Principal Quantitative Analyst - Model Risk Office
Principal Quantitative Analyst - Model Risk Office
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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! Fast-forward 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 data-driven decision-making.
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.
As a Principal Associate Quantitative Analyst within the Model Risk Office you will be part of the model validation team working on the validation of CECL CCAR stress testing models and Interest Rate and Liquidity Risk Management models. Validations cover all aspects of model development and performance and include forward-looking advancements in model sophistication and quality. You will enhance your technical and analytical skills while also working closely with business leaders to influence business strategy. With a network of over 500 quantitative analysts and data scientists weve created a dynamic environment with plenty of room for you to learn grow and realize your full potential.
Responsibilities and Skills:
Develop and implement validation strategies for models used to support CCAR stress testing process including statistical and financial models.
Assess the quality and risk of model methodologies outputs and processes.
Develop alternative model approaches to assess model design and advance future capabilities.
Apply deep expertise in econometric statistical and machine learning methods to generate critical insights in assessing model risks and opportunities.
Communicate clearly and concisely both verbally and through written communication via model validation reports and presentations.
Identify opportunities to apply quantitative methods and automation solutions to improve business performance and process efficiencies.
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:
Strong understanding of quantitative analysis methods in relation to financial institutions.
Demonstrated track-record in 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.
Appreciation for processes controls and good governance.
Ability to manage complex projects that require cross-team collaboration.
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:
- PhD in Statistics Economics Mathematics Financial Engineering Operations Research Engineering Finance Physics or related disciplines.
- 1 year of experience with Python R or other statistical analyst software.
- 2 years of experience with data analysis.
- 1 year of experience manipulating and analyzing large data sets.
- Proficiency in key econometric and statistical techniques (such as predictive modeling logistic regression survival analysis panel data models design of experiments decision trees machine learning methods.)
Capital One will consider sponsoring a new qualified 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: $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 well-being. Learn more at theCapital 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.No agencies please. Capital One is an equal opportunity employer (EOE including disability/vet) committed to non-discrimination in compliance with applicable federal state and local laws. Capital One promotes a drug-free 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 23-A of the New York Correction Law; San Francisco California Police Code Article 49 Sections 4901-4920; 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 at 1- or 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 third-party 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
