Capital One Financial Corporation

Principal Quantitative Modeler

Capital One Financial Corporation$161K — $184K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Master’s degree in a quantitative field or an MBA with quantitative concentration plus 3 years of experience, or a PhD in a quantitative field.
  • 3 years of experience in statistical or econometric modeling, linear and logistic regression, programming in R, Python or SQL, and presenting statistical concepts to non-experts.
  • 3 years of experience in survival analysis, time-series analysis, panel data analysis, machine learning, and working with large datasets (over 1M records).
  • Strong written and verbal communication skills, with an ability to effectively present complex information.
  • Proven track record in machine learning and/or econometric analysis.

Responsibilities

  • Partner with business lines to enhance modeling frameworks.
  • Create innovative analytical solutions across Capital One.
  • Identify opportunities for quantitative methods and automation to boost efficiency.
  • Build cloud-based solutions as part of a cross-disciplinary team.
  • Apply econometric and machine learning expertise to derive critical business insights.
  • Provide technical guidance to leadership and communicate complex topics clearly.
  • Own the model development process from concept to monitoring.

Benefits

  • Comprehensive health benefits to support total well-being.
  • Performance-based compensation incentives, including cash bonuses and long-term incentives.
  • Opportunities to work in a culture of innovation and mutual respect.
  • Support for career growth through mentorship and training programs.
  • Inclusive work environment fostering diverse perspectives.
Full Job Description
Principal Quantitative Modeler

In this position, you’ll be part of a team tasked with ushering in the next wave of disruption to predictive modeling - using technology to build & deploy models and solutions leveraging new data sources to provide powerful new insights about our portfolio resilience and opportunities.

Responsibilities and Skills:

- Partner with the various lines of business to enhance modeling and analytical framework.
- 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.
- Identify opportunities to apply quantitative methods or machine learning to improve business performance.
- Apply deep expertise in econometric, statistical and machine learning methods to generate critical insights and decision frameworks for our business and customers.
- Providing technical guidance to business leadership.
- Communicate technical subject matter clearly and concisely to individuals from various backgrounds.

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 machine learning and/or econometric analysis.
- Experience utilizing model estimation tools.
- Ability to clearly communicate modeling results to a wide range of audiences.
- Drive to develop and maintain high quality and transparent model documentation.
- Strong written and verbal communication skills.
- Strong presentation skills.
- Ability to fully own the model development process: from conceptualization through data exploration, model selection, validation, deployment, business user training, and monitoring.

Basic Qualifications:

  • Currently has, or is in the process of obtaining one of the following with an exception that the required degree will be obtained on or before the scheduled start date:

    • A Master’s degree in a quantitative field (Statistics, Economics, Operations Research, Analytics, Mathematics, Computer Science, or a related quantitative field) or an MBA with a quantitative concentration plus 3 years of experience in quantitative analytics

    • A PhD in a quantitative field (Statistics, Economics, Operations Research, Analytics, Mathematics, Computer Science, or a related quantitative field)

  • At least 3 years of experience in each of the following skills through education or experience:

    • Statistical or econometric modeling

    • Linear and logistic regression

    • Programming in R, Python or SQL

    • Presenting statistical concepts and research results to non-statistical audience

  • At least 3 years of experience in at least 3 of the following skills:

    • Survival analysis modeling

    • Time-series analysis

    • Panel data (longitudinal data or cross-sectional time-series data) analysis

    • Cross-sectional data analysis

    • Machine learning

    • Analysis and management of large datasets (>1M records)

We strongly encourage all candidates that meet these qualifications, especially those that attend the AEA Conference, to apply.

Preferred Qualifications:

  • 4 years of experience with Python, R or other statistical analyst software

  • 4 years of experience manipulating and analyzing large data sets


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.

McLean, VA: $161,800 - $184,600 for Prin Assoc, Quant 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 theCapital One Careers website. Eligibility varies based on full or part-time status, exempt or non-exempt status, and management level.

This role is expected to accept applications for a minimum of 5 business days.

About Capital One Financial Corporation

Chevy Chase Bank is the greater Washington region's largest locally-owned banking institution providing a complete array of financial products and services to consumers and businesses in Maryland, Virginia, and the District of Columbia. The Bank, which is headquartered in Bethesda, Maryland, has approximately 250 branches and over 1,000 ATMs, more than anyone else in the greater Washington market. Chevy Chase Bank currently has over $16 billion in assets and services over 1 million customers. For more information about Chevy Chase Bank, please visit chevychasebank.com.

Capital One Financial Corporation Careers

Join the vibrant team at Capital One Financial Corporation, a leader in the financial services industry, where innovation meets purpose-driven leadership. As one of the most forward-thinking companies in banking, Capital One is the perfect place to jumpstart or advance your career with a myriad of job opportunities in various fields.

Work You’ll Do

At Capital One, we are committed to excellence and setting our team members up for success. By joining our dynamic team, you will engage in meaningful work that makes a real difference. From developing cutting-edge technology to crafting personalized financial solutions, every position at Capital One is geared towards redefining the future of banking.

Innovate and Lead

Capital One is not just a company; it's a hub of innovation and leadership. We empower our professionals to lead with their ideas and see them come to life. Our culture thrives on diversity and the unique perspectives each team member brings. Here, your skills in networking, problem-solving, and leadership will not only be valued but also nurtured through professional development and diversity training.

Grow Your Career

Capital One is deeply invested in the growth and development of its employees. With robust training programs, mentorship, and resources for professional enhancement, we ensure that your career trajectory aligns with your personal and professional goals. Whether it’s rising through the ranks or switching tracks via internal job opportunities, your growth is our priority.

Internship and Employment Opportunities

For those starting their journey, Capital One offers enriching internship programs that provide a glimpse into the culture and work ethic that drives our success. Interns gain hands-on experience, valuable insights, and the opportunity to network with leaders across the company. For seasoned professionals, we offer positions that challenge your expertise while encouraging balance and innovation.

Benefits and Culture

Choosing to work at Capital One means opting for a lifestyle where your well-being is prioritized. Our benefits package is designed to support you both at work and in your personal life, encompassing health, finance, and family. The inclusive culture at Capital One ensures that everyone, regardless of background, has the opportunity to thrive.

Join Our Team

Explore the various career paths available at Capital One and discover how your skills and passions can align with our mission. We are continuously hiring across multiple disciplines, eager to welcome curious, creative, and driven individuals to our team.

Stay Connected

Keep up to date with the latest in career opportunities and company news by joining our network. Tailor your job alerts to match your career preferences and get insider tips that can transform your application process, from crafting your resume to acing your interview.

Search Capital One Jobs

Ready to take the next step in your career? Search open positions that match your skills and interests. At Capital One, your next job opportunity could be the gateway to a fulfilling and prosperous career.

Read Careers Blog

Stay ahead with career tips, insider perspectives, and industry-leading insights you can put to use today—all from the people who work here. Capital One Financial Corporation is not just a company—it's a place where you can make an impact. Discover the opportunities waiting for you in a career at Capital One. Join us and shape the future of banking with your vision, skills, and enthusiasm.
Learn more about Capital One Financial Corporation
Size
51,500 employees
Market Cap
$34.1 billion
Industry
Net Income
$2.7 billion
Founded
1994
5 Year Trend
+2.4%
NASDAQ

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