Credit Risk Data Science Jobs in Lake Forest, IL

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 Summary:

Job Description:

PayPal, Inc. seeks Data Scientist in Chicago, IL

Job Duties: Analyze and process large sets of data using statistical software. Apply sampling techniques to determine groups to be surveyed or use complete enumeration methods. Compare models using statistical performance metrics. Apply mathematical principles or statistical approaches to solve problems in scientific or applied fields. Analyze business or financial data. Analyze data to identify or resolve operational problems. Analyze data to identify trends or relationships among variables. Work on a broad array of projects from card risk strategies, acquisition, and payment risk strategies. Work closely with Stakeholders including Credit Risk, Product, and Engineering teams to optimize fraud strategies and portfolio performance. Analyze and assess emerging fraud trends and propose mitigation strategies. Maintain and develop Monitoring and Alerting capabilities to clearly monitor the CBMC program health and simplify insights for key stakeholders. Present regular updates to senior leaders on Portfolio Health, highlights, lowlights, and actionable insights. Demonstrate full ownership of portfolio and be responsible for end-to-end management of Fraud loss and decline rates. Collaborate with different teams to develop strategies for fraud prevention, loss savings, and optimize transaction declines. Prepare periodic KPI reports summarizing the business units' risk and control environment for senior management. Partial telecommuting permitted from within a commutable distance.

Minimum Requirements: Master's degree, or foreign equivalent, in Computer Science, Engineering, Management Information Systems, or a closely related field plus two years of experience in the job offered or a related occupation.

Special Skill Requirements:

1. Experience with basic analytics (2 years).

2. Experience with fraud risk management in financial services industry (2 years).

3. Experience writing SQL queries to analyze large datasets (2 years).

4. Experience building interactive dashboards and visual reports using Tableau (2 years).

5. Experience using MS Excel and Pivot Tables to create analytical views and summarize data (2 years).

6. Experience using visualization tools to present analytical insights (2 years).

7. Experience in machine learning methods (1 year).

8. Experience in applying data science techniques to solve real-world problems (1 year).

9. Experience using Python to analyze large datasets (1 year).

EOE, including disability/vets.

The base pay for this role will depend on where you work and the relevant experience andexpertiseyou bring. The expected range of pay for this role by location is:

Primary Location | Pay Range:

Chicago, IL | Salary: $96,928.00-180,000.00 per annum. 40 hours per week; M-F, 9:00 a.m. to 5:00 p.m. For benefits summary please visit: https://www.paypalbenefits.com.

Additionalcompensation for this role may include an annual performance bonus, equity, or other incentive compensation, as applicable.

Must be legally authorized to work in the U.S. without sponsorship.

Subsidiary:

Travel Percent:

PayPal does not charge candidates any fees for courses, applications, resume reviews, interviews, background checks, or onboarding. When making an application directly, we will never ask you to share passwords, one-time passcodes (OTP), or verification codes. Any such request is a red flag and likely part of a scam. All communication regarding your application will come from official PayPal email domains. If you suspect fraudulent activity, please report it immediately. To learn more about how to identify and avoid recruitment fraud please visit https://careers.pypl.com/contact-us.

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 comprehensive, choice-based programs, to support all aspects of personal wellbeing-physical, emotional, and financial-delivering meaningful value where it matters most.We strive to create a flexible, balanced work culture with a holistic approach to benefits, including generous paid time off, healthcare coverage for you and your family, and resources to create financial security and support your mental health.

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 atpaypalglobaltalentacquisition@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.