At Capital One, we think big and do bigger things. We were the first company to develop and offer mass customization and personalization of credit card, auto loans and other financial services products, and we have been innovating relentlessly ever since.
Today, we are a progressive financial services powerhouse spanning Credit Cards, Auto Loans, Savings, and Commercial Banking and at the same time a high-tech company, a scientific laboratory, and a well-recognized brand all in one. We are a passionate and entrepreneurial team with heart – a team that embraces bold ideas, fosters collaboration, and delivers world-class products and services impacting over 65 million customer accounts. Still founder-led by Chairman and CEO Richard Fairbank, we dare to dream, disrupt and deliver a better way for our customers, the financial industry and for each other. Our goal is simple – bring ingenuity, simplicity and humanity to an industry ripe for change.
At Capital One India, we solve fundamental business problems at scale using advanced analytics, data science and machine learning. We specialize in deriving valuable insights about various aspects of the business - including product and process design, consumer behavior, regulatory and credit risk, and much more - from large volumes of data to build cutting edge patentable products at an industrial scale.
The supplier management lifecycle covers procurement processes including 3rd party selection and sourcing, contracting, ongoing supplier and relationship management, and offboarding activities.
As Senior Associate in Legal Third Party Management Oversight Role you will provide oversight to ensure a well-controlled and well-managed third party management that is in line with Enterprise requirements and India laws. The role will work through changes, risks and issues and will foster a culture of continuous improvement and relevant reporting. You will also build strong relationships across the enterprise, including with the Financial Services business, Enterprise Supplier Management and Third Party Risk Management teams, to help drive the Third Party agenda for Capital One India, acting as the key subject matter expert for all Third Party Risk matters.
Our ideal teammate is:
- Inspired to be a transformational change agent
- A storyteller who uses his/ her communications strength to bring things to a meaningful conclusion
- Works effectively with direct and cross functional teams
- Able to work on multiple projects simultaneously
- A passionate and driven team player
- A creative problem solver
Responsibilities
- Deliver robust oversight of the end to end Third Party Management life cycle (from third party onboarding, ongoing monitoring / oversight and termination / exit)
- Develop strong partnerships with stakeholders across the enterprise to effectively represent the Company’s local and global Third Party Risk Management interests
- Be the primary point of contact within the Company for Third Party Risk Management matters both within Company and with the various enterprise first and second line risk teams
- Deliver on transformational Third Party Management Projects, ensuring the Company requirements are considered
- Foster a culture of continuous improvement, through building great relationships, overseeing effective quality assurance programs and ensuring there are appropriate controls in place to motivate risk aware decision making
- Work with second line teams (compliance, legal etc) to understand the regulatory landscape and emerging risks; review changes to our frameworks to effectively deal with these changes
- Own the Company’s Third Party Management Metrics, and reporting and communications, both internally and externally
- Support audits, regulatory exams and enterprise risk initiatives
- Support the implementation of the Company’s Third Party Risk Management framework
- Handling vendor onboarding, offboarding, payments, invoices and purchase orders
- Know, follow, and understand the Third party management Policies Standards and Procedures
- Identify and remove (or further escalate) obstacles; have clear knowledge of what needs to be escalated & when
- Stay informed of business needs, market trends, competitor activities, and industry developments
- Ensure appropriate negotiation experience is assigned to a deal, act as point of escalation in negotiations; accountable for understanding deal process flow
Basic Qualifications:
- Qualified LLB and Company Secretary (Member of ICSI)
- At least 2 years post qualification work experience in Legal field
Preferred Qualifications:
- 3+ years of experience in a Third Party Management or operational risk management role
- Knowledge and understanding of Third Party Risk and Third Party lifecycle
- Experience working in Indian subsidiaries of US banks or financial or credit institutions
- Stakeholder management skills, with the ability to work in collaboration with cross functional teams and demonstrating confident and effective communication
- Demonstrated ability to partner, effectively challenge and influence across all levels (including executives).
- Experience supporting change and process improvement across the wider team
- Prior experience in drafting
At this time, Capital One will not sponsor a new applicant for employment authorization for this position.
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 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).
Who We Are
At Capital One, we’re building a leading information-based technology company. Still founder-led by Chairman and Chief Executive Officer Richard Fairbank, Capital One is on a mission to help our customers succeed by bringing ingenuity, simplicity, and humanity to banking. We measure our efforts by the success our customers enjoy and the advocacy they exhibit. We are succeeding because they are succeeding.
Guided by our shared values, we thrive in an environment where collaboration and openness are valued. We believe that innovation is powered by perspective and that teamwork and respect for each other lead to superior results. We elevate each other and obsess about doing the right thing. Our associates serve with humility and a deep respect for their responsibility in helping our customers achieve their goals and realize their dreams. Together, we are on a quest to change banking for good.