Senior Business Analyst - Card Loss Forecast and Allowance
Capital One
Senior Business Analyst - Card Loss Forecast and Allowance
Job Description
Overview
About the organization:The Loss Forecasting and Allowance team resides within our Consumer Card Risk Management Organization and is focused on delivering quality forecasts to our Consumer Card businesses (US Card, Canada and UK). This ultimately impacts LOB-wide budgets and planning, and directly impacts company wide earnings. The broader team also works on Stress Testing initiatives as well as quarterly updates on the state of credit which is shared directly with Rich Fairbank, CEO and the Executive Committee. The team environment is collaborative, engaging, and offers ample opportunities for meaningful contributions to the highly visible work we do.The Role:As a Senior Business Analyst at Capital One, you will apply your strategic and analytical skills to major company challenges. You will team with world-class professionals to develop and test strategies that ultimately impact the bottom line. And you will do it all in a collaborative environment that values your insight, encourages you to take on new responsibility, promotes continuous learning, and rewards innovation. This role sits on the Card Allowance team which produces a quarterly forecast for expected lifetime credit losses (i.e. the reserve for loans we expect not to collect on under GAAP standards). This has direct impacts on the consolidated P&L impacts of the business and is frequently discussed in the context of company wide earnings. This work entails analytical rigor, technical savvy, and sound judgement to create forecasts that are ultimately shared by our team with a wide range of senior stakeholders across the company. In doing so, you will work alongside driven teammates and a variety of cross-functional teams (Accounting/Finance, Capital Risk, firstline business teams, among others) to build out a robust and well-informed product.Additional aspects of this role include gaining familiarity with the underlying models and data, engaging with firstline teams to stay apprised of business strategy changes, assessing internal and external trends to derive insights into credit performance, and identifying areas to improve our processes and forecasts.General Responsibilities Include, But Are Not Limited To:Analysis: Identify business challenges and opportunities for improvement and solve for them using analysis to make strategic or tactical recommendations
Product: Perform modeling/analytics to assist new product and pricing strategies for various lending products
Credit Risk: Support step-change improvements in credit performance by connecting drivers of future consumer credit trends to historical behavior, creating risk models, and testing hypotheses using rigorous monitoring and analysis
Execution: Involve problem frame-works, develop hypotheses, test and analysis, solution development, scope operational feasibility, lead implementation efforts and develop a monitoring plan
Partnership: Work closely with colleagues across Capital One including: IT, Sales, Operations, Finance and others to drive improvement in quality, volume, service, and profitability
Strategic & analytic orientation: A proven track record of decision making and problem solving based on analytics. Conceptual thinking skills must be complemented by a strong quantitative orientation, given that a large part of the business is based on rigorous analytic marketing & credit risk management
Strong business judgment, leadership and integrity: He/she should be a tenacious decision maker, able to bring a healthy, aggressive, yet responsible approach to business
Strong communication skills: Impeccable written and oral communication credentials, coupled with strategic influencing skills and the ability to drive agreement through intellect, interpersonal and negotiation skills
Clear results orientation: display an intense focus on achieving both short and long term goals. He/she should be able to drive and execute an agenda in an uncertain and fluid environment
Successful track record of thriving in a fast paced, entrepreneurial and dynamic environment. Previous consulting experience is a plus
Bachelor’s Degree in any quantitative field (Business, Math, Economics, Finance, Statistics, Science, Engineering)
At least 1 year of experience in analysis
Master’s Degree in Business or quantitative field such as Finance, Economics, Physical Sciences, Math, Statistics, Engineering
1+ years of experience in Statistical model building
1+ years of experience in market research
1+ years of experience in SQL querying
2+ years of experience in business analysis
1+ years of experience in consulting
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, United States
- Chicago, Illinois, United States
- Riverwoods, Illinois McLean, VirginiaChicago
Salary
50,000 - 85,000 USD / yearly
* This is an estimated range based on market data and may vary based on experience and qualifications.
Skills Required
- SQL queryingintermediate
- Statistical model buildingintermediate
- Business analysisintermediate
- Data analysisintermediate
- Market researchintermediate
Required Qualifications
- Bachelor’s Degree in quantitative field (Business, Math, Economics, Finance, Statistics, Science, Engineering) (experience)
- At least 1 year of experience in analysis (experience)
- Master’s Degree in Business or quantitative field (preferred) (experience)
- 1+ years of experience in Statistical model building (preferred) (experience)
- 1+ years of experience in market research (preferred) (experience)
- 1+ years of experience in SQL querying (preferred) (experience)
- 2+ years of experience in business analysis (preferred) (experience)
- 1+ years of experience in consulting (preferred) (experience)
Responsibilities
- Identify business challenges and opportunities using analysis to make recommendations
- Perform modeling/analytics for new product and pricing strategies
- Support improvements in credit performance through risk models and hypothesis testing
- Develop hypotheses, test and analyze, develop solutions, lead implementation
- Work closely with IT, Sales, Operations, Finance to drive improvements
Benefits
- general: comprehensive, competitive, and inclusive set of health, financial and other benefits
Answer 10 quick questions to check your fit for Senior Business Analyst - Card Loss Forecast and Allowance @ Capital One.
Related Books and Jobs
Senior Business Analyst - Card Loss Forecast and Allowance
Capital One
Senior Business Analyst - Card Loss Forecast and Allowance
Job Description
Overview
About the organization:The Loss Forecasting and Allowance team resides within our Consumer Card Risk Management Organization and is focused on delivering quality forecasts to our Consumer Card businesses (US Card, Canada and UK). This ultimately impacts LOB-wide budgets and planning, and directly impacts company wide earnings. The broader team also works on Stress Testing initiatives as well as quarterly updates on the state of credit which is shared directly with Rich Fairbank, CEO and the Executive Committee. The team environment is collaborative, engaging, and offers ample opportunities for meaningful contributions to the highly visible work we do.The Role:As a Senior Business Analyst at Capital One, you will apply your strategic and analytical skills to major company challenges. You will team with world-class professionals to develop and test strategies that ultimately impact the bottom line. And you will do it all in a collaborative environment that values your insight, encourages you to take on new responsibility, promotes continuous learning, and rewards innovation. This role sits on the Card Allowance team which produces a quarterly forecast for expected lifetime credit losses (i.e. the reserve for loans we expect not to collect on under GAAP standards). This has direct impacts on the consolidated P&L impacts of the business and is frequently discussed in the context of company wide earnings. This work entails analytical rigor, technical savvy, and sound judgement to create forecasts that are ultimately shared by our team with a wide range of senior stakeholders across the company. In doing so, you will work alongside driven teammates and a variety of cross-functional teams (Accounting/Finance, Capital Risk, firstline business teams, among others) to build out a robust and well-informed product.Additional aspects of this role include gaining familiarity with the underlying models and data, engaging with firstline teams to stay apprised of business strategy changes, assessing internal and external trends to derive insights into credit performance, and identifying areas to improve our processes and forecasts.General Responsibilities Include, But Are Not Limited To:Analysis: Identify business challenges and opportunities for improvement and solve for them using analysis to make strategic or tactical recommendations
Product: Perform modeling/analytics to assist new product and pricing strategies for various lending products
Credit Risk: Support step-change improvements in credit performance by connecting drivers of future consumer credit trends to historical behavior, creating risk models, and testing hypotheses using rigorous monitoring and analysis
Execution: Involve problem frame-works, develop hypotheses, test and analysis, solution development, scope operational feasibility, lead implementation efforts and develop a monitoring plan
Partnership: Work closely with colleagues across Capital One including: IT, Sales, Operations, Finance and others to drive improvement in quality, volume, service, and profitability
Strategic & analytic orientation: A proven track record of decision making and problem solving based on analytics. Conceptual thinking skills must be complemented by a strong quantitative orientation, given that a large part of the business is based on rigorous analytic marketing & credit risk management
Strong business judgment, leadership and integrity: He/she should be a tenacious decision maker, able to bring a healthy, aggressive, yet responsible approach to business
Strong communication skills: Impeccable written and oral communication credentials, coupled with strategic influencing skills and the ability to drive agreement through intellect, interpersonal and negotiation skills
Clear results orientation: display an intense focus on achieving both short and long term goals. He/she should be able to drive and execute an agenda in an uncertain and fluid environment
Successful track record of thriving in a fast paced, entrepreneurial and dynamic environment. Previous consulting experience is a plus
Bachelor’s Degree in any quantitative field (Business, Math, Economics, Finance, Statistics, Science, Engineering)
At least 1 year of experience in analysis
Master’s Degree in Business or quantitative field such as Finance, Economics, Physical Sciences, Math, Statistics, Engineering
1+ years of experience in Statistical model building
1+ years of experience in market research
1+ years of experience in SQL querying
2+ years of experience in business analysis
1+ years of experience in consulting
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, United States
- Chicago, Illinois, United States
- Riverwoods, Illinois McLean, VirginiaChicago
Salary
50,000 - 85,000 USD / yearly
* This is an estimated range based on market data and may vary based on experience and qualifications.
Skills Required
- SQL queryingintermediate
- Statistical model buildingintermediate
- Business analysisintermediate
- Data analysisintermediate
- Market researchintermediate
Required Qualifications
- Bachelor’s Degree in quantitative field (Business, Math, Economics, Finance, Statistics, Science, Engineering) (experience)
- At least 1 year of experience in analysis (experience)
- Master’s Degree in Business or quantitative field (preferred) (experience)
- 1+ years of experience in Statistical model building (preferred) (experience)
- 1+ years of experience in market research (preferred) (experience)
- 1+ years of experience in SQL querying (preferred) (experience)
- 2+ years of experience in business analysis (preferred) (experience)
- 1+ years of experience in consulting (preferred) (experience)
Responsibilities
- Identify business challenges and opportunities using analysis to make recommendations
- Perform modeling/analytics for new product and pricing strategies
- Support improvements in credit performance through risk models and hypothesis testing
- Develop hypotheses, test and analyze, develop solutions, lead implementation
- Work closely with IT, Sales, Operations, Finance to drive improvements
Benefits
- general: comprehensive, competitive, and inclusive set of health, financial and other benefits
Answer 10 quick questions to check your fit for Senior Business Analyst - Card Loss Forecast and Allowance @ Capital One.
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