Job Location: Chennai
At PayPal (NASDAQ: PYPL), we believe that every person has the right to participate fully in the global economy. Our mission is to democratize financial services to ensure that everyone, regardless of background or economic standing, has access to affordable, convenient, and secure products and services to take control of their financial lives.
Job Description Summary: 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 PayPal’s 290+ million active account holders the confidence to connect and transact in new and powerful ways, whether online, on a mobile device, in an app, or in person. Through 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 Global Credit Risk, Seller Risk, and Collections (GCSC) organization is looking for a technical and strategically oriented professional to join its team. The Data Analyst, Model Controls, will be responsible for executing the enterprise-wide Model Risk Management (MRM) Policies and Procedures for ongoing model monitoring within the GCSC organization. As a Data Analyst for the First Line of Defense Model Risk Controls function, you will be responsible for executing the ongoing model monitoring processes for models used across the credit lifecycle in the Global Credit Risk business within PayPal and supporting the model governance activities. Our team ensures that the Model Controls function follows the enterprise-wide MRM standards and procedures and external regulatory guidance. These include gathering data on production scores and account performance, configuring automated ongoing model monitoring execution jobs, interpreting the ongoing model monitoring results, communicating the insights to stakeholders (model developers, model owners, Second Line oversight team, partner banks), and conducting deep dives for investigating model performance as required. Detailed responsibilities are listed below.
Job Description:
In your role as Data Analyst, Model Controls, you will:
- Demonstrate a good understanding of Machine Learning algorithms used in credit risk models
- Execute ongoing model monitoring for all models spanning across the customer lifecycle used in GCSC organization per the enterprise-wide Model Risk Management standards
- Prepare and present ongoing model monitoring reports to various stakeholders (such as model developers, model owners, Second Line of Defense teams, and partner banks)
- Conduct deep dives into any model performance deterioration (if observed) and recommend appropriate remediation actions when necessary
- Establish an ongoing model monitoring schedule in compliance with the enterprise-wide MRM standards and procedures
- Develop tools to extend and automate further the existing ongoing model monitoring framework as well as continuously improve ongoing model monitoring processes
- Collaborate with the model governance team to ensure that all models are accurately inventoried and adequately documented
Requirements (Minimum qualifications):
- Bachelor’s / Master’s degree in a quantitative area is strongly preferred – including mathematics, statistics, engineering, computer science, economics, or finance
- Strong programming skills for data science (Python, R, SAS, or similar) are a must
- 2+ years of experience in model development, model validation, or model monitoring
- Experience in banking, consumer or business lending, or credit risk is strongly preferred
- Excellent written and verbal communication skills as well as stakeholder management skills
- Self-driven, team worker, responsible, delivery oriented
- Extremely detail-oriented with strong organizational and follow-up skills, as well as experienced in handling multiple projects simultaneously using practical time management skills
- Ability to work with large volumes of data from various sources and extract relevant information for the respective objective
- Ability to assume ownership of assigned tasks and deliver a quality product within the time allocated
- Ability to establish effective working relationships with colleagues and peers. Ability to demonstrate collaboration and partnership and actively promote teamwork
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:
To learn more about our culture and community visit https://about.pypl.com/who-we-are/default.aspx
PayPal has remained at the forefront of the digital payment revolution for more than 20 years. By leveraging technology to make financial services and commerce more convenient, affordable, and secure, the PayPal platform is empowering more than 400 million consumers and merchants in more than 200 markets to join and thrive in the global economy. For more information, visit paypal.com.
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 paypalglobaltalentacquisition@paypal.com.
As part of PayPal’s commitment to employees’ health and safety, we have established in-office Covid-19 protocols and requirements, based on expert guidance. Depending on location, this might include a Covid-19 vaccination requirement for any employee whose role requires them to work onsite. Employees may request reasonable accommodation based on a medical condition or religious belief that prevents them from being vaccinated.
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