Principal Associate - Quantitative Analyst

Discover Financial
Virginia
Workplace: OnsiteFull timeUSD 161,800 - 184,600 annuallyFunction: Capital Markets, Trading & QuantExperience: 3+ yearsEducation: mastersSkills: ["Communication","Presentation","Model documentation","Collaboration","Ownership"]

Use advanced quantitative modeling to build and enhance Capital Markets analytical frameworks such as deposit predictions, derivatives models, and fixed income models. Partner across lines of business to create novel analytical solutions, apply automation, and improve business performance. Collaborate in cross-disciplinary teams to build cloud-based, data-grounded solutions and communicate model insights clearly to technical and non-technical audiences while ensuring rigorous model development and documentation.

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Discover Financial
Discover Financial
5 days ago

Principal Associate - Quantitative Analyst

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Last checked: 13 hours agoStatus: Live

Job Summary

Use advanced quantitative modeling to build and enhance Capital Markets analytical frameworks such as deposit predictions, derivatives models, and fixed income models. Partner across lines of business to create novel analytical solutions, apply automation, and improve business performance. Collaborate in cross-disciplinary teams to build cloud-based, data-grounded solutions and communicate model insights clearly to technical and non-technical audiences while ensuring rigorous model development and documentation.
Location: Virginia
Workplace: Onsite
Employment Type: Full time
Job Function: Capital Markets, Trading & Quant
Seniority: Director level

Key Responsibilities

  • •Partner with business lines to develop and enhance Capital Markets modeling and analytical frameworks (deposit predictions, derivatives models, fixed income models).
  • •Create novel analytical solutions across Capital One entities to address challenging business problems.
  • •Identify opportunities to apply quantitative methods and automation to improve business performance and process efficiencies.
  • •Collaborate cross-disciplinarily to build cloud-based solutions grounded in data.
  • •Own the model development lifecycle from conceptualization and data exploration through model selection, validation, deployment, user training, and monitoring.

Pay and Benefits

Salary: USD 161,800 - 184,600 annually
Perks:Health InsuranceFinancial Benefits

Key Requirements

  • •Master’s in a quantitative field (Statistics, Economics, Operations Research, Analytics, Mathematics, Computer Science, or related) or an MBA with quantitative concentration plus 3 years of experience, or a PhD in a quantitative field.
  • •At least 3 years of experience in statistical or econometric modeling.
  • •At least 3 years of experience with linear and logistic regression.
  • •At least 3 years of experience programming in R, Python or SQL.
  • •Ability to present statistical concepts and research results to non-statistical audiences.
Experience:3+ yearsFinanceCapital marketsMachine learningQuantitative modeling
Education:Master's in quantitative field (Statistics, Economics, Operations Research, Analytics, Mathematics, Computer Science, or related)
Skills:CommunicationPresentationModel documentationCollaborationOwnership
Tech Stack:PythonRSQLCloud computingMachine learningLinear regressionLogistic regressionSurvival analysisTime-series analysisPanel data analysisLarge datasets

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