Senior Associate, Quantitative Analysis - Commercial Credit Modeling
Senior Associate, Quantitative Analysis - Commercial Credit Modeling
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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 save money time and agony in their financial lives.
Capital Ones Commercial Bank Team has a $100B loan portfolio that has grown organically and via acquisitions covering C&I CRE and Structured Products. On this team youll get an opportunity to solve a diverse set of problems with a diverse set of tools. In some settings youll leverage open source programming or cloud computing to predict outcomes across multimillion record datasets. In other settings youll get the opportunity to use completely different skill sets blending business thinking with quantitative tools when forecasting rare or unprecedented events. Its a growing team full of exciting opportunities to solve a range of complex problems.
Responsibilities and Skills:
Develop Commercial Real Estate credit risk models for various business applications including internal risk rating loss forecasting stress testing pricing
Partner with the business analyst team to enhance modeling and analytical frameworks to generate business insights and drive changes
Proactively identify opportunities to apply quantitative methods and automation solutions to improve model performance and process efficiencies
Collaborate with implementation and data infrastructure team to build cloudbased solutions for model deployment monitoring and maintenance
Work effectively with challenge functions to ensure prompt and comprehensive support for model governance
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:
Excellent coding skills in Python and/or R with selfdrive to create accurate efficient and organized code using industry best practices
Handson experience utilizing data analysis and visualization packages to gain insights from large datasets
Deep understanding of quantitative analysis methods with practical considerations under the context of financial institutions and/or commercial bank lending
Demonstrated trackrecord in applying statistical machine learning and/or econometric analysis to solve business problems
Drive to develop and maintain high quality and transparent model documentation
Strong communication skills both written and verbal and storytelling skills for presentations
Appreciation for processes controls and good governance
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.
Richmond VA: $120900 $138000 for Sr AssocQuantitative 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:
Senior IC
Employment Type
Full-Time
