Credit Risk Audit Senior Manager

Capital One Mclean , VA 22107

Posted 3 months ago

McLean 2 (19052), 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.

Credit Risk Audit Senior Manager

The Internal Audit function within Capital One is a dedicated group of audit professionals focused on delivering top quality assurance services to the organization's Audit Committee. The Audit department is considered one of the leading internal audit functions within the financial services industry and is highly regarded within Capital One. Audit professionals are experienced, well-trained and credentialed, and operate within a highly collaborative team environment to deliver value added opinions and recommendations.

The Audit Senior Manager will be responsible for the planning and execution of audits associated with Capital One's various credit risk management functions and related activities. The Credit Risk Audit Senior Manager will be responsible for maintaining a centralized and coordinated view of Credit Risk Management, Loss Forecasting, Capital Management and Model Governance. The person in the role will provide assurance coverage over 2nd line Credit Risk Management groups (Consumer and Commercial) and develop and coordinate an effective Audit wide credit risk coverage and continuous monitoring. Finally, the Credit Risk Senior Manager will help maintain the Audit and Credit Review relationship.

Each audit assignment encourages the Candidate to apply business, technical and industry knowledge to assess business risk, identify and design risk-based tests of key controls, and lead the engagement team in performance of the audit. The candidate will also provide training and coaching to team members on assignments, and the broader Audit team. The candidate should be able to work independently, while exercising judgment in risk-based assessments and leading thought leadership activities within the Audit team.

Key Responsibilities:

  • Annual planning, risk assessment, and scheduling of Audit universe relative to risk management related functions. This may include Corporate Credit Risk Management, Consumer Credit Risk Management, Commercial Credit Risk Management, and Credit Review.

  • Direct or lead business process and project audits, focusing on the operational components of risk management.

  • Develop engagement planning documentation to communicate rationale for scoping decisions and develop audit program to ensure adequate coverage of risk.

  • Develop and maintain effective working relationships with key business partners within their assigned area, developing and functioning as a Subject Matter Expert relative to their assigned area on behalf of the broader audit team.

  • Effectively manage and develop direct reports through continuous feedback, coaching, and annual performance review process.

  • Design and execute internal control testing for entire audits or large supporting components. Plans, performs and leads audit tasks demonstrating a degree of audit expertise consistent with experience level.

  • On audit engagements facilitates teamwork, coordinates and leverages available resources to complete engagements on time.

  • Communicates complex results and implications, incorporates different perspectives into deliverables. Effectively communicates audit process scope, protocol, issues, risks and recommendations to clients during kick-off, periodic status updates, and exit meetings.

  • Demonstrates flexibility in responding to changes in assignment and job responsibility.

  • Leverages specialized knowledge and skills, providing management with insight into their area of subject-matter focus. May be called upon to effectively represent internal audit at management meetings, and to some external organizations.

Basic Qualifications:

  • Bachelor's Degree or military experience

  • At least 6 years of experience in auditing, at least 6 years of experience in credit risk management, at least 6 years of experience in financial analysis, or a combination

  • At least 4 years of experience in banking or financial services

  • At least 3 years of experience in people management

Preferred Qualifications:

  • Master's Degree in Auditing, Accounting, Finance, Economics, or Business Administration

  • Professional certification such as Certified Public Accountant (CPA), Certified Internal Auditor (CIA), Chartered Financial Analyst (CFA), or Certified Risk Manager (CRM)

  • 5+ years of experience in Credit Risk Management at a large bank or financial services organization

  • Extensive experience in credit risk management, credit policy or underwriting from a financial institution or consulting

  • An understanding of heightened regulatory expectations for "Strong" risk management

  • A track record of decision making and problem solving based on analytics; a strong quantitative orientation matched with conceptual thinking skills

  • Ability to combine business experience and insights with analytical modelling skills to reach results that are both intuitive and technically sound

  • Demonstrated analytical, critical thinking, and problem-solving skills

  • Excellent written and verbal communication skills

At this time, Capital One will not sponsor a new applicant for employment authorization for this position.

icon no score

See how you match
to the job

Find your dream job anywhere
with the LiveCareer app.
Mobile App Icon
Download the
LiveCareer app and find
your dream job anywhere
App Store Icon Google Play Icon

Boost your job search productivity with our
free Chrome Extension!

lc_apply_tool GET EXTENSION

Similar Jobs

Want to see jobs matched to your resume? Upload One Now! Remove
Multifamily Underwriting Analyst Risk Distribution And Credit

Freddie Mac

Posted 4 days ago

VIEW JOBS 1/16/2020 12:00:00 AM 2020-04-15T00:00 If you are an enthusiastic, self-motivated professional with a passion for commercial real estate, Freddie Mac Risk Distribution and Credit is the employer for you. The country's largest multifamily lender is seeking a highly motivated individual to join its fast-paced team in focusing on the information quality and credit assessment of loans originated for Freddie Mac's Multifamily securitization platform. The hired candidate will evaluate loans for credit risk through the review of I&E/cash flow and rent roll analysis, third party reports, loan structure, borrower credit worthiness, market analysis, asset quality, and final loan documents. Loan production is nationwide and spans multiple multifamily sub-types including student, seniors, and affordable housing. If you are interested in being intellectually challenged, helping create and preserve housing, and are a team player, come join a dynamic and exciting team. Your Work Falls Into Three Primary Categories: Analysis * Participate in the credit and underwriting analysis process and create Asset Summary Reports * Create and maintain credit reporting documents and trend analysis databases * Provide analytical and market research support * Works efficiently in Microsoft Office, proprietary data systems and on-line data sources * Applies job knowledge, company policies and principles and critical thinking to complete assigned tasks accurately, completely, independently and in a timely manner Due Diligence * Support the securitization due diligence process; assist with addressing rating agency and investor questions. Communication * Collaborate with Capital Markets, Underwriting, Production, Asset Management, and Legal to validate and update pertinent loan information. * Share credit reporting documents and trend analysis with Senior Management and across the Multifamily Division Qualifications * Typically has 0 to 3 years of related experience * Bachelor's Degree in Real Estate, Finance, Economics, or related field * Demonstrated proficiency in Microsoft Office (Excel, Word, PowerPoint, Access) * Excellent written and verbal communication skills * Prior experience with CMBS, GSE multifamily lending, rating agencies, or asset management is a plus Keys to Success in this Role * Curiosity and interest in Multifamily or Commercial Real Estate * Ability to work efficiently under tight timelines and prioritize multiple assignments * Strong quantitative, analytical, interpersonal, and organizational skills Preferred Skills Additional Information Today, Freddie Mac makes home possible for one in four home borrowers and is one of the largest sources of financing for multifamily housing. Join our smart, creative and dedicated team and you'll do important work for the housing finance system and make a difference in the lives of others. Freddie Mac is an equal opportunity and top diversity employer. EOE, M/F/D/V. Freddie Mac Mclean VA

Credit Risk Audit Senior Manager

Capital One