Capital One
Finance
PrincipalRiskSpecialistUnderwritingQA
“Principal Risk Specialist - Underwriting QA at Capital One. Skills: Quality Assurance, Risk Management, Underwriting, Credit Operations. Conduct reviews and testing procedures to determine compliance with Underwriting policies, procedures, and controls on new loan requests, renewals, annual reviews, interim reviews, modifications, and WAC reviews. Communicate review findings to appropriate parties and recommend corrective action plans to control defects’ occurrence”
What You'll Achieve.
Proactively identify, evaluate, and mitigate potential operational risks associated with underwriting practices; Ensure compliance and business continuity in a complex, fast-paced environment; Ensure completion of monthly production requirements within SLA’s
Industry & Context.
Exercise sound, independent judgment to prioritize issues, make critical operational decisions, and determine the appropriate course of action; Recognize red flags or patterns that could signal elevated risk; Understand when exceptions are reasonable vs. when they introduce unnecessary exposure; Ask why, exploring underlying issues, and creating unique solutions to challenges; Find motivation in understanding why problems exist and how to solve them in a fast paced, live operational environment
What They're Looking For.
Must Have
At least 3 years of experience in credit administration, loan underwriting, credit review, small business lending, commercial lending, or a combination., At least 1 year of experience with Microsoft Office or Google Suite
Nice to Have
Bachelors Degree or military experience, Completion of a formal Credit Training or Credit Underwriting Program, 5+ years of Financial Services Risk Management Experience, 5+ years experience in Quality Assurance or Internal Audit
What You'll Do.
Conduct reviews and testing procedures to determine compliance with Underwriting policies
and controls on new loan requests
Communicate review findings to appropriate parties and recommend corrective action plans to control defects’ occurrence
identify control gaps
and recommend routine and non-routine solutions for process changes
Complete process steps to adequately document QA Review performed and to support conclusions reached
Identify and track events and issues to mitigate risk to Capital One.
Coordinate with applicable business areas to define/ implement remediation activities
Carry out duties in compliance with all state and federal regulations and guidelines
Champion and enhance organizational initiatives by positively influencing and supporting change management and/or departmental/enterprise initiatives
Ensure that Quality Assurance practices
policies and procedures are updated in a timely manner
and reviewed periodically to ensure applicability
accuracy and relevance
Ensure completion of monthly production requirements within SLA’s
Risk Consulting to one or more Business Areas relative to their business lines and provide advice and guidance as required
Is proactive about identifying and delivering improvements in our Small Business credit policy
and/or risk management
and performs special project work as appropriate.
Contributes to department training
How You'll Work.
Team & Collaboration
Communicating and partnering with your team; Communicating and partnering with auditors; Communicating and partnering with key stakeholders across all levels of the company
Communication Scope
Excellent verbal and written communication; Capable of articulating complex risks; Capable of gaining buy-in for mitigation strategies
Applying for this Principal Risk Specialist - Underwriting QA role?
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