Principal Product Risk Manager

Principal Product Risk Manager
Capital One is seeking an autonomous, action-oriented Principal Product Risk Manager to join our growing internal Risk and Compliance team within Network Operations. This role operates independently from the corporate Risk Office, focusing directly on operational execution, participant monitoring, and regulatory adherence across our network.
This is a dynamic, high-impact position ideal for a self-starter who thrives in "grey space." You will help design, build, and enforce monitoring mechanisms for network participants, sponsored entities, and high-brand-risk merchant categories. Whether your background is rooted in operational risk, financial governance, or process and project management, you will play a central role in mitigating risk while establishing repeatable operational controls.
Core Responsibilities:

• Network Risk & Regulatory Monitoring: Oversee and enhance frameworks to monitor network participants, sponsored entities, and transaction flows for regulatory adherence and compliance
• High Brand-Risk Oversight: Build, refine, and enforce mechanisms to detect, monitor, and mitigate transactions in prohibited or high-risk merchant categories
• Process & Controls Implementation: Translate high-level risk mandates into practical, day-to-day operational controls, workflows and processes
• Complaints & Participant Governance: Support the oversight of participant complaints and sponsored participant frameworks to ensure financial institution backing and regulatory alignment
• Cross-Functional Collaboration: Partner with data experts, internal audit, and legal/risk counterparts to drive task-oriented execution on evolving network mandates
• Team & Mandate Execution: Provide direction to a small, specialized team, guiding process execution and data-driven risk monitoring without micromanagement

Basic Qualifications:

• High School Diploma, GED or equivalent certification
• At least 5 years of experience in operational risk, financial processes, compliance or project management

Preferred Qualifications:

• Bachelor's or Master's Degree
• Experience in payment networks, participant monitoring, sponsored participant structures or card and merchant network risk
• Legal training or internal audit experience with a focus on translating governance requirements into operational reality
• Familiarity working alongside data management or analytics teams to build monitoring mechanisms and reporting dashboards
• Experience designing policy, monitoring or enforcement mechanisms for high-risk merchant categories

At this time, Capital One will not sponsor a new applicant for employment authorization for this position.
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: $151,900 - $173,400 for Principal Product Risk Manager
Richmond, VA: $138,100 - $157,700 for Principal Product Risk Manager
Houston, TX: $138,100 - $157,700 for Principal Product Risk Manager
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 the Capital 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).