DescriptionBMW Financial Services NA, LLC is one of the twenty-six worldwide subsidiaries of the Financial Services Division of BMW AG. Our momentum is moving at such a rapid pace that we continually exceed average international growth rates and we constantly create new opportunities for our employees worldwide. Be a part of our exciting growth by expressing interest in our Data Scientist position located at our Woodcliff Lake, NJ office. As the Data Scientist you will lead predictive analytics activities within the Risk Strategy Group, including all statistically based modeling and methodology selection with focus on residual setting and expected loss forecasting within. You will cultivate knowledge and understanding of statistics within all risk management areas. Serve as a subject matter expert for the Risk Group as well as all BMW FS in matters of data analytics methods and approaches. You are responsible for model governance framework. You will define and maintain model governance framework for all risk related models. This includes leading predictive analytics efforts as they relate to model development, validation, back testing and stress testing responsibilities documentation as well as frequency of specific activities with the consideration of BMW HQ guidelines. You will oversee the development, monitoring, and enhancement to residual loss reserve models (including lease return volume) and residual setting models. As well as assure that these models are appropriately documented, maintained, validated and updated as needed. You will constantly question and enhance status quo to predict the future with latest available intelligence. You are also responsible for communicating statistical concepts and their implementation into models to various business stakeholders and partners. In addition, you will be responsible for suggesting improvements and enhancements to central models in order to reflect market risk more accurately. You will lead and manage information technology initiatives within the Risk Management group by participating various data collection and analysis projects. Join the BMW Financial Services team and enjoy a high-performance benefits package which includes: Company paid medical, dental and vision insurance Employee car program 401(k) savings plan Retirement Income Account (RIA) Even more so than the generous compensation and benefits, the culture and values of BMW Financial Services make it the ultimate working environment. These values include such things as, Responsibility, Appreciation, Transparency, Trust, and Openness. We allow these values to guide the way we conduct ourselves and our business. What are you waiting for? Put yourself in the driver's seat of your career and apply for our Data Scientist position today! Qualifications and ExperienceMinimum Requirements: Bachelor's Degree in Finance or other Quantitative discipline 5-7 years use of data acquisition, analysis and reporting tools and experience with their use on large relational databases (SQL experience a plus) 3-5 years experience in Consumer Finance, Banking or Automotive Industry 5-7 years experience with MS Excel, Word, and PowerPoint Demonstrated proficiency in predictive analytics, communicating results, and applied statistics. Technical SAS knowledge (or similar software) Preferences: Masters Degree in Business Administration or Economics, with mathematical or statistical background or equivalent knowledge Automotive Lending experienceSalary Range: NAMinimum Qualification5 - 7 years Associated topics: business, capital, commission, consultant, credit, market, estate, gs 0110 12, investment, pricing
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