Job: Compliance Manager, IRS Information Return Reporting Job

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Jobing Description

Compliance Manager, IRS Information Return Reporting-711077

Description
This role is part of the Compliance and Operational Risk IRS Non-Payroll Information Return Reporting (NpIRR) Horizontal Compliance team. This position will support enterprise compliance with applicable IRS regulations, the management and implementation of compliance controls and remediation actions for identified deficiencies, as well as provide support for the production of Capital One's information return reporting. Finally, the manager is expected to assist in the preparation for audits and/or examinations of Capital One's Information Return Reporting function(s) and help to ascertain the Enterprise's overall adherence to applicable IRS and internal requirements.

Responsibilities:

- Primary support for Capital One lines of business impacted by NpIRR requirements. Engage with other Compliance teams, business and Information Technology resources as appropriate.

- Review and assess changes to IRS published instructions and guidance pertaining to the compliant filing of Non-payroll Information Returns

- Manage Capital One's Non-Payroll Information Return Reporting compliance requirements as needed. Partner with Compliance lead to communicate changes to impacted business areas.

- Consult with and oversee efforts by lines of business to ensure compliance with applicable requirements

- Maintain highly effective partnerships with impacted business areas as well as any related upstream processes that impact IRS filing compliance (e.g. account origination processes).

- Validate that business area compliance management program elements are designed to ensure ongoing compliance.

- Effectively assess external customer and internally directed complaints and inquiries for potential compliance impacts and work with the appropriate Compliance associates, customer response teams, and/or line of business associates to identify regulatory issues and help businesses resolve customer concerns

- Support issue and event management processes. Assist with the implementation of corrective action plans aimed at mitigating compliance risk for identified issues and events. Maintain process for effective remediation and accurate reporting of issues and events through resolution.

- Make recommendations for strengthening the design and/or execution of controls as needed.

- Support the design and implementation of the Capital One's Compliance Management Program

- Maintain the highest professional standards.

- Other duties and responsibilities as assigned.

Qualifications
Basic Qualifications

- 3 years of financial services consumer or other compliance experience.

- Bachelor's degree from an accredited institution

Preferred Qualifications

- 5+ years experience with knowledge of IRS rules, regulations, and underlying guidance relating to all types of IRS NpIRR and/or back-up withholding management

- 2+ years of financial services consumer compliance, monitoring, auditing or examination experience.

- 2+ years of line of business work experience and/or compliance oversight for IRS Information Return filing and/or IRS back-up withholding management

- 1+ year of work experience within retail or commercial banking operations or support services

- Detailed knowledge of enterprise solutions used to fulfill NpIRR forms electronically to the IRS and/or form recipients a plus

- Detailed knowledge of enterprise processes used to fulfill IRS requirements relating to back up withholding management a plus

Job: Audit, Risk Management and Security
Primary Location: United States-Virginia-Richmond-Richmond-West Creek 3 (12073)

Other Locations:United States-Texas-Plano-DFW-Plano People Center Bldg 1 (31061), United States-New York-Garden City-NW Suffolk-Melville-NorthBr568 (22568), United States-Maryland-Bethesda-Montgomery-7501 Wisconsin Ave (17200), United States-Virginia-McLean-Northern VA-McLean Campus (19050)
Schedule: Full-time
Travel: Yes, 10 % of the Time

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