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Internship Data Scientist Risk Jobs in Illinois (NOW HIRING)

State Farm

Data Scientist

Bloomington, IL · On-site

Lead/mentor other Data Scientists, interns, and other technical work teams * Make strategic recommendations on data collection, integration, and retention requirements, incorporating business ...

State Farm

Data Scientist

Bloomington, IL · Hybrid

Lead/mentor other Data Scientists, interns, and other technical work teams * Make strategic recommendations on data collection, integration, and retention requirements, incorporating business ...

State Farm

Data Scientist

Bloomington, IL · Hybrid

Lead/mentor other Data Scientists, interns, and other technical work teams * Make strategic recommendations on data collection, integration, and retention requirements, incorporating business ...

MessageControl

Data Scientist

Chicago, IL · On-site

Must have at least 3 years of professional experience outside of academic or internship settings. Prior research, data science modeling and taking machine learning features to market. * Outstanding ...

State Farm

Data Scientist

Bloomington, IL · On-site

Lead/mentor other data scientists, interns, and other technical work teams * Make strategic recommendations on data collection, integration, and retention requirements, incorporating business ...

MessageControl

Data Scientist

Chicago, IL

Must have at least 3 years of professional experience outside of academic or internship settings. Prior research, data science modeling and taking machine learning features to market. * Outstanding ...

PayPal

Sr Data Scientist

Chicago, IL

Drive best practices in data science. * Ensure data quality and integrity in all processes ... Own the areas of Fraud risk policy: Work on Broad area of projects from card riskstrategies ...

PayPal, Inc.

Sr Data Scientist

Chicago, IL · On-site

Drive best practices in data science. * Ensure data quality and integrity in all processes ... Your way to impact: • Own the areas of Fraud risk policy: Work on Broad area of projects from ...

Kemper

Data Scientist

Chicago, IL · On-site +1

Data Science is a driver of significant competitive advantage for Kemper and is critical to the ... Prior experience in insurance, financial services, pricing, risk modeling, or a related analytical ...

Fifth Third

Data Scientist

Chicago, IL · On-site

Responsible and accountable for risk by openly exchanging ideas and opinions, elevating concerns ... Data Scientist Total Base Pay Range 82,100.00 - 172,500.00 USD Annual At Fifth Third, we understand ...

Fifth Third Bank

Data Scientist

Chicago, IL · On-site

Responsible and accountable for risk by openly exchanging ideas and opinions, elevating concerns ... Data Scientist Total Base Pay Range 82,100.00 - 172,500.00 USD Annual At Fifth Third, we understand ...

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Internship Data Scientist Risk information

What does an Internship Data Scientist Risk do?

An Internship Data Scientist Risk assists in analyzing data to identify, assess, and mitigate risks within an organization, often in fields like finance, insurance, or technology. They work with senior data scientists to build predictive models, analyze trends, and generate insights that support risk management strategies. Typical tasks include data cleaning, statistical analysis, and reporting findings to help the company make informed decisions. This internship provides hands-on experience with real-world data and risk scenarios, preparing interns for more advanced data science or risk analysis roles.

What are the key skills and qualifications needed to thrive as an Internship Data Scientist in Risk, and why are they important?

To thrive as an Internship Data Scientist in Risk, you need a solid understanding of statistics, data analysis, and programming languages like Python or R, often supported by coursework in mathematics, data science, or a related field. Familiarity with machine learning libraries (e.g., scikit-learn), data visualization tools, and database management systems is typically required. Strong problem-solving abilities, attention to detail, and effective communication skills help distinguish candidates in this role. These skills are vital for accurately analyzing risk data, developing predictive models, and clearly presenting findings to support risk management decisions.

What types of projects can an internship data scientist in risk expect to work on, and how do these contribute to the organization's goals?

Internship data scientists in risk typically work on projects such as developing predictive models to assess credit risk, analyzing transaction data to detect fraud, and generating insights to improve risk management strategies. These assignments often involve collaborating with experienced data scientists, risk analysts, and business teams to ensure that models are both accurate and actionable. By contributing to these projects, interns help the organization make informed decisions that minimize financial losses and ensure regulatory compliance. The hands-on experience not only builds technical skills but also provides valuable exposure to real-world challenges in the risk domain.
What are the most commonly searched types of Data Scientist Risk jobs in Illinois? The most popular types of Data Scientist Risk jobs in Illinois are:
Internship Data Scientist Risk jobs near you

Data Scientist

State Farm

Bloomington, IL • On-site

Full-time

Medical, Dental, Vision, Retirement

Re-posted 25 days ago

State Farm rating

7.4

Company rating: 7.4 out of 10

Based on 1,542 frontline employees who took The Breakroom Quiz

224th of 301 rated insurance

Job description

Overview
Being good neighbors - helping people, investing in our communities, and making the world a better place - is who we are at State Farm. It is at the core of how we operate and the reason for our success. Come join a #1 team and do some good!
Office Locations: Bloomington, Atlanta, Dallas, Phoenix
HYBRID: Qualified candidates (in or near hub locations listed below) should plan to spend time working from home and some time working in the office as part of our hybrid work environment.
Why Join Our Data Science Team?
At State Farm, we are dedicated to helping our team members develop to their full potential. As a Data Scientist, you have the unique opportunity to develop both professionally & analytically. You will strengthen your communication skills through interactions with technical and non-technical business partners. Our data science teams also embrace staying current with the evolving data science landscape.
**Applicants are required to be eligible to lawfully work in the U.S. immediately; employer will not sponsor applicants for U.S. work authorization (e.g., H-1B Visa) or future need for this opportunity.
Responsibilities
State Farm's Rating & Underwriting Modeling Team is seeking Data Scientists to support the growing demand for advanced analytic solutions across the organization. We are looking for talented, motivated individuals who will partner with business areas to help drive results for the enterprise via the development and adoption of analytic solutions.
Applicants for this posting will be considered for Data Scientist openings in:
  • Property & Casualty Actuarial & Underwriting Modeling Department (PCM): Develops models that support State Farm's insurance pricing and underwriting decisions

Data Science at State Farm:
As a Data Scientist at State Farm, you will serve as a subject matter expert and consultant. Through this role, you will share your knowledge and work to increase the use of analytics for decision-making across the organization. Below are some of the tasks you can expect in the typical day of a Data Scientist:
  • Develop and validate advanced analytic models
  • Provide input into and/or build datasets to support model development
  • Collaborate with other team members on scoping solutions and project decision points
  • Present on technical topics to peers, leadership, and other stakeholders, including non-technical business partners
  • Lead/mentor other Data Scientists, interns, and other technical work teams
  • Make strategic recommendations on data collection, integration, and retention requirements, incorporating business requirements and knowledge of best practices
  • Serve as a peer reviewer to other model development teams
  • Work on complex problems of diverse scopes
  • Establish and leverage a network of associates with business domain and data expertise
  • Instill a business-oriented mindset that drives the data science & research agenda
  • Build and maintain a relationship with the open-source community by creating and contributing to open-source data science software initiatives

Qualifications
Requirements:
  • Completed Masters or other advanced degrees, in an analytical field such as statistics, mathematics, economics, data science, quantitative marketing, operations research, industrial engineering, etc.
  • Experience building advanced analytic solutions using generalized linear models and at least one of the following: time series analysis, cluster analysis, tree-based algorithms, or neural networks
  • Experience with at least one statistical programming language: SAS, R, and/or Python

Other Things We Look For:
  • Experience with cloud-based environments (e.g., AWS), Linux, and/or SQL
  • Strong communication skills and the ability to manage multiple, diverse stakeholders across business areas and leadership levels

What You Can Expect:
Competitive candidates may be invited to participate in pre-employment testing and/or the interview process. This is where the excitement begins!
**Applicants are required to be eligible to lawfully work in the U.S. immediately; employer will not sponsor applicants for U.S. work authorization (e.g., H-1B Visa) or future need for this opportunity.
Our Benefits
Because work-life balance is a priority at State Farm, compensation is based on our standard 38:45-hour work week!
  • Potential starting salary range: $102,000 - $163,000
    • Starting salary will be based on skills, background, and experience
    • High end of the range limited to applicants with significant relevant experience
  • Potential yearly incentive pay up to 15% of base salary

At State Farm, we offer more than just a paycheck. Check out our suite of benefits designed to give you the flexibility you need to take care of you and your family!
  • Get Paid! On top of our competitive pay, you are eligible for an annual raise and bonus.
  • Stay Well! Focus on you and your family's health with our robust health and wellbeing programs. State Farm pays most of your healthcare premium, and we offer multiple healthcare plan options, including a high deductible plan. All medical plans provide 100% coverage for in-network preventative care, AND you and your family have access to vision, dental, telemedicine, 24/7 mental health professionals, and much more!
  • Develop and Grow! Take advantage of educational benefits like industry leading training programs, top-notch tuition assistance programs, employee resource groups, and mentoring.
  • Plan Ahead! Plan for those big moments in life with benefits like fertility/IVF/adoption assistance, college coaching, national discount programs, interactive monthly financial workshops, free financial coaching, and more. You can also start a savings account or consider financing through our State Farm Federal Credit Union!
  • Take a Little "You" Time! You will have access to our generous time off policies designed so you can plan around holidays, family events, volunteering, or just to take a relaxing day off. With the opportunity to initially earn up to 20 days annually plus parental leave, paid holidays, celebration day, life leave (40 hours/year), bereavement leave, and community service/education support days, there will be plenty of time for you!
  • Give Back! We offer several ways to give back through our Matching Gift Program, Good Neighbor Grant Program, and the Employee Assistance Fund.
  • Finish Strong! Plan for retirement using free financial advisors and a 401(k) plan with company contributions of up to 7% of your salary.

Visit our State Farm Careers page for more information on our benefits, locations, and the hiring process of joining the State Farm team!

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