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Principal Associate, CRA Strategy & Program Management - Data Management Team

AT Capital One
Capital One

Principal Associate, CRA Strategy & Program Management - Data Management Team

New York, NY

Plano 1 (31061), United States of America, Plano, Texas

Principal Associate, CRA Strategy & Program Management - Data Management Team

Within Capital One, External Affairs (EA) is an organization dedicated to delivering on Capital One's Mission by strengthening our reputation, deepening our relationships in our communities, managing engagement with the federal bank regulatory agencies, and serving as Capital One's voice in the legislative and political processes at the federal, state and local levels. The EA organization comprises CRA Strategy & Program Management, Government & Policy Affairs, Regulatory Relations, Corporate Communications, Community Finance, Community Impact & Investment, and EA Strategy & Engagement.

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The CRA Strategy & Program Management team is looking for a self-motivated individual to play a critical role on our Community Reinvestment Act (CRA) and Home Mortgage Disclosure Act (HMDA) data management and regulatory reporting team. By assisting in ensuring the integrity of Capital One's regulatory data this individual will be contributing to the company's goal of continuing our track record of outstanding CRA performance. Specifically, the ideal candidate will process and manage these regulatory data, using software tools, and monitor and support their quality assurance in accordance with the team's data compliance and reporting controls.

Responsibilities:

  • Use CRA Wiz TM software tool to process and manage and confirm data received from assigned CRA data reporting lines of business
  • Conduct loan file reviews and negative testing to validate accuracy and completeness of data collected for CRA regulatory reporting purposes
  • Work with the lines of business (LOBs) to improve data quality and integrity through the accurate data collection processes and sound operational controls to mitigate risks.
  • Log and track data issues detected during monthly processing and data integrity reviews and work to address and resolve issues with LOB and Technology department (TECH)
  • Assist with preparations related to the annual submission of complete and accurate CRA Loan Registers (LRs) to the appropriate regulatory agency
  • Prepare timely reports on data errors and process deficiencies for distribution to LOB management
  • Analyze data errors to determine trends and monitor corrective actions to measure performance and responsiveness by business units
  • Work with the LOB and TECH to anticipate impacts to data capture and reporting resulting from changes in processes, people and systems
  • Work with large data sets and identify data anomalies using various methods such as trend reports and data filters to ensure the data is compliant

The Ideal Candidate Should Have:

  • Familiarity with the CRA and HMDA annual submission process
  • Knowledge of the new 1071 rule and the CRA New Rule

We recognize that many life paths can contribute to interest in this role. We value all experience, whether gained in a classroom or through other paths, and invite everyone who meets the qualificationsto apply for this role."

Basic Qualifications:

  • High School Diploma, GED or equivalent certification
  • At least 4 years experience in loan document review, data quality assurance, auditing, or any combination of the three
  • At least 3 years of experience managing data
  • At least 1 year of experience with Microsoft office, or G suite.
  • At least 1 year of experience utilizing internet research tools

Preferred Qualifications:

  • At least 5 years of experience in quality assurance or database management.
  • At least 1 year of experience with CRA Wiz software

At this time, Capital One will not sponsor a new applicant for employment authorization for this position.

The minimum and maximum full-time annual salaries for this role are listed below, by location. Please note that this salary information is solely for candidates hired to perform work within one of these locations, and refers to the amount Capital One is willing to pay at the time of this posting. Salaries for part-time roles will be prorated based upon the agreed upon number of hours to be regularly worked.

New York City (Hybrid On-Site): $118,700 - $135,400 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 Careers website. Eligibility varies based on full or part-time status, exempt or non-exempt status, and management level.

This role is expected to accept applications for a minimum of 5 business days.

No agencies please. Capital One is an equal opportunity employer committed to diversity and inclusion in the workplace. All qualified applicants will receive consideration for employment without regard to sex (including pregnancy, childbirth or related medical conditions), race, color, age, national origin, religion, disability, genetic information, marital status, sexual orientation, gender identity, gender reassignment, citizenship, immigration status, protected veteran status, or any other basis prohibited under applicable federal, state or local law. Capital One promotes a drug-free workplace. Capital One will consider for employment qualified applicants with a criminal history in a manner consistent with the requirements of applicable laws regarding criminal background inquiries, including, to the extent applicable, Article 23-A of the New York Correction Law; San Francisco, California Police Code Article 49, Sections 4901-4920; New York City's Fair Chance Act; Philadelphia's Fair Criminal Records Screening Act; and other applicable federal, state, and local laws and regulations regarding criminal background inquiries.

If you have visited our website in search of information on employment opportunities or to apply for a position, and you require an accommodation, please contact Capital One Recruiting at 1-800-304-9102 or via email at RecruitingAccommodation@capitalone.com. All information you provide will be kept confidential and will be used only to the extent required to provide needed reasonable accommodations.

For technical support or questions about Capital One's recruiting process, please send an email to Careers@capitalone.com

Capital One does not provide, endorse nor guarantee and is not liable for third-party products, services, educational tools or other information available through this site.

Capital One Financial is made up of several different entities. Please note that any position posted in Canada is for Capital One Canada, any position posted in the United Kingdom is for Capital One Europe and any position posted in the Philippines is for Capital One Philippines Service Corp. (COPSSC).

Client-provided location(s): New York, NY, USA; Richmond, VA, USA; Plano, TX, USA; McLean, VA, USA
Job ID: capital-R204012
Employment Type: Full Time

Perks and Benefits

  • Health and Wellness

    • Health Insurance
    • Health Reimbursement Account
    • Dental Insurance
    • Vision Insurance
    • Life Insurance
    • Short-Term Disability
    • Long-Term Disability
    • FSA
    • FSA With Employer Contribution
    • HSA
    • HSA With Employer Contribution
    • On-Site Gym
    • Pet Insurance
    • Mental Health Benefits
    • Virtual Fitness Classes
  • Parental Benefits

    • Fertility Benefits
    • Adoption Assistance Program
    • Family Support Resources
    • Birth Parent or Maternity Leave
    • Non-Birth Parent or Paternity Leave
    • Adoption Leave
  • Work Flexibility

    • Flexible Work Hours
    • Remote Work Opportunities
    • Hybrid Work Opportunities
  • Office Life and Perks

    • Commuter Benefits Program
    • Casual Dress
    • Happy Hours
    • Snacks
    • Company Outings
    • On-Site Cafeteria
    • Holiday Events
  • Vacation and Time Off

    • Paid Vacation
    • Paid Holidays
    • Personal/Sick Days
    • Leave of Absence
    • Volunteer Time Off
  • Financial and Retirement

    • 401(K) With Company Matching
    • Stock Purchase Program
    • Performance Bonus
    • Relocation Assistance
    • Financial Counseling
    • Profit Sharing
  • Professional Development

    • Tuition Reimbursement
    • Promote From Within
    • Mentor Program
    • Shadowing Opportunities
    • Access to Online Courses
    • Lunch and Learns
    • Internship Program
    • Work Visa Sponsorship
    • Leadership Training Program
    • Associate or Rotational Training Program
  • Diversity and Inclusion

    • Diversity, Equity, and Inclusion Program
    • Employee Resource Groups (ERG)
    • Founder led

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