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Research and Algorithms Developer (United Income)

Location McLean, Virginia
Job ID R98745 Updated date 07/29/2020
McLean 2 (19052), United States of America, McLean, Virginia

At Capital One, we’re building a leading information-based technology company. Still founder-led by Chairman and Chief Executive Officer Richard Fairbank, Capital One is on a mission to help our customers succeed by bringing ingenuity, simplicity, and humanity to banking. We measure our efforts by the success our customers enjoy and the advocacy they exhibit. We are succeeding because they are succeeding.                                               

Guided by our shared values, we thrive in an environment where collaboration and openness are valued. We believe that innovation is powered by perspective and that teamwork and respect for each other lead to superior results. We elevate each other and obsess about doing the right thing. Our associates serve with humility and a deep respect for their responsibility in helping our customers achieve their goals and realize their dreams. Together, we are on a quest to change banking for good.

Research and Algorithms Developer (United Income)

United Income is a money management solution that strives to be both holistic and cost-efficient. Our technology studies millions of different combinations of future life, market, and benefit outcomes with the goal of finding the optimal set of financial decisions for each of our members. Using this technology, we are able to offer personalized advice on everything from investment allocations to Social Security claiming to tax planning.

At United Income, we value collaboration. We encourage one another to build phenomenal things, and individually we’re all passionate about doing our best work. You'll be responsible for solving some difficult problems in consumer finance. As you tackle these problems head on, you'll work with others across the company to make sure you have all the information you need. 

The ideal candidate is proficient with mathematical logic, quantitative modeling and algorithm development. You should have a knack for real-world problem solving, love finding edge cases in solutions, and enjoy learning new things including public policy- think Taxes and Social Security! You will work with the Methodology team to develop, test and innovate on the methodology and algorithms used in our product, and you will work with the engineers to bring the solutions you design to life.

Roles and Responsibilities

  • Research the industries, policies and behavior of financial planning solutions and investment products we want  to build in the system.

  • Innovate and develop the logic and the algorithms of how we should build our models and features, including developing mathematical models.

  • Serve as a subject  matter expert to support the engineers and product team to build new functionality.

  • Assist with the quality control of the models built by the engineers in the application to ensure that they meet the mathematical and algorithmic spec, and that edge cases are handled correctly.

  • Assist our wealth managers in using our software to model unique customer cases.


Basic Qualifications

  • Masters Degree

  • At least 2 years of combined experience in mathematical research, methodology, or software development

  • At least 1 year of coding experience in Python, Java, or JavaScript


Preferred Requirements

  • PhD in Mathematics, Quantitative Finance, Statistics, Computer Science, Financial Engineering, or Economics

  • High level of interpersonal, teaching and communication skills

  • Basic knowledge of Monte Carlo Simulation methods, Finance or Investment modeling

  • Basic understanding of combinatorial optimization methods, computational complexity, polynomial-time algorithms and linear programming

  • 5+ years of experience in mathematical research, methodology,  or software development

 At this time, Capital One will not sponsor a new applicant for employment authorization for this position.

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.

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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).