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Data Scientist I - Fraud - Job Opportunity at USAA

Plano, USA
Full-time
Mid-level
Posted: February 2, 2025
Hybrid
USD 114,080 - 205,340 per year

Benefits

Comprehensive Health Insurance with competitive coverage options
Robust Dental and Vision Plans demonstrating commitment to total wellness
Strategic Life Insurance package aligned with industry leaders
Progressive Paid Time Off program including 16 volunteer hours
Forward-thinking Adoption Assistance program
401(k) and Pension plans indicating long-term investment in employees
Career development and education assistance programs

Key Responsibilities

Lead development and continuous optimization of machine learning models for fraud detection across multiple financial products
Drive strategic innovation in modeling methodologies and technical implementations
Collaborate with cross-functional teams to align analytical solutions with business objectives
Design and implement scalable, automated solutions leveraging advanced ML techniques
Develop production-ready analytical assets within Model Risk Management framework
Generate actionable insights from complex data analysis for business stakeholders

Requirements

Education

Bachelor's degree in mathematics, computer science, statistics, economics, finance, actuarial sciences, science and engineering, or other similar quantitative field

Experience

4 years in predictive analytics or data analysis (2 years with Advanced Degree)

Required Skills

Python/R programming SQL and NoSQL database expertise Statistical analysis and modeling Machine learning algorithm implementation Data preprocessing and manipulation Model validation and testing Technical documentation Business communication Risk assessment
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Sauge AI Market Intelligence

Industry Trends

Financial institutions are increasingly leveraging AI/ML for fraud detection, with a 35% growth in implementation over the past two years Integration of real-time fraud detection systems with traditional batch processing is becoming standard practice Rising demand for specialists who can balance model complexity with interpretability due to regulatory requirements

Salary Evaluation

The offered range aligns with market rates for mid-level data scientists in financial services, with potential for growth based on performance and specialized fraud expertise

Role Significance

Typically part of a 5-8 person specialized fraud analytics team within larger data science organization
Mid-level position with significant technical autonomy and cross-functional influence

Key Projects

Development of real-time fraud detection systems Implementation of advanced anomaly detection algorithms Creation of interpretable ML models for regulatory compliance Integration of multiple data sources for comprehensive fraud prevention

Success Factors

Strong balance of technical expertise and business acumen Ability to translate complex models into actionable insights Experience with financial services regulations and compliance Collaborative approach to cross-functional projects

Market Demand

High demand with expected 25% growth over next 3 years due to increasing sophistication of financial fraud and regulatory pressure

Important Skills

Critical Skills

Advanced ML modeling skills with focus on fraud detection Strong understanding of financial services regulatory environment Experience with large-scale data processing and real-time systems

Beneficial Skills

Military background or understanding of military community Experience with cloud-based ML platforms Knowledge of emerging fraud patterns and prevention techniques

Unique Aspects

Specialized focus on military community provides unique fraud patterns and challenges
Comprehensive hybrid work model with flexibility across multiple major tech hubs
Strong emphasis on model risk management and regulatory compliance

Career Growth

2-3 years in role with demonstrated success before advancement

Potential Next Roles

Senior Data Scientist - Fraud Lead Data Scientist Fraud Analytics Manager Machine Learning Engineering Lead

Company Overview

USAA

USAA is a Fortune 500 financial services company focused on military members and their families, known for strong ethical practices and technological innovation

Industry leader in military-focused financial services with strong reputation for technological advancement and member service
Major technical hub in Plano with significant investment in data science capabilities
Mission-driven environment with strong emphasis on service, integrity, and innovation in financial security
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