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Data Scientist 1

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PayPal

13d ago

  • Job
    Full-time
    Junior & Mid Level
  • Data
    Banking & Finance

AI generated summary

  • You need a relevant degree, 2-3 years in credit/fraud analytics, expertise in SQL, Excel, and a statistical tool (SAS/R/Python), plus strong communication, organization, and project management skills.
  • You will design and monitor fraud risk strategies, identify gaps in controls, propose solutions, present to management, optimize solutions, and collaborate with internal and external partners.

Requirements

  • Bachelor’s degree in Mathematics, Statistics, Operations Research, Finance, Economics or related quantitative discipline
  • 2-3 years proven credit or fraud risk analytics experience or equivalent
  • Must be an intuitive, organized analytical thinker, with the ability to perform detailed analysis
  • Proficiency in SQL and Excel. Proficiency in at least one statistical analysis tool: SAS / R / Python
  • Strong written, oral, and interpersonal skills a must including the ability to explain and/or present analysis
  • Ability to contribute to strategic discussions and represent Risk in cross-functional meetings
  • Ability to manage a large, diverse set of to-do’s – prioritize, stay on top of multiple workstreams, monitor progress
  • Ability to work with leadership & stakeholders to define project scope and direction, driving large pieces of the work independently
  • Dedicated, proactive, curious and eager to learn new approaches / methodologies – a must

Responsibilities

  • Conceive, design, and monitor fraud risk management strategies to manage fraud losses and improve business profitability for consumer lending products
  • Identify opportunities and gaps within the current portfolio of PayPal’s Fraud Risk controls, including continuously evolving fraud trends
  • Formulate & propose solutions to ensure optimal balance between user experience, business enablement, operational expense and loss exposure
  • Communicate concise and actionable business strategies and present new strategy recommendations to senior management for approval
  • Monitor performance of existing & new solutions and optimize to ensure desired results
  • Work closely with partners in Risk Platform, Data Sciences, Operations, Product Management, Legal & Compliance and other teams to formulate and execute fraud risk solutions
  • Collaborate with external partners, including external credit/banking partners and data vendors
  • Works independently and proficiently on multiple assignments simultaneously with speed and quality.

FAQs

What is the primary focus of the Data Scientist 1 role at PayPal?

The primary focus of the Data Scientist 1 role is to manage fraud risk for global merchant lending products, setting up foundational fraud risk strategies to mitigate fraud losses and improve business profitability.

What qualifications are required for this position?

A Bachelor’s degree in Mathematics, Statistics, Operations Research, Finance, Economics, or a related quantitative discipline is required, along with 2-3 years of proven credit or fraud risk analytics experience.

Which skills are necessary for this job?

Required skills include proficiency in SQL and Excel, proficiency in at least one statistical analysis tool such as SAS, R, or Python, strong analytical and written communication skills, and the ability to manage multiple tasks efficiently.

Will this role require collaboration with other teams?

Yes, this role involves working closely with partners in Risk Platform, Data Sciences, Operations, Product Management, Legal & Compliance, and external partners such as credit/banking partners and data vendors.

What kind of work environment does PayPal offer for this position?

PayPal offers a balanced hybrid work model where employees typically work 3 days in the office and 2 days remotely at their choice of either the PayPal office or their home workspace.

Are there opportunities for professional growth within this position?

Yes, the role emphasizes continuous learning and the ability to contribute to strategic discussions, providing opportunities for professional growth and skill development.

How does PayPal support the mental and physical well-being of its employees?

PayPal offers a variety of benefits aimed at promoting financial, physical, and mental health, including health and life insurance, employee shares options, and resources to care for employees' overall well-being.

What is the company's commitment to diversity and inclusion?

PayPal is committed to providing equal employment opportunities regardless of various characteristics and strives to create a workplace where employees feel included, valued, and secure.

Can individuals with disabilities apply for this role?

Yes, PayPal encourages applications from individuals with disabilities and provides reasonable accommodations for qualified individuals.

What is the application process for this position?

Interested candidates can apply directly through PayPal's career platform; they are encouraged not to hesitate due to confidence gaps or imposter syndrome.

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PayPal

Technology
Industry
10,001+
Employees
1998
Founded Year

Mission & Purpose

PayPal is a prominent financial technology company that facilitates online payments and money transfers for individuals and businesses. Their fundamental objective is to empower seamless and secure digital transactions, enabling people to manage their financial lives more efficiently in an increasingly interconnected world. At its core, PayPal strives to be the bridge that connects people with the global economy, offering accessible and convenient solutions to move and manage money, ultimately promoting financial inclusion and empowerment.