Principal Data Scientist/AI/ML

Reserve Bank Information Technology; Navi Mumbai; On-site; INR 3,500,000 - 7,000,000; Full time

Job summary

Reserve Bank Information Technology is seeking a Principal Data Scientist for the AI/ML COE in Navi Mumbai. The role demands 18-24 years of total experience with at least 5 years in leadership positions within AI/ML, and hands-on expertise in end-to-end AI/ML applications, big data tech, and ML frameworks.

You will lead a top-class data team, setting technical vision and delivering data products, models, and insights.

Qualifications

• Bachelors degree in engineering/management.
• Masters degree in engineering/management preferred.
• Experience in leadership roles in Artificial Intelligence & Machine Learning.
• Deep experience in building end to end AI/ML based applications.
• Knowledge of data privacy regulations and ethical AI practices.

Responsibilities

• 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 to identify business opportunities and translate them into data science projects.
• Effectively communicate complex data-driven insights to 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 KPIs to assess impact of data science initiatives.
• Continuously evaluate the effectiveness of models and analytics solutions.

Skills

Leadership in AI/ML

Python/R

Big data tools (Spark/Hadoop)

ML frameworks (TensorFlow/PyTorch/Scik

Cloud platforms (OpenShift/AWS/GCP)

NLP & Computer Vision

Power BI (data visualization)

MLOps pipelines

Education

Bachelor’s in engineering/management

Master’s in engineering/management (preferred)

Tools

Python

R

Spark

Hadoop

TensorFlow

PyTorch

Scikit-learn

OpenShift

AWS

GCP

Power BI

Job description

Principal Data Scientist/AI/ML COE

Experience:

• 18 - 24 years of total relevant experience.
• Minimum of 5 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

• Bachelors degree in engineering/management
• Masters 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

Interested professional can share their profile on [e-mail]

Key Highlights:

1. Get to work on Cutting-edge AI ML Solutions for Large-scale Products and Projects from Scratch.

2. Get to work with Regulator (RBI) closely and get exposure to financial systems/Data to bring real-time impact.

3. Get to work extensively on making complex AI Projects Go-live