Finance/Credit Model Risk Manager
AffirmSalary not specified
Full Time
Senior (5 to 8 years), Expert & Leadership (9+ years)
Manager, Quantitative Analyst - Commercial Credit Modeling Team at Capital One
McLean, Virginia, United States
Not SpecifiedCompensation
Senior (5 to 8 years), Expert & Leadership (9+ years)Experience Level
Full TimeJob Type
UnknownVisa
Banking, Financial ServicesIndustries
Requirements
- Strong ability to grasp and internalize the economics and risk drivers behind complex Structured lending products within the Commercial Bank for modeling purposes
- Excellent coding skills in Python (must-have) and/or R (good to have) with self-drive to lead the team to create and review codes with industry best practices
- Excellent communication and storytelling skills to synthesize data and modeling insights and present to key model stakeholders and senior management
- Hands-on experience with data analysis to gain insights from large datasets and create interactive dashboards
- Experience with a variety of modeling techniques, e.g. structural model, simulation-based model, statistical and/or machine learning model
Responsibilities
- Lead a pod of quantitative analysts to develop simulation-based structural models to project credit risk losses for the Structured Finance LOB, covering a wide range of applications, e.g. internal risk rating, loss forecasting, stress testing, and loan pricing
- Partner with the Business Analyst, Underwriter, Credit Officer and other key stakeholders to understand the deal structure, cash flow dynamics, key risk drivers and translate them into actionable items to generate business insights, enhance and consolidate existing model structures, and drive for meaningful changes
- Collaborate with implementation and data infrastructure team to build cloud-based solutions for model deployment, monitoring, and maintenance
- Work effectively with challenge functions to ensure prompt and comprehensive support for model validation and model governance
- Communicate technical subject matter clearly and concisely to various model stakeholders through verbal and written communication; Prepare presentations of complex technical concepts and research results to non-specialist audiences and senior management with strong storytelling skills
- Draft and maintain high quality and transparent model documentation
- Remain on the leading edge of analytical technology with a passion for the newest and most innovative tools; Leverage the latest open source technologies and enterprise-level tools to proactively identify areas of opportunities in our existing framework and processes
Skills
Key technologies and capabilities for this role
Questions & Answers
Common questions about this position
What are the main responsibilities of this Manager, Quantitative Analyst role?
Responsibilities include leading a pod of quantitative analysts to develop simulation-based structural models for credit risk losses, partnering with business stakeholders to translate deal structures into actionable insights, collaborating on cloud-based model deployment, working with challenge functions for validation, communicating technical concepts clearly, maintaining model documentation, and staying current with analytical technologies.
What skills are needed for this quantitative analyst position?
Key skills include leading teams in developing simulation-based structural models, statistical techniques for credit risk prediction, open source programming, cloud computing, business acumen for deal structures and cash flows, strong communication and storytelling for non-technical audiences, and staying current with innovative analytical tools.
Is this a remote position or does it require office work?
This information is not specified in the job description.
What is the salary or compensation for this role?
This information is not specified in the job description.
What is the team structure like for this quantitative analyst manager role?
You will lead a pod of quantitative analysts on a growing Commercial Bank Team managing a $100B+ loan portfolio, collaborating with Business Analysts, Underwriters, Credit Officers, implementation teams, data infrastructure, and challenge functions.
Capital One
Offers diverse financial products and services
About Capital One
Capital One provides a variety of financial services aimed at making banking accessible and easy for everyone. The company offers products such as credit cards, savings accounts, car loans, and business checking accounts, catering to both individual consumers and small businesses primarily in the United States. Capital One's approach includes user-friendly banking solutions with no fees or minimums for checking accounts, allowing customers to manage their finances more effectively. They generate revenue through interest on loans, credit card fees, and investment banking services. What sets Capital One apart from its competitors is its strong commitment to financial inclusion and literacy, demonstrated through community partnerships and educational initiatives, such as collaborations with Khan Academy. The company's goal is to create a more inclusive financial system and empower customers with the knowledge and tools they need to make informed financial decisions.
McLean, VirginiaHeadquarters
2014Year Founded
$15.9MTotal Funding
IPOCompany Stage
Fintech, Financial ServicesIndustries
10,001+Employees
Benefits
Medical, Dental, & Vision coverage
Onsite Health Centers
Prescription saving with network of local pharmacies
Stock Purchase Plan
Education Assistance
401(k)
Flexible Spending Accounts
Life and Disability insurance
Generous paid time off + corporate & floating holidays
Registered dieticians on site, cooking classes and free virtual fitness classes
Employee Assistance Program
Risks
Increased competition in subscription management tools may dilute Capital One's advantage.
Over-reliance on partnerships could expose Capital One to technological risks.
Departure of key personnel like Joe Rodriguez may affect risk management continuity.
Differentiation
Capital One offers user-friendly banking with no fees or minimums for checking accounts.
The company partners with Khan Academy to provide financial literacy education.
Capital One is the first major U.S. bank to offer subscription management tools.
Upsides
Capital One's mobile app is a model for secure, user-friendly digital banking.
Data sharing with Worldpay enhances payment security and fraud prevention.
Partnerships with fintechs like Minna Technologies improve customer experience.
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