Principal Associate - Quantitative Analyst
Principal Associate - Quantitative Analyst
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Job Description
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.
This position offers a unique opportunity to be a part of the dynamic Finance organization at Capital One. The Finance organization has been on a technology journey seeking to find ways to leverage technology to drive deeper insights and make the complex simple. We are looking for candidates to help in our journey with modeling analytical and/or model implementation skills to join our finance team.
Responsibilities and Skills:
Partner with the various lines of business to develop and enhance Capital Markets modeling and analytical framework such as deposit predictions derivatives models and fixed income models.
Work across Capital One entities to create novel analytical solutions to 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.
Apply deep expertise in mathematics statistical and machine learning methods to generate critical insights and decision frameworks for our business and customers.
Providing technical guidance to business leadership.
Communicate technical subject matter clearly and concisely to individuals from various backgrounds.
Understand and navigate Risk Management Software to enable business analysis.
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 would possess:
Deep understanding of quantitative modeling in relation to finance deposit behaviors capital markets and investment portfolio modeling principles.
Extensive experience in Python or other objectoriented language.
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.
Ability to fully own the model development process: from conceptualization through data exploration model selection validation deployment business user training and monitoring.
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 5 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 3 years of experience performing data analytics
A PHD in a quantitative field (Statistics Economics Operations Research Analytics Mathematics Computer Science or a related quantitative field)
Preferred Qualifications:
Masters Degree or PhD in Statistics Economics Mathematics Financial Engineering Operations Research Engineering Finance Physics or related discipline.
Knowledge of derivative instruments and experience with derivatives modeling.
Behavior modeling (prepayment or default) experience for complex fixed income products or loans (mortgage/auto/card.
1 years experience with Python C or R.
1 years experience in machine learning.
2 years experience with data analysis and SQL.
1 year of experience manipulating and analyzing large data sets.
1 year of system and/or model implementation.
1 year of QRM experience.
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.
McLean VA: $158600 $181000 for Prin Assoc Quant AnalysisCandidates 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.
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 wellbeing. Learn more at theCapital One Careers website. Eligibility varies based on full or parttime status exempt or nonexempt 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 committed to diversity and inclusion in the workplace. All qualified applicants will receive consideration for employment without regard to sex (including pregnancy childbirth or related medical conditions) race color age national origin religion disability genetic information marital status sexual orientation gender identity gender reassignment citizenship immigration status protected veteran status or any other basis prohibited under applicable federal state or local law. Capital One promotes a drugfree 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 23A of the New York Correction Law; San Francisco California Police Code Article 49 Sections; New York Citys Fair Chance Act; Philadelphias 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 ator 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.
For technical support or questions about Capital Ones recruiting process please send an email to
Capital One does not provide endorse nor guarantee and is not liable for thirdparty products services educational tools or other information available through this site.
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).
Required Experience:
Staff IC
Employment Type
Full-Time
