Senior Manager, Quantitative Analysis – Model Risk

Capital One; McLean (VA); On-site; USD 225,400 - 257,200; Full time

Job summary

Capital One seeks a Senior Manager, Quantitative Analysis within the Model Risk Office to lead the validation of economic forecasting, stress testing, and finance models. You will guide performance assessment, document processes, and influence business strategy with a team of over 200 quantitative analysts.

Responsibilities include advancing modeling technology, communicating results to senior management and regulators, and leveraging open-source tools.

Qualifications

• Demonstrated track-record in modeling and experience utilizing model estimation tools such as Python or R
• Drive to continuously improve all aspects of their work in a collaborative fashion
• Experience in machine learning
• Strong communication skills with the ability to quickly understand existing models and new requirements
• Experience working with Agile development methodologies
• Strong grasp of econometric theory and methodologies
• Desire to remain on the leading edge of analytical technology with a passion for the newest and most innovative tools.

Responsibilities

• Remain on the leading edge of analytical technology with a passion for the newest and most innovative tools
• Develop alternative model approaches to assess model design and advance future capabilities
• Understand relevant business processes and portfolios associated with model use
• Understand technical issues in econometric, statistical, and machine learning modeling and apply these skills toward developing models and assessing model risks and opportunities
• Communicate technical subject matter clearly and concisely to individuals from various backgrounds both verbally and through written communication; prepare presentations of complex technical concepts and research results to non-specialist audiences and senior management
• Maintain the efficiency and accuracy of our models through continuous improvement and application of best practices
• Develop and maintain high quality and transparent documentation
• Leverage the latest open source technologies and tools to identify areas of opportunity in our existing framework

Skills

Modeling & estimation

Communication of results

Machine learning

Agile methodologies

Econometric theory

Team leadership

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

Tools

Python

R

Job description

Senior Manager, Quantitative Analysis – Model Risk

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 a Senior Manager, Quantitative Analyst within the Model Risk Office, you will be part of the Model Validation Team, working on the validation of Economic forecasting models, stress testing models, finance forecasting models and Interest Rate and Liquidity Risk Management models. Validations cover all aspects of model development and performance and include forward-looking advancements in model sophistication and quality. You will enhance your technical and analytical skills, while also working closely with business leaders to influence business strategy. With a network of over 200 quantitative analysts and statisticians, we’ve created a dynamic environment with plenty of room for you to learn, grow, and realize your full potential.

Responsibilities:

• Remain on the leading edge of analytical technology with a passion for the newest and most innovative tools
• Develop alternative model approaches to assess model design and advance future capabilities
• Understand relevant business processes and portfolios associated with model use
• Understand technical issues in econometric, statistical, and machine learning modeling and apply these skills toward developing models and assessing model risks and opportunities
• Communicate technical subject matter clearly and concisely to individuals from various backgrounds both verbally and through written communication; prepare presentations of complex technical concepts and research results to non-specialist audiences and senior management
• Maintain the efficiency and accuracy of our models through continuous improvement and application of best practices
• Develop and maintain high quality and transparent documentation
• Leverage the latest open source technologies and tools to identify areas of opportunity in our existing framework

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:

• Demonstrated track-record in modeling and experience utilizing model estimation tools such as Python or R
• Ability to clearly communicate modeling results to management, model risk office, regulator and other modelers
• Drive to continuously improve all aspects of their work in a collaborative fashion
• Experience in machine learning
• Strong communication skills with the ability to quickly understand existing models and new requirements/business needs
• Experience working with Agile development methodologies
• Strong grasp of econometric theory and methodologies
• Desire to remain on the leading edge of analytical technology with a passion for the newest and most innovative tools.

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 7 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 5 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) plus 2 years of experience performing data analytics

Preferred Qualifications:

• PhD in Economics, Statistics, Mathematics, Financial Engineering, Finance, Physics or related disciplines
• At least 5 years of experience in statistical modeling or regression analytics or machine learning
• At least 2 years of experience managing large-scale projects
• At least 2 years of experience managing a team of analysts

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: $225,400 - $257,200 for Sr Mgr, 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 . 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.