Manager, Quantitative Analysis – Model Validation
Location:
Rolling Meadows , Illinois
Posted:
February 08, 2017
Reference:
R18630
Atrium (35004), United States of America, Rolling Meadows, Illinois

Manager, Quantitative Analysis – 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 Manager of Quantitative Analysis within the Model Risk Office, you will lead the validation of loss forecasting, stress testing, and Basel models used to measure risk and calculate capital requirements.  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 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 loss forecasting, stress, and capital calculations

• 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 and statistical modeling and apply these skills toward assessing model risks and opportunities

• Plan and manage validation projects

• Communicate clearly and concisely both verbally and through written communication via model validation reports and presentations


Basic Qualifications:
• Master’s Degree in Statistics, Economics, Mathematics, Industrial Engineering, Operations Research, Financial Engineering, Physics, Engineering or Computer Science
• At least 3 years’ experience in quantitative analysis with Statistics, Econometrics, or Data Mining

Preferred Qualifications:

• Doctorate in quantitative field including Statistics, Mathematics, or Economics
• 5+ years’ experience in credit risk modeling and analysis
• Proficiency with statistical and data software languages and packages

• Strong verbal and written communication skills

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

TBLI


A little about us:
Headquartered in McLean, Virginia, Capital One® offers a broad array of financial products and services to consumers.

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