or programs where both internal senior leaders and external stakeholders are your customers
- 8+ years of experience working for a regulatory body
- Risk Certifications (CRISC, CISM, CRCM, CIPP, or ABA Risk Management Certification)
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: $230,400 - $263,000 for Director, Cyber Risk & Analysis
Richmond, VA: $209,500 - $239,100 for Director, Cyber Risk & Analysis
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).