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Capital One

Senior Quantitative Analyst – Model Validation

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.

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Senior Quantitative Analyst – 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 Senior Quantitative Analyst within Credit Review, you will be responsible for validating retail and commercial credit models. Validations cover all aspects of model development and performance and include forward-looking advancements in model sophistication and quality. You will enhance your technical and analytical skills, while also working with business leaders to understand and influence business strategies. With a network of over 200 quantitative analysts, data scientists and statisticians, we've created a dynamic environment with ample opportunities for learning and growth.

Responsibilities:

  • Develop and implement validation strategies for statistical and other quantitative models used in predicting credit risk, losses, and Net Present Value
  • 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, with the ability to interpret model results for business use, performance monitoring, and risk assessment
  • Understand technical issues in econometric and statistical modeling and apply these skills toward assessing model risks and opportunities
  • Execute validation projects under guidance of manager or in a larger team as necessary
  • Conduct ad hoc quantitative analyses, modeling, or programming using SAS, SQL, R, or Python
  • Communicate technical subject matter clearly and concisely, both verbally and through written communication via model validation reports and presentations, to individuals from various backgrounds

Basic Qualifications:

  • Bachelor's Degree in Statistics, Econometrics, Mathematics, Industrial Engineering, Financial Engineering, Operations Research, Physics, or Technology
  • At least 1 year of experience in econometric or statistical modeling
  • At least 1 year of experience in quantitative analysis with Statistics, Econometrics, or Data Mining
  • At least 1 year of experience with SAS, R, or Python

Preferred Qualifications:

  • Master's degree or PhD in quantitative field including Statistics, Mathematics, or Economics
  • 2+ years' experience in consumer or commercial credit risk modeling and analysis, including Probability of Default, Loss Given Default, and Exposure at Default models
  • 1+ years' experience in credit lending, credit review, risk management, accounting, or audit
  • 1+ years' experience with Agile methodology, machine learning, or AWS
  • Professional qualifications (CFA, FRM, etc.) or advanced programming certifications a plus
  • Ability to communicate effectively and influence others across functions
  • Results driven, with the ability to work both independently and in project teams

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

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

Job ID: c9bb82458c0b7c005cd7fdcc58291b51
Employment Type: Other

Perks and Benefits

  • Health and Wellness

    • Health Insurance
    • Health Reimbursement Account
    • Dental Insurance
    • Vision Insurance
    • Life Insurance
    • Short-Term Disability
    • Long-Term Disability
    • FSA
    • FSA With Employer Contribution
    • HSA
    • HSA With Employer Contribution
    • On-Site Gym
    • Pet Insurance
    • Mental Health Benefits
    • Virtual Fitness Classes
  • Parental Benefits

    • Fertility Benefits
    • Adoption Assistance Program
    • Family Support Resources
    • Birth Parent or Maternity Leave
    • Non-Birth Parent or Paternity Leave
    • Adoption Leave
  • Work Flexibility

    • Flexible Work Hours
    • Remote Work Opportunities
    • Hybrid Work Opportunities
  • Office Life and Perks

    • Commuter Benefits Program
    • Casual Dress
    • Happy Hours
    • Snacks
    • Company Outings
    • On-Site Cafeteria
    • Holiday Events
  • Vacation and Time Off

    • Paid Vacation
    • Paid Holidays
    • Personal/Sick Days
    • Leave of Absence
    • Volunteer Time Off
  • Financial and Retirement

    • 401(K) With Company Matching
    • Stock Purchase Program
    • Performance Bonus
    • Relocation Assistance
    • Financial Counseling
    • Profit Sharing
  • Professional Development

    • Tuition Reimbursement
    • Promote From Within
    • Mentor Program
    • Shadowing Opportunities
    • Access to Online Courses
    • Lunch and Learns
    • Internship Program
    • Work Visa Sponsorship
    • Leadership Training Program
    • Associate or Rotational Training Program
  • Diversity and Inclusion

    • Diversity, Equity, and Inclusion Program
    • Employee Resource Groups (ERG)
    • Founder led

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