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Principal Quantitative Modeler

Capital One


Location:
McLean, VA
Date:
07/20/2017
2017-07-202017-08-19
Job Code:
capitalone2-R28647
Categories:
  • Financial Services
  • Management
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Job Details

Company Capital One

Job Title: Principal Quantitative Modeler

JobID: capitalone2-R28647

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 Modeler



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.



The risk capital team is a combination of risk management and treasury balance sheet management function. The team is responsible for calculating credit risk capital for entire Capital One balance sheet including credit card, auto finance, home loan and commercial businesses, both for fulfilling top of the house regulatory requirement and for managing individual business origination decision.



Expertise in quantitative analysis is central to our success. Successful candidates will partner cross-functionally with business teams throughout the company to deliver breakthrough analytical solutions to support a winning strategy in a continually changing business environment.



**Responsibilities:**

• Lead the development, enhancement and implementation of statistical and other quantitative models to support stress testing, Basel and economic capital calculations and other business applications

• Understand technical issues in econometric and statistical modeling and apply these skills toward solving business problems

• Full ownership of the model development process and relationship with the business customer: from conceptualization through data exploration, model selection and validation, implementation, business user training and support

• Develop model monitoring plan, monitor statistical model performance, and provide technical guidance to business leadership

• Identify opportunities to apply quantitative methods to improve business performance

• Communicate technical subject matter clearly and concisely to individuals from various backgrounds

• Develop quantitative modeling competencies of others within the same line of business. Teach and Mentor quantitative modelers



**Basic Qualifications:**

• Bachelor's Degree in Statistics, Economics, Mathematics, Financial Engineering or Operations Research

• At least 2 years’ experience in Statistical or Econometrics hands-on work

• At least 1 year of experience with credit risk modeling or consumer behavior modeling



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



**Preferred Qualifications:**

• Master's Degree or Doctorate in Statistics, Economics, Mathematics, Financial Engineering or Operations Research

• 3+ years’ experience in Statistical hands-on work

• 3+ years’ experience using Python

• 2+ years’ experience manipulating and performing analysis with large databases

• 2+ years’ experience in Credit Risk Modeling



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.                                               


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