Manager, Analytics
JobberSalary not specified
Senior Business Analyst - Card Loss Forecast and Allowance at Capital One
McLean, Virginia, United States
Not SpecifiedCompensation
Senior (5 to 8 years)Experience Level
Full TimeJob Type
UnknownVisa
Financial Services, Banking, Credit CardsIndustries
Requirements
- Strategic and analytical skills to address major company challenges
- Proven track record of decision making and problem solving based on analytics
- Strong quantitative orientation complemented by conceptual thinking skills
- Strong business judgment, leadership, and integrity
- Tenacious decision maker with a healthy, aggressive, yet responsible approach to business
- Strong communication skills, including impeccable written and oral communication, strategic influencing, and negotiation skills
- Clear results orientation with intense focus on achieving short and long-term goals
- Ability to work in a collaborative environment with cross-functional teams (e.g., IT, Sales, Operations, Finance, Accounting, Capital Risk, firstline business teams)
Responsibilities
- Identify business challenges and opportunities for improvement and solve them using analysis to make strategic or tactical recommendations
- Perform modeling/analytics to assist new product and pricing strategies for various lending products
- Support step-change improvements in credit performance by connecting drivers of future consumer credit trends to historical behavior, creating risk models, and testing hypotheses using rigorous monitoring and analysis
- Produce quarterly forecasts for expected lifetime credit losses (reserve for loans under GAAP standards), impacting consolidated P&L and company-wide earnings
- Gain familiarity with underlying models and data
- Engage with firstline teams to stay apprised of business strategy changes
- Assess internal and external trends to derive insights into credit performance
- Identify areas to improve processes and forecasts
- Involve problem frameworks, develop hypotheses, test and analyze, develop solutions, scope operational feasibility, lead implementation efforts, and develop monitoring plans
- Work closely with colleagues across Capital One to drive improvements in quality, volume, service, and profitability
Skills
Forecasting
Loss Forecasting
Credit Risk
Financial Modeling
GAAP
Stress Testing
Analytical Skills
Data Analysis
SQL
Excel
Python
Business Analysis
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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