Senior Associate, Quantitative Analyst MLRO

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.

This position works on developing market and counterparty credit risk models for the Capital Markets line of business. These models are critical to enabling continued prudent growth of the Commercial Bank and other trading activity. The outputs of these models will be used in hedging trading risks stress testing risk-weighted assets and limits monitoring.

Responsibilities and Skills:

• Partner with the various lines of business to enhance modeling and analytical framework. Particularly focused on Value-at-Risk (VaR) Greeks (sensitivities) Potential Future Exposure (PFE) and Credit Value Adjustment (CVA)

• 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 cross-disciplinary team to build cloud-based solutions grounded in data

• Identify opportunities to apply quantitative methods to improve business performance

• Providing technical guidance to business leadership

• Communicate technical subject matter clearly and concisely to individuals from various backgrounds.

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 derivatives.

• Strong coding skills in modern scripting languages such or Python.

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

• Strong written and verbal communication skills and ability to document analyses for reproducibility.

• Ability to fully own the model development process: from conceptualization through data exploration model selection validation deployment business user training and monitoring.

• Demonstrated track-record in econometric analysis.

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 in a highly quantitative field (Statistics Economics Mathematics Financial Engineering Operations Research or Technology related discipline)

• Experience with developing and implementing models using languages (.NET or Python) and working with data using query languages such as SQL

• Experience in statistical techniques such as classification clustering and regression

• Experience working with large-scale cloud-based coding environments and databases

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.

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 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.

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

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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).