Data Scientist

PayPal • Chicago, IL

3d • $106,000 - $180,000 • Hybrid

About The Position

PayPal has been revolutionizing commerce globally for more than 25 years. Creating innovative experiences that make moving money, selling, and shopping simple, personalized, and secure, PayPal empowers consumers and businesses in approximately 200 markets to join and thrive in the global economy. We operate a global, two-sided network at scale that connects hundreds of millions of merchants and consumers. We help merchants and consumers connect, transact, and complete payments, whether they are online or in person. PayPal is more than a connection to third-party payment networks. We provide proprietary payment solutions accepted by merchants that enable the completion of payments on our platform on behalf of our customers. We offer our customers the flexibility to use their accounts to purchase and receive payments for goods and services, as well as the ability to transfer and withdraw funds. We enable consumers to exchange funds more safely with merchants using a variety of funding sources, which may include a bank account, a PayPal or Venmo account balance, PayPal and Venmo branded credit products, a credit card, a debit card, certain cryptocurrencies, or other stored value products such as gift cards, and eligible credit card rewards. Our PayPal, Venmo, and Xoom products also make it safer and simpler for friends and family to transfer funds to each other. We offer merchants an end-to-end payments solution that provides authorization and settlement capabilities, as well as instant access to funds and payouts. We also help merchants connect with their customers, process exchanges and returns, and manage risk. We enable consumers to engage in cross-border shopping and merchants to extend their global reach while reducing the complexity and friction involved in enabling cross-border trade. Our beliefs are the foundation for how we conduct business every day. We live each day guided by our core values of Inclusion, Innovation, Collaboration, and Wellness. Together, our values ensure that we work together as one global team with our customers at the center of everything we do – and they push us to ensure we take care of ourselves, each other, and our communities. Job Summary: Job Description: Bill Me Later, Inc., a wholly-owned subsidiary of PayPal, Inc., seeks Data Scientist in Chicago, IL

Requirements

• Master’s degree in Computer Science, Economics, Mathematics, Statistics, Engineering, or other quantitative-related field plus two years of experience in credit risk analytics or strategy consumer lending.
• Experience in forecasting techniques/algorithms and automation with Python
• Machine learning (model development/deployment; optimization including parameter tuning, dimension reduction, feature selection, and model validation)
• Predictive analytics and segmentation (classification models, regression models, and statistical analysis)
• Experimental design (A/B testing)
• Profit & Loss (P&L) analytics
• Credit risk management / credit risk analytics
• Credit bureau analytics
• Python (pandas, numpy, and sklearn packages)
• SQL tools: Google Big Query and Teradata
• Data visualization (Tableau, Amplitude, and Q-monitor)
• Database management : Big data and cloud (Hadoop, Hive, Stampy, Teradata, and Google Big Query)

Responsibilities

• Apply advanced statistical techniques and algorithms on complex datasets to build statistical or financial models for prediction of risk and revenue and driving actionable business insights for Bill Me Later, Inc. (BML) product or customer level credit risk management.
• Mine data covering a wide range of information from user profile to transaction details to solve risk problems that involve classification, clustering, pattern analysis, sampling, simulations.
• Design and refine a valuations framework that enables PayPal to extend credit with a comprehensive view of each decision's NPV.
• Work with product, data science, and finance teams to enhance underwriting and optimize credit portfolio performance.
• Identify emerging risks or opportunities and propose mitigation strategies.
• Identify optimal data sources and process improvements to enhance risk management, customer experience, and growth.
• Establish detailed KPI tracking to clearly monitor the credit card program health and simplify insights for stakeholders and senior management.
• Present regular updates to senior management on business health, highlighting successes, challenges, and actionable insights, along with plans for addressing key issues.

Benefits

• Additional compensation for this role may include an annual performance bonus, equity, or other incentive compensation, as applicable.
• For benefits summary please visit: https://www.paypalbenefits.com.
• At PayPal, we’re committed to building an equitable and inclusive global economy. And we can’t do this without our most important asset-you. That’s why we offer comprehensive, choice-based programs, to support all aspects of personal wellbeing—physical, emotional, and financial—delivering meaningful value where it matters most. We strive to create a flexible, balanced work culture with a holistic approach to benefits, including generous paid time off, healthcare coverage for you and your family, and resources to create financial security and support your mental health.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 5,001-10,000 employees