The Role of Risk Manager in Capital One’s Retail Bank Premium Products & Experiences
As one of the leading financial institutions in the world, Capital One is dedicated to transforming the banking industry for the better. The company’s mission is to leverage technology in order to drive innovation, enhance efficiency, and create award-winning products. The core of these efforts lies with their passionate and committed associates, who bring their expertise and dedication to the table every day.
Driving Innovation: The Premium Products and Experiences (PPX) Business
The Premium Products and Experiences (PPX) business is an integral part of Capital One’s innovative approach. This division is responsible for driving the strategy behind rewarding and seamless experiences for premium customers. It is the team behind the award-winning Venture X credit card, a product that has set a new benchmark in the credit card industry.
PPX’s primary goals are to accelerate growth, create a sustainable advantage in the market, and unleash new possibilities for all Capital One Card customers. As the division pursues these ambitious goals, its leaders must make informed decisions constantly. These decisions are guided and informed by the insights and recommendations provided by the PPX Risk Advisors.
The Role and Responsibilities of a Risk Advisor
As a Risk Advisor, your role will be to provide professional risk judgment that enables the PPX business partners to tackle major business challenges. The objective is to win at the top of the market, a task that often involves complex initiatives requiring autonomous problem-solving. This involves engaging with stakeholders, researching solutions independently, and ensuring well-managed business process excellence.
As a Risk Advisor, you will be expected to:
- Develop a deep understanding of business strategies, products, services, and risk profile.
- Advise and consult with business teams to develop well-designed products, features, experiences, and supporting technologies in alignment with risk management policies and practices.
- Support business partners to drive risk/return trade-off decisions and recommend necessary control and/or monitoring activities.
- Serve as a liaison, interfacing with business partners, Tech, and other assurance functions, such as legal and compliance, to drive meaningful reductions in risk.
- Analyze and synthesize data and reporting to proactively identify risks and trends and provide valuable insights that support decision-making.
Qualities of a Successful Risk Advisor
To excel as a Risk Advisor at Capital One, you need to be communicative and influential, action-oriented and results-driven, curious and analytical, up for a challenge and fungible, and collaborative and team-oriented.
Furthermore, successful candidates typically have at least 3 years of Financial Services Risk Management or Compliance experience or credit card product experience, and at least 3 years of Project Management experience. Preferred qualifications include 4+ years credit card product, servicing, or credit risk management experience, 5+ years of Project Management experience leading cross-functional projects, and a baseline familiarity with AI, among others.
Capital One offers a comprehensive, competitive, and inclusive set of health, financial, and other benefits that support your total well-being. The company is an equal opportunity employer committed to non-discrimination in compliance with applicable federal, state, and local laws.
If you’re ready to take on a challenging and rewarding role, Capital One is always looking for talented individuals who are passionate about changing the banking industry for good. To learn more about this role and to apply, click Here.
