Principal Quantitative Modeler
Capital One
Principal Quantitative Modeler
Job Description
Overview
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 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)
We strongly encourage all candidates that meet these qualifications, especially those that attend the AEA Conference, to apply.
Preferred Qualifications:
- PhD in Statistics, Economics, Mathematics, Financial Engineering, Operations Research, Engineering, Finance, Physics or related disciplines.
- 1+ year of experience with Python, R or other statistical analyst software.
- 2+ years of experience with data analysis.
- 1+ year of experience manipulating and analyzing large data sets.
- Proficiency in key econometric and statistical techniques (such as predictive modeling, logistic regression, survival analysis, panel data models, design of experiments, decision trees, machine learning methods.)
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.
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.Capital One offers a comprehensive, competitive, and inclusive set of health, financial and other benefits that support your total well-being. Learn more at theCapital One Careers website. Eligibility varies based on full or part-time status, exempt or non-exempt status, and management level.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 RecruitingAccommodation@capitalone.com. 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 Careers@capitalone.comCapital 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).
Locations
- McLean, Virginia McLean, VirginiaMcLean
Salary
Estimated Salary Rangemedium confidence
45,000 - 80,000 USD / yearly
* This is an estimated range based on market data and may vary based on experience and qualifications.
Skills Required
- Quantitative analysisintermediate
- Machine learningintermediate
- Econometric analysisintermediate
- Pythonintermediate
- Rintermediate
- Statistical analysisintermediate
- Predictive modelingintermediate
- Logistic regressionintermediate
- Survival analysisintermediate
- Panel data modelsintermediate
- Data analysisintermediate
- Cloud computingintermediate
Required Qualifications
- Bachelor's Degree in a quantitative field plus 5 years of experience performing data analytics (experience)
- Master's Degree in a quantitative field or MBA with quantitative concentration plus 3 years of experience performing data analytics (experience)
- PhD in a quantitative field (experience)
- PhD in Statistics, Economics, Mathematics, Financial Engineering, Operations Research, Engineering, Finance, Physics or related disciplines (experience)
- 1+ year of experience with Python, R or other statistical analyst software (experience)
- 2+ years of experience with data analysis (experience)
- 1+ year of experience manipulating and analyzing large data sets (experience)
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 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
- 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
Benefits
- general: Comprehensive, competitive, and inclusive set of health, financial and other benefits
Answer 10 quick questions to check your fit for Principal Quantitative Modeler @ Capital One.
10 Questions
~2 Minutes
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Principal Quantitative Modeler
Capital One
Principal Quantitative Modeler
Job Description
Overview
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 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)
We strongly encourage all candidates that meet these qualifications, especially those that attend the AEA Conference, to apply.
Preferred Qualifications:
- PhD in Statistics, Economics, Mathematics, Financial Engineering, Operations Research, Engineering, Finance, Physics or related disciplines.
- 1+ year of experience with Python, R or other statistical analyst software.
- 2+ years of experience with data analysis.
- 1+ year of experience manipulating and analyzing large data sets.
- Proficiency in key econometric and statistical techniques (such as predictive modeling, logistic regression, survival analysis, panel data models, design of experiments, decision trees, machine learning methods.)
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.
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.Capital One offers a comprehensive, competitive, and inclusive set of health, financial and other benefits that support your total well-being. Learn more at theCapital One Careers website. Eligibility varies based on full or part-time status, exempt or non-exempt status, and management level.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 RecruitingAccommodation@capitalone.com. 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 Careers@capitalone.comCapital 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).
Locations
- McLean, Virginia McLean, VirginiaMcLean
Salary
Estimated Salary Rangemedium confidence
45,000 - 80,000 USD / yearly
* This is an estimated range based on market data and may vary based on experience and qualifications.
Skills Required
- Quantitative analysisintermediate
- Machine learningintermediate
- Econometric analysisintermediate
- Pythonintermediate
- Rintermediate
- Statistical analysisintermediate
- Predictive modelingintermediate
- Logistic regressionintermediate
- Survival analysisintermediate
- Panel data modelsintermediate
- Data analysisintermediate
- Cloud computingintermediate
Required Qualifications
- Bachelor's Degree in a quantitative field plus 5 years of experience performing data analytics (experience)
- Master's Degree in a quantitative field or MBA with quantitative concentration plus 3 years of experience performing data analytics (experience)
- PhD in a quantitative field (experience)
- PhD in Statistics, Economics, Mathematics, Financial Engineering, Operations Research, Engineering, Finance, Physics or related disciplines (experience)
- 1+ year of experience with Python, R or other statistical analyst software (experience)
- 2+ years of experience with data analysis (experience)
- 1+ year of experience manipulating and analyzing large data sets (experience)
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 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
- 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
Benefits
- general: Comprehensive, competitive, and inclusive set of health, financial and other benefits
Answer 10 quick questions to check your fit for Principal Quantitative Modeler @ Capital One.
10 Questions
~2 Minutes
Instant Score
Related Books and Jobs