Senior Data Scientist - Assistant Vice President New York, NY, United States

iCapital; Salt Lake City (UT); On-site; USD 130,000 - 170,000; Full time

Job summary

An established industry player is seeking a Principal Data Scientist to lead innovative AI initiatives. This role involves designing and deploying cutting-edge machine learning models that address complex challenges in investment management. Collaborating with a diverse team of engineers and business leaders, you will leverage your expertise in AI to drive transformational change. The position offers exposure to the latest technologies and a chance to make a significant impact in a dynamic environment. If you're passionate about advancing AI and want to work in a collaborative culture, this opportunity is perfect for you.

Benefits

Employer Matched Retirement Plan

Generously Subsidized Healthcare

100% Employer Paid Dental

Vision Insurance

Telemedicine

Virtual Mental Health Counseling

Parental Leave

Unlimited Paid Time Off

Qualifications

• 5+ years of experience in machine learning model development.
• Proficiency in Python and experience with TensorFlow or PyTorch.
• Strong problem-solving skills and effective communication.

Responsibilities

• Design and deploy advanced machine learning models.
• Analyze data to identify patterns for model design.
• Build and maintain RESTful APIs using Python and FastAPI.

Skills

Machine Learning

Python

TensorFlow

PyTorch

Data Analysis

API Development

Statistical Modeling

NLP Techniques

Problem-Solving

Communication Skills

Education

Advanced Degree in Quantitative Discipline

Tools

AWS

Git

SQL

NoSQL

Snowflake

Job description

New York, NY, United States

iCapital is powering the world’s alternative investment marketplace. Our financial technology platform has transformed how advisors, wealth management firms, asset managers, and banks evaluate and recommend bespoke public and private market strategies for their high-net-worth clients. iCapital services approximately $222 billion in global client assets invested in 1,778 funds, as of February 2025.

iCapital has been named to the Forbes Fintech 50 for seven consecutive years (2018-2024); a three-time selection by Forbes to its list of Best Startup Employers (2021-2023); and a four-time winner of MMI/Barron’s Solutions Provider award.

About the Role

iCapital's AI team is transforming the investment management industry by using the latest advancements in Artificial Intelligence. The Principal Data Scientist will play a key role in designing, developing, and deploying advanced machine learning models that solve some of the most challenging problems in the investment management industry. This individual will be a key leader in a highly collaborative environment that includes software engineers, data engineers, product managers, and business leaders. The ideal candidate will be able to learn, innovate, and build new technology that impacts an entire industry while getting exposure to the latest technologies and working for a market-leading firm.

Responsibilities

• Design, develop, train, test, and deploy advanced machine learning models as part of a leading team of engineers and data scientists.
• Partner with professionals throughout the company to identify opportunities to use AI to drive transformational change and translate needs into technical solutions.
• Analyze data using visualization, statistical modeling, and machine learning to formulate and test hypotheses and identify patterns for model design.
• Provide technical leadership for team members in the use of machine learning and the development and deployment of large-scale machine learning models.
• Build and maintain RESTful APIs using Python and FastAPI.
• Contribute to the improvement of Machine Learning Operations (MLOps) pipelines and procedures to ensure efficiency, scalability, and maintainability.
• Ensure the reliability, robustness, and scalability of machine learning models in production environments.
• Communicate with stakeholders, both technical and non-technical, and drive adoption of AI throughout the organization.
• Learn from peers, industry conferences, papers, and classes to increase advanced AI knowledge.

Qualifications

• 5+ years of experience in design, development, training, and deployment of machine learning models as a Machine Learning Engineer or Data Scientist
• Advanced degree in quantitative discipline such as computer science, mathematics, economics, engineering, or data science
• Deep understanding of the mathematics of and principles underlying machine learning
• Self-starter with a high level of maturity able to proactively solve problems, communicate with partners, and motivate others to achieve their best performance
• Proficiency in Python with experience that includes the use of TensorFlow or PyTorch and scikit-learn
• Experience building APIs and infrastructure for large scale machine learning applications using AWS
• Experience working with Large Language Models, such as GPT-4, Llama 3, and other commercial or open-source models
• Knowledge of NLP techniques, including text data preprocessing (tokenization, stemming, and text normalization, etc.) and information extraction (summarization, and question answering)
• Experience with software development best practices, including source control (Git), CI/CD pipelines, testing, and documentation
• Familiar with database integration principles and practices, including SQL and NoSQL databases and data warehouse solutions (such as Snowflake)
• Strong problem-solving skills and the ability to work independently and collaboratively in a fast-paced, agile environment
• Excellent communication skills and the ability to effectively articulate technical concepts to both technical and non-technical audiences
• Highly collaborative approach to problem solving and product development
• Strong drive to innovate and contribute to a highly collaborative, team-oriented culture

The base salary range for this role is $130,000 to $170,000. iCapital offers a compensation package which includes salary, equity for all full-time employees, and an annual performance bonus. Employees also receive a comprehensive benefits package that includes an employer matched retirement plan, generously subsidized healthcare with 100% employer paid dental, vision, telemedicine, and virtual mental health counseling, parental leave, and unlimited paid time off (PTO).

We believe the best ideas and innovation happen when we are together. Employees in this role will work in the office Monday-Thursday, with the flexibility to work remotely on Friday.

iCapital is proud to be an Equal Employment Opportunity and Affirmative Action employer. We do not discriminate based upon race, religion, color, national origin, gender, sexual orientation, gender identity, age, status as a protected veteran, status as an individual with a disability, or other applicable legally protected characteristics.