Principal Associate, Risk

Voyager , India, Bangalore, KarnatakaPrincipal Associate, Risk

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.

At Capital One India, we are at the cutting edge of solving fundamental business problems using advanced data methodologies, statistics, and machine learning algorithms. We analyze data to derive valuable business insights, make decisions, and develop innovative and patentable products.

We are looking for a Principal Associate to handle the Risk Management activities with a demonstrated ability to work well in teams, develop new ideas, and take ownership of the initiatives. Would you like to work in a collaborative environment where your contributions are recognized and rewarded, all the while having a work-life balance? If so, opportunity for professional and personal fulfillment in a dynamic, progressive organization awaits you at Capital One

As a Principal Associate, you will have dynamic responsibilities associated with Capital One India's Risk Management team, helping to ensure a timely and accurate month-end risk reporting, in addition to managing Policy documents and in-house Six-Sigma based framework - forming an integral part of the job. You will also work with an outstanding team to implement the Risk Management framework and collaborate on recommended solutions.

Responsibilities:

• Manage the India Risk Management team consisting of Risk and Assurance activities to ensure

  • Timely completion of all activities

  • Adequate cross training and backup

  • Completion of asks from India Leadership

  • Strategic planning for the Risk Management function
     

• PSP - Governance (Policies, Standards & Procedures)

  • Review and ensure compliance with the Enterprise Policy Program standard

  • Report on creation of new documents, renewals/ expiry of existing documents and Standard Adherence Assessment conducted by CPO (Corporate Policy Office)

  • Maintain repository of India wide documents

  • Influence updates to policies, standards to enhance risk management activities

  • Maintain Risk Management PSPs and SOPs and draft new documents as the team expands the scope of work
     

• Corporate Insurance

  • Renew and maintain following Insurance Policies

    • Worker's Compensation (WC)

    • Property Insurance

    • Directors and Officers Liability (D&O)

    • Commercial General Liability (CGL)

  • Coordinate with Insurance Broker and facilitate claims
     

• Physical Records

  • Facilitate storage and transport of physical records via third party

  • Maintain Inventory Index to track the data and retention requirements by Law
     

• Internal Audit

  • Finalize the vendor to conduct annual Internal Audit

  • Draft the scope and IA calendar

  • Coordinate with Internal teams and facilitate the IA

  • Assist in timely closure of observations/ recommendations

  • Report the status and details of observations to LT
     

• Prepare the Risk reports at India site level risk in the Enterprise Risk Management framework including key topics like

  • Phishing drill report to Leadership Team (LT)

  • Bi-annual Official Records (non-HR GDrive) certification and reporting to Risk Head

  • Quarterly Sensitive Data Assessment and reporting to Risk Head

  • Monthly Hard Disk Drive (HDD) remediation report to LT

  • Monthly Iron Mountain document storage to File manages, respective LTs
     

• Constantly work with US Risk Office and Cyber teams to expand the scope of Risk Reporting
   

• Prepare Assurance Reports including

  • Monthly Controls execution report to owners & relevant LT

  • Coordinate with Capital One US teams and India support teams to report status on:

    • IA TPM

    • ABAC

    • BCP testing

    • Standard Adherence Assessment

    • Statutory Audit
       

• Work closely with LT to maintain artefacts (like Vision, Roadmap, etc) in the internal portal for SLQ2CQ (Capital One internal Lean - Six Sigma based framework)
   

• Present the Risk and Assurance reports to LT in the following forums:

  • Monthly Business Review (MBR) - chaired by India head, US Risk Office head and US Legal head

  • Quarterly Risk, Legal & Tech Committee - chaired by India head, US Risk Office head, US Legal head and US Tech Head
     

• Ideate and implement Risk Management framework across Risk Taxonomy and refresh framework based on evolving business needs/ risks

• Partner with other Risk Management functions across the company and cross functional teams to conduct Process Level Assessments

• Maintain relationships with key stakeholders to ensure timely delivery of commitment

Basic Qualifications

• Bachelor's degree in Engineering 

• At least 7 years of experience in Banking/Risk Management

• At least 2 years of experience in Enterprise Risk Management

• Deep knowledge on:

  • Enterprise Risk Management framework and implementation

  • Three Lines of Defense framework

  • Handling/ facilitating Internal Audits

Preferred Qualifications

• 7+ years of experience in risk management

• Enterprise Risk Management - Level 2 qualified (by IRM - Institute of Risk Management)

• COSO framework, ISO 31000 and ISO 27001

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 (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 ; 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).

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