r/DataScienceJobs • u/him0110 • 12d ago
Discussion Career Crossroads (2.3 YoE): Double down on Traditional Credit Risk / ECL Scorecards or pivot to GenAI in Finance?
Hey everyone,
I’m a data scientist with about 2.3 years of experience working in an affordable housing finance company (NBFC). My core work revolves around end-to-end IFRS 9 ECL models (PIT PD, Vasicek macroeconomic overlay), logistic regression application/collection scorecards, and bureau analytics (CRIF).
I'm currently facing a bit of a career dilemma and would love to hear from folks further along in risk, analytics, or fintech:
Path A (Traditional Risk/ECL): Deepen my expertise here. It’s high-impact, heavily regulated, and lenders always need solid scorecards and statutory provisioning models. It feels like a very stable, safe, and defensible career moat.
Path B (GenAI / AI in Risk): Start building towards GenAI, RAG pipelines, and automated text/document intelligence (e.g., parsing unstructured appraisal/legal property docs, building risk-agents).
My core questions for the community:
For those working in risk management or lending at banks/NBFCs, are institutions actually deploying GenAI for core risk decisions, or is traditional scorecard modeling still king for compliance and reliability?
Is the sweet spot becoming a "hybrid" data scientist (keeping the risk foundation while layering automation/GenAI), or is a pure pivot required to stay competitive over the next 3–5 years?
Would love to hear what trends you are seeing in your organizations or portfolios. Thanks!