Locations: VA - Richmond, United States of America, Richmond, Virginia

Business Director, Climate Risk Analytics

Climate Risk is an emerging topic of increased focus across the banking industry, garnering substantial interest from investors, regulators, and the public. A new team was formed within Capital One’s Enterprise Risk Management functions to take on the work of integrating climate risk management into our broader risk management and governance framework. To support this work, we are seeking a leader for our Climate Risk Analytics workstream. This workstream’s mission is to stand up and run capabilities to assess the impact of key climate-related transition and physical risks over the short, medium, and long term time horizons, across all our LOBs.

The Business Director, Climate Risk Analytics will report to the Sr. Business Director, Climate Risk Management. This individual will be accountable for developing, implementing, and managing Capital One’s climate risk analytics capabilities, including climate scenario analysis. While this new process will leverage the firm’s existing risk management frameworks, risk identification processes, scenario analysis capabilities, and credit analytics, it will also require the introduction of new governance, scenario design processes, data, models, and skills across the Lines of Defense. This role will require the individual to define the end-state of the team, including the possibility for recruiting for additional resources. (Role currently has one report).

The ideal candidate for this role will have strong analytical skills and experience, and an in-depth understanding of risk identification, scenario analysis, and stress testing frameworks and processes. Ideally, this experience will have been gained through experience building and/or managing one or more of these processes. Additionally, this candidate will possess significant leadership experience, including leadership of direct teams, program delivery, and influence/collaboration with multiple stakeholders across the organization. Ideally, the candidate will also have experience with climate risk identification and analysis in the financial services sector. The ideal candidate for this role will also be comfortable crafting their own vision for the workstream, and navigating the ambiguity that comes with a nascent space such as climate risk.

Climate Risk-specific responsibilities include:

• Develop a strategy for the Climate Risk Analytics workstream

• Drive a cross-functional effort to develop, implement and mature Climate risk scenario analysis capabilities across the firm

• Design appropriate governance, oversight, and effective challenge of scenario analysis

• Develop reporting on the outcomes of scenario analysis to a variety of internal and external stakeholders, including senior management, Board, and regulators

• Develop and operate appropriate scenario design processes

• Run ad hoc analysis to support the identification and assessment of climate risks

• Identify incremental data needs relative to climate risk analytics and lead efforts to acquire and/or improve the quality of this data

• Support climate risk content for external disclosures (e.g., 10-K, Climate disclosures)

General Business Director responsibilities include:

• Credit Risk:  Drive step-change improvements in credit performance by connecting drivers of future consumer credit trends to historical behavior, creating risk models, and testing hypotheses using rigorous monitoring and analysis

• Execution:  Manage and sequence delivery of business intent, build business requirements and execute against the product strategy. Oversee multiple projects and programs concurrently

• Partnership:  Work closely with colleagues across Capital One including:  IT, Sales, Operations, Finance and others

• Strategic; analytic orientation: A proven track record of decision making and problem solving based on analytics. Conceptual thinking skills must be complemented by a strong quantitative orientation, given that a large part of the business is based on rigorous analytic marketing & credit risk management

• Strong business judgment, leadership and integrity: They should be a tenacious decision maker, able to bring a healthy, aggressive, yet responsible approach to business

• Solid people leadership experience: Ability to build and leverage the capabilities of a high-performing team, as well as business partners across the enterprise. They should foster innovation, drive critical decisions, hold business partners accountable, and be able to consistently deliver results

• Strong executive communication skills: Impeccable written and oral communication credentials, coupled with strategic influencing skills and the ability to drive agreement through intellect, interpersonal and negotiation skills

• Clear results orientation: display an intense focus on achieving both short and long term goals. They should be able to drive and execute an agenda in an uncertain and fluid environment

• Successful track record of thriving in a fast paced, entrepreneurial and dynamic environment. Previous consulting experience is a plus

Basic Qualifications:

• Bachelor’s Degree

• At least 7 years of experience in analysis

Preferred Qualifications

• Master’s Degree

• 2+ years of experience in financial services

• 1+ year of experience in consulting

• 3+ years of experience in people management

• 3+ years of experience leading complex programs, projects, or initiatives

• 3+ years of experience in credit risk management

• 1+ years of experience in climate

Capital One will consider sponsoring a new qualified 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): $233,100 - $266,000 for Business Director

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 (https://www.capitalonecareers.com/benefits) . 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.

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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).