Senior Associate, Quantitative Analyst - Model Risk Office

Capital One; Riverwoods (IL); On-site; USD 123,000 - 141,000; Full time

Job summary

Capital One is seeking a Senior Associate, Quantitative Analyst in the Model Risk Office to advance forecasting and validation efforts. This role emphasizes cross-functional collaboration, cloud-based analytics, and rigorous documentation of modeling results.

You will work with teams across the bank to strengthen risk models and support data-driven decision making. The ideal candidate brings a strong foundation in econometrics, machine learning, and large data analysis, plus the ability to

Qualifications

• Master's degree in a quantitative field or MBA with quantitative concentration by start date.
• At least 1 year of experience in statistical or econometric modeling and related techniques.
• Experience in 3 of: survival analysis, time-series, panel data, cross-sectional data, machine learning, large datasets.

Responsibilities

• Partner with the various lines of business to enhance modeling and analytical framework.
• Work across Capital One entities to create novel analytical solutions to business problems.
• Identify opportunities to apply quantitative methods and automation to improve performance and efficiency.
• 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.

Skills

Quantitative analysis

Econometrics

Regression analysis

Python/R/SQL

Model risk

Education

Master's in quantitative field

MBA with quantitative concentration

Tools

Python

R

SQL

Job description

Senior Associate, Quantitative Analyst - Model Risk Office

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. As part of the Model Risk function, you will partner with high-performing model development teams and model risk teams responsible for advance Capital One’s Loan Loss Forecasting and Allowance for Credit Losses (ACL) framework.

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.

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 econometric analysis.
• Experience utilizing model estimation tools.
• Ability to clearly communicate modeling or validation results to a wide range of audiences.
• Drive to develop and maintain high quality and transparent model documentation or validation reports.
• Strong written and verbal communication skills.
• Strong presentation skills.

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:

• 2 year of experience with Python, R or other statistical analyst software

Capital One will consider sponsoring a new qualified applicant for employment authorization for this position.

Salaries

• McLean, VA: $135,600 - $154,800 for Sr Assoc,Quantitative Analysis
• Anytown, IL: $123,300 - $140,700 for Sr Assoc,Quantitative Analysis
• Riverwoods, IL: $123,300 - $140,700 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.

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, 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.

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).

At Capital One, we’re building a leading information-based technology company. Still founder-led by Chairman and Chief Executive Officer Richard Fairbank, Capital One is on a mission to help our customers succeed by bringing ingenuity, simplicity, and humanity to banking. We measure our efforts by the success our customers enjoy and the advocacy they exhibit.