Sr. Risk Manager - Incentive Compensation

Capital One•McLean, VA

21h•$161,500 - $202,800

About The Position

Sr. Risk Manager - Incentive Compensation Capital One is seeking an energetic, self-motivated Senior Manager to join the Incentive Risk Management Team within the Enterprise Risk Management organization. In this role, you will leverage your strong communication skills, incentive risk and compensation expertise, incentive plan design knowledge, and risk mitigation experience to support and enhance Capital One’s incentive governance processes. The team’s mission is to ensure Capital One’s incentive compensation programs appropriately balance performance and risk by providing independent oversight, monitoring, and effective challenge. The team’s scope includes oversight of incentive risk management across Capital One, including: - Conducting risk assessments and backtesting incentive plans - Identifying the Covered Associate population - Designing and monitoring risk performance goals (including backtesting) - Delivering reporting and insights on incentive risk matters to Senior Management and the Board of Directors The Senior Risk Manager will be responsible for managing the oversight of incentive- related risks across all of Capital One’s incentive compensation programs, and supporting compliance with the Interagency Guidance on Sound Incentive Compensation Policies. This role will be accountable for identifying and assessing potential risks embedded within the design and structure of incentive plans, including international plans, and partnering closely with the first line of defense and Human Resources to ensure appropriate risk mitigation strategies and controls are implemented. The Senior Risk Manager will provide independent review and effective challenge throughout the incentive plan lifecycle, ensuring alignment with the company’s risk appetite, governance standards, and regulatory expectations. As part of the larger Enterprise Risk Management (ERM) organization, you will work with talented associates across first and second lines of defense to support accurate identification of Covered Associates and the effective implementation of risk performance goals aligned with the company’s strategic objectives and risk appetite. In this role, you will provide risk advisory and effective challenge to first line risk-taking decisions and activities related to incentive compensation. The Senior Manager will operate with broad exposure across lines of businesses and engage regularly with senior leaders to develop and implement innovative and streamlined approaches to identifying, assessing, and mitigating potential risks. You will also bring a unique perspective and intellectual curiosity to help foster a culture that is rigorous, thoughtful and creative within an open, collaborative environment where new ideas and solutions are both encouraged and valued.

Requirements

High School Diploma, GED or equivalent certification
At least 5 years of experience in incentive risk management within the financial services industry
At least 5 years of experience in incentive compensation or executive compensation design, governance, and risk assessment

Nice To Haves

Bachelor’s degree in Business, Risk Management, or Military Experience
Experience with regulatory guidance related to incentive compensation (i.e., Interagency Guidance on Sound Incentive Compensation Policies), including international compensation guidelines
Experience partnering with senior executives and influencing decision-making
Strong written and verbal communication skills with experience presenting to senior leadership
Demonstrated experience collaborating across teams, problem solving, and streamlining complex processes, with strong attention to detail

Responsibilities

Support Capital One’s compliance with the Interagency Guidance on Sound Incentive Compensation Policies.
Maintain oversight of incentive-related risks across all incentive compensation programs, ensuring alignment with governance standards, risk appetite, and regulatory expectations.
Provide independent risk advisory and challenge of incentive compensation plans throughout the plan lifecycle.
Conduct detailed risk assessments to identify emerging risks, trends, and potential areas of exposure, including within the design and structure of international incentive plans.
Partner with the first line of defense and Human Resources to develop and implement mitigation plans, ensuring that identified risks are appropriately addressed and controls are effective.
Support ongoing monitoring and validation of mitigation efforts to confirm that business actions address areas of exposure and maintain compliance with governance and regulatory requirements.
Support accurate identification of Covered Associates and the effective implementation of risk performance goals.
Oversee the maintenance of team-owned policies, standards, and other governing documents
Support audits, exams, and assessments impacting Incentive Risk Management
Stay current on the changing industry landscape and regulatory environment related to incentive risk, and understand the impacts to Capital One.