Principal Data Scientist Office location: Basel Department: Banking Unit: Banking IT Service: Employment - Duration: 3 years Contract type: Fixed-term FTE%: 100 Application Deadline: 11/03/2024

Description

The Bank for International Settlements (BIS) is hiring a Principal Data Scientist to join our Customer & Asset Management Applications team in the Banking department.

The role is based in Basel, Switzerland, however, thanks to our status as an international organization, we can hire globally and welcome applications from candidates of all nationalities located anywhere in the world. Relocation support is available for the successful candidate and their dependent family members.

Purpose of the job:

Through a combination of business and technical expertise, to perform and enable advanced analytics involving Banking data products.

By joining the team, you will:

• collaborate closely with business areas (e.g. Middle Office) to understand their data needs and support them in a forward-looking manner, e.g. proposing new technologies and techniques.
• work with a truly international team of professionals with a diverse set of personal and professional backgrounds and experiences.
• benefit from the flexibility of hybrid working with a balance of home office and onsite work from our central office in Basel.

  Principal accountabilities:

  • Collaborate with Banking IT management to define the data management and science strategy aligned with overall business objectives.
  • Develop and implement a roadmap for advanced analytics and machine learning initiatives.
  • Conduct in-depth data analysis, including feature engineering and model evaluation.
  • Perform business analysis and data modelling using deep domain knowledge to shape data products.
  • Design and implement machine learning models to solve business problems.
  • Collaborate with cross-functional teams, including business leaders, engineers, and analysts within Banking and in other IT organisations across the Bank.
  • Communicate complex technical concepts and findings to non-technical stakeholders.
  • Lead research initiatives to explore new data sources, algorithms, and technologies.
  • Keep up-to-date with major technology trends relevant to the business area for input into IT strategy.
  • Liaise with external suppliers and be involved in negotiations as well as definition of terms for provision of their services.
  • When necessary, lead a project team and ensure that team objectives are met. Coach and train team members.
  • May be required to be a Product Owner/Manager. Provides strategic direction and takes responsibility for the product delivery and stakeholder management.
  • Maintains overview of their broad technological expertise, including market trends, or changing business needs of Banking. Represents Banking in Bank-wide IT projects / committees.
  • Ensures adequate interaction with the relevant groups in ITS and Corporate Security with regard to system design, integration, standards and change management. Develops and maintains good relationships with peers of IT service providers, consultants, central banks, and other institutions. Represents the BIS in external events.
  • Deputise for the Head of the team on operational matters in their absence.

    Qualifications, skills, and experience:

    • University degree in computer science, information management, statistics, business or related field.
    • Strong work experience in data science, machine learning or predictive modelling and working with business users in Financial institutions.
    • Good programming skills in one or more programming languages, e.g. Python, R.
    • Excellent knowledge of the Banking business, financial instruments and ideally Asset Management.
    • Very good writing skills including the ability to write system and user documentation in English.
    • Experience working in an agile, DevSecOps environment utilising CICD and continuous improvement and close collaboration.
    • An excellent team player with good communication and interpersonal skills. Comfortable liaising with and engaging staff across the organisation at all levels.
    • A hands-on, practical approach.

      Who we are:

      The Bank for International Settlements is a diverse organization with colleagues from over 60 countries. By joining us in the international city of Basel, you will work in a unique, highly rewarding, and international work environment. We truly value diversity and inclusion and want to reflect the world we serve. We want the best people to work for us in an inclusive environment so welcome applications from all qualified candidates. At the BIS, we value equality and diversity in all its forms and one way we support diversity and inclusion is through our staff-run networks. You can discover more about diversity at the BIS here.

      What the BIS offers:

      We want your time at BIS to be a rewarding and career-enriching experience. We offer an agile and flexible working environment with hybrid working opportunities including home office and working from abroad days. To support our international applicants, we offer relocation support that extends to your dependent family members. In addition, thanks to our ongoing commitment to diversity and inclusion, we offer a competitive compensation and benefits package, including support for working families including childcare and education allowances (where applicable). Finally, we offer a genuinely unique international working environment, which will give you exposure to the global financial system and the opportunity to collaborate with passionate experts from all over the world.

      We strive to ensure that individuals are provided reasonable accommodation to participate in the application or interview process, and to perform essential job functions. Should you wish to request accommodation, support in completing this application or participating in the application process, then please reach out to the recruitment team at staffing@bis.org.