Senior Associate, Quantitative Analyst - Commercial Credit Modeling Team
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, you’ll be part of a team that’s 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 One’s 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, you’ll get an opportunity to solve a diverse set of problems with a diverse set of tools. In some settings, you’ll leverage open source programming or cloud computing to predict credit risk loss across multi-million record datasets using statistical techniques. In other settings, you’ll get the opportunity to use completely different skill sets, blending business thinking with simulation and quantitative tools when forecasting rare or unprecedented events. It’s a growing team full of exciting opportunities to solve a range of complex problems.
Responsibilities and Skills:
Develop credit risk models for various business applications, including internal risk rating, loss forecasting, stress testing, pricing for Structured Products
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 cloud-based 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 (must-have) and/or R (good to have) with self-drive to create accurate, efficient, and organized code using industry best practices
Hands-on 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 track-record 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
Experience with simulation-based modeling approach, stochastic processes, etc
Appreciation for processes, controls, and good governance
Basic Qualifications:
Currently has, or is in the process of obtaining one of the following with an exception that the required degree will be obtained on or before the scheduled start date:
A Master’s 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 in quantitative analytics
At least 1 year of experience in each of the following skills through education or experience:
Statistical or econometric modeling
Linear and logistic regression
Programming in R, Python or SQL
Presenting statistical concepts and research results to non-statistical audience
At least 1 year of experience in at least 3 of the following skills:
Survival analysis modeling
Time-series analysis
Panel data (longitudinal data or cross-sectional time-series data) analysis
Cross-sectional data analysis
Machine learning
Analysis and management of large datasets (>1M records)
Preferred Qualifications:
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: $135,600 - $154,800 for Sr Assoc,Quantitative Analysis
New York, NY: $148,000 - $168,900 for Sr Assoc,Quantitative Analysis
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 candidate’s 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 the Capital 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 City’s Fair Chance Act; Philadelphia’s Fair Criminal Records Screening Act; and other applicable federal, state, and local laws and regulations regarding criminal background inquiries.
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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).