Capital One Senior Manager - Capital Risk Oversight in McLean, Virginia
McLean 1 (19050), United States of America, McLean, 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.
Senior Manager - Capital Risk Oversight
The Capital Risk Oversight team is seeking a motivated candidate for a Sr. Manager, Capital Markets position. Capital Risk Oversight is a second line of defense function responsible for oversight of the company’s capital measurement and management. This includes internal capital requirements (economic capital), stress testing (CCAR / DFAST), regulatory requirements (Basel), capital allocation, overall capital frameworks, and regulatory compliance.
The second line of defense is both an expert advisor to the first line and an effective challenger of first line risk activities. The successful candidate will help to influence the company’s capital approaches and processes, and will build strong partnerships with the first line of defense capital teams and other internal independent review and challenge organizations (e.g., Risk Management, Market and Liquidity Risk Oversight, Model Validation, and Audit).
Lead a team that is responsible for partnering with Market and Liquidity Risk Oversight to provide effective challenge of the Net Revenue component Capital One’s stress testing projections, with a focus on Non-Interest Income and Non-Interest Expense by focusing on forecasting methodologies, assumptions/inputs, risks, results, and business decisions
Design & execute effective challenge in accordance with established Standards and Procedures, including developing and maintaining appropriate documentation, quantitative and qualitative analysis, including benchmarking analysis
Partner with other groups that perform effective challenge to ensure a consistent, high standard is maintained across all aspects of stress testing
Prepare communications to senior management, the Board, regulators, and auditors
Maintain an understanding of industry best practices, trends, and supervisory guidance with respect to capital measurement and management
The ideal candidate will possess:
Working knowledge of capital concepts and capital’s impact on business decision-making and risk management in a large banking environment
Experience either producing or overseeing the production of forecast results at a complex financial institution, particularly with respect to Net Revenue
Strong analytical skills, with capability to critically assess financial modeling results
Strong communication skills, both written and verbal, and ability to effectively influence internal business partners
Problem solving and innovative thinking skills
Ability to build relationships across a broad range of internal and external constituencies
Ability to apply strong judgment in areas of ambiguity
Ability to implement governance frameworks and regulatory compliance
Bachelor’s Degree or military experience
At least 3 years of experience in Capital measurement and management
At least 3 years of experience in Financial analysis
At least 3 years of experience with governance processes
At least 3 years of experience in presentation skills.
Proficiency in Microsoft Office Suite
Bachelor’s Degree in Finance, Economics, or related field
Master’s Degree in Business Administration (MBA) or Master’s Degree in Finance or Advanced Degree in Mathematics or Science
Chartered Financial Analyst (CFA) license, Certified Public Accountant (CPA) license or other Finance/Risk Management professional certification(s)
5+ years’ experience in financial analysis, business analysis, or financial modeling
5+ years’ experience managing regulatory compliance or corporate governance requirements
Ability to understand and implement regulatory and corporate governance issues and compliance
Experience managing a team of direct reports
Knowledge of/aptitude with technologies such as Python, SQL and R is strongly preferred
At this time, Capital One will not sponsor a new applicant for employment authorization for this position.