Principal Associate, Data Scientist - AI in Credit

Capital One; New York (NY); On-site; USD 177,000 - 201,000; Full time

Benefits offered by this job

Performance-based incentives

Job summary

Capital One in New York, NY is seeking a Principal Associate, Data Science to develop credit forecasting models and apply state-of-the-art explainability techniques. You will collaborate with a cross-functional team across applied credit, ML, and HPC disciplines to push the boundary of data-driven credit decisioning.

The ideal candidate will have 3+ years of ML experience, strong programming skills in Python/Scala/R, and a track record in building and validating models including time series and

Qualifications

• Bachelor's degree in a quantitative field plus 5 years of data analytics experience
• Master's degree in 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
• Apply explainability techniques to identify insights from complex models
• Develop frameworks for AI-model-based decisioning in a regulated industry
• Collaborate on a cross-functional team with varied specializations

Skills

Python

Scala

R

Machine Learning

Explainability

Distributed computing

Data analysis

Education

Bachelor's degree in quantitative field

Master's degree in quantitative field or MBA with quantitative concentration

PhD in quantitative field

Job description

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.

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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For technical support or questions about Capital One's recruiting process, please send an email to [e-mail]

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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).