FAQs
What is the primary purpose of the Data Scientist position at Bank of America?
The primary purpose of the Data Scientist position is to review and interpret large datasets to uncover revenue generation opportunities and to ensure the development of effective risk management strategies.
What kind of projects will the Data Scientist be involved in?
The Data Scientist will be involved in projects such as developing a Generative AI-powered search platform, a comprehensive machine learning model for foreign currency conversion, identifying optimal interest rates or product prices, and applying advanced NLP techniques for client insights.
What qualifications are required for this role?
Required qualifications include a Bachelor’s degree in a quantitative field, 3 to 5 years of hands-on data science experience, extensive experience with NLP techniques and Generative AI frameworks, strong Python programming skills, and a deep understanding of machine learning algorithms.
Is experience with data visualization tools necessary for this job?
While it is a desired qualification, having experience with data visualization tools such as D3.js, GGplot, and Matplotlib is considered beneficial but not strictly necessary.
What type of team collaboration is expected in this role?
The Data Scientist is expected to work collaboratively with stakeholders throughout the organization, including data engineers and other data scientists, to identify opportunities for leveraging data and to drive business solutions.
What skills are emphasized for success in this role?
Emphasized skills include Agile Practices, Application Development, DevOps Practices, technical documentation proficiency, strong communication skills, expertise in Artificial Intelligence/Machine Learning, and adaptability.
What is the work schedule for this position?
The position operates on a 1st shift schedule, with hours typically totaling 40 per week.
Does the role require strong critical thinking skills?
Yes, strong critical thinking skills are essential; the candidate should be able to take feedback and transform it into strategic action.
What is the culture like at Bank of America in the context of this role?
The culture emphasizes a commitment to diversity and inclusion, responsible growth, and a supportive workplace focused on the physical, emotional, and financial wellness of employees.
Is a graduate-level degree preferred for this position?
Yes, a graduate-level degree in a quantitative field or equivalent work experience is considered a desired qualification for this role.