Principal Associate, Data Science - Model Risk Office

Discover Financial
Chicago, New York, Plano
Workplace: OnsiteFull timeUSD 161,800 - 184,600 annuallyFunction: Data Science & Machine LearningExperience: 5+ yearsEducation: bachelorsSkills: ["Innovative","Creative","Leadership","Interpersonal skills","Executive communication"]

Use advanced data science and machine learning to identify, quantify, and validate model risks within the Model Risk Office. Partner with data scientists, software engineers, and product managers to challenge production “champion” models, build and govern next-generation models, and present how identified risks impact the business to executives. Leverage Python, AWS, H2O, Spark, and related open-source and cloud technologies to uncover insights from large numeric and textual datasets.

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Discover Financial
Discover Financial
2 months ago

Principal Associate, Data Science - Model Risk Office

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Last checked: 2 hours agoStatus: Live

Job Summary

Use advanced data science and machine learning to identify, quantify, and validate model risks within the Model Risk Office. Partner with data scientists, software engineers, and product managers to challenge production “champion” models, build and govern next-generation models, and present how identified risks impact the business to executives. Leverage Python, AWS, H2O, Spark, and related open-source and cloud technologies to uncover insights from large numeric and textual datasets.
Location: Chicago, New York, Plano
Workplace: Onsite
Employment Type: Full time
Job Function: Data Science & Machine Learning
Seniority: Manager level

Key Responsibilities

  • •Partner with cross-functional teams to identify and quantify risks associated with models.
  • •Use technologies like Python, Conda, AWS, H2O, and Spark to extract insights from large numeric and textual datasets.
  • •Lead teams of data scientists building machine learning models to challenge production champion models.
  • •Contribute to the model governance framework for next-generation models.
  • •Lead validation of models across multiple business domains and communicate risk impacts to executives.

Pay and Benefits

Salary: USD 161,800 - 184,600 annually

Key Requirements

  • •Bachelor's Degree in a quantitative field plus 5 years of experience performing data analytics, or a Master's Degree (or MBA with quantitative concentration) plus 3 years, or a PhD in a quantitative field.
  • •Experience building, validating, and backtesting models, including knowledge of interpreting evaluation metrics like confusion matrices and ROC curves.
  • •Hands-on data science solution development using open-source tools and cloud computing platforms.
  • •At least 3 years of experience in Python, Scala, or R.
  • •At least 3 years of experience with machine learning and at least 3 years with SQL.
Experience:5+ yearsData analyticsMachine learningModel riskOpen sourceCloud computing
Education:Bachelor's in Quantitative field (Statistics, Economics, Operations Research, Analytics, Mathematics, Computer Science, or related quantitative field)
Skills:InnovativeCreativeLeadershipInterpersonal skillsExecutive communication
Tech Stack:PythonCondaAWSH2OSparkScalaRSQLMachine learningDeep learning

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