Capital One Financial Corporation

Senior Manager, Benefits Policy

Capital One Financial Corporation$151K — $173K *
Business Services
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor’s degree or military experience
  • 6+ years in benefits design, strategy and management
  • 2+ years in a matrixed environment
  • 2+ years project management experience
  • 2+ years process management experience
  • 2+ years data analysis and reporting

Responsibilities

  • Design and manage comprehensive benefits and well-being strategies
  • Evaluate global benefit structures for harmonization and compliance
  • Direct marketing and engagement strategies to promote benefit programs
  • Define product roadmaps for vendor technology solutions
  • Leverage AI and data to enhance associate benefit engagement
  • Analyze metrics and feedback to improve benefits offerings
  • Maintain oversight of vendors and ensure regulatory compliance

Benefits

  • Comprehensive health and financial benefits
  • Inclusive benefits supporting total well-being
  • Performance-based incentive compensation
  • Opportunity for professional growth and leadership development
Full Job Description
Senior Manager, Benefits Policy

We are currently hiring for two distinct Senior Manager, Benefits Policy roles: 

U.S. Benefits - Responsible for the end-to-end vision, design, compliance, and financial management of paid time off, statutory/paid leave and disability strategies to drive associate retention and well-being.

International Benefits - Partners with Benefits teams outside of the U.S. to design and implement global benefits strategy

These individuals will thrive in a fast-paced, entrepreneurial environment and work closely with peers, partners, vendors, and the Benefits Leadership Team to develop strategy that delivers benefits programs to associates through a seamless and personalized experience. These are high-impact positions requiring a balance of data-driven strategy and hands-on execution. 

Responsibilities:

Strategic Design & Portfolio Management

  • Design, implement, and manage a holistic benefits and well-being strategy--ranging from core health to high-touch leave and caregiving programs--that empowers associates and aligns with Capital One’s mission and talent goals across U.S. and international markets. 

  • Seek diverse perspectives from international subject matter experts and evaluate global benefit structures to identify opportunities for program harmonization, global economies of scale, and ensure global solutions maintain cultural relevance and adhere to statutory requirements.

  • Direct marketing, communication, and engagement strategies that foster a culture of well-being and empower associates to make informed benefit choices.

Technology, AI & Associate Experience

  • Serve as the product owner for vendor-delivered technology solutions, defining product roadmaps and expanding functionality to elevate the associate experience domestically or internationally.

  • Leverage AI, data analytics, and modern delivery channels to drive process efficiency, resolve complex issues, and personalize benefit engagement.

  • Build and sustain strategic networks to drive work smoothly across Capital One locations, managing processes, routines, communications, and shared documentation.

Financial Stewardship, Data & Analytics

  • Manage plan financials, including multi-million-dollar budget forecasting, cost-sharing strategies, and value-on-investment (VOI) assessments across U.S. self-funded plans or international pooled/insured arrangements.

  • Analyze plan metrics, market benchmarking, and associate feedback to drive continuous portfolio improvements and optimize program spend.

Governance, Vendor & Compliance Oversight

  • Maintain strategic oversight of external vendors (e.g., consultants and third party administrators).

  • Ensure program compliance with all applicable local, federal, statutory, or international regulations (e.g., ERISA, ACA, HIPAA, FMLA, and evolving state-mandated paid family/medical leave laws).

  • Monitor legislative trends and external market developments to proactively mitigate risks and preserve program competitiveness in relevant operating regions.

The ideal candidate for this role:

  • Experience leading benefits strategy for global organizations with 10,000+ employees

  • Experience engaging with Committees and/or C-suite executives to make decisions on benefits strategy, programs, and funding

  • Deep technical expertise in U.S., self-funded, health design or time off, disability, and paid leave strategy, along with ERISA, ACA, tax-advantaged accounts, and carrier negotiations

  • Ability to translate core benefits strategy across different regulatory and regional environments, while maintaining a unified associate experience

  • Strong written, verbal, and interpersonal communication skills

  • Ability to effectively build consensus, influence, and collaborate

  • Comfortable working in an Agile/Scaled Agile/Scrum environment

  • Work experience in Design Thinking/User Experience/Agile

  • Strong ability analyze and tell a story with data

  • Detail-oriented strategic thinker with analytical problem-solving capabilities 

  • Experience leading complex projects with a focus on execution and ability to work through ambiguity and deliver work through others

  • Experience as a Product Owner driving business intent for an integrated technology solution and ecosystem 

Basic Qualifications:

  • Bachelor’s degree or military experience

  • At least 6 years of experience in benefits design, strategy and management

  • At least 2 years of experience working within a matrixed environment 

  • At least 2 years of project management experience

  • At least 2 years of process management experience

  • At least 2 years of experience in data analysis and reporting

Preferred Qualifications:

  • 4 years of experience in global benefits for organizations with 10,000+ employees

  • 2 years of experience with benefits governance practices 

  • Professional Human Resources certification

  • Certified Employee Benefit Specialist (CEBS) or Certified Benefits Professional (CBP) designation

  • Solid business acumen, strategic thinker, and problem solver

  • Strong analytical skills and knowledge of statistical analysis

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 Manager, BenefitsRichmond, VA: $138,100 - $157,700 for Manager, Benefits


 


 


 


 


 


 


 


 


 

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.

About Capital One Financial Corporation

Chevy Chase Bank is the greater Washington region's largest locally-owned banking institution providing a complete array of financial products and services to consumers and businesses in Maryland, Virginia, and the District of Columbia. The Bank, which is headquartered in Bethesda, Maryland, has approximately 250 branches and over 1,000 ATMs, more than anyone else in the greater Washington market. Chevy Chase Bank currently has over $16 billion in assets and services over 1 million customers. For more information about Chevy Chase Bank, please visit chevychasebank.com.

Capital One Financial Corporation Careers

Join the vibrant team at Capital One Financial Corporation, a leader in the financial services industry, where innovation meets purpose-driven leadership. As one of the most forward-thinking companies in banking, Capital One is the perfect place to jumpstart or advance your career with a myriad of job opportunities in various fields.

Work You’ll Do

At Capital One, we are committed to excellence and setting our team members up for success. By joining our dynamic team, you will engage in meaningful work that makes a real difference. From developing cutting-edge technology to crafting personalized financial solutions, every position at Capital One is geared towards redefining the future of banking.

Innovate and Lead

Capital One is not just a company; it's a hub of innovation and leadership. We empower our professionals to lead with their ideas and see them come to life. Our culture thrives on diversity and the unique perspectives each team member brings. Here, your skills in networking, problem-solving, and leadership will not only be valued but also nurtured through professional development and diversity training.

Grow Your Career

Capital One is deeply invested in the growth and development of its employees. With robust training programs, mentorship, and resources for professional enhancement, we ensure that your career trajectory aligns with your personal and professional goals. Whether it’s rising through the ranks or switching tracks via internal job opportunities, your growth is our priority.

Internship and Employment Opportunities

For those starting their journey, Capital One offers enriching internship programs that provide a glimpse into the culture and work ethic that drives our success. Interns gain hands-on experience, valuable insights, and the opportunity to network with leaders across the company. For seasoned professionals, we offer positions that challenge your expertise while encouraging balance and innovation.

Benefits and Culture

Choosing to work at Capital One means opting for a lifestyle where your well-being is prioritized. Our benefits package is designed to support you both at work and in your personal life, encompassing health, finance, and family. The inclusive culture at Capital One ensures that everyone, regardless of background, has the opportunity to thrive.

Join Our Team

Explore the various career paths available at Capital One and discover how your skills and passions can align with our mission. We are continuously hiring across multiple disciplines, eager to welcome curious, creative, and driven individuals to our team.

Stay Connected

Keep up to date with the latest in career opportunities and company news by joining our network. Tailor your job alerts to match your career preferences and get insider tips that can transform your application process, from crafting your resume to acing your interview.

Search Capital One Jobs

Ready to take the next step in your career? Search open positions that match your skills and interests. At Capital One, your next job opportunity could be the gateway to a fulfilling and prosperous career.

Read Careers Blog

Stay ahead with career tips, insider perspectives, and industry-leading insights you can put to use today—all from the people who work here. Capital One Financial Corporation is not just a company—it's a place where you can make an impact. Discover the opportunities waiting for you in a career at Capital One. Join us and shape the future of banking with your vision, skills, and enthusiasm.
Learn more about Capital One Financial Corporation
Size
51,500 employees
Market Cap
$34.1 billion
Industry
Net Income
$2.7 billion
Founded
1994
5 Year Trend
+2.4%
NASDAQ

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