Senior Associate Quantitative Analysis - Model Risk Management

At Capital One data is at the center of everything we do. As a startup we disrupted the credit card industry by individually personalizing every credit card offer using statistical modeling and the relational database cutting edge technology in 1988! Fastforward a few years and this little innovation and our passion for data has skyrocketed us to a Fortune 200 company and a leader in the world of datadriven decisionmaking.

As a Quantitative Analyst at Capital One youll be part of a team thats leading the next wave of disruption at a whole new scale using the latest in cloud computing and machine learning technologies and operating across billions of customer records to unlock the big opportunities that help everyday people time and agony in their financial lives.

As a Senior Associate of Quantitative Analysis within the Model Risk Office you will be part of the validation team responsible for loss forecasting allowance and stress testing (CCAR) models used to determine loss reserves and capital requirements for retail portfolios including Credit Card and Auto lending. Validations cover all aspects of model development and performance and include forwardlooking advancements in modeling capabilities and quality. With a network of over 500 quantitative analysts data scientists and statisticians weve created a dynamic environment with ample opportunities for learning and growth.

Responsibilities and Skills:

• Partner with the various lines of business to enhance modeling and analytical framework

• Work across Capital One entities to create novel analytical solutions to the challenging business problems

• Identify opportunities to apply quantitative methods and automation solutions to improve business performance and process efficiencies

• Collaborate in a crossdisciplinary team to build cloudbased solutions grounded in data

• Identify opportunities to apply quantitative methods or machine learning to improve business performance.

Expertise in quantitative analysis is central to our success in all markets. Our modelers thrive in a culture of mutual respect excellence and innovation

Successful candidates will possess:

• Strong understanding of quantitative analysis methods in relation to financial institutions

• Demonstrated trackrecord in machine learning and econometric analysis

• Experience utilizing model estimation tools

• Ability to clearly communicate modeling results to a wide range of audiences

• Drive to develop and maintain high quality and transparent model documentation

• Strong written and verbal communication skills

• Strong presentation skills

Basic Qualifications:

• Currently has or is in the process of obtaining one of the following with an expectation that the required degree will be obtained on or before the scheduled start date:

  • A Bachelors Degree in a quantitative field (Statistics Economics Operations Research Analytics Mathematics Computer Science or a related quantitative field) plus 3 years of experience performing data analytics

  • A Masters Degree in a quantitative field (Statistics Economics Operations Research Analytics Mathematics Computer Science or a related quantitative field) or an MBA with a quantitative concentration plus 1 year of experience performing data analytics

Preferred Qualifications:

• Masters Degree or PhD in Statistics Economics Mathematics Financial Engineering Operations Research Engineering Finance Physics or related discipline

• At least 2 years of experience with data analysis

• At least 1 year of experience with Python R or other statistical analyst software

Capital One will consider sponsoring a new qualified applicant for employment authorization for this position.

The minimum and maximum fulltime 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 parttime roles will be prorated based upon the agreed upon number of hours to be regularly worked.

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 candidates offer letter.

Capital One offers a comprehensive competitive and inclusive set of health financial and other benefits that support your total wellbeing. Learn more at theCapital One Careers website. Eligibility varies based on full or parttime status exempt or nonexempt status and management level.

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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).