Senior Associate, Quantitative Analyst - Model Risk Office

Discover Financial
United States
Workplace: OnsiteFull timeUSD 123,300 - 140,700 annuallyFunction: Capital Markets, Trading & QuantExperience: 1+ yearsEducation: mastersSkills: ["Communication","Written communication","Verbal communication","Presentation","Documentation"]

Use advanced quantitative analysis to support Model Risk efforts, partnering with model development and risk teams on loan loss forecasting and the Allowance for Credit Losses (ACL) framework. Enhance modeling and analytical frameworks across business lines, develop novel solutions, and apply machine learning and quantitative methods to improve performance and efficiency. Build cloud-based, data-grounded solutions and produce clear validation and documentation for diverse stakeholders.

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Discover Financial
Discover Financial
5 days ago

Senior Associate, Quantitative Analyst - Model Risk Office

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Last checked: 13 hours agoStatus: Live

Job Summary

Use advanced quantitative analysis to support Model Risk efforts, partnering with model development and risk teams on loan loss forecasting and the Allowance for Credit Losses (ACL) framework. Enhance modeling and analytical frameworks across business lines, develop novel solutions, and apply machine learning and quantitative methods to improve performance and efficiency. Build cloud-based, data-grounded solutions and produce clear validation and documentation for diverse stakeholders.
Location: United States
Workplace: Onsite
Employment Type: Full time
Job Function: Capital Markets, Trading & Quant
Seniority: Mid level

Key Responsibilities

  • •Partner with lines of business to enhance modeling and analytical frameworks.
  • •Create novel analytical solutions across Capital One entities for challenging business problems.
  • •Apply quantitative methods and automation solutions to improve business performance and process efficiencies.
  • •Collaborate cross-disciplinarily to build cloud-based solutions grounded in data.
  • •Identify opportunities to apply quantitative methods or machine learning to improve business performance.

Pay and Benefits

Salary: USD 123,300 - 140,700 annually

Key Requirements

  • •Master’s in a quantitative field (Statistics, Economics, Operations Research, Analytics, Mathematics, Computer Science, or related) or an MBA with a quantitative concentration plus 1 year of experience in quantitative analytics.
  • •At least 1 year of experience in statistical or econometric modeling.
  • •At least 1 year of experience with linear and logistic regression.
  • •At least 1 year of experience programming in R, Python, or SQL.
  • •Ability to clearly communicate presenting statistical concepts and research results to non-statistical audiences.
Experience:1+ yearsFinancial institutionsMachine learningEconometric analysis
Education:Master's in quantitative field
Skills:CommunicationWritten communicationVerbal communicationPresentationDocumentation
Tech Stack:Cloud computingMachine learningRPythonSQLLinear regressionLogistic regressionSurvival analysisTime-series analysisPanel data analysis

Eligibility

Work Authorization:Sponsorship available.

Company Brief

Discover Financial
Provides consumer banking products, credit cards, personal loans, and payment services through the Discover brand. It operates a major U.S. financial network and serves individuals and merchants with lending and digital payment solutions.
Industry: Retail Banking
Company Size: Enterprise (1,001+ employees)
Revenue: USD 10M to 25M
Growth: Public Company
Valuation: Public Company (Market Cap in USD)
Funding: IPO / Publicly Listed
Headquarters: Riverwoods, United States
Founded: 1985
WebsiteLinkedIn