Principal Data Scientist

Reserve Bank Information Technology; Navi Mumbai; On-site; INR 3,000,000 - 6,000,000; Full time

Job summary

Reserve Bank Information Technology in Navi Mumbai seeks a Principal Data Scientist for the AI/ML COE. You will lead a top-class data team, shape technical vision, and deliver data products and models to extract valuable business insights.

The role requires 15–20 years total experience, with at least 4 years in AI/ML leadership, and hands-on expertise in ML, NLP and computer vision, plus strong cloud and MLOps capabilities.

Qualifications

• Total experience 15–20 years in relevant fields.
• Minimum 4 years in leadership roles in AI/ML.
• Deep experience building end-to-end AI/ML applications with big data tech.
• Expertise in machine learning, statistical modeling and data mining.

Responsibilities

• Develop and execute the RBI/central banking data science strategy.
• Identify opportunities for AI/ML and analytics to solve business challenges.
• Provide thought leadership on data science for competitive advantage.
• Oversee design, development, and deployment of predictive models and AI apps.
• Implement deep learning, NLP and computer vision solutions.
• Ensure scalable model development and MLOps practices.
• Build and mentor a team of data scientists, analysts, and engineers.
• Collaborate with cross-functional teams to translate opportunities into projects.
• Communicate complex data insights to diverse stakeholders, including executives.
• Ensure timely delivery within scope, budget and quality standards.
• Establish data governance, ethical AI practices and regulatory compliance.
• Oversee data pipelines and analytics-ready architecture.
• Define KPIs and monitor impact of data science initiatives.

Skills

Leadership in AI/ML

End-to-end AI/ML applications

Big data technologies

ML/Statistical modeling

Python/R programming

Big data tools (Spark, Hadoop)

ML frameworks (TensorFlow, PyTorch, Sc

Education

Bachelor’s degree in engineering/management

Master’s degree in engineering/management preferred

Tools

Spark

Hadoop

TensorFlow

PyTorch

Scikit-learn

OpenShift

AWS

GCP

Power BI

Job description

Principal Data Scientist/AI/ML COE

Experience:

• 15 - 20 years of total relevant experience.


• Minimum of 4 years in leadership roles in Artificial Intelligence & Machine Learning (AI/ML)


• Deep experience in building end to end AI/ML based applications along with big data technologies


• Expertise in machine learning, statistical modelling, and data mining techniques.


• Proficiency in Python, R, or similar programming languages, and experience with big data tools (e.g., Spark, Hadoop).


• Deep understanding of AI/ML frameworks such as TensorFlow, PyTorch, or Scikit-learn.


• Knowledge of cloud platforms (OpenShift, AWS, GCP) and MLOps pipelines.


• Experience with data visualization tools (e.g., Power BI) to communicate insights effectively.


• Experience with natural language processing (NLP) and computer vision.


• Familiarity with data privacy regulations and ethical AI practices.

Key Responsibilities:

He/she will be a techno managerial leadership role responsible for leading a top-class data team, providing technical vision, analytical support and business intelligence, to analyse large amount of raw information to find patterns, build data products and models to extract valuable business insights. He/she is expected to manage a team and contribute: -

• Develop and implement the ReBITs data science strategy in alignment with RBI / Central banking business objectives.


• Identify opportunities for AI/ML and advanced analytics to solve business challenges and improve processes.


• Provide thought leadership on leveraging data science and machine learning for competitive advantage.


• Oversee the design, development, and deployment of predictive and prescriptive models, recommendation systems, and other AI/ML applications.


• Implement cutting-edge techniques, such as deep learning, natural language processing (NLP), and computer vision, to address complex problems.


• Ensure scalable model development and deployment through MLOps practices.


• Build, lead, and mentor a team of data scientists, analysts, and engineers to deliver high-quality solutions.


• Collaborate with cross-functional teams (e.g., Product, IT, Finance) to identify business opportunities and translate them into data science projects.


• Effectively communicate complex data-driven insights to both technical and non-technical audiences, including senior executives.


• Ensure timely delivery of data science projects, meeting scope, budget, and quality standards.


• Establish and promote best practices for data governance, ethical AI usage, and compliance with regulatory requirements.


• Oversee the development of data pipelines and architecture to support analytics and model deployment.


• Define and monitor key performance indicators (KPIs) to assess the impact of data science initiatives.


• Continuously evaluate the effectiveness of models and analytics solutions to ensure they align with evolving business needs.

Education

• Bachelor’s degree in engineering/management


• Master’s degree in engineering/management preferred

Industry

• Preferably from a Technology, ITES, Products, Professional SI organization with a focus on BFSI

Certification

• Big Data, Data Science Specific Certifications are preferred

Employment Type

• All positions are on fixed term contract on a full-time basis exclusively for ReBIT, initially for a period of five years, extendable by mutual consent.

Work Location

Nerul Mindspace, Navi Mumbai