Business Director, Economic Forecasting
As a Business Director at Capital One, you will apply your strategic and analytical skills to major company challenges. 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.
As the head of the Economic Forecast team you will be responsible for producing quarterly economic forecasts used for business planning, loss forecasting and credit allowance. You will share your quarterly economic forecasts to senior management of Capital One. You will be responsible for designing economic scenarios for stress testing, including annual CCAR exams. You will collaborate with a cross-functional team of Business Analysts, Data Analysts, Tech Engineers and Project Managers to transform the Economic Forecasting infrastructure and to develop new analytical capabilities. You will guide teams across the company on best practices for using macroeconomic variables in models. You will be the owner of models and analytical tools used for economic forecasting and scenario design, working closely with vendors supporting these models and tools, such as S&P/IHS and Moody’s.
General Responsibilities:
- Leadership: Manage and develop a team of analysts, coaching and mentoring them with a goal of developing and retaining talent at Capital One
- Execution: Manage timely delivery and flawless execution of quarterly economic forecasts and scenarios for stress testing. Oversee multiple projects and programs concurrently
- Product: Develop and implement economic data product
- Partnership: Work closely with colleagues across Capital One including: Tech, Data Analysts, Project Managers, Loss Forecast, Finance and others
Competencies:
- 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
- Strong business judgment, leadership and integrity: They should be a tenacious decision maker, able to bring a healthy, aggressive, yet responsible approach to business
- 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. Ability to explain complicated topics clearly and concisely
- 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
- 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
- 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 4 years of experience performing quantitative analysis
- At least 4 years of experience performing qualitative analysis
- At least 2 years of experience performing people management
- At least 2 years of experience performing project management
**Preferred Qualifications: **
- Master’s Degree
- 2+ years of experience in financial services
- 1+ year of experience in consulting
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.
Plano, TX: $209,500 - $239,100 for Business Director
McLean, VA: $230,400 - $263,000 for Business Director
Richmond, VA: $209,500 - $239,100 for Business Director
New York, NY: $251,400 - $286,900 for Business Director
Riverwoods, IL: $209,500 - $239,100 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.
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).