Business Manager - Climate Risk Management

Capital One is hiring a Business Manager for its Climate Risk Management team in McLean, VA. The role involves strategic analysis of climate risks, managing climate data strategies, and collaborating across departments. Key responsibilities include leading analysts, improving credit risk, and supporting climate scenario analyses. The position requires strong analytical, communication, and decision-making skills in a collaborative environment focused on integrating climate risk into broader risk management.
Capital One is seeking a Business Manager for its Climate Risk Management team in McLean, VA. The role involves applying strategic and analytical skills to tackle climate risk challenges, managing climate risk data strategies, and supporting climate scenario analyses. Responsibilities include leadership, credit risk improvement, and collaboration across various departments. The position emphasizes strong analytical, communication, and decision-making skills within a collaborative environment.
Locations: VA - McLean, United States of America, McLean, Virginia
Business Manager - Climate Risk Management

Summary:

As a Business Analysis Manager at Capital One, you will apply your strategic and analytical skills to major company challenges. You'll team with world-class professionals to develop and test strategies that ultimately impact the bottom line. And you will do it all in a collaborative environment that values your insight, encourages you to take on new responsibility, promotes continuous learning, and rewards innovation.

Team Specific Overview:

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 Business Manager for our Climate Risk Management team. This team’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 Lines of Business (LOBs).

The Business Manager will report to the Business Director, Climate Risk Management.
Climate risk specific responsibilities:
• Design, implement and manage adherence to the Climate Risk Data Strategy. This will be a multi-year effort to prioritize and pursue climate data improvements to support multiple use cases, and will require coordination with our Lines of Business and other Climate adjacent teams (e.g., Climate Strategy, Finance)
• Maintain and manage the process for procuring physical risk data from external providers for the purposes of Climate Scenario Analysis and other ad hoc analyses
• Run ad hoc analysis to support the identification and assessment of climate risks
• Provide input and assistance to the climate scenario design processes
• Support the provision of climate risk content for external disclosures when required (e.g., 10-K, Climate disclosures)
General Responsibilities:
• Leadership: May manage and develop 1-2 analysts. Coaching and mentoring associates with a goal of developing and retaining talent at Capital One
• 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
• Partnership: Work closely with colleagues across Capital One including: IT, Sales, Operations, Finance and others to drive improvement in quality, volume, service, and profitability
• 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: He/she should be a tenacious decision maker, able to bring a healthy, aggressive, yet responsible approach to business
• 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. He/she 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

The ideal candidate for this role will have strong analytical skills and experience, and a solid understanding of risk identification, scenario analysis, and stress testing frameworks and processes. Ideally, this experience will have been gained through experience running one or more of these processes. Ideally, the candidate will also have experience with climate risk identification and analysis in the financial services sector.
Basic Qualifications:
• Bachelor’s Degree in any quantitative field (Business, Math, Economics, Finance, Statistics, Science, Engineering)
• At least 2 years of experience in analysis
Preferred Qualifications:
• Master’s Degree in Business or quantitative field such as Finance, Economics, Physical Sciences, Math, Statistics, Engineering
• 3+ years of experience in analysis
• 2+ years of experience in financial services
• 1+ year of experience in consulting
• 1+ Experience with Python
• 1+ Experience with Tableau
• Risk Management certification (such as SCR, CERA, CRM, FRM), or equivalent experience
• At least 3 years of risk management experience, with background in credit risk management
• Working knowledge of risk regulatory and industry external frameworks, particularly in credit climate risk such as Network for Greening the Financial System (NGFS) scenarios, European regulatory guidance, Task Force on Climate-Related Financial Disclosure (TCFD)
• Experience in scenario analysis, decision science and/or mathematical-based background
• A proven track record partnering across diverse stakeholder groups
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Skills:
Analysis Skills, Bank Stress Testing, Banking Services, Business Analysis, Capital Analysis, Coaching, Communication Skills, Consulting, Consumer Loans, Credit Risk, Customer Relationship Management (CRM), Economics, Employee Retention, Entrepreneurship, Establish Priorities, Finance, Financial Analysis, Financial Disclosure, Financial Services, Financial Strategy, Financial Systems, Interpersonal Skills, Leadership, Maintain Compliance, Market Trend Analysis, Marketing, Mathematics, Mentoring, Negotiation Skills, Performance Management, Physical Science, Presentation/Verbal Skills, Problem Solving Skills, Process Improvement, Process Management, Profit & Loss, Purchasing/Procurement, Python Programming/Scripting Language, Quality Assurance Methodology, Quality Management, Regulations, Risk, Risk Analysis, Risk Management, Risk Management Framework (RMF), Risk Modeling, Sales Operations, Statistics, Strategic Analysis, Strategic Planning, Tableau, Talent Management, Team Player, Test Strategy, Use Cases, Writing Skills

About the Company:
Capital One