Data Scientist, Model Risk Management

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:

As Data Scientist, Model Risk Management, you’ll have a key role to ensure that AI applications and models used across the company are conceptually sound, accurate, robust, and properly monitored. • Model Risk Management team oversees and proactively challenges our AI and model risk management, ensuring regulatory compliance, strengthening decision-making, and safeguarding the company from financial and reputational damage.

Job Description:

You will make an impact by:

• Protecting PayPal’s financial health and reputation by ensuring models are accurate and reliable under most scenarios.
• Ensuring PayPal's models comply with regulatory requirements.
• Exploring and creating cutting-edge agentic AI technologies to automate processes and drive efficiency.

In your day-to-day role you will:

• Provide support to the team lead in managing oversight of high-impact AI applications and models deployed across diverse business areas, such as fraud detection, credit underwriting, and marketing.
• Perform quantitative and qualitative model validation in accordance with the Model Risk Management Policy to evaluate and mitigate model risk concerns.
• Collaborate with business units and model developers to remediate model issues and provide subject-matter expert opinion on model improvements.
• Perform model and AI risk governance related activities in line with enterprise risk framework, to ensure PayPal’s AI applications are compliant with ever evolving regulatory expectation.
• Research the agentic AI field to help PayPal improve its risk detection and mitigation processes.

You will bring:

• An advanced degree in a quantitative field, such as statistics, mathematics, computer science or engineering, is required.
• Advanced knowledge of statistical and machine learning models (e.g., logistic regression, time series analysis, random forests, SVMs, XGBoost, CNNs/RNNs, LLM).
• Strong proficiency in programming and big data technologies, including Scikit-learn (Python), TensorFlow, Hadoop, Spark, SQL, and similar frameworks.
• Relevant Modeling experience in credit scoring, fraud detection, financial forecasting, or marketing analytics obtained either in academic or financial industry is preferred.
• Demonstrated ability to excel in both independent tasks and collaborative team settings.
• Effective communication skills for fostering positive relationships with stakeholders.

Additional Job Description:

Subsidiary:

PayPal

Travel Percent:

0

For the majority of employees, PayPal's balanced hybrid work model offers 3 days in the office for effective in-person collaboration and 2 days at your choice of either the PayPal office or your home workspace, ensuring that you equally have the benefits and conveniences of both locations.

Our Benefits:

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 benefits to help you thrive in every stage of life. We champion your financial, physical, and mental health by offering valuable benefits and resources to help you care for the whole you.

We have great benefits including a flexible work environment, employee shares options, health and life insurance and more. To learn more about our benefits please visit https://www.paypalbenefits.com.

Who We Are:

Click Here to learn more about our culture and community.

Commitment to Diversity and Inclusion 

PayPal provides equal employment opportunity (EEO) to all persons regardless of age, color, national origin, citizenship status, physical or mental disability, race, religion, creed, gender, sex, pregnancy, sexual orientation, gender identity and/or expression, genetic information, marital status, status with regard to public assistance, veteran status, or any other characteristic protected by federal, state, or local law.  In addition, PayPal will provide reasonable accommodations for qualified individuals with disabilities.  If you are unable to submit an application because of incompatible assistive technology or a disability, please contact us at talentaccommodations@paypal.com.  

Belonging at PayPal: 

Our employees are central to advancing our mission, and we strive to create an environment where everyone can do their best work with a sense of purpose and belonging. Belonging at PayPal means creating a workplace with a sense of acceptance and security where all employees feel included and valued. We are proud to have a diverse workforce reflective of the merchants, consumers, and communities that we serve, and we continue to take tangible actions to cultivate inclusivity and belonging at PayPal.

Any general requests for consideration of your skills, please Join our Talent Community.

We know the confidence gap and imposter syndrome can get in the way of meeting spectacular candidates. Please don’t hesitate to apply.