Data Scientist 1

The Company

PayPal has been revolutionizing commerce globally for more than 25 years. Creating innovative experiences that make moving money, selling, and shopping simple, personalized, and secure, PayPal empowers consumers and businesses in approximately 200 markets to join and thrive in the global economy. 

We operate a global, two-sided network at scale that connects hundreds of millions of merchants and consumers. We help merchants and consumers connect, transact, and complete payments, whether they are online or in person. PayPal is more than a connection to third-party payment networks. We provide proprietary payment solutions accepted by merchants that enable the completion of payments on our platform on behalf of our customers.

We offer our customers the flexibility to use their accounts to purchase and receive payments for goods and services, as well as the ability to transfer and withdraw funds. We enable consumers to exchange funds more safely with merchants using a variety of funding sources, which may include a bank account, a PayPal or Venmo account balance, PayPal and Venmo branded credit products, a credit card, a debit card, certain cryptocurrencies, or other stored value products such as gift cards, and eligible credit card rewards.  Our PayPal, Venmo, and Xoom products also make it safer and simpler for friends and family to transfer funds to each other. We offer merchants an end-to-end payments solution that provides authorization and settlement capabilities, as well as instant access to funds and payouts. We also help merchants connect with their customers, process exchanges and returns, and manage risk. We enable consumers to engage in cross-border shopping and merchants to extend their global reach while reducing the complexity and friction involved in enabling cross-border trade. 

Our beliefs are the foundation for how we conduct business every day.  We live each day guided by our core values of Inclusion, Innovation, Collaboration, and Wellness. Together, our values ensure that we work together as one global team with our customers at the center of everything we do – and they push us to ensure we take care of ourselves, each other, and our communities.

Job Description Summary:

What you need to know about the role-
PayPal’s GCSC Controls team (Global Credit, Seller and Collections) is seeking a Data Scientist to support the Model Controls team responsible for managing the end to end approval process of models used across the credit lifecycle in the Global Credit Risk business within PayPal as well as performing ongoing model performance monitoring. The position needs to ensure that the Model Controls function follows 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 model documentation per the MRM standards, ensuring that the models are approved by all Second Line oversight teams and conduct regular monitoring of model performance.

Meet our team-

PayPal’s Global Credit, Seller and Collections (GCSC) controls supports the greater Credit organization and is responsible for the management of the Risk Lifecycle activities, ensuring that the Credit organization’s risk is well managed and well controlled. The Controls organization implements control programs throughout the credit lifecycle such as Model Governance, Policy Governance, Issues Management, Testing & Monitoring and Reporting & Automation across all credit products.

Job Description:

Your way to impact

• You will be part of the Controls organization that is key to manage GCSC’ model governance and monitoring process accurately and adequately as part of the larger PayPal risk management process.
• You will be the critical resource who will be facilitating and helping in 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 to make sure all the policy are adhered to and also conduct ongoing monitoring of models to evaluate model performance on a frequent basis.

Your day to day

In your day to day role you will:

• Primary point of contact for interacting with development and business team and ensuring the monitoring reports meets policy and partner bank requirements.
• Independently manage the new model governance and monitoring process for all models spanning across the credit lifecycle used in Credit and Fraud Risk as well as Collections business.
• 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 other stakeholders in various forums.
• 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.
• Perform ongoing performance monitoring set up for credit models and understand the 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.
• Identify opportunities and lead efforts for automation of processes across the Controls organization.

What do you need to bring-

• Bachelor / master’s degree in quantitative area strongly preferred – including mathematics, statistics, engineering, computer science, economics or finance
• 4+ years’ experience in model development or model validation / model risk management in consumer and/or business financing credit risk, good to have regulatory model experience.
• Strong verbal and written communication skills along with stakeholder management with the ability to clearly articulate questions, provide senior management with relevant information and respond to any questions they may have.
• Manage dialogue across multiple business units, functions, geographies, bank partners and second line teams.
• Proficient in Python, SQL and have good understanding of statistical techniques used for model development including numerous Machine Learning algorithms.
• Good to have experience in dashboard creation.
• Excellent written and oral communication skills as well as stakeholder management skills.
• Team worker, responsible, delivery oriented.

**We know the confidence gap and imposter syndrome can get in the way of meeting spectacular candidates. Please don't hesitate to apply.

Additional Job Description:

Subsidiary:

PayPal

Travel Percent:

0

For the majority of employees, PayPal's balanced hybrid work model offers 3 days in the office for effective in-person collaboration and 2 days at your choice of either the PayPal office or your home workspace, ensuring that you equally have the benefits and conveniences of both locations.

Our Benefits:

At PayPal, we’re committed to building an equitable and inclusive global economy. And we can’t do this without our most important asset—you. That’s why we offer benefits to help you thrive in every stage of life. We champion your financial, physical, and mental health by offering valuable benefits and resources to help you care for the whole you.

We have great benefits including a flexible work environment, employee shares options, health and life insurance and more. To learn more about our benefits please visit https://www.paypalbenefits.com.

Who We Are:

Click Here to learn more about our culture and community.

Commitment to Diversity and Inclusion 

PayPal provides equal employment opportunity (EEO) to all persons regardless of age, color, national origin, citizenship status, physical or mental disability, race, religion, creed, gender, sex, pregnancy, sexual orientation, gender identity and/or expression, genetic information, marital status, status with regard to public assistance, veteran status, or any other characteristic protected by federal, state, or local law.  In addition, PayPal will provide reasonable accommodations for qualified individuals with disabilities.  If you are unable to submit an application because of incompatible assistive technology or a disability, please contact us at talentaccommodations@paypal.com.  

Belonging at PayPal: 

Our employees are central to advancing our mission, and we strive to create an environment where everyone can do their best work with a sense of purpose and belonging. Belonging at PayPal means creating a workplace with a sense of acceptance and security where all employees feel included and valued. We are proud to have a diverse workforce reflective of the merchants, consumers, and communities that we serve, and we continue to take tangible actions to cultivate inclusivity and belonging at PayPal.

Any general requests for consideration of your skills, please Join our Talent Community.

We know the confidence gap and imposter syndrome can get in the way of meeting spectacular candidates. Please don’t hesitate to apply.