Data Scientist, Decision Sciences Group (Graduate Program) at Fifth Third Bank

Cincinnati, Ohio, United States

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Not SpecifiedCompensation

Entry Level & New GradExperience Level

Full TimeJob Type

UnknownVisa

Banking, FinanceIndustries

Requirements

Bachelor's degree in Statistics, Economics, Analytics, Mathematics, Computer Science, Information Technology or related field (advanced degrees preferred, but not required)
Typically minimum of 4-5 years work experience
Database and analytical experience required
Excellent written and oral communication skills
Ability to effectively manage time
Independent and highly self-motivated
Ability to communicate effectively
Strong PC skills including Microsoft Office (Word, Excel, Access, PowerPoint)
Authorized to work in the U.S. without the need for employment-based immigration sponsorship now or in the future

Responsibilities

Build large and complex information sets; integrate and extract relevant information from large amounts of both structured and unstructured data (internal and external) to enable analytical solutions
Conduct advanced analytics leveraging predictive modeling, machine learning, simulation, optimization and other techniques to deliver insights or develop analytical solutions to achieve business objectives
Develop and manage analyses and algorithms that generate actionable insights and programs to improve long-term revenue and relevance
Partner with key stakeholders to understand the underlying needs of the business and formulate, communicate and create buy-in for analytics approaches and solutions
Effectively communicate and translate business strategy and goals into manageable problems with well-defined measurable objectives and outcomes
Transform formulated problems into implementation plans for experiments by developing data sources, applying/creating the appropriate methods, algorithms, and tools, as well as delivering statistically valid and reliable results
Perform ad hoc reporting and analytics to support requests from the Bank's various lines of business
Provide input into the creation of detailed project plans, work assignments, target dates and other aspects of assigned projects
Perform data analysis, statistical analysis, and develop algorithms and methodologies on structured and unstructured data for on-demand and software-embedded use
Manage key analyses to drive more profitable business decisions and provide value-added analysis and recommendations to support business growth
Responsible and accountable for risk by openly exchanging ideas and opinions, elevating concerns, and personally following policies and procedures as defined; accountable for always doing the right thing for customers and colleagues, and ensuring actions and behaviors drive a positive customer experience; while operating within the Bank's risk appetite, achieve results by consistently identifying, assessing, managing, monitoring, and reporting risks of all types

Skills

Key technologies and capabilities for this role

Data AnalysisStatistical AnalysisPredictive ModelingMachine LearningSimulationOptimizationSQLPythonRAlgorithms

Questions & Answers

Common questions about this position

What education is required for the Data Scientist position?

A Bachelor's degree in Statistics, Economics, Analytics, Mathematics, Computer Science, Information Technology or related field is required, with advanced degrees preferred but not required.

What work experience is needed for this role?

Typically requires a minimum of 4-5 years of work experience, along with database and analytical experience.

What key skills are required for the Data Scientist role?

Required skills include excellent written and oral communication skills, ability to effectively manage time, independent and highly self-motivated nature, and strong PC skills including Microsoft Office (Word, Excel, Access, PowerPoint).

Is this a remote position or does it require office work?

This information is not specified in the job description.

What is the salary or compensation for this Data Scientist role?

This information is not specified in the job description.

Fifth Third Bank

Provides banking, loans, and wealth management services

About Fifth Third Bank

Fifth Third Bank offers a variety of financial services, including personal and business banking, loans, mortgages, credit lines, and insurance products. Their services cater to individual consumers, small businesses, and commercial clients, providing comprehensive solutions for managing finances. The bank generates revenue through interest on loans, service fees, and commissions from insurance and investment products. Unlike many competitors, Fifth Third Bank emphasizes community engagement and financial education, providing resources to help clients improve their financial literacy. The goal of Fifth Third Bank is to support clients in achieving their financial objectives while fostering a strong connection with the communities they serve.

Cincinnati, OhioHeadquarters

1858Year Founded

IPOCompany Stage

Social Impact, Financial ServicesIndustries

10,001+Employees

Benefits

Health Insurance

Paid Sick Leave

Paid Holidays

Performance Bonus

Flexible Work Hours

Risks

Rising interest rates may decrease demand for loans and mortgages.

Competition from fintechs like Robinhood threatens Fifth Third's wealth management sector.

Sophisticated cybersecurity threats pose risks to customer data and trust.

Differentiation

Fifth Third Bank offers comprehensive financial solutions for individuals and businesses.

The bank emphasizes community engagement and financial education for client empowerment.

It provides a wide range of insurance products, including life, health, and disability.

Upsides

Increased demand for digital banking boosts Fifth Third Bank's online service offerings.

Partnerships with fintech enhance technological capabilities and customer experience.

Growing interest in sustainable finance attracts environmentally conscious customers.

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