Principal Associate, Quantitative Analysis- Model Risk
- Employer
- Capital One
- Location
- McLean, Virginia
- Closing date
- Mar 13, 2021
View more
- Industry
- Financial Services and Banking
- Function
- Finance
- Hours
- Full Time
Job Details
Principal Associate, Quantitative Analysis- Model Risk
Capital One, a Fortune 100 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 Principal Associate, Quantitative Analysis within the Model Risk Office, you will be part of the model validation team, working on the validation of stress testing models and Interest Rate and Liquidity Risk Management models. 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 quantitative analysts and statisticians, 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:
- Perform model validation for statistical and other quantitative models used in stress testing, interest rate risk, liquidity risk and deposit funding
- Assess the quality and risk of model methodologies, outputs, and processes
- Develop alternative model approaches to assess model design and advance future capabilities
- Understand relevant business processes and portfolios associated with model use
- Understand technical issues in econometric, statistical and machine learning methods and apply these skills toward assessing model risks and opportunities
- Strong experience in programming
- Strong verbal and written communication skill, ability to clearly and concisely both verbally and through written communication via model validation reports and presentations
Basic Qualifications:
- Bachelor's Degree plus 4 years of experience in Quantitative Analytics or Data Analytics, or Master's degree plus 1 year of experience in Quantitative Analytics or Data Analytics, or PhD in a Quantitative analysis field
- At least 1 year of experience in data analytics or financial modeling or econometric modeling (can include Graduate School Research work)
Preferred Qualifications:
- Doctorate in quantitative field
- At least 2 years of experience with large scale data analysis
- At least 2 years of experience with Python, or R
- At least 1 year of experience with machine learning
- Proficiency in key financial engineering or econometric or statistical techniques
Capital One will consider sponsoring a new qualified applicant for employment authorization for this position.
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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