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Data Science Lead - Job Opportunity at Sumitomo Mitsui Banking Corporation

North Carolina, United States
Full-time
Senior
Posted: February 3, 2025
Remote
USD 158,000-198,000 per year

Benefits

Competitive compensation package with base salary range $158,000-$198,000
Annual discretionary incentive award opportunity
Comprehensive benefits portfolio from global banking leader
Remote work flexibility
Growth opportunities within a major global financial institution

Key Responsibilities

Lead end-to-end development of credit risk models incorporating both traditional and alternative data sources
Drive strategic direction of data science initiatives through cross-functional collaboration
Manage and mentor data science team while establishing best practices
Oversee model validation and regulatory compliance processes
Develop and implement risk assessment strategies across credit products
Guide technical implementation and deployment of machine learning solutions
Present analytics insights to executive stakeholders

Requirements

Education

Bachelor's degree in mathematics, finance, industrial engineering, statistics, data science, or related field (Master's preferred)

Experience

7+ years of experience, with at least 4 years in Consumer financial services industry or PhD with 5+ years professional experience

Required Skills

Statistical modeling methodologies Machine learning Logistic regression Advanced data analysis Python SQL GCP and Vertex AI Power BI or Looker Credit risk modeling Financial services domain knowledge Leadership and team management Communication skills
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Sauge AI Market Intelligence

Industry Trends

Digital banking transformation is driving increased demand for sophisticated credit risk modeling capabilities Integration of alternative data sources in credit decisioning represents a major industry shift Financial institutions are heavily investing in ML/AI capabilities for risk assessment Regulatory focus on model governance and validation is intensifying

Salary Evaluation

The offered salary range of $158,000-$198,000 is competitive for a senior data science role in financial services, particularly considering the remote work option. This positions in the 75th percentile for similar roles in the US market.

Role Significance

Likely leading a team of 3-7 data scientists and analysts, based on organization size and scope
Senior leadership position with significant influence on credit risk strategy and technical direction

Key Projects

Credit underwriting model development incorporating alternative data Risk strategy automation and optimization Model governance framework implementation Advanced analytics platform development

Success Factors

Strong blend of technical expertise and business acumen Ability to navigate regulatory requirements while driving innovation Experience with both traditional and alternative data sources Track record of successful model deployment in production Demonstrated leadership in cross-functional environments

Market Demand

Very high demand, driven by digital transformation initiatives in banking and increased focus on sophisticated risk modeling

Important Skills

Critical Skills

Credit risk modeling expertise due to core business focus Machine learning implementation experience for model development Regulatory compliance knowledge for model governance Leadership capabilities for team building and stakeholder management

Beneficial Skills

Cloud platform experience (GCP) Alternative data analysis skills Product development perspective Change management capabilities

Unique Aspects

Rare opportunity to build credit risk capabilities from ground up within established bank
Combination of startup environment with large bank resources
Focus on alternative data integration in traditional banking

Career Growth

2-4 years in role before progression to executive level, depending on business growth and performance

Potential Next Roles

Chief Data Officer Head of Risk Analytics VP of Data Science Director of Credit Strategy

Company Overview

Sumitomo Mitsui Banking Corporation

SMBC is establishing a new digital banking initiative with the stability of a global banking leader and the agility of a startup

Part of the 12th largest bank globally, with strong capital position and ambitious growth plans
Expanding US presence through digital banking initiative
Blend of startup agility with enterprise stability, emphasizing innovation within regulatory framework
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