Data Scientist 1

**The Company**

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 Description Summary: What you need to know about the role
- PayPal’s Credit and Operational Risk Strategy (CORS) team is seeking a Data Scientist to support the Model Controls team responsible for managing the end to end approval process of models used across the credit lifecycle in the Global Credit Risk business within PayPal as well as performing ongoing model performance monitoring. The position needs to ensure that the Model Controls function follows the enterprise-wide Model Risk Management (MRM) standards and procedures and external regulatory guidance. These include reviewing statistical model constructs, guiding model developers and model owners in preparing model documentation per the MRM standards, ensuring that the models are approved by all Second Line oversight teams and conduct regular monitoring of model performance. Meet our team PayPal’s Credit and Operational Risk Strategy (CORS) supports the greater Credit organization and is responsible for the management of the Risk Lifecycle activities, ensuring that the Credit organization’s risk is well managed and well controlled. The Controls organization implements control programs throughout the credit lifecycle such as Model Governance, Policy Governance, Issues Management, Testing & Monitoring and Reporting & Automation across all credit products.

**Job Description**:
**Your way to impact**
- You will be part of the Controls organization that is key to manage CORS’ model governance and monitoring process accurately and adequately as part of the larger PayPal risk management process.
- You will be the critical resource who will be facilitating and helping in reviewing statistical model constructs, guiding model developers and model owners in preparing analyses and model documentation, ensuring that the models are approved by all Second Line oversight teams to make sure all the policy are adhered to and also conduct ongoing monitoring of models to evaluate model performance on a frequent basis.

**Your day to day**

In your day to day role you will:

- Independently manage the new model governance and monitoring process for all models spanning across the credit lifecycle used in Credit and Fraud Risk, Collections business as-well as CECL/IFRS-9 regulatory models.
- Interface with all levels of management to present model approval status including model developers, model owners / users, partner banks, model oversight teams as well as other stakeholders in various forums.
- Ability to negotiate to reach appropriate resolutions in varied situations without damaging internal or external partner relationships especially when any bottlenecks are encountered in model reviews.
- Perform ongoing performance monitoring set up for credit models and understand the di