PayPal
Chennai
Internet
Who we are: 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. We’re a purpose-driven company, and our beliefs are the foundation of how we conduct business every day. We’re guided by our core values of Inclusion, Innovation, Collaboration, and Wellness. Collectively, these values inspire us to work together as One Team with our customers at the center of everything we do, and to take care of ourselves, each other, and the communities in which we live and work. We challenge the status quo, ask questions, and find solutions. Join us as we enable the hopes, dreams, and ambitions of millions of people around the world.
Job Description Summary: Global Merchant Lending (GML) exists to enable the hopes and dreams of our merchants by providing fair, fast and flexible access to capital. GML Credit Risk exists to support the overall GML mission by building capabilities to: 1) Build solutions that accurately evaluate risk while optimizing the lending process to provide business owners with the appropriate amount of working capital at a fair price. 2) Build a thorough and robust framework to monitor and track asset quality and to identify risks and opportunities that will help Global Merchant Lending (GML) achieve its financial goals. 3) Design strategies to maximize risk adjusted returns and minimize expenses.
Job Description:
General:
- Interact with senior management and associates to gain a broad understanding of how the lending life-cycle works and what the critical business objectives are.
- Access, analyze, and convert both internal and external data into knowledge to build data-driven strategiespolicies to solve business objectives related to credit risk.
- Create meaningful business case to support strategypolicy recommendations and drive alignment and prioritization with key stakeholders.
- Clearly define business requirements and work in collaboration with Product, Technology, Operations, and Project Management teams to effectively execute strategypolicy recommendations accurately and in a timely manner.
- Monitor and manage strategies/policies to ensure they are working as intended or need to be redeveloped.
- Removes obstacles, balance competing priorities and collaborates effectively within the organization.
Specific to Role:
- Build an automated underwriting strategy to evaluate credit risk of merchants for a monthly term loan in the United Kingdom. Underwriting strategy encompasses decisioning, pricing, offer size and term length.
- Evaluate different methods and data sources for underwriting including but not limited to, relationship data, bureau data, connections to bank account data, physical bank statements, accounting software, tax returns, and other sources.
- Deliver predictive models based on the aforementioned attributes for credit related outcomes such as probability of default.
- The automated strategy must be scalable, and provide reasonable coverage of target applicant universe.
- Manage project timelines and milestones across line of business, project management, technology, legal, compliance, and fair lending to advance project from proof-of-concept to implementation.
- Individual contributor that must collaborate with a team, focusing on completing individual tasks, as well as, striving to achieve a common objective.
Qualifications
- Bachelor’s degree or higher in a quantitative field such as Decision Science, Data Science, Mathematics, Statistics, Computer Science, Operations Research, Engineering, Finance, or Economics.
- 2+ years of experience in Financial Services, specifically within Credit Risk Management, Small Business, Commercial, or Consumer lending.
- 2+ years of experience solving business problems leveraging data and analytics.
- 2+ years of experience using SQL, SAS, R, Python, Xeno, MatLab, or similar data-mining and analytics applications.
- Capable of completing descriptive, diagnostic, exploratory, predictive, and prescriptive analytical exercises.
- Prior experience in machine learning techniques, such as Linear and Logistic Regression, Bayesian models, GLMs, SVM, LDA, Decision Trees, Random Forests, Neural Networks, Clustering, Time Series Analysis, Forecasting, Survival / Duration Analysis, or similar.
- Proven ability to give meaning, insight, and purpose to information to drive business decisions.
- Capable of managing change through typical strategy development lifecycle stages such as Ideation, Solutioning, Execution, and Go-To Market.
- Proficient in Excel, Word, and PowerPoint.
- Excellent communication and presentation skills, problem-solving, time-management, collaboration, and interpersonal skills.
- Proven ability to simply explain complex information to both technical and non-technical audiences.
- Ability to work autonomously as well as in a team setting.
For more than 20 years, PayPal has remained at the forefront of the digital payment revolution. By leveraging technology to make financial services and commerce more convenient, affordable, and secure, our open digital payments platform gives PayPal’s 400 million active account holders the confidence to connect and transact in new and powerful ways. 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.
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.
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