Healthcare Risk Manager Jobs in Virginia (NOW HIRING)

Principal Associate, Risk Manager

At Capital One, models are the engines that drive our most salient business decisions. Capital One's Model Risk Office (MROf) governs and maintains these engines to meet regulatory standards by defining the model risk management (MRM) framework and model governance practices for the company.

As a Principal Associate, Risk Manager within the Model Risk Office, you will serve as a critical line of defense in ensuring the integrity of the models that power our enterprise. This isn't just about checking boxes; it's about becoming a subject matter expert in Model Policy and applying high-level judgment to ensure our model inventory remains stable, effective, and compliant.

You will sit at the intersection of policy and execution, managing the controls that mitigate risk and performing deep-dive compliance testing to ensure our most complex tools meet rigorous internal standards.

Responsibilities include but are not limited to:

• Control Execution: Rigorously execute both key and non-key controls to identify and manage risk within the Model Risk Office.

• Compliance Testing: Conduct detailed testing of sampled models to verify they meet established policy criteria and regulatory expectations.

• Policy Stewardship: Become a go-to expert on Model Policy, interpreting guidelines to provide clear direction to stakeholders. Become a go-to expert on our governance system of record, deep understanding of how policy is supported by the system and assist stakeholders with issues.

• Reporting & Communication: Translate complex testing results into clear, professional business and technical write-ups for leadership.

• Process Optimization: Actively identify "the better way"-finding efficiencies in existing workflows and control environments.

The ideal candidate for this role can be described as someone who is:

• Technical Toolkit: Proficiency in Google Workspace (specifically Sheets for data tracking and Slides for executive presentations).

• Communication Mastery: Exceptional business and technical writing skills. You can take technical findings and turn them into a narrative that influences stakeholders.

• Judgment & Influence: The ability to look beyond a checklist to identify underlying risks and the confidence to influence partners to adhere to policy.

• Ownership Mentality: A "full-stack" approach to tasks-taking projects from initial assignment to final delivery with minimal oversight.

Basic Qualifications:

• Bachelor's degree or military experience

• At least 5 years of risk management experience

• At least 2 years of operational or model risk management experience

• At least 3 years of Project Management experience

• At least 2 years of experience supporting, partnering and interacting with internal business clients

• At least 3 years of experience using Microsoft Excel or Google Sheets, with a proficiency in joining disparate data sets to analyze and solve challenges

Preferred Qualifications:

• 3+ years of operational or model risk management experience

• 2+ years of experience within financial services

• At least 2 years of experience working with and applying the standards set forth in supervisory letters guiding model risk management, to include OCC Bulletin 2011-12 and FRB SR 11-7

• Lean, Agile or Six Sigma 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: $120,800 - $137,900 for Principal Risk Specialist

Richmond, VA: $109,900 - $125,400 for Principal Risk Specialist

Riverwoods, IL: $109,900 - $125,400 for Principal Risk Specialist

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 theCapital 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 RecruitingAccommodation@capitalone.com. 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 Careers@capitalone.com

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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).