Business Director - Deposit Forecasting & Optimization at Capital One - US
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R154668 Posted 09/07/2022

Business Director - Deposit Forecasting & Optimization

McLean, Virginia | Delaware | New York, New York | Richmond, Virginia
  • Category Business Analyst
  • Experience Director
  • Primary Address McLean, Virginia

Overview

Center 2 (19050), United States of America, McLean, Virginia

Business Director - Deposit Forecasting & Optimization

As a Business Director at Capital One, you will apply your strategic and analytical skills to high impact company opportunities. You’ll team with world-class professionals to develop and test strategies that ultimately impact the bottom line. And you will do it all in a collaborative environment that values your insight, encourages you to take on new responsibility, promotes continuous learning, and rewards innovation. 

Capital One Retail and Direct Bank has grown into a billion dollar business with nearly 20 million accounts. This success has also positioned the Retail Bank to represent more than 80% of the company's funding for loans and funding liabilities. Directly supporting this function, we are seeking a Director of Deposit Forecasting and Optimization serving in a high visibility critical role. The person in this role will be responsible for:

  • Developing industry leading forecasting methods for deposit balances, NIM, and non-interest revenue

  • Enhancing forecasting platforms, optimization capabilities, and novel approaches to modeling for improved short and long term business outcomes, in conjunction with Data Science and Data Engineering teams 

  • Serving as primary data science customer and model owner for the full suite of Consumer Deposit forecast models

  • Generating deep and rapid automated portfolio and competitor monitoring

  • Conducting strategic economic analysis for deposit products, rate strategies, and partnerships balancing P&L with customer experience and NPS 

  • Collaborating closely with partner teams, including Finance, Treasury / Balance Sheet Management, and Marketing to improve forecast processes and dependencies

  • Leading a team of 8-10 business and data analysts across two pods: Forecasting and Data strategy. Includes team directly supporting model data infrastructure, platforms, and BI tools innovation

General Responsibilities:

  • Strategic leadership:  Develop business strategies that will drive growth, profitability, and competitive success for Capital One in the face of shifting consumer and regulatory demands 

  • Leadership:  May manage and develop multiple analysts.  Coaching and mentoring associates with a goal of developing and retaining talent at Capital One 

  • Product:  Develop and implement new product and pricing strategies for various lending products; lead product level data modeling/analytics 

  • Marketing:  Lead direct-to-consumer marketing efforts for select products, and strategic intent for products distributed through the retail channel.  Build targeted insights to inform the design and development of new customer experiences, as well as breakthrough technology and concepts designed to deliver on new go-to-market strategies 

  • Credit Risk:  Drive 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 

  • Execution:  Manage and sequence delivery of business intent, build business requirements and execute against the product strategy. Oversee multiple projects and programs concurrently 

  • Partnership:  Work closely with colleagues across Capital One including:  IT, Sales, Operations, Finance and others to drive improvement in quality, volume, service, and profitability  

  • Strategic; analytic orientation: A proven track record of decision making and problem solving based on analytics. Conceptual thinking skills must be complemented by a strong quantitative orientation, given that a large part of the business is based on rigorous analytic marketing & credit risk management 

  • Strong business judgment, leadership and integrity: They should be a tenacious decision maker, able to bring a healthy, aggressive, yet responsible approach to business 

  • Solid people leadership experience: Ability to build and leverage the capabilities of a high-performing team, as well as business partners across the enterprise. They should foster innovation, drive critical decisions, hold business partners accountable, and be able to consistently deliver results 

  • Strong executive communication skills: Impeccable written and oral communication credentials, coupled with strategic influencing skills and the ability to drive agreement through intellect, interpersonal and negotiation skills 

  • Clear results orientation: display an intense focus on achieving both short and long term goals. They should be able to drive and execute an agenda in an uncertain and fluid environment

  • Successful track record of thriving in a fast paced, entrepreneurial and dynamic environment. Previous consulting experience is a plus 

Basic Qualifications:

  • Bachelor’s Degree 

  • At least 7 years of experience in analysis 

Preferred Qualifications:

  • Master’s Degree 

  • Extensive experience in macro and microeconomics

  • Experience with statistics, data science models, model systems, & infrastructure 

  • 2+ years of experience in financial services 

  • 1+ year of experience in consulting 

  • 3+ years of experience in people management 

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.

Location is New York City

- $220,987 and $260,715 for Business Director

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.

No agencies please. Capital One is an Equal Opportunity Employer committed to diversity and inclusion in the workplace. All qualified applicants will receive consideration for employment without regard to sex, race, color, age, national origin, religion, physical and mental disability, genetic information, marital status, sexual orientation, gender identity/assignment, citizenship, pregnancy or maternity, protected veteran status, or any other status prohibited by applicable national, federal, state or local law. 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

Capital One does not provide, endorse nor guarantee and is not liable for third-party products, services, educational tools or other information available through this site.

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).

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