Manager, Quantitative Analysis - Credit Risk Ratings

At Capital One data is at the center of everything we do. As a startup, we disrupted the credit card industry by individually personalizing every credit card offer using statistical modeling and the relational database, cutting edge technology in 1988! Fast-forward a few years, and this little innovation and our passion for data has skyrocketed us to a Fortune 200 company and a leader in the world of data-driven decision-making.

As a Quantitative Analyst at Capital One, youll be part of a team thats 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.

As a Quantitative Analyst in Capital Ones Commercial Bank, youll be part of a team using modern technology to disrupt, generate insights, and drive critical business planning. The Commercial Bank has a $100B+ loan portfolio that has grown organically and via acquisitions, covering Commercial and Industrial, Commercial Real Estate, and Structured Products. On this team, youll get an opportunity to develop credit risk models for a diverse set of portfolios with a diverse set of tools and challenges. This will involve blending business thinking and economic fundamentals with robust quantitative tools to forecast rare credit default and loss events. Its a growing team full of exciting opportunities to solve complex problems across a range of business segments.

Responsibilities and Skills:

• Lead a team of quantitative analysts to develop credit risk rating models that are robust, intuitive, well-grounded, and that support Commercial business and credit experts in their decision making
• Collaborate with other credit modeling functions (e.g., ACL, CCAR) to ensure a coherent and cohesive suite of models to forecast losses for the entire Commercial Bank
• Work effectively with challenge functions to ensure prompt and comprehensive support
• Maintain the existing suite of models and tools for accuracy, compliance, and user support
• Manage model development project timelines against the needs and capacity of the project team
• Understand technical issues in econometric and statistical modeling and apply these skills toward developing models and assessing model risks and opportunities
• Effectively communicate technical subject matter to individuals from various backgrounds both verbally and through written materials
• Identify opportunities to apply quantitative methods and automation solutions to improve business performance and process efficiencies

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 statistical-learning and econometric analysis
• Desire to remain on the leading edge of analytical technology with a passion for finding value in the newest and most innovative tools
• Consulting experience
• Strong coding skills in R or Python and drive to create efficient, accurate, and maintainable code with best practices
• Ability to clearly communicate modeling results and recommendations to senior leaders and maintain high standards of documentation
• Intellectual curiosity and a drive to produce best estimates that balance confidence and uncertainty
• Reverence for processes, controls, governance, and infrastructure
• Ability to manage a small team and projects that require cross-team collaboration

Basic Qualifications:

• Currently has, or is in the process of obtaining a Bachelors Degree plus at least 6 years of experience in data analytics, or currently has, or is in the process of obtaining a Masters Degree plus at least 4 years of experience in data analytics, or currently has, or is in the process of obtaining PhD plus at least 1 year of experience in data analytics, financial modeling or econometric modeling (can include Graduate School Research work) with an expectation that required degree will be obtained on or before the scheduled start date

Preferred Qualifications:

• PhD in Statistics, Economics, Mathematics, Financial Engineering, Operations Research, Engineering, Finance, Physics or related disciplines
• 5+ years of experience in statistical modeling, regression analytics or machine learning
• 4+ years of credit risk modeling experience for commercial banks (default probability, loss given default, or exposure at default)
• 2+ years of experience managing a team of analysts

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

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.com

Capital 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).

At Capital One data is at the center of everything we do. As a startup, we disrupted the credit card industry by individually personalizing every credit card offer using statistical modeling and the relational database, cutting edge technology in 1988! Fast-forward a few years, and this little innovation and our passion for data has skyrocketed us to a Fortune 200 company and a leader in the world of data-driven decision-making.

As a Quantitative Analyst at Capital One, youll be part of a team thats 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.

As a Quantitative Analyst in Capital Ones Commercial Bank, youll be part of a team using modern technology to disrupt, generate insights, and drive critical business planning. The Commercial Bank has a $100B+ loan portfolio that has grown organically and via acquisitions, covering Commercial and Industrial, Commercial Real Estate, and Structured Products. On this team, youll get an opportunity to develop credit risk models for a diverse set of portfolios with a diverse set of tools and challenges. This will involve blending business thinking and economic fundamentals with robust quantitative tools to forecast rare credit default and loss events. Its a growing team full of exciting opportunities to solve complex problems across a range of business segments.

Responsibilities and Skills:

• Lead a team of quantitative analysts to develop credit risk rating models that are robust, intuitive, well-grounded, and that support Commercial business and credit experts in their decision making
• Collaborate with other credit modeling functions (e.g., ACL, CCAR) to ensure a coherent and cohesive suite of models to forecast losses for the entire Commercial Bank
• Work effectively with challenge functions to ensure prompt and comprehensive support
• Maintain the existing suite of models and tools for accuracy, compliance, and user support
• Manage model development project timelines against the needs and capacity of the project team
• Understand technical issues in econometric and statistical modeling and apply these skills toward developing models and assessing model risks and opportunities
• Effectively communicate technical subject matter to individuals from various backgrounds both verbally and through written materials
• Identify opportunities to apply quantitative methods and automation solutions to improve business performance and process efficiencies

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 statistical-learning and econometric analysis
• Desire to remain on the leading edge of analytical technology with a passion for finding value in the newest and most innovative tools
• Consulting experience
• Strong coding skills in R or Python and drive to create efficient, accurate, and maintainable code with best practices
• Ability to clearly communicate modeling results and recommendations to senior leaders and maintain high standards of documentation
• Intellectual curiosity and a drive to produce best estimates that balance confidence and uncertainty
• Reverence for processes, controls, governance, and infrastructure
• Ability to manage a small team and projects that require cross-team collaboration

Basic Qualifications:

• Currently has, or is in the process of obtaining a Bachelors Degree plus at least 6 years of experience in data analytics, or currently has, or is in the process of obtaining a Masters Degree plus at least 4 years of experience in data analytics, or currently has, or is in the process of obtaining PhD plus at least 1 year of experience in data analytics, financial modeling or econometric modeling (can include Graduate School Research work) with an expectation that required degree will be obtained on or before the scheduled start date

Preferred Qualifications:

• PhD in Statistics, Economics, Mathematics, Financial Engineering, Operations Research, Engineering, Finance, Physics or related disciplines
• 5+ years of experience in statistical modeling, regression analytics or machine learning
• 4+ years of credit risk modeling experience for commercial banks (default probability, loss given default, or exposure at default)
• 2+ years of experience managing a team of analysts

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

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.com

Capital 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).