Principal Associate, Quantitative Analysis - Investment Portfolio Team

At Capital One data is at the center of everything we do. As a startup, we disrupted the credit card industry by individually personalizing every credit card offer using statistical modeling and the relational database, cutting edge technology in 1988! Fast-forward a few years, and this little innovation and our passion for data has skyrocketed us to a Fortune 200 company and a leader in the world of data-driven decision-making.

As a Quantitative Analyst at Capital One, you’ll be part of a team that’s leading the next wave of disruption at a whole new scale, using the latest in cloud computing and machine learning technologies and operating across billions of customer records to unlock the big opportunities that help everyday people save money, time and agony in their financial lives.

This position offers a unique opportunity to be a part of the dynamic Finance organization at Capital One. The Finance organization has been on a technology journey seeking to find ways to leverage technology to drive deeper insights and make the complex simple. We are looking for candidates to help enhance deep learning model architecture and develop and deploy fixed income valuation systems using modern platforms.

Responsibilities:

• Advanced Model Development: Partner with various lines of business to develop, enhance, and deploy advanced finance models, such as fixed income models (e.g., mortgage prepayment)
• AI/ML Innovation: Design and implement novel analytical solutions, applying neural networks, deep learning, and transformer architectures to solve challenging business problems across Capital One entities
• LLM and Agentic Workflows: Identify and execute opportunities to apply Large Language Models (LLMs) and agentic workflows to improve business performance and process efficiencies
• End-to-End ML Ownership: Take full ownership of the end-to-end ML model development and deployment process, from conceptualization and data engineering through model development, validation, and production deployment
• Cloud-Based Solutions: Collaborate with a cross-disciplinary team to build and scale cloud-based solutions using modern platforms like Kubernetes and Kubeflow
• Quantitative Strategy: Identify opportunities for quantitative methods and automation solutions to enhance business performance and optimize complex financial processes
• Communication & Collaboration: Clearly and concisely communicate complex technical subject matter and critical insights to a diverse audience, including executive stakeholders

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 will possess:

• Deep understanding of quantitative modeling in relation to finance and investment portfolio modeling principles.
• Extensive experience in Python or other object-oriented language
• 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
• Knowledge of derivative instruments and experience with derivatives modeling
• Behavior modeling (prepayment or default) experience for complex fixed income products or loans (mortgage/auto/card)

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)

Preferred Qualifications:

• At least 4 years of experience with Python, R or other statistical analyst software
• At least 2 years of experience in machine learning
• At least 1 year of hands-on model deployment experience
• At least 1 year of experience developing agentic workflows
• At least 1 year of experience using, fine-tuning, or deploying Large Language Models (LLMs)

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 the Capital 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.

No agencies please. Capital One is an equal opportunity employer (EOE, including disability/vet) committed to non-discrimination in compliance with applicable federal, state, and local laws. Capital One promotes a drug-free workplace. Capital One will consider for employment qualified applicants with a criminal history in a manner consistent with the requirements of applicable laws regarding criminal background inquiries, including, to the extent applicable, Article 23-A of the New York Correction Law; San Francisco, California Police Code Article 49, Sections 4901-4920; New York City’s Fair Chance Act; Philadelphia’s Fair Criminal Records Screening Act; and other applicable federal, state, and local laws and regulations regarding criminal background inquiries.

If you have visited our website in search of information on employment opportunities or to apply for a position, and you require an accommodation, please contact Capital One Recruiting at 1-800-304-9102 or via email at RecruitingAccommodation@capitalone.com. All information you provide will be kept confidential and will be used only to the extent required to provide needed reasonable accommodations.

For technical support or questions about Capital One's recruiting process, please send an email to Careers@capitalone.com

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Capital One Financial is made up of several different entities. Please note that any position posted in Canada is for Capital One Canada, any position posted in the United Kingdom is for Capital One Europe and any position posted in the Philippines is for Capital One Philippines Service Corp. (COPSSC).