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Capital One · 1 day ago

Principal Risk Specialist - Underwriting QA

Plano, TX

Full-time

Hybrid

Senior Level, Lead/Staff

$110K/yr - $125K/yr

3+ years exp

Capital One is a financial services company focused on helping small businesses succeed. The Principal Risk Specialist will conduct reviews and testing procedures to ensure compliance with underwriting policies, analyze trends to identify control gaps, and recommend solutions to mitigate risks.

BankingCredit CardsFinanceFinancial Services

Comp. & Benefits

No H1B

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 and 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 as well as departmental and 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 risk management, and performs special project work as appropriate

Contributes to department training