Principal Data Science

Discover; Chicago (IL); On-site; USD 130,000 - 182,000; Full time

Job summary

An established industry player is seeking a Principal Data Scientist to drive analytical initiatives and provide strategic insights. In this role, you will leverage advanced analytics and machine learning to solve complex business problems, collaborating with cross-functional teams to enhance decision-making processes. Your expertise will contribute to the development of long-term strategic data assets, ensuring that the company remains at the forefront of innovation in the digital banking sector. If you're passionate about analytics and eager to make a meaningful impact, this opportunity is perfect for you.

Benefits

Paid Parental Leave

Paid Time Off

401(k) Plan

Medical, Dental, Vision, & Health Savings Account

STD, Life, LTD and AD&D

Recognition Program

Education Assistance

Commuter Benefits

Family Support Programs

Employee Stock Purchase Plan

Qualifications

• 6+ years in Credit Risk, Fraud Risk, or related fields.
• Expertise in statistical analysis and machine learning.
• Strong analytical and problem-solving skills.

Responsibilities

• Translate business problems into analytical frameworks.
• Lead development of advanced analytics and machine learning.
• Deliver presentations of findings to leadership.

Skills

Statistical Analysis

Machine Learning

Data Visualization

Analytical Frameworks

Performance Metrics Monitoring

Education

Bachelor's degree in Engineering

Bachelor's degree in Statistics

Bachelor's degree in Analytics

Tools

Data Analysis Tools

Reporting Software

Job description

Discover. A brighter future.
With us, you'll do meaningful work from Day 1. Our collaborative culture is built on three core behaviors: We Play to Win, We Get Better Every Day & We Succeed Together. And we mean it - we want you to grow and make a difference at one of the world's leading digital banking and payments companies. We value what makes you unique so that you have an opportunity to shine.
Come build your future, while being the reason millions of people find a brighter financial future with Discover.
Job Description:
What You'll Do
Responsible for working closely with management to execute analytical initiatives. Responsible for providing thought leadership & strategic thinking to solve business problems by leveraging techniques such as segmentation, optimization, advanced analytics and machine learning. This position will closely monitor performance metrics and KPIs to ensure goals are met and course correct as necessary. Principal Data Science. Actively manages and escalates risk and customer-impacting issues within the day-to-day role to management.
How You'll Do It

• Provides thought leadership & strategic thinking to translate business problems into analytical framework(s), and independently recommend actions and provide business insights. Operates as a subject matter expert on statistical analysis, test and design of experiment, analysis methodology, modeling & application, and financial impact analysis.
• Collaborates with cross-functional partners to understand their business needs, formulate and complete end-to-end analysis that includes data gathering, analysis, ongoing scaled deliverables and presentations. Facilitate implementation of work product and ensure accuracy. Establishes and maintains effective performance tracking; identifies improvement opportunities, forms hypotheses, proposes, designs and implements tests to drive strategy enhancement and optimization.
• Leads the development and implementation of advanced analytics including customer segmentation, optimization, prescriptive analytics and machine learning algorithms & recommendations to solve business problems. Leads the development of analytical capabilities with the aim of creating long-term strategic data/analytics assets for the company.
• Delivers effective presentations of findings and recommendations to multiple levels of leadership, creating visual displays of quantitative information.
• Develops and automates reports, iteratively builds and prototypes dashboards to provide insights at scale, solving for analytical needs.
• Consistently follows standard work processes and documentation requirements. Recommends improvements to work processes to increase efficiency while maintaining quality of work. Continuously improves technical and leadership skills through training and development.

Qualifications You'll Need
The Basics

• Bachelor's degree in Engineering, Statistics and Analytics or related field.
• 6+ years in Credit Risk, Fraud Risk, Marketing Analytics, Optimization, Operations Analytics, Modeling/Data Science or related fields.

Physical and Cognitive Requirements
The physical requirements described here are representative of those that must be met by an employee to successfully perform the essential functions of this position. Reasonable accommodations may be made to enable a qualified individual with disabilities to perform the essential functions of the position as required by federal, state, and local laws:

• Primarily remain in a stationary position.
• No required movement about the work environment to complete the major responsibilities of the job.
• Primarily performed indoors in an office setting.
• Ability to operate office equipment such as but not limited to computer, telephone, printer, and calculator.
• Ability to communicate verbally; ability to communicate in written form.

Bonus Points If You Have
Bachelor's degree in Engineering, Statistics, Analytics, Mathematics, or related field.
Discover will not sponsor or transfer employment work visas for this position. Applicants must be currently authorized to work in the United States on a full-time basis.
Application Deadline:
The application window for this position is anticipated to close on Jan-21-2025. We encourage you to apply as soon as possible. The posting may be available past this date, but it is not guaranteed.
Compensation:
The base pay for this position generally ranges between $130,000.00 to $182,000.00. Additional incentives may be provided as part of a market competitive total compensation package. Factors, such as but not limited to, geographical location, relevant experience, education, and skill level may impact the pay for this position.
Benefits:
We also offer a range of benefits and programs based on eligibility. These benefits include:

• Paid Parental Leave
• Paid Time Off
• 401(k) Plan
• Medical, Dental, Vision, & Health Savings Account
• STD, Life, LTD and AD&D
• Recognition Program
• Education Assistance
• Commuter Benefits
• Family Support Programs
• Employee Stock Purchase Plan

Learn more at mydiscoverbenefits.com.
What are you waiting for? Apply today!
All Discover employees place our customers at the very center of our work. To deliver on our promises to our customers, each of us contribute every day to a culture that values compliance and risk management.
Discover is committed to a diverse and inclusive workplace. Discover is an equal opportunity employer and does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, protected veteran status, or other legally protected status.
(Know Your Rights & Pay Transparency Nondiscrimination Provision)
Discover complies with federal, state, and local laws applicable to qualified individuals with disabilities and is committed to providing reasonable accommodations. If you require a reasonable accommodation to search for a position, to complete an application, and/or to participate in an interview, please email [e-mail]. Any information you provide regarding your accommodation needs will be kept confidential and will only be used to determine and provide necessary accommodation.