Full-Time
Senior Accounting Associate
Capital One
10,001+ employees
Credit cards, loans, and banking services
No salary listed
Bengaluru, Karnataka, India
In Person
On-site in Bangalore, Karnataka, India.
 Accounting (1) |
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- At least 2 years of experience as a Chartered Accountant
- Partner with stakeholders across the organization to ensure statutory compliance in the procure to pay cycle covering purchase orders and invoices. Perform monthly fixed asset accounting, and partner with teams engaged in asset sourcing and disposal.
- Ensure fixed assets, procure to pay reporting policies, procedures and controls are up to date, and meet compliance requirements. Coordinate with global and local control monitoring teams, and ensure that control testing is performed. Highlight trends to provide transparency.
- Engage and support audits for fixed assets and procure to pay related queries. Coordinate with both global and local audit teams during audit assessments.
- Ensure that third party vendor management, business continuity plans are up to date. Lead FUSE and associated control assessments.
- Lead associate onboarding by communicating key finance & accounting processes, ensuring accesses, updating portals and resolving stakeholder queries.
- Partner with global stakeholders on enterprise driven projects that are also implemented in the India entity. Monitor exceptions from standards and lead associated exception reporting. Understand all of the data that is key to your business line and Implement process improvements. Regularly liaison with India and global stakeholders to resolve queries.
- Knowledge of Tally, Workday and Peoplesoft
- Excellent communication skills - Verbal, written and presentation
Capital One provides a range of financial services in the United States, including credit cards, savings accounts, car loans, and business checking. It uses data and technology to shape its products and make banking easier and more accessible, including no-fee, no-minimum checking options. The company earns money mainly from interest on loans and credit card fees, plus investment banking services. Its products work by offering customers accounts and credit instruments backed by various lending products, with features like online banking, customer support, and educational tools to help financial decisions. Capital One differentiates itself through an emphasis on financial inclusion, user-friendly digital experiences, and partnerships focused on financial literacy, aiming to reach a broad audience from individuals to small businesses. Its goal is to simplify banking and expand access to financial services for a wide audience.
Company Size
10,001+
Company Stage
IPO
Headquarters
McLean, Virginia
Founded
2014
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Simplify's Take
What believers are saying
- Discover integration projects $71.8B revenue and $13.4B earnings by 2029, offering 23% stock upside.
- AI leadership team and VulnHunter tool accelerate technology-driven security and data-centric innovation.
- Brex acquisition expands commercial banking and B2B spend management capabilities, strengthening diversification.
What critics are saying
- Service outages trigger litigation and CFPB complaints, eroding trust and increasing legal liability within 6–12 months.
- Discover integration failure risks operational disruption, credit deterioration, and missed revenue due to scale mismatch.
- 'Offers' program breach-of-contract loss enables precedent for arbitrary cash-back denials, expanding consumer liability.
What makes Capital One unique
- Capital One is a cloud-first bank using proprietary data analytics for real-time risk pricing and personalization.
- It operates the largest U.S. credit card issuer by outstanding balances post-Discover integration, with ~19% market share.
- Its model combines credit card economics, direct deposits, and software capabilities to out-innovate legacy banks.
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Benefits
Medical, Dental, & Vision coverage
Onsite Health Centers
Prescription saving with network of local pharmacies
Stock Purchase Plan
Education Assistance
401(k)
Flexible Spending Accounts
Life and Disability insurance
Generous paid time off + corporate & floating holidays
Registered dieticians on site, cooking classes and free virtual fitness classes
Employee Assistance Program
Company News
Capital One Q2 profit climbs to $3B as credit costs ease. Capital One reported second-quarter net income of $3.0 billion, or $4.73 a share, with adjusted earnings of $5.81 as credit costs fell and the Discover integration passed its 14-month mark, according to its latest Form 8-K filing with the SEC. The Market Context in 60 Seconds * 01 Capital One earned $3.0 billion in the second quarter of 2026, or $4.73 per share, up from $2.2 billion in the first quarter and a reversal from the $4.3 billion loss it reported a year earlier. * 02 Excluding acquisition and integration costs, adjusted earnings were $5.81 per share, a $1.08 gap that shows how much the Discover and Brex deals still weigh on reported profit. * 03 Total net revenue rose 4% to $15.9 billion, and the net interest margin widened to 8.01%, among the highest at any large U.S. bank thanks to Capital One's card-heavy loan book. * 04 Credit costs eased as the provision for credit losses fell $1.1 billion to $3.0 billion, helped by a $662 million reserve release, even with net charge-offs of $3.6 billion. * 05 Founder and chief executive Richard Fairbank said Capital One is now 14 months into integrating Discover, with loans up 2% to $457.2 billion and deposits of $484.3 billion. How Capital One swung back to a profit. Capital One (NYSE: COF) reported net income of $3.0 billion for the second quarter of 2026, or $4.73 per diluted share, in its second-quarter earnings release. That is up from $2.2 billion, or $3.34 a share, in the first quarter, and a reversal from a year earlier, when the company posted a $4.3 billion loss, or $8.58 a share, in a period that coincided with the closing of its Discover acquisition. Revenue did the heavy lifting. Total net revenue rose 4% from the first quarter to $15.9 billion, while pre-provision earnings, which measure income before the bank sets money aside for bad loans, edged up 1% to $6.8 billion. Marketing spending climbed 11%, a sign Capital One is still paying to add card customers. Capital One Q2 2026, by the numbers Net income $4.73 per share (GAAP) Adjusted EPS excludes $1.08 of deal costs Total net revenue +4% from Q1 Credit loss provision down $1.1B, $662M reserve release Net interest margin +0.14 pt from Q1 CET1 capital ratio Basel III, June 30, 2026 Why the two earnings numbers differ. Capital One reported two profit figures, and the $1.08 gap between them is the quarter's real story. Reported earnings were $4.73 a share. Adjusted earnings, which strip out costs tied to acquisitions, were $5.81. The difference comes from three items the company treats as one-time: $0.60 a share of acquisition amortization, $0.36 of Discover integration expenses, and $0.12 of Brex integration expenses. Those costs are the price of digesting Discover, the card network Capital One bought to lean less on Visa and Mastercard. Chief Executive Richard Fairbank, who founded the company, said it is now 14 months into that integration and that the work "is going well." As the integration costs fade, reported and adjusted earnings should move closer together. Credit and the balance sheet. The credit picture improved. Capital One set aside $3.0 billion for loan losses, down $1.1 billion from the first quarter, and released $662 million of reserves it had built for loans that now look less risky. Net charge-offs, the loans it gave up on collecting, still ran at $3.6 billion, a reminder that a card lender absorbs steady losses even in good times. The net interest margin, the spread between what the bank earns on loans and pays on deposits, widened to 8.01%, up 0.14 point. Lending grew across the board. Total loans held for investment rose 2% to $457.2 billion, led by credit card balances of $275.4 billion and $89.3 billion of auto loans. Deposits slipped 1% to $484.3 billion at quarter-end, and the company held a common equity Tier 1 ratio of 13.7%, a cushion regulators watch. The financial supplement filed with the release, along with Capital One's investor materials, breaks out the segment figures. What to watch. 1. Whether the gap between reported and adjusted earnings narrows. The $1.08 a share of acquisition and integration charges should shrink as the Discover and Brex work winds down, which would lift reported profit even if the underlying business holds steady. 2. The direction of credit. Capital One released $662 million of reserves this quarter, a vote of confidence in its borrowers, but charge-offs of $3.6 billion show losses remain sizable. A weaker consumer could force the bank to rebuild reserves instead of releasing them. 3. Funding. Deposits fell $4.8 billion at quarter-end even as loans grew, so the next filing will show whether Capital One keeps funding growth with deposits or leans more on other borrowing, which usually costs more. Verified as of July 21, 2026.
Capital One outage lawsuit: renewed claims highlight CX trust risk. A Capital One customer has renewed litigation over a service outage that blocked account access, underscoring how digital failures become trust events with lasting psychological and legal consequences. Renascence Newsdesk What happened. A Capital One customer has renewed legal claims against the bank in connection with a significant service outage, according to reporting by Law360. The plaintiff is pressing forward with allegations that the disruption caused material harm, keeping the case alive after earlier procedural challenges. The outage in question left customers unable to access accounts and conduct transactions - a failure that sits at the intersection of operational resilience and customer trust. The renewed claims signal that courts remain a viable avenue for customers seeking redress when financial-services providers suffer prolonged digital failures. Why it matters. For customer-experience and service-design practitioners, this case is a reminder that outages are never purely technical events - they are trust events. When a customer cannot access their money, the psychological cost (loss aversion, perceived helplessness, erosion of institutional confidence) frequently outlasts the downtime itself. Litigation of this kind reflects what happens when service-recovery efforts fail to close that emotional gap. From a behavioral-economics standpoint, financial services occupy a uniquely high-stakes position in the customer psyche. Disruptions to money access trigger disproportionate negative responses relative to equivalent inconveniences in other sectors. Regulators and courts are increasingly treating that disproportionality as legally relevant, raising the liability floor for institutions that cannot demonstrate adequate resilience planning and transparent, timely communication during failures. The Renascence take. Most post-mortems on outages focus on mean time to recovery. The more consequential metric - almost always ignored - is mean time to restored confidence. These are very different clocks, and the second one is still running long after the systems come back online. The real design failure here is not the outage itself but the absence of a credible service-recovery ritual - a structured, proactive sequence of acknowledgement, compensation and reassurance that meets customers at the moment of peak anxiety. Behavioral economics tells Renascence that how a loss is handled matters more than the loss itself; a bank that communicates with clarity and speed during downtime can actually strengthen loyalty. Customer-obsessed operators should treat every outage protocol as a loyalty intervention, not merely an IT escalation - and they should rehearse the human side of that response with the same rigour they apply to their disaster-recovery runbooks. This briefing was written by the Renascence newsdesk, synthesising reporting from the outlets below. Follow the links for the original coverage. More in Fintech Stay ahead of CX Get the signal, not the noise. The stories shaping customer experience - plus the Journal and Experience Loom - in your inbox.
Wolf popper defeats in part Capital One's motion to dismiss. Case Updates | 07/13/26 On July 2, 2026, the U.S. District Court for the Eastern District of Virginia denied Capital One's motion to dismiss the plaintiff's breach-of-contract and breach of the implied covenant of good faith and fair dealing. The Court held that the complaint adequately alleges that the plaintiff satisfied the requirements of the Capital One Offers program but did not receive the promised cash-back payouts, and that Capital One may have exercised its discretion to determine qualifying purchases arbitrarily or in bad faith. The Court dismissed the plaintiff's alternative unjust-enrichment claim and his claims under the Virginia and Connecticut consumer-protection statutes, but the central contract claim will proceed. Contact Instructions * Phone: Philip Black - (212) 451-9628 * Phone: Samuel Coffin - (212) 451-9665 * Phone: Timothy Brennan - (212) 451-9616 * Email: [email protected] * Contact Us
Capital One down for thousands, Downdetector reports. By Anthony W. Haddad Published 22 hours ago on June 18, 2026 Capital One experienced a possible outage Thursday, according to Downdetector.com. More than 4,000 users had reported problems with the platform as of 2:27 p.m. PT, according to Downdetector, which tracks outages by collecting status reports from multiple sources. Most users reporting a problem said they are experiencing mobile application issues.
Capital One class action lawsuit explained: key details & impact. In a legal landscape often dominated by corporate giants, the Capital One class action lawsuit has emerged as a pivotal case for consumers seeking accountability. The lawsuit, which centers on allegations of deceptive practices and hidden fees, has drawn significant attention from both financial regulators and everyday account holders. With the potential to reshape how banks communicate fees and interest rates to customers, this case carries implications far beyond the courtroom. The origins of the Capital One class action lawsuit. The roots of the lawsuit trace back to 2022, when a group of plaintiffs filed a complaint against Capital One, alleging that the financial institution engaged in unfair and deceptive practices. The primary accusations include: * Failing to clearly disclose interest rate changes on credit card balances * Improperly applying promotional APR terms to customer accounts * Charging undisclosed fees for services like balance transfers and cash advances According to court documents, these practices allegedly violated the Truth in Lending Act (TILA) and the Dodd-Frank Wall Street Reform and Consumer Protection Act. The lawsuit asserts that Capital One's actions resulted in customers paying more than they anticipated, often without their explicit knowledge. Capital One has denied any wrongdoing, arguing that its policies were clearly stated in customer agreements and that all fees and interest rates were disclosed in compliance with federal regulations. However, the plaintiffs contend that the bank's disclosures were buried in fine print or presented in a way that obscured the true costs. Key legal arguments and the path to certification. The lawsuit gained traction in early 2023 when a federal judge certified it as a class action, allowing thousands of Capital One customers to join the suit. This certification was a critical turning point, as it meant that the case would proceed on behalf of all similarly affected customers, rather than as individual claims. The plaintiffs' legal team argued that Capital One's practices were systemic, affecting a broad swath of its customer base. They presented evidence, including internal bank documents and customer testimonies, to support their claims. For example, one plaintiff cited a credit card statement where the interest rate increased without prior notice, leading to unexpected charges. The defense, meanwhile, emphasized the importance of contractual agreements. Capital One's attorneys pointed out that customers agreed to the terms when they signed up for their accounts, and that the bank had provided disclosures in accordance with legal requirements. The bank also argued that the plaintiffs had not suffered any harm, as they had the option to opt out of certain services or close their accounts if they disagreed with the terms. As the case unfolded, the judge focused on whether the plaintiffs could demonstrate that Capital One's actions were materially misleading. This required proving that a reasonable consumer would have been deceived by the bank's disclosures - a high bar to clear in financial litigation. Potential outcomes and broader implications. If the plaintiffs prevail, the consequences for Capital One could be substantial. A ruling in their favor might require the bank to: * Issue refunds to affected customers for undisclosed fees and interest charges * Revise its disclosure practices to ensure greater transparency * Pay significant legal fees and potential damages to the class members Beyond the financial impact on Capital One, the case could set a precedent for how other banks and financial institutions communicate with their customers. Regulators, including the Consumer Financial Protection Bureau (CFPB), are closely monitoring the outcome, as it may influence future enforcement actions against financial institutions. For consumers, the lawsuit underscores the importance of carefully reviewing account agreements and statements. While banks are required to disclose terms, the fine print can often make it difficult for the average customer to fully understand the costs involved. This case may push financial institutions to adopt clearer, more straightforward language in their disclosures. What this means for consumers and the financial industry. The Capital One class action lawsuit is more than just a legal battle; it reflects growing consumer frustration with hidden fees and opaque banking practices. In an era where trust in financial institutions remains fragile, cases like this highlight the need for greater accountability. For customers who believe they have been affected by Capital One's practices, joining the lawsuit or filing a complaint with the CFPB are viable options. The outcome of this case could also embolden other consumers to challenge similar practices at other banks, creating a ripple effect across the industry. From a regulatory standpoint, the lawsuit serves as a reminder of the ongoing tension between financial institutions and consumer protection laws. Banks must balance profitability with transparency, while regulators must ensure that disclosures are meaningful and not designed to mislead. As the legal process continues, the broader implications for the financial industry will become clearer. Conclusion: A case with far-reaching consequences. The Capital One class action lawsuit is a critical moment for consumer rights in the financial sector. Whether it results in a settlement, a court ruling, or further regulatory scrutiny, the case has already sparked important conversations about transparency, accountability, and the power dynamics between banks and their customers. For now, the legal battle continues, with both sides preparing for what could be a protracted fight. But one thing is certain: the outcome will have lasting effects on how financial institutions operate and how consumers interact with them. As the case progresses, staying informed and advocating for clearer disclosures will be essential for anyone navigating the complex world of banking. For more insights into financial litigation and consumer rights, explore its Analysis and Business categories on Dave's Locker.