Senior Associate, Risk Management - Commercial Credit Policy and Governance

Senior Associate, Risk Management - Commercial Credit Policy and Governance

Capital One’s Policy and Governance Team is a second line of defense function housed within Governance, Valuations, & Innovation (GV&I). GV&I is responsible for Credit Risk Policy, Risk Governance, and Risk Appetite activities for the Commercial Bank. The team’s contribution is critical in providing a foundation for sound risk management practices, complying with internal policies, regulations, and exhibiting the overall culture of Capital One.

Role Description

The Policy & Governance Team is seeking a motivated self-starter to join our dynamic team. The role offers exposure to a broad set of risk management activities and opportunities for professional growth. The individual will partner with associates across the Commercial Bank and Credit Risk Management organizations to support efforts to streamline policy frameworks and implement strategic, transformative changes for the firm.

The ideal candidate should have an understanding of commercial banking or risk management practices and be looking to deepen their knowledge of credit risk policy and governance. They must be able to effectively communicate and influence partners across multiple functional areas and levels of the organization. Strong analytical skills, attention to detail, and the ability to adapt in a dynamic environment are essential to succeeding in this role.

Specific responsibilities include, but are not limited to:

• Supporting the management of credit policy lifecycle, including drafting policy updates and communicating changes to stakeholders

• Assisting stakeholders with policy questions

• Collaborating with stakeholders across the three lines of defense to ensure products and initiatives are in compliance with regulatory and internal policy requirements

• Assisting with ad-hoc projects and initiatives

• Formulating and implementing solutions, leveraging technology and data, to enhance credit risk frameworks and processes

• Promoting GV&I’s learning and culture by facilitating continuous learning activities and team interactions

Desired Skills:

• Self-starter with a background in risk management, risk governance, or credit underwriting

• Understanding of commercial banking activities and the three lines of defense framework

• Effective verbal and written communication skills, including the ability to prepare presentation materials

• Aptitude for synthesizing complex issues into a clear and concise summary

• Keen attention to detail

• Proactive and results-oriented

• Independent problem-solver with ability to navigate ambiguity

• Ability to establish credibility, trust, and support within all levels of the organization

• Willing to learn, adapts easily to change, and confident with diverse thinking

• Knowledge and experience using Google Workspace (e.g., Sheets, Slides, Docs)

Basic Qualifications:

• Bachelor’s degree or military experience

• At least 2 years of experience in risk management, risk governance, or credit underwriting at a financial institution or consultancy firm

Preferred Qualifications:

• 3+ years experience with one or more of the following: commercial risk governance and oversight, corporate or commercial real estate lending

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.

Chicago, IL: $87,700 - $100,100 for Sr. Risk Associate

McLean, VA: $96,500 - $110,100 for Sr. Risk Associate

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.

If you have visited our website in search of information on employment opportunities or to apply for a position, and you require an accommodation, please contact Capital One Recruiting at 1-800-304-9102 or via email at [email protected] . All information you provide will be kept confidential and will be used only to the extent required to provide needed reasonable accommodations.

For technical support or questions about Capital One's recruiting process, please send an email to [email protected]

Capital One does not provide, endorse nor guarantee and is not liable for third-party products, services, educational tools or other information available through this site.

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).