The Opportunity
In office role with hybrid schedule. Ally work locations Charlotte NC, Fort Washington PA, Lewisville TX, Chicago IL or Jacksonville FL
At this time, Ally will not sponsor a new applicant for employment authorization for this position.
As a seasoned contributor on the Fraud Analytics, Strategies and Trends (FAST) team, the Principal Data Scientist plays an integral role in Ally’s defense against fraud threats. Through the use of advanced analytics techniques, the Principal Data Scientist continually seeks to Discover, Develop, and Deploy new countermeasures suitable to detect fraudulent activity, and disrupt continually changing ongoing attacks, preventing bank losses and improving the customer’s experience.
The Work Itself
Discover
- Discover new fraud threats through active involvement in mitigating current fraud trends, deconstruction of past events, and staying current with the changing fraud landscape.
- Discover deeper knowledge of existing vendors, as well as exploring new partners in the fraud fight through active involvement with vendor engagements and POC analytics.
- Discover new data sources and new methods for protecting the banks customers and minimizing losses through the use of emerging technologies and data manipulation techniques.
Develop
- Develop and monitor dashboards to observe daily behavior for abnormalities or elevated activity, then research behavior to determine if risky behavior is present.
- Develop new fraud referrals, strategies, and models that alert or interdict on risky behavior through using large transactional and behavioral data sets to conduct business analysis through the use of advanced analytics to find patterns of fraudulent behavior.
- Develop analysis to support potential policy and/or procedural changes in order to reduce fraud and improve the customers experience.
- Develop proposals for fraud strategies and/or other mitigation efforts, and present findings to partner teams for approval.
- Develop new techniques for fraud analysis, as well as recommendations for internal FAST policies and/or procedures to help drive efficiencies and repeatable quality results.
- Develop strong relationships with other FAST team members to drive collaboration, shared insights across the team, as well as coaching and mentoring peers toward improvement.
- Develop strong relationships with key business partners both inside and outside Fraud Prevention, pursuing solution delivery and shared successes.
Deploy
- Deploy new countermeasures such as referrals, strategies, to combat emerging threats, deterring bad actors from continuing their attacks.
- Deploying effective monitoring techniques, ensuring high performing and controlled results are sustained.
- Deploy findings of analysis through effective presentation skills and use of influence.
- Deploy thorough controls that include not only well-developed countermeasures, but also detailed change control and backup documentation to ensure controls are understood and sustained.
The Skills You Bring
Minimum Qualifications
- 7+ years of relevant experience
- Bachelor's Degree in relevant field of study or equivalent
Preferred Qualifications
- 5+ years of work experience in Advanced Analytics role, using advanced data manipulation techniques to solve business problems
- Debit/Credit Card fraud experience
- Experience with Mastercard Visa disputes process
- Strong knowledge of and hands on experience with:
- Statistical and machine learning programming tools such as Python and R
- Data preparation programs such as SQL, SAS, and/or Python
- Data visualization skills through Power BI (Preferred) or Tableau.
- Ability to analyze complex data, deriving clear action-oriented recommendations for the business, and communicating insights clearly and concisely to individuals from diverse backgrounds.
- Comfort level with ambiguity and ability to manage multiple projects at the same time.
- Degree in Data Science, Analytics, Computer Science, Economics, Statistics, Mathematics, Engineering or similar field of study preferred
- Experience working in financial services industry, specifically in fraud prevention.
How We'll Have Your Back
Ally's compensation program offers market-competitive base pay and pay-for-performance incentives (bonuses) based on achieving personal and company goals. Our Total Rewards program includes industry-leading compensation and benefits plus additional incentives that are designed to meet your needs and those of your family so you can get the most out of your career and your life, including:
- Time Away: Program starts at 20 paid time off days in addition to 11 paid holidays and 8 hours of volunteer time off yearly (time off days are prorated based on start date and program varies based on full or part-time status and management level).
- Planning for the Future: plan for the near and long term with an industry-leading 401K retirement savings plan with matching and company contributions, student l