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Senior Manager, Quantitative Analysis – Model Validation

Capital One


Location:
McLean, VA
Date:
09/20/2017
2017-09-202017-10-19
Job Code:
capitalone2-R26586
Categories:
  • Financial Services
  • Management
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Job Details

Company Capital One

Job Title: Senior Manager, Quantitative Analysis – Model Validation

JobID: capitalone2-R26586

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.



Senior Manager, Quantitative Analysis – 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 Quantitative Analyst Sr. Manager within the Model Risk Office, you will lead a team or be an individual contributor in the validation of loss forecasting, stress testing and Basel-related models that are used to measure risk and calculate capital requirements associated with financial assets. 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 Statisticians, challenging projects with an eye on the bottom line and a focus on work/life balance, we’ve created a dynamic environment with plenty of room for you to learn, grow, and realize your full potential.



**Specific responsibilities may include, but are not limited to:**



- Contributing to model validation projects, in a leadership and/or analytic capacity



- Understanding business processes and portfolios associated with model use, and the nature of model use within those processes



- Assessing the methodologies and processes used by modeling teams to develop and manage their models, and identifying potential weaknesses and the associated materiality of the risk



- Developing project plans, setting and managing expectations, and delivering results through self and/or others



- Benchmarking model methodologies and performance by specifying and managing the development of alternative models



- Analyzing complex data to determine correlations and data integrity issues



- Researching industry practices related to model methodologies



- Documenting validation processes and results



- Communicating validation work to management, model owners, regulators, and auditors



- Leveraging education, colleagues and training opportunities to develop solutions to business problems



- Assisting with building the validation group, through contributions to hiring, training, and developing infrastructure such as processes and templates



**Basic Qualifications:**

- Master’s Degree in Statistics, Economics, Mathematics, Financial Engineering, Operations Research, Physics or Technology

- At least 4 years of experience in Statistical or Econometrics modeling



**Preferred Qualifications:**

- Doctorate in Statistics, Economics, Mathematics, Financial Engineering, Operations Research, Physics or Technology

- 7+ years of experience in consumer or commercial risk

- 5+ years of experience in risk scoring and forecasting models



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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