Controls Monitoring Analyst 2

Job Description

At PayPal (NASDAQ: PYPL), we believe that every person has the right to participate fully in the global economy. Our mission is to democratize financial services to ensure that everyone, regardless of background or economic standing, has access to affordable, convenient, and secure products and services to take control of their financial lives.The Data Analyst 2 role will be part of the First Line of Defense Model Risk Controls function and will be responsible for managing the approval process of all models used across the credit lifecycle in the Global Credit Risk business within PayPal as well as performing ongoing model performance monitoring. These activities are governed by the enterprise-wide Model Risk Management (MRM) standard and procedures. 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. Detailed responsibilities are listed below.
• Manage the new model governance process for all models spanning across the credit lifecycle used in Global Credit Risk business per the enterprise wide Model Risk Management standards. This includes marketing, underwriting, account management, collections and CECL/IFRS-9 models.
• Act as a primary liaison between model developers, Second Line of Defense teams (and model owners to guide the model approval process
• Work closely with model developers to ensure that models are developed and documented per the Regulatory guidelines related to not just Model Risk Management (MRM, Legal, Compliance and Fair Lending) but also other Consumer Protection and Fair Lending laws across the US as well as other countries
• Present model documentation to Second Line of Defense teams (including Legal, Compliance and Fair Lending) internally and at partner banks as applicable and partner with them in obtaining the requisite approvals which involves responding to questions from different stakeholders
• Demonstrate a strong understanding of advanced statistical techniques used for model development including numerous Machine Learning algorithms
• Conduct regular ongoing monitoring or model performance metrics to ensure models continue to perform as expected and conduct analyses to do deep dives into any issues
Qualifications:
• Bachelor s / Master s degree in quantitative area strongly preferred including mathematics, statistics, engineering, computer science, economics or finance
• 2+ years experience in model development or model validation / model risk management in consumer and/or business financing credit risk
• Excellent written and oral communication skills as well as interpersonal skills
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.comWho We Are:Click Here to learn more about our culture and community.PayPal has remained at the forefront of the digital payment revolution for more than 20 years. By leveraging technology to make financial services and commerce more convenient, affordable, and secure, the PayPal platform is empowering more than 400 million consumers and merchants in more than 200 markets to join and thrive in the global economy. For more information, visit paypal.com.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 hidden_email.As part of PayPal s commitment to employees health and safety, we have established in-office Covid-19 protocols and requirements, based on expert guidance. Depending on location, this might include a Covid-19 vaccination requirement for any employee whose role requires them to work onsite. Employees may request reasonable accommodation based on a medical condition or religious belief that prevents them from being vaccinated.Rhidden_mobile ,

Keyskills :
credit risklife insuranceequal employment opportunitymusic makingdata analysis