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Data Scientist
Bank of America New York, NY
Full Time | Banking 7 Months Ago
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Bank of America is Hiring a Data Scientist Near New York, NY

Job Description:

Data Support Analyst

The GTS Data and AI team drives innovation within one of the largest commercial payment businesses in the world. At the core, the team is a collection of curious and driven data scientists, data engineers, and product managers that welcome challenging problems.

Our team often operates in a think tank setting, brainstorming and pinpointing opportunities alongside other business teams to create traceable value through data. We deepen our understanding of client behavior primarily from transaction-level payments across multiple rails (ACH, wires, FX, among others) and account dynamics (including balances and terms). The team meticulously balances long term and short-term projects, resulting in constant delivery of production level solutions at scale. Each member of the team holds themselves accountable and is driven by an insatiable curiosity.

If you are passionate about working in cross-functional teams to generate revenue through statistical analytics and predictive modeling, consider applying to this role.

Your contributions and learning will be fueled by communication and collaboration with data engineers, product managers, and business teams. Utilizing database and programming knowledge, you will tackle a variety of statistical analyses and machine learning implementations ranging from EDA, hypothesis generation, regression, and classification, time series analysis (e.g., forecasting and anomaly detection), recommendation systems, and stochastic optimization. You may also implement A/B testing and research emerging technologies, among other day-to-day duties.

• Collaborate with stakeholders, including GTS business and Data & AI team product managers, to identify opportunities to leverage internal and external data sources for modeling. Then, linking model results to actionable insights to enhance sales teams’ ability to prospect, generate revenue, and manage risk

• Research and devise ways to lever methods from other domains, such as latent representations and preventative maintenance, to GTS use cases

• Combine models through ensemble modeling

• Coordinate with Data Engineers to build data environments providing data identified by Data Analysts, Business Analysts and Product Managers

• Collaborate with Product Managers and Data Scientists to develop an understanding of needs

Required skills:

• Extensive experience using the scientific Python stack—including, Pandas, NumPy, and Sklearn

• Strong understanding of regression and classification techniques such as regularization, dimensionality reduction and feature selection, K-NN, Naïve Bayes, logistic regression, and gradient boosting machines or random forests

• Understanding of common Natural Language Processing techniques for topic modeling and sentiment analysis

• Awareness of statistical concepts, including distributions and outliers, significance testing, and general linear models

• Ability to communicate results to both technical and non-technical audiences, including facility with PowerPoint and Excel

Desired skills:

Graduate level (masters or PhD) degree in a quantitative field such as computer science, engineering, math, and physics

Understanding of Bayesian inference, optimization, bandit algorithms, and reinforcement learning

• Ability to communicate results via interactive visualization tools such as D3.js, GGplot, Matplotlib and Tableau

• Proficiency in using query languages such as SQL and HiveQL and NoSQL databases, such as MongoDB and Cassandra

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Job Summary

JOB TYPE

Full Time

INDUSTRY

Banking

POST DATE

09/15/2022

EXPIRATION DATE

12/06/2022

WEBSITE

bankofamerica.com

HEADQUARTERS

FARMINGTON, NM

SIZE

>50,000

FOUNDED

1968

CEO

LINDA BOYCE

REVENUE

>$50B

INDUSTRY

Banking

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About Bank of America

Bank America is an insurance company based out of P.O. BOX 15292, Richmond, Virginia, United States.

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The following is the career advancement route for Data Scientist positions, which can be used as a reference in future career path planning. As a Data Scientist, it can be promoted into senior positions as a Data Scientist IV that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Data Scientist. You can explore the career advancement for a Data Scientist below and select your interested title to get hiring information.

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If you are interested in becoming a Data Scientist, you need to understand the job requirements and the detailed related responsibilities. Of course, a good educational background and an applicable major will also help in job hunting. Below are some tips on how to become a Data Scientist for your reference.

Step 1: Understand the job description and responsibilities of an Accountant.

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Data scientists work closely with business stakeholders to understand their goals and determine how data can be used to achieve those goals.

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A data scientist develops software to structure the raw data.

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Data scientist will need to meet with their business stakeholders early and often to ensure that they are on the same page about the goals and deliverables of the project.

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Data scientists may spend some of their time working on ad hoc data requests, but these types of requests should only take up a small portion of their time.

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Step 2: Knowing the best tips for becoming an Accountant can help you explore the needs of the position and prepare for the job-related knowledge well ahead of time.

Career tips from people on Data Scientist jobs

Analyzing data from multiple angles and searching for trends that could reveal problems or opportunities.

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Data scientists lay a solid foundation to help perform all kinds of analysis.

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Data scientists are also expected to have stronger software engineering skills that data analysts.

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Business analysts are focused on reporting, just like data analysts.

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A data scientist should understand the assumptions that need to be met for each statistical test.

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Step 3: View the best colleges and universities for Data Scientist.

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