Capital One Principal Associate Insurance Strategy & Management 

United States, Virginia, Richmond 

622792981

West Creek 3 (12073), United States of America, Richmond, Virginia Principal Associate, Insurance Strategy & Management

Specific responsibilities include, but are not limited to:

• Monitor and analyze new and changing risk exposures for Capital One’s lines of business and functional areas, including opportunities to facilitate and enable LOB initiatives

• Lead contractual insurance risk transfer consultation for the ISM team. This will include managing the relationships with Enterprise Supplier Management (ESM), UK/Canada/India Supplier Management, Third Party Risk Management, Legal, and other key contracting stakeholders across the enterprise.

• In this role, you will be responsible for advising on insurance risk transfer end-to-end through the contracting process. This will involve partnering with contract managers, third party managers, and other key stakeholders internally on a daily basis.

• Identify external resources from our insurance broker or insurers to advise on industry norms, legal or regulatory requirements, and best practices, as needed

• Provide periodic insurance risk transfer training sessions for stakeholders, including written training resources and self-guided job aids, managing related PSPs, and consulting with Third Party Risk Management on governance and best practices.

• Support consultation on insurable risks related to Capital One Café leases, events, and third party facility use, as needed

• Support insurance program leads on the ISM team by identifying third party relationships that may affect Capital One’s enterprise insurance coverage needs

• Manage third party monitoring for our domestic and international insurance carrier networks

• Manage contract renewals for key third party relationships for the ISM team, including our broker and other service providers

• Provide ad hoc consultation within Capital One on insurable risks

• Lead and project manage certain captive insurance initiatives as the primary POC and accountable performer in partnership with the Captive Strategy Lead and the Captive Governance Lead

• Assist in managing insurance broker and carrier relationships, including participation in broker management meetings and insurance industry meetings as needed

• Support Insurance Strategy & Management department operations and team governance

Desirable skills:

• Exceptional teamwork and customer focus

• Curiosity and diligence in exploring new/possible risk transfer solutions

• Strong written and verbal communication

• Strong project management skills with the ability to prioritize and manage multiple tasks

• Strong problem solving and critical thinking capability

Basic Qualifications:

• High School Diploma, GED or equivalent certification

• At least 3 years of experience in commercial insurance, third party management, risk management, contract litigation or insurance litigation

Preferred Qualifications:

• Bachelor’s Degree

• 2+ years of experience with captive insurance solutions or alternative risk transfer

• Experience with international insurance programs

• Management Liability Insurance Specialist (MLIS), Certified Insurance Counselor (CIC), Certified Risk Manager (CRM), Associate in Risk Management (ARM) or Chartered Property Casualty Underwriter (CPCU)

. Eligibility varies based on full or part-time status, exempt or non-exempt status, and management level.

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 . All information you provide will be kept confidential and will be used only to the extent required to provide needed reasonable accommodations.