Principal Data Science Consultant - Financial Services Expertise

EPAM
Manchester
7 months ago
Applications closed

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As one of the world's leading digital transformation service providers, we are looking to enhance our Data Practice across Europe to meet the increasing client demand for our Data Science and AI services. We are seeking a highly skilled and experienced

Data Science Consultant

to join our team.

The ideal candidate will have a strong background in data science, analytics, IT consulting, and domain expertise in financial services. As a Data Science Consultant, you will work closely with clients to understand their business challenges, design and implement data-driven solutions, and provide actionable insights that drive business value. Your ability to address challenges specific to financial services, such as risk modeling, fraud detection, and regulatory compliance, will be a critical asset.

#LI-DNI

Responsibilities

Support financial services clients with the definition and implementation of their AI strategy, focusing on areas such as risk management, customer analytics and operational efficiency
Implement and oversee AI governance frameworks, with an emphasis on regulatory compliance (e.g., Basel III, GDPR) and ethical AI principles
Ideate, design and implement AI-enabled solutions for financial services use cases, such as credit scoring, fraud detection, customer segmentation and predictive modeling
Lead the process of taking AI/ML models from development to production, ensuring robust MLOps practices tailored to financial data environments
Monitor and manage model performance, including addressing issues related to explainability, data drift and model drift in financial models
Collaborate with risk, compliance and legal teams to navigate financial regulations and ensure models meet stringent industry standards
Engage with senior executives, effectively communicating AI opportunities, risks and strategies in accessible terms, particularly in the financial services context
Maintain up-to-date knowledge of industry trends, emerging technologies and regulatory changes impacting AI/ML in financial services
Support pre-sales activities, including client presentations, demos and RFP/RFI responses tailored to financial services prospects
Requirements
Bachelors or Masters degree in Data Science, Computer Science, Statistics, Mathematics, Finance, Economics or a related field
5+ years of experience in data science, analytics or related roles within the financial services industry or IT consulting for financial institutions
Strong communication skills, comfortable presenting to senior business leaders in banking, insurance or investment firms
Proven experience in financial services data science projects, such as credit risk modeling, anti-money laundering (AML) systems or algorithmic trading models
Familiarity with key financial industry regulations, such as Basel III, Solvency II, MiFID II or the EU AI regulatory framework
Deep understanding of LLMs and their application in areas like financial document analysis, customer service chatbots or regulatory reporting
Expertise in fraud detection techniques, anomaly detection and compliance analytics
Strong understanding of ML Ops principles and experience in deploying and managing AI/ML models in financial systems
Proficiency in Python and familiarity with AI/ML tools and platforms such as Azure, AWS, GCP, Databricks, MLFlow, Airflow and financial-specific platforms like Bloomberg Terminal, SAS, or MATLAB
Experience with structured and unstructured financial data, including time-series analysis, market data and transactional data
Ability to articulate complex AI risks and strategies to non-technical stakeholders, including senior executives in banking and insurance
Nice to have
Ph.D. in Data Science, Computer Science, Statistics, Mathematics, Finance, Economics or a related field
Expertise in stress testing models, scenario analysis and portfolio optimization
We offer
EPAM Employee Stock Purchase Plan (ESPP)
Protection benefits including life assurance, income protection and critical illness cover
Private medical insurance and dental care
Employee Assistance Program
Competitive group pension plan
Cyclescheme, Techscheme and season ticket loans
Various perks such as free Wednesday lunch in-office, on-site massages and regular social events
Learning and development opportunities including in-house training and coaching, professional certifications, over 22,000 courses on LinkedIn Learning Solutions and much more
If otherwise eligible, participation in the discretionary annual bonus program
If otherwise eligible and hired into a qualifying level, participation in the discretionary Long-Term Incentive (LTI) Program
*All benefits and perks are subject to certain eligibility requirements

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