Manager - Chennai | Zoek India
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Manager, Data Science 2
Chennai, Tamil Nadu
Permanent (Full time)
Job Description Fueled by a fundamental belief that having access to financial services creates opportunity, PayPal (NASDAQ: PYPL) is committed to democratizing financial services and empowering people and businesses to join and thrive in the global economy. Our open digital payments platform gives PayPalâs 375 million active account holders the confidence to connect and transact in new and powerful ways, whether they are online, on a mobile device, in an app, or in person. Through a combination of technological innovation and strategic partnerships, PayPal creates better ways to manage and move money, and offers choice and flexibility when sending payments, paying or getting paid. Available in more than 200 markets around the world, the PayPal platform, including Braintree, Venmo and Xoom enables consumers and merchants to receive money in more than 100 currencies, withdraw funds in 56 currencies and hold balances in their PayPal accounts in 25 currencies. The Manager, Data Science role will be part of the First Line of Defense Model Risk Controls function and will be responsible for managing the governance process for all models used across the credit lifecycle in the Global Credit Risk and Collections business within PayPal Credit with major responsibility for the CECL/IFRS-9 models. These activities are governed by the enterprise-wide Model Risk Management (MRM) standards and procedures and external regulatory guidance. These include reviewing statistical model constructs, guiding model developers and model owners in preparing analyses and model documentation, ensuring that the models are approved by all Second Line oversight teams and conduct ongoing monitoring of models to evaluate model performance on a frequent basis. Detailed responsibilities are listed below. Requirements: Bachelorâs / Masterâs degree in quantitative area strongly preferred â including mathematics, statistics, engineering, computer science, economics or finance. 7+ yearsâ experience in model development or model validation / model risk management in consumer and/or business financing credit risk CECL/IFRS-9 modeling experience preferred. Skills/Experience : Highly analytical with an expertise in Model Risk Management principles Solid understanding of model development techniques and industry standards especially CECL/IFRS-9 modeling standards Strong working knowledge of SR 11-7 supervisory guidance on model risk management Excellent communication skills Manage dialogue across multiple business units, functions, geographies, bank partners and second line teams. Business acumen Proficient in one or more model development tools (SAS/Python/R etc.) Apply articulate thought leadership Self-managed, proactive team player Highly organized Principal duties include: Independently manage the new model governance process for all models spanning across the credit lifecycle used in Global Credit Risk and Collections business including CECL/IFRS-9 models. Demonstrate a good understanding of advanced statistical techniques used for model development including numerous Machine Learning algorithms as well as CECL/IFRS-9 modeling methodologies. Interface with all levels of management to present model approval status including model developers, model owners / users, partner banks, model oversight teams as well as senior management in various forums. Establish ongoing performance monitoring set up for CECL/IFRS-9 models including setting thresholds for different statistical metrics and generate reports to be disseminated across the organization. Conduct deep dives into performance monitoring results especially if any threshold breaches are observed. Effectively communicate and coordinate between all stakeholders to present and discuss the results from ongoing monitoring of model performance metrics and make recommendations on continued usage as appropriate. Ability to negotiate to reach appropriate resolutions in varied situations without damaging internal or external partner relationships especially when any bottlenecks are encountered in model reviews. We're a purpose-driven company whose beliefs are the foundation for how we conduct business every day. We hold ourselves to our One Team Behaviors which demand that we hold the highest ethical standards, to empower an open and diverse workplace, and strive to treat everyone who is touched by our business with dignity and respect. Our employees challenge the status quo, ask questions, and find solutions. We want to break down barriers to financial empowerment. Join us as we change the way the world defines financial freedom.