Senior Quantitative Analyst – Model Validation

  • Company: Capital One
  • Location: McLean, Virginia
  • Posted: January 28, 2017
  • Reference ID: R18593
McLean 1 (19050), United States of America, McLean, Virginia

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 Quantitative Senior Analyst within the Model Risk Office, you will be part of the model validation team, working on the validation of Treasury, Finance and stress testing models. Some of the models the team covers include, but not limited to, balance sheet management, deposits, liquidity, financial forecasting models, etc. 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 data scientists, 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:

- Contributing to model validation projects, in an analytic capacity

- Understanding business processes and portfolios associated with model use, and the nature of model use within those processes

- Assessing the methodologies and processes used by modeling teams to develop and manage their models, and identifying potential risk and the associated materiality of the risk

- Benchmarking model methodologies and performance by specifying and managing the development of alternative models

- Solving problems with limited data and making conclusions with analytical justifications

- Providing constructive and actionable solutions to model issues identified

- Researching industry practices related to model methodologies

- Documenting validation processes and results

- Communicating validation results to management, model owners, regulators, and auditors

- Leveraging education, colleagues and training opportunities to develop solutions to business problems 

- Contributing horizontally by knowledge sharing across validation teams

Basic Qualifications
- Master’s Degree
- At least 1 year of experience in Financial, Statistical or Econometrics modeling / analysis

Preferred Qualifications 
- Ph.D. in Statistics, Economics, Finance, Financial Engineering, Operational Research, Physics or Applied Mathematics

- At least 1 year of experience in Financial Risk Management

- Strong verbal and written communication skills

- Experience with QRM Balance Sheet Management software

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


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