Principal Associate - Accounting

Principal Associate, Accounting (Hybrid)

The Principal Associate joining the Regulatory Capital team will primarily focus on supporting the capital and the risk-weighted asset calculation and disclosures in various Regulatory, SEC and Pillar 3 filings.

We are looking for a motivated individual who has familiarity with US Basel rules and reporting requirements, is ready to dive into technical capital regulations, analyze the results produced by our in-house capital calculation engine, work with cross functional business partners, and manage tight reporting submission timelines under a well-controlled environment to ensure accuracy and regulatory compliance.

 Responsibilities:  

• Lead the preparation and review of capital and risk-weighted asset specific schedules produced for the FFIEC 031 (Call Report), FR Y-9C, FFIEC 101, FFIEC 102, FR Y-15 and other significant regulatory filings as well as the regulatory capital disclosures in Pillar 3 and SEC filings (10-K & 10-Q)
• Continuously monitoring the portfolio for changes in risk profile, regulatory updates, and evolving market practice that could result in adjustments to the current capital treatment to maintain ongoing compliance and capital adequacy
• Engage and contribute to enterprise-wide data transformation, automation, process, and control opportunities as regulatory reporting drives to target state   
• Enhance reconciliation and analytics to ensure consistency, completeness, and accuracy of data submitted and reported to regulators and the public
• Research accounting treatment and reporting requirements to support business transactions and responses to management and regulator inquiries regarding reporting, variances, and process controls
• Ensure collaborative relationships with multiple partners and upstream data providers to understand trends, products, and changes that may impact data sourcing, analysis, and regulatory reporting 
• Drive resolution of issues through working closely with accounting, treasury, and technology partners including escalation and reporting to management on status and next steps 
• Stay current with evolving industry and regulatory changes
• Contribute to broader Community and Diversity, Inclusion, and Belonging efforts across Finance, Controller's, and Regulatory Reporting

This role is designated as a hybrid position. You are expected to adhere to Capital One's hybrid policy regarding required on-site presence at your designated office location.

Basic Qualifications:

• Bachelor's Degree or military experience
• At least 3 years of experience in accounting, external financial reporting, audit, finance, or a combination
• At least 3 years of experience with Google Workspace or Microsoft Office products, or a combination

Preferred Qualifications:

• Certified Public Accountant (CPA) license
• 4+ years of experience in accounting, external financial reporting, audit or Finance, or a combination
• 4+ years of experience in Tableau, Python, or SQL, or a combination

At this time, Capital One will not sponsor a new applicant for employment authorization, or offer any immigration related support for this position (i.e. H1B, F-1 OPT, F-1 STEM OPT, F-1 CPT, J-1, TN, E-2, E-3, L-1 and O-1, or any EADs or other forms of work authorization that require immigration support from an employer). 

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.

McLean, VA: $120,800 - $137,900 for Principal Associate, AccountingRichmond, VA: $109,900 - $125,400 for Principal Associate, AccountingRiverwoods, IL: $109,900 - $125,400 for Principal Associate, AccountingWilmington, DE: $109,900 - $125,400 for Principal Associate, Accounting

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 theCapital 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 (EOE, including disability/vet) committed to non-discrimination in compliance with applicable federal, state, and local laws. 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 [email protected]. 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 [email protected]

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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).