Principal Risk Specialist - Underwriting QA

Responsibilities

• 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
• Analyze trends, 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
• Corrective action - 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, maintained online, 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, underwriting, and/or risk management, and performs special project work as appropriate.
• Contributes to department training
• Qualities of a Successful Candidate:
• Judgement: You will exercise sound, independent judgment to prioritize issues, make critical operational decisions, and determine the appropriate course of action, ensuring compliance and business continuity in a complex, fast-paced environment.
• Risk Management: You should recognize red flags or patterns that could signal elevated risk and understand when exceptions are reasonable vs. when they introduce unnecessary exposure.
• Intellectual Curiosity: You ask why, exploring underlying issues, and creating unique solutions to challenges. You should find motivation in understanding why problems exist and how to solve them in a fast paced, live operational environment.

Requirements

• High School diploma, GED or equivalent certification
• 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
• 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
• At this time, Capital One will not sponsor a new applicant for employment authorization for this position.
• Plano, TX: $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 the Capital One Care

Additional Information

Principal Risk Specialist - Underwriting QA The Principal Risk Specialis role provides a high level of exposure across the Small Business Banking line of business and provides an opportunity to implement innovative quality assurance and control processes designed to proactively identify, evaluate, and mitigate potential operational risks associated with underwriting practices. The Principal Risk Specialist will be a critical member of the Quality Assurance Team for Small Business Bank Credit Operations. The Principal Risk Specialist will own and execute controls for a segment of the end-to-end lending process

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