Principal Quantitative Modeler

Information Technology Senior Management Forum; McLean (VA); On-site; USD 162,000 - 185,000; Full time

Job summary

Capital One is seeking a Principal Quantitative Modeler to advance predictive modeling across credit risk, leveraging cloud computing and ML techniques. You will work with business lines to create novel analytical solutions and drive model development from data exploration to deployment and monitoring.

The role emphasizes econometric and machine learning methods, rigorous documentation, and clear communication of results to diverse audiences. Strong collaboration and leadership are essential.

Qualifications

• Master’s or PhD in a quantitative field and 3+ years in quantitative analytics.
• 3+ years in statistical or econometric modeling, and in regression techniques.
• Proficiency in Python, R or SQL; ability to present results to non-statistical audience.

Responsibilities

• Collaborate with business lines to enhance modeling and analytics frameworks.
• Develop novel analytical solutions across Capital One entities.
• Apply quantitative methods and automation to improve performance and efficiency.
• Build cloud-based solutions grounded in data with cross-disciplinary teams.
• Own the model development process from concept to deployment and monitoring.

Skills

Quantitative modeling

Machine learning

Python/R/SQL

Education

Master’s degree in quantitative field

PhD in quantitative field

Tools

Python

R

SQL

Job description

Principal Quantitative Modeler

As a Quantitative Modeler 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.

This position is part of Capital One’s Credit Risk Management Modeling team. In this team, we use multiple cloud-based open-sourced technologies to develop econometric and machine learning models and analytics to predict and generate insight into Capital One’s risk and capital needs. We blend cutting-edge quantitative methods with deep understanding of our business, data, and regulatory environment to build predictive models for credit and operational losses, volumes and outstanding balances in support of loss forecasting, CECL/allowance, stress testing, and capital allocation for Capital One. Our models and analyses inform earnings call prep, vertical resilience and downturn preparedness initiatives.

In this position, you’ll be part of a team tasked with ushering in the next wave of disruption to predictive modeling - using technology to build & deploy models and solutions leveraging new data sources to provide powerful new insights about our portfolio resilience and opportunities.

Responsibilities and Skills:

• Partner with the various lines of business to enhance modeling and analytical framework.
• 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 or machine learning to improve business performance.
• Apply deep expertise in econometric, statistical and machine learning methods to generate critical insights and decision frameworks for our business and customers.
• 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 financial institutions.
• Demonstrated track‑record in machine learning and/or 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.
• Ability to fully own the model development process: from conceptualization through data exploration, model selection, validation, deployment, business user training, and monitoring.

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 3 years of experience in quantitative analytics
  • A PhD in a quantitative field (Statistics, Economics, Operations Research, Analytics, Mathematics, Computer Science, or a related quantitative field)
• At least 3 years 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 3 years 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:

• 4 years of experience with Python, R or other statistical analyst software
• 4 years of experience manipulating and analyzing large data sets

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 Prin Assoc, Quant 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.

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.

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].

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).