Principal Associate, Data Scientist - AI in Credit

Capital One; McLean (VA); On-site; USD 162,000 - 185,000; Full time

Job summary

Capital One is seeking a Data Scientist to develop predictive credit models and leverage explainability techniques across billions of customer records. You will collaborate with ML engineers, product managers, credit analysts, and data engineers to drive data-driven credit decisions.

The role emphasizes advanced statistics, time-series, and deep learning, with opportunities to explore cutting-edge ML methods.

Qualifications

• Bachelor's degree in a quantitative field plus 5 years of data analytics experience.
• Master's degree in a quantitative field (or MBA with quantitative concentration) plus 3 years of data analytics experience.
• PhD in a quantitative field.

Responsibilities

• Develop modeling approaches to forecast credit outcomes in a rapidly changing economic environment.
• Apply explainability techniques to identify insights from complex models.
• Develop frameworks for AI-model-based decisioning in a highly regulated industry.
• Collaborate on a cross-functional team with diverse specializations and experience.

Skills

Python

Scala

R

Machine learning

Explainability

Distributed computing

Education

Bachelor's Degree in a quantitative field

Master's Degree in a quantitative field or MBA with quantitative concentration

PhD in a quantitative field

Job description

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 Data Scientist 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 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.

Team Description

The US Card Intelligence Segments organization builds industry-leading machine learning models that empower core underwriting decisions. We partner closely with a wide range of job families - machine learning engineers, product managers, credit analysts and data engineers - to deliver solutions from ideation to implementation.

The AI in Credit team is developing the next generation of predictive models to forecast how customers use their Capital One cards. We are a cross-functional collaboration that spans across the entire company, with scientists and engineers specializing in applied credit, deep learning, and high performance computing. Join us as we push the boundary of data-driven credit decisioning.

Role Description

In this role, you will:

• Develop modeling approaches to forecast credit outcomes in a rapidly changing economic environment
• Apply cutting-edge explainability techniques to identify insights from complex models
• Develop frameworks for AI-model-based decisioning in a highly regulated industry
• Collaborate on a cross-functional team with a wide range of specializations and experience

The Ideal Candidate is:

• A data guru. “Big data” doesn’t faze you. You have the skills to retrieve, combine, and analyze data from a variety of sources and structures. You know understanding the data is often the key to great data science.
• Creative. You thrive on bringing definition to big, undefined problems. You love asking questions and pushing hard to find answers. You’re not afraid to share a new idea.
• Statistically-minded. You’ve built models, validated them, and backtested them. You know how to interpret a confusion matrix or a ROC curve. You have experience with clustering, classification, sentiment analysis, time series, and deep learning.
• Innovative. You continually research and evaluate emerging technologies. You stay current on published state-of-the-art methods, technologies, and applications and seek out opportunities to apply them.

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 Bachelor's 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 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 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:

• Master’s Degree in an applied research field (physics/astronomy, chemistry, biology, engineering, operations research, sociology, etc.) plus 3 years of experience in data science, or PhD in an applied research field
• Experience in explainability a big plus
• Experience with distributed computing a plus
• At least 3 years’ experience in Python, Scala, or R
• At least 3 years’ experience with machine learning

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: $161,800 - $184,600 for Princ Associate, Data Science

New York, NY: $176,500 - $201,400 for Princ Associate, Data Science

Richmond, VA: $147,100 - $167,900 for Princ Associate, Data Science

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.

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.

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 1-800-304-9102 or via email at [e-mail]. 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 One's recruiting process, please send an email to [e-mail]

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).