Finance Risk Management –Sr. Associate - Capital One

Job ID R67361

Updated date 03/07/2019

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.

Finance Risk Management –Sr. Associate

The Finance Risk Management (“FRM”) Control and Transaction Testing Sr. Associate performs a key first line of defense role, to help ensure corporate initiatives and departmental process compliance 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 tests across various lines of business (LOBs) related to Capital Markets and a basic understanding of regulatory requirements and controls as applied to business processes is expected. This position requires interactions with a variety of stakeholders and subject matter experts and, at times, supports the broader FRM team via related governance activities and specialty projects.


  • Develop and execute transaction and control tests across multiple LOBs and workstreams
  • Adhere to FRM testing methodology, including Procedures, job aids and interaction models
  • Write test questions, perform and review tests across full spectrum of complexity, including assessments for Design and Operating Effectiveness
  • Through testing, determine business process adherence to applicable laws, regulatory requirements, business requirements and controls
  • Document test results per FRM testing methodology; escalate issues as appropriate
  • Support retrieval and quality assurance of data used for testing across tests executing 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 1 year of experience in risk management or regulatory compliance
  • At least 1 year of experience in process, control design or execution testing

Preferred qualifications:

  • CIA, CQIA, CRCM, APRM, ICBRR or related professional certification
  • At least 2 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)
  • At least 2 years of experience in process or control design and execution testing via quality assurance, audit or examination
  • Strong critical thinking, and problem-solving skills; effective communication and collaborative abilities
  • Ability to work independently and flexible to change in a fast-paced environment that requires the balancing of competing priorities
  • Working knowledge of and ability to use MS Office applications such as Word and Excel

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).