Sign In
 [New User? Sign Up]
Mobile Version

Principal Quantitative Analyst – Model Validation

Capital One


Location:
McLean, VA
Date:
09/18/2017
2017-09-182017-10-17
Job Code:
capitalone2-R29942
Categories:
  • Financial Services
  • Management
  •  
  • Save Ad
  • Email Friend
  • Print
  • Research Salary

Job Details

Company Capital One

Job Title: Principal Quantitative Analyst – Model Validation

JobID: capitalone2-R29942

Location: McLean, VA, 22106, USA

Description: McLean 1 (19050), United States of America, McLean, Virginia



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. We are succeeding because they are succeeding.



Guided by our shared values, we thrive in an environment where collaboration and openness are valued. We believe that innovation is powered by perspective and that teamwork and respect for each other lead to superior results. We elevate each other and obsess about doing the right thing. Our associates serve with humility and a deep respect for their responsibility in helping our customers achieve their goals and realize their dreams. Together, we are on a quest to change banking for good.



Principal Quantitative Analyst – Model Validation



**Principal Quantitative Analyst – Model Validation**



Capital One, a Fortune 500 company and one of the nation’s top 10 banks, is one of the largest, most analytically sophisticated Financial Services providers in the world. We offer a broad spectrum of financial products and services to consumers, small businesses and commercial clients. We nurture a work environment where people with a variety of thoughts, ideas and backgrounds, guided by our shared Values, come together to make Capital One a great company and a great place to work.



As a Principal Quantitative Analyst within Credit Review, you will be responsible for validating retail credit models. Validations cover all aspects of model development and performance and include forward-looking advancements in model use, technology and monitoring controls. You will enhance your technical and analytical skills, while also working with business leaders to understand and influence business strategies. With a network of over 200 quantitative analysts, data scientists and statisticians, we’ve created a dynamic environment with ample opportunities for learning and growth.



**Responsibilities:**

• Develop and implement validation strategies for statistical and other quantitative models used in predicting credit risk, losses, and Net Present Value



• Assess the quality and risk of model methodologies, outputs, and processes



• Develop alternative model approaches to assess model design and advance future capabilities

• Understand relevant business processes and portfolios associated with model use, with the ability to interpret model results for business use, performance monitoring, and risk assessment

• Understand technical issues in econometric and statistical modeling and apply these skills toward assessing model risks and opportunities



• Execute validation projects under guidance of manager or in a larger team as necessary



• Conduct ad hoc quantitative analyses, modeling, or programming using SAS, SQL, R, or Python

• Communicate technical subject matter clearly and concisely, both verbally and through written communication via model validation reports and presentations, to individuals from various backgrounds



**Basic Qualifications:**

• Bachelor’s Degree



• At least 1 year of experience in quantitative analysis with Statistics, Econometrics, or Data Mining



• At least 1 year of experience with SAS, R, or Python



**Preferred Qualifications:**



• Master’s degree or PhD in quantitative field including Statistics, Econometrics, Mathematics, Industrial Engineering, Financial Engineering, Operations Research, Physics, or Technology

• 2+ years’ experience in consumer credit risk modeling and analysis, including Probability of Default, Loss Given Default, and Exposure at Default models



• 1+ years’ experience in credit lending, credit review, risk management, accounting, or audit



• 1+ years’ experience with Agile methodology, machine learning, or AWS



• Professional qualifications (CFA, FRM, etc.) or advanced programming certifications a plus



• At least 1 year of experience in econometric or statistical modeling

• Ability to communicate effectively and influence others across functions



• Results driven, with the ability to work both independently and in project teams



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



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. We are succeeding because they are succeeding.                                               


Powered By

Featured Employers

Featured Jobs

CareerConnection Video