Navy Federal Credit Union - Winchester, VA

posted about 2 months ago

Full-time - Intern
Winchester, VA
11-50 employees
Credit Intermediation and Related Activities

About the position

The Lending Analytics Credit Risk & Decision Science team at Navy Federal Credit Union is a dynamic group of approximately 30 skilled analysts, modelers, and data scientists dedicated to developing analytical solutions that enhance the profitability of Lending portfolios while ensuring member service and needs are met. The team focuses on creating models for credit card line assignments and increases, pricing strategies for consumer loans, and various other analytical projects. We are currently seeking a Data Scientist Summer Associate who will engage in projects aimed at improving analytics tracking, dashboarding, and automation. In this role, the Data Scientist Summer Associate will provide independent data science and machine learning insights using a variety of data sources, including member, financial, and organizational data. The goal is to support critical decision-making processes across the organization. The associate will be responsible for creating descriptive, predictive, and prescriptive models that drive impactful results. The position requires leveraging modern technologies such as Python, R, Scala, and Spark to analyze large datasets. The associate will utilize statistical practices to analyze both current and historical data, enabling the identification of risks and opportunities that inform better decision-making for future events. The role also involves managing and architecting big data to build high-impact data models, evaluating model design and performance, and collaborating with team members and stakeholders to deliver strategic analytic solutions from design to deployment. Additionally, the associate will create data visualizations and dashboards to monitor risk trends relevant to loss and originations modeling, conduct model validations, and lead initiatives to streamline data preparation and reporting processes.

Responsibilities

  • Leverage modern technologies including Python, R, Scala, and Spark to analyze large data sets.
  • Analyze current and historical data using statistical practices to make predictions and identify risks and opportunities.
  • Provide analytics insights and solutions to solve complex business problems.
  • Manage, architect, and analyze big data to build data-driven insights and high-impact data models.
  • Evaluate model design and performance and perform champion/challenger development.
  • Analyze model input data, assumptions, and overall methodology.
  • Apply business knowledge and advanced statistical modeling techniques when building data structures and tools.
  • Collaborate with team members, subject matter experts, and delivery teams to deliver strategic analytic solutions from design to deployment.
  • Examine data from multiple sources and share insights with leadership and stakeholders.
  • Transform data presented in models, charts, and tables into a format useful for business decision-making.
  • Create data visualizations and dashboards to monitor and explain risk trends relevant for loss and originations modeling.
  • Conduct model validations and routinely assess model performance.
  • Create reports and deliverables to assist with business planning, continuity, and strategy.
  • Lead initiatives to streamline or automate processes related to data preparation and report creation.
  • Use analytical and modeling techniques to develop strategies related to underwriting criteria, pricing, line management, and loss forecasting.

Requirements

  • Currently pursuing an undergraduate or graduate degree in Data Science, Statistics, Economics, Mathematics, Computer Science, Engineering, or another quantitative field.
  • Ability to understand complex business problems and determine aspects requiring optimization, articulating them clearly.
  • Advanced skill in communicating actionable insights using data to both technical and non-technical audiences.
  • Experience working in dynamic, research-oriented environments.
  • Demonstrates functional knowledge of data visualization libraries such as matplotlib or ggplot2; knowledge of other visualization tools such as Microsoft Power BI and Tableau.
  • Ability to manipulate raw data within visualization tools to create effective dashboards that communicate data outcomes visually.
  • Proficient in storytelling with data skills.
  • Strong technical writing skills and ability to communicate effectively at all levels.

Nice-to-haves

  • Experience with machine learning techniques and frameworks.
  • Familiarity with cloud computing platforms such as AWS or Azure.
  • Knowledge of database management systems and SQL.

Benefits

  • Highly competitive pay
  • Generous benefits and perks
  • Recognition as one of the best companies for various demographics and career stages
  • Hybrid workplace flexibility
  • Opportunities for professional development and growth
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