Commercial Volumes Manager - Quantitative Analysis

Capital One
New York, New York, United States
Sep 15, 2023
Oct 15, 2023
Full Time
Locations: NY - New York, United States of America, New York, New York

Commercial Volumes Manager - Quantitative Analysis

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, you'll be part of a team that's 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.

Capital One's Commercial Bank team uses 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 C&I, CRE, and Structured Products. On this team, you'll get an opportunity to solve a diverse set of problems, with a diverse set of tools. In some settings, you'll leverage open source programming or cloud computing to predict outcomes across multi-million record datasets. In other settings, you'll get the opportunity to use completely different skill sets, blending business thinking with quantitative tools when forecasting rare- or unprecedented events. It's a growing team, full of exciting opportunities to solve a range of complex problems.

Responsibilities and Skills:
  • Partner with the various lines of business to enhance modeling and analytical framework for the Commercial Volumes system which sits across Commercial Credit Risk and Commercial Finance teams.
  • Work across Capital One entities to create novel analytical solutions to the challenging business problems.
  • Identify opportunities to apply quantitative methods and automation solutions to improve business performance and process efficiencies.
  • Collaborate in a cross-disciplinary team to build cloud-based solutions grounded in data and defensible assumptions.
  • 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.
  • Expertise in quantitative analysis is central to our success in all markets. Our modelers thrive in a culture of mutual respect, excellence and innovation.

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.
  • Ability to clearly communicate modeling results to a wide range of audiences.
  • Drive to develop and maintain high quality and transparent model documentation.
  • Excellent coding skills in R or Python and drive to create efficient, accurate, and maintainable code with best practices.
  • Strong written and verbal communication skills.
  • Strong presentation skills.
  • Appreciation for processes, controls, and good governance.
  • Ability to manage a small team and complex projects that require cross-team collaboration.

Basic Qualifications:
  • Bachelor's Degree plus at least 6 years of experience in data analytics, or Master's Degree plus at least 4 years of experience in data analytics, or PhD plus at least 1 year of experience in data analytics, financial modeling or econometric modeling (can include Graduate School Research work).
  • 2 years' experience in statistical or econometric modeling.

Preferred Qualifications:
  • Ph.D. in Statistics, Economics, Econometrics, Mathematics, Financial Engineering, Operations Research or Physics.
  • 4-6 years of credit risk or pre-provision net modeling for a commercial bank, such as default probability, loss given default, exposure at default, balances, prepayment, etc.
  • Experience with commercial prepayment, balance, and/or PPNR modeling.
  • Experience in underwriting, deal structuring, credit analysis or credit portfolio management.
  • 1 years' experience in commercial risk model, preferably commercial credit risk or pre-provision net revenue.

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.

New York City (Hybrid On-Site): $197,400 - $225,300 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 . All information you provide will be kept confidential and will be used only to the extent required to provide needed reasonable accommodations.

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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).