Principal Risk Associate | Retail Bank Tech

Principal Risk Associate | Retail Bank Tech at Capital One summary:

The Principal Risk Associate in Retail Bank Tech leads the identification, measurement, and mitigation of technology, cyber, data, and resiliency risks in a collaborative environment. They serve as a dedicated tech risk partner, working closely with engineering and business teams to ensure compliance and improve risk control frameworks. The role includes executing risk assessments, managing metrics, reporting to executives, and driving continuous risk management improvements across the division.

Principal Associate

Role Summary

The Principal Associate within the Tech, Cyber, Data, and Resiliency (TCDR) team will strategically apply analytical expertise to proactively identify, measure, and mitigate complex TCDR risks while simultaneously promoting and fostering innovation across the division. This is a highly collaborative role that requires partnerships with Technology, Business, and Second Line teams to identify and mitigate risks.

Additionally, the Principal Associate serves as a Dedicated Tech Risk Partner (DTRP) to key technology stakeholders. In this capacity, they function as a trusted risk partner who proactively manages risk by working closely with engineering teams to develop effective, compliant solutions and reporting to the executive leadership.

This position is central to driving organizational change through the effective identification, rigorous measurement, detailed analysis, and comprehensive reporting of TCDR risks. The Principal Associate acts as a subject matter expert, tasked with managing and continuously improving Tech Risk Metrics, with a specialized focus on Technology, Compliance, Stability, and Resiliency. They ensure a strong overall control environment across the division by maintaining a strong command of data risk frameworks and regulatory governance.

Support the end-to-end execution and continuous improvement of the Risk and Control Self-Assessment (RCSA) program. Finally, the role involves diligent tracking and analysis of the severity of critical incidents, documenting lessons learned, and identifying concrete preventative measures to mitigate future occurrences.

Responsibilities

• Serve as the go-to Tech Risk Partner for assigned engineering and technology teams, providing a "white glove service" approach to ensure all necessary risk management support, guidance, and resources are provided promptly.

• Proactively work with technical teams to develop and execute clear pathways to achieve compliance, drafting audit responses and reducing regulatory exposure and control failures.

• Ensure all TCDR governance questions, requirements, and compliance checks are addressed and integrated into new service intake processes, preventing downstream risk and redesign efforts.

• Participate in Material Tech Change (MTC) reviews to proactively identify and vet potential risk scenarios, assess threat models, and ensure controls are updated to reflect the planned changes to the technology environment.

• Support RCSA with facilitating cross-functional risk workshops to identify and evaluate inherent risks and control effectiveness, documenting clear conclusions and insights across these technical domains.

• Conduct thorough control analysis to identify design gaps, missing documentation, or outdated controls, partnering with business leaders to perform risk leveling and ensure appropriate control coverage.

• Prepare high-quality executive reports that summarize the Tech, Cyber, Data, and Resiliency point of view on technology risks derived from the RCSA process.

• Foster collaborative relationships with stakeholders across the Second Line and Third-Party Risk Management to ensure risk alignment.

• Monitor the progress of remediation activities, following up on outstanding control actions or delays to ensure timely risk mitigation.

• Support control dissertation by managing spreadsheets with up-to-date RCSA materials and comprehensive summaries.

• Subject Matter Expert for metrics in four categories:
  Compliance, Resiliency, Release Management, and Stability.

• Develop and maintain a living standard…