Principal Data Science

Discover Financial Services, Inc.; Illinois; Hybrid; USD 130,000 - 182,000; Full time

Job summary

Join a forward-thinking company where you can leverage your analytical skills to drive strategic initiatives and make a significant impact. This role involves collaborating with cross-functional teams to develop advanced analytics solutions, including machine learning and optimization techniques. You will have the opportunity to present your findings to leadership, ensuring that your insights lead to actionable business improvements. With a commitment to fostering a diverse and inclusive workplace, this organization values your unique contributions and supports your professional growth through continuous learning and development opportunities.

Benefits

Paid Parental Leave

401(k) Plan

Medical, Dental, Vision Insurance

Education Assistance

Employee Stock Purchase Plan

Commuter Benefits

Recognition Program

Short and Long Term Disability Insurance

Life Insurance

Accidental Death & Dismemberment Insurance

Qualifications

• 6+ years in analytics, focusing on Credit Risk and Fraud Risk.
• Expertise in statistical analysis and machine learning methodologies.

Responsibilities

• Lead development of advanced analytics for business problem-solving.
• Collaborate with teams to deliver end-to-end analytical solutions.

Skills

Statistical Analysis

Machine Learning

Data Analysis

Segmentation

Optimization

Education

Bachelor in Analytics

Master in Analytics

Tools

Tableau

Python

SQL

Job description

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.

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 problem 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 opportunity, form hypothesis, propose, design and implement tests to drive strategy enhancement and optimization.

Leads the development and implementation of advanced analytics including customer segmentation, optimization, prescriptive analytics and machine learning algorithm & recommendation to solve business problems. Lead 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 build and prototype dashboards to provide insights at scale, solving for analytical needs.

Consistently follows standard work processes and documentation requirements. Recommends improvement 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

Bachelors in Analytics, Engineering, Statistics or related.

6+ Years of Credit Risk, Fraud Risk, Marketing Analytics, Optimization, Operations Analytics, Modeling/Data Science or related.

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

Masters in Analytics, Engineering, Mathematics, Statistics.

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.

#LI-LG1

Application Deadline:

The application window for this position is anticipated to close on Feb-23-2025. We encourage you to apply as soon as possible. The posting may be available past this date, but it is not guaranteed.

About This Role

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.

• 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 problem 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 opportunity, form hypothesis, propose, design and implement tests to drive strategy enhancement and optimization.

• Leads the development and implementation of advanced analytics including customer segmentation, optimization, prescriptive analytics and machine learning algorithm & recommendation to solve business problems. Lead 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 build and prototype dashboards to provide insights at scale, solving for analytical needs.

• Consistently follows standard work processes and documentation requirements. Recommends improvement 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

• Bachelors in Analytics, Engineering, Statistics or related.

• 6+ Years of Credit Risk, Fraud Risk, Marketing Analytics, Optimization, Operations Analytics, Modeling/Data Science or related.

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

• Masters in Analytics, Engineering, Mathematics, Statistics.

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.

#LI-LG1

Application Deadline:

The application window for this position is anticipated to close on Feb-23-2025. 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

• Short and Long Term Disability, Life, and Accidental Death & Dismemberment insurances

• 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.

At Discover, we are committed to creating an inclusive and equitable workplace through our Fair Chance Hiring practices. Fair Chance Hiring means that we base our hiring decisions on an applicant’s qualifications rather than their criminal record. All our positions are subject to Section 19 of the Federal Deposit Insurance Act. Our applicants go through a background check, and we follow all applicable local laws, including the Los Angeles County Fair Chance Hiring Ordinance (LA County Fair Chance ).

Applicants must be 18 or older at the time of hire.

Learning & Development

Never get tired of learning

Mentors, a Tech Academy, Shine Brighter U: there are all sorts of ways to develop as part of our team. We hope they inspire you to grow. After all, brighter futures are what we’re all about.

With our benefits, life’s easier – which means you’re free to grow

Join us and you can expect a whole lot of rewards. From Health and insurance to on-site fitness centers, there’s everything you need to thrive – in and out of work.

Hear about life in Analytics & Data Science from our team

What do you love best about your job that is UNIQUELY Discover?

One unique value of Discover is the opportunity for the interns to interact …

R

Senior Analytics Intern

What makes Discover a leader in tech and/or analytics?

I think what makes Discover leader in tech is our ability to be completely …

Brent

What's the vision for the future and Discover's place in that future?

The vision of Discover Global Network is to be the preferred payments partner. …

Director, Global Network Analytics

Application Process

A step-by-step guide to kicking off a career with us.

01

02

Step two

Join us for an interview

03

Step three

Receive your offer (subject to screening)

04

Step four

Enjoy our on-boarding experience

Apply Now

Seen it, like it, want it? Start your job application.

REMOTE ELIGIBLE
IN-OFFICE: RIVERWOODS, ILLINOIS