Senior Data Scientist-Retail Assets

Idfc First Bank Limited; Mumbai; On-site; INR 3,000,000 - 6,000,000; Full time

Job summary

Idfc First Bank Limited in Mumbai seeks a Senior Data Scientist to lead AI/ML initiatives within Data & Analytics. You will define business requirements, design models, and collaborate with data engineering to ensure clean data, scalable deployment, and alignment with strategic goals.

You will apply AI/ML methods to customer segmentation, risk modelling, and campaign targeting; validate models; and communicate insights to stakeholders to drive data-driven decisions across the bank.

Qualifications

• 4–10 years of experience in data science, analytics, and AI/ML model development.
• Strong expertise in AI/ML algorithms and model deployment.
• Experience with emerging technologies and data science tools.
• Ability to design and implement scalable analytical solutions.
• Strong coordination and communication skills for cross-functional collaboration.
• Proficiency in test strategy development and performance validation.
• Strategic thinking with a focus on innovation and business impact.
• Ability to manage stakeholder relationships and deliver data-driven insights.

Responsibilities

• Identify and scope business requirements through analysis.
• Research and adopt AI/ML modeling techniques.
• Apply AI/ML to segmentation, risk modelling, and campaigns.
• Prepare high-quality datasets through cleansing and transformation.
• Build recommendation engines and propensity models.
• Validate models for accuracy, stability, and compliance.
• Present model outputs in business-friendly terms.
• Ensure data lineage and version control.
• Coordinate with Data Engineering to ensure data quality.
• Develop validation strategies and performance testing.

Skills

AI/ML algorithms

Emerging technologies

Data science tools

Scalable analytics

Stakeholder management

Test strategy

Business impact thinking

Education

BSc/BTech/BCA

MSc/MTech/MCA/MA Economics/Statistics

Job description

Job Requirements

About the Role

As a SeniorData Scientist in the Data & Analytics department, based in Mumbai , you will be responsible for identifying business requirements, designing advanced analytical solutions, and implementing AI/ML models that drive strategic decision-making. You will work closely with stakeholders and data engineering teams to ensure seamless data flow, model performance, and alignment with business objectives. This role demands a strong foundation in data science, emerging technologies, and a proactive approach to innovation and problem-solving.

Key Responsibilities

Primary Responsibilities

• Identify and scope business requirements and priorities through rigorous analysis and clarification of solutions, initiatives, and programs.
• Monitor and integrate emerging technology trends and developments to identify new data products, services, and techniques.
• Research, identify, and adopt best-in-class techniques in AI/ML modeling.
• Apply advanced AI/ML techniques to solve problems related to customer segmentation, risk modelling, campaign targeting, and more.
• Perform data cleansing, merging, enrichment, and transformation to prepare high-quality datasets for modelling.
• Analyze large datasets to identify trends, patterns, and opportunities for business growth.
• Build recommendation engines and propensity models to support cross-sell and up-sell strategies
• Validate models to ensure accuracy, stability, and compliance with regulatory guidelines.
• Present complex model outputs and insights in a clear, business-friendly manner.
• Ensure traceability and version control of datasets, models, and evaluation pipelines.
• Develop test strategies and systematic validation procedures to ensure models meet design specifications and performance standards.
• Maintain a strong understanding of data structures and fields required for analysis and modelling.
• Coordinate with the Data Engineering team to ensure data quality and seamless data flow.
• Manage stakeholder expectations by aligning analytics outcomes with organizational objectives
• Identify and evaluate digitization and innovation opportunities enabled by advancements in data and analytics.
• Develop, select, and apply analytical tools and advanced computational methods to enable systems to learn, adapt, and deliver desired outcomes.

What We Are Looking For

Education

• Graduation: B.Sc (Bachelor of Science) or B.Tech (Bachelor of Technology), or BCA (Bachelor of Computer Applications)
• Post-Graduation: M.Sc (Master of Science), M.Tech (Master of Technology), or MCA (Master of Computer Applications) or MA Economics/Statistics

Experience

• 4 to 10 years of relevant experience in data science, analytics, and AI/ML model development.

Skills and Attributes

• Strong expertise in AI/ML algorithms and model deployment.
• Experience with emerging technologies and data science tools.
• Ability to design and implement scalable analytical solutions.
• Strong coordination and communication skills for cross-functional collaboration.
• Proficiency in test strategy development and performance validation.
• Strategic thinking with a focus on innovation and business impact.
• Ability to manage stakeholder relationships and deliver data-driven insights.