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Senior Manager - Quantitative Analytics (Risk Ratings)

Employer
Capital One
Location
New York, New York, United States
Closing date
Feb 11, 2023

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Job Details

NYC 299 Park Avenue (22957), United States of America, New York, New York

Senior Manager - Quantitative Analytics (Risk Ratings)

Responsibilities and Skills:
  • Lead a team of quantitative analysts to develop deep modeling expertise, business context, and relationships in a business vertical, e.g., Commercial & Industrial lending, or Structured Products lending
  • Create 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.
  • 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 the newest and most innovative tools.
  • 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 to a wide range of audiences.
  • Drive to develop and maintain high quality and transparent model documentation.
  • Reverence for processes, controls, governance, and building good infrastructure
  • Ability to manage a small team and complex projects that require cross-team collaboration


Basic Qualifications:
  • Bachelor's Degree plus at least 7 years of experience in data analytics, or Master's Degree plus at least 5 years of experience in data analytics, or PhD plus at least 2 years of experience in data analytics, financial modeling or econometric modeling (can include Graduate School Research work).


Preferred Qualifications:
  • PhD in Statistics, Economics, Mathematics, Financial Engineering, Operations Research, Engineering, Finance, Physics or related disciplines.
  • 5 years of experience in statistical modeling or regression analytics or machine learning.
  • 4-6 years of credit risk modeling experience for commercial bank, such as default probability, loss given default, exposure at default etc.
  • 2 years of experience managing a team of analysts


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

The minimum and maximum full-time annual salaries for this role are listed below, by location. Please note that this salary information is solely for candidates hired to perform work within one of these locations, and refers to the amount Capital One is willing to pay at the time of this posting. Salaries for part-time roles will be prorated based upon the agreed upon number of hours to be regularly worked.

Location is New York City

- $222,589 and $262,605 for Sr Mgr, Quantitative Analysis

The minimum and maximum full-time annual salaries for this role are listed below, by location. Please note that this salary information is solely for candidates hired to perform work within one of these locations, and refers to the amount Capital One is willing to pay at the time of this posting. Salaries for part-time roles will be prorated based upon the agreed upon number of hours to be regularly worked.

Location is New York City: $190,950 - $225,278 for Manager, Quantitative Analysis

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.

This role is also eligible to earn performance based incentive compensation, which may include cash bonus(es) and/or long term incentives (LTI). Incentives could be discretionary or non discretionary depending on the plan.

Capital One offers a comprehensive, competitive, and inclusive set of health, financial and other benefits that support your total well-being. Learn more at the Capital One Careers website . Eligibility varies based on full or part-time status, exempt or non-exempt status, and management level.

No agencies please. Capital One is an Equal Opportunity Employer committed to diversity and inclusion in the workplace. All qualified applicants will receive consideration for employment without regard to sex, race, color, age, national origin, religion, physical and mental disability, genetic information, marital status, sexual orientation, gender identity/assignment, citizenship, pregnancy or maternity, protected veteran status, or any other status prohibited by applicable national, federal, state or local law. Capital One promotes a drug-free workplace. Capital One will consider for employment qualified applicants with a criminal history in a manner consistent with the requirements of applicable laws regarding criminal background inquiries, including, to the extent applicable, Article 23-A of the New York Correction Law; San Francisco, California Police Code Article 49, Sections 4901-4920; New York City's Fair Chance Act; Philadelphia's Fair Criminal Records Screening Act; and other applicable federal, state, and local laws and regulations regarding criminal background inquiries.

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).

Company

We Don’t Only Think Big Things—At Capital One, We Do Big Things.

You’re dedicated to your career. You deserve professional satisfaction and personal fulfillment. You belong at Capital One.

Here, every day brings another chance to do impactful work that matters: helping millions of customers confidently manage their money, building stronger communities and delivering truly disruptive tech. You’ll give your all alongside some of the brightest, most resilient people in the industry—and in return, you’ll enjoy the growth opportunities, support, flexibility and benefits you need for an exhilarating life both on and off the job.

Be inspired. Be yourself. That’s #LifeAtCapitalOne.

Creating a Culture of Belonging

At Capital One, we value diversity, inclusion and belonging at our core. We’re building a place of belonging—where everyone can feel seen, heard, valued and free to be their authentic selves. We want to be a place of opportunity—where associates from all backgrounds innovate for our customers and communities, and build meaningful, fulfilling careers.

We endeavor to be a welcoming and inspiring place for all. We seek and embrace diversity. And we’re committed to having a diverse and inclusive workforce, focused on increasing the representation of underrepresented groups, strengthening our culture of inclusion and belonging and harnessing our scale to invest in our communities.

We’re focused on three core principles to advance diversity, inclusion and belonging across Capital One:

Create a culture of belonging where everyone can thrive and innovate

Attract and develop talent from all backgrounds and experiences

Ensure our systems and programs promote fairness and equity

Get a career with more at Capital One.  Discover it for yourself today.

Capital One is an equal opportunity employer committed to diversity and inclusion in the workplace. All qualified applicants will receive consideration for employment without regard to sex, race, color, age, national origin, religion, sexual orientation, gender identity, protected veteran status, disability or other protected status.

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