Sr Staff Data Scientist - Machine Learning-Model Development

SoFi; United States; On-site; USD 100,000 - 160,000; Full time

Job summary

Join a forward-thinking financial services company as a Sr Staff Data Scientist, where you'll leverage advanced machine learning to revolutionize credit risk management. Collaborate with cross-functional teams to design innovative solutions, mentor junior data scientists, and present impactful insights to leadership. This role offers a unique opportunity to shape the future of personal finance while driving significant business outcomes. Enjoy a dynamic work environment that values your contributions and supports your professional growth through generous benefits and a commitment to employee well-being.

Benefits

Competitive salary packages and bonuses

Comprehensive medical, dental, vision and life insurance

Generous vacation and holidays

Paid parental leave

401(k) and retirement planning education

Tuition reimbursement

Monthly student loan contribution

Telehealth parental support

Subsidized gym program

Qualifications

• 8+ years in loss mitigation and forecasting; advanced degree required.
• Strong programming skills in Python and machine learning methodologies.

Responsibilities

• Develop and implement machine learning models for loss mitigation.
• Lead and mentor junior data scientists in complex modeling solutions.

Skills

Machine Learning

Statistical Modeling

Python Programming

AI and AI Safety

Public Speaking

Data Storytelling

Mentoring

Education

Master’s or PhD in Statistics, Mathematics, Economics, Engineering, Computer Science

Tools

SQL

NoSQL

Hive

Job description

Employee Applicant Privacy Notice

Who we are:

Shape a brighter financial future with us. Together with our members, we’re changing the way people think about and interact with personal finance. We’re a next-generation financial services company and national bank using innovative, mobile-first technology to help our millions of members reach their goals. The industry is going through an unprecedented transformation, and we’re at the forefront. We’re proud to come to work every day knowing that what we do has a direct impact on people’s lives, with our core values guiding us every step of the way. Join us to invest in yourself, your career, and the financial world.

The role:

The Risk Data Science team is looking for a Sr Staff Data Scientist to develop advanced machine learning models, guide measurement, strategy, and data-driven decision making to support various credit risk areas at SoFi. The Sr Staff Data Scientist will work closely with Credit Risk, Product, Engineering teams to design solutions for loss mitigation and loss forecasting. These tasks involve researching and applying state of the art machine learning modeling methodologies to solve complex business problems. This role is very rewarding as your work will have a direct and immediate impact on the business’ profitability.

What you’ll do:

• Proactively identify opportunities and collaborate cross functionally to develop, implement, and continuously improve machine learning models and strategies that support various credit and operational procedures for loss mitigation and loss forecasting.
• Proactively identify opportunities to apply AI and advanced machine learning approaches to solve complex business problems.
• Evaluate alternative data sources and external vendor solutions by defining and driving proof of concept projects to demonstrate the solutions’ business values.
• Lead/mentor junior data scientists to develop and deploy complex modeling solutions from initial concepts to final deliverables.
• Explore and leverage in-house, external, and other open-source machine learning software/algorithms.
• Contribute in enhancing SoFi’s risk model development code base by developing customized Python scripts or packages.
• Collaborate with Model Risk Management team and Fair Lending team to demonstrate models are developed with high level rigor that satisfy Model Risk Management requirements, Fair Lending requirements, and other regulatory requirements.
• Spearhead model deployment by collaborating with cross functional teams including Credit, Product, Engineering, and Business Unit.
• Present model performance and insights to Credit, Risk, and Business Unit leaders.
• Investigate external data to identify trends in the market and industry.

What you’ll need:

• 8+ years of work experience in the related areas especially loss mitigation and loss forecasting with a Master’s or PhD degree in Statistics, Mathematics, Economics, Engineering, Computer Science, or a quantitative field.
• Excellent knowledge and experience of machine learning and statistical modeling methods for supervised and unsupervised learning. These methods include (but not limited to) regression, clustering, outlier detection, novelty detection, decision trees, nearest neighbors, support vector machines, ensemble methods and boosting, neural networks, deep learning and its various applications.
• Strong knowledge of AI and AI safety.
• 2+ years of experience in leading and mentoring junior data scientists.
• Strong programming skills in Python.
• Strong knowledge of databases and related languages/tools such as SQL, NoSQL, Hive, etc.
• Strong presentation skills: able to use data to tell a clear and compelling story; comfortable with public speaking across various forums, including regulatory examinations, and able to effectively and logically communicate when information is being challenged in an open forum.
• Ability and confidence to exercise influence over a wide range of individuals at different levels of technical and business leadership.
• Someone who is highly motivated and drives change, is eager to learn and able to work collaboratively in a complex and fluid environment.

Nice to have:

• Experience in communicating with OCC, Fed, and CFPB.

Why you’ll love working here:

• Competitive salary packages and bonuses.
• Comprehensive medical, dental, vision and life insurance benefits.
• Generous vacation and holidays.
• Paid parental leave for eligible employees.
• 401(k) and education on retirement planning.
• Tuition reimbursement on approved programs.
• Monthly contribution up to $200 to help you pay off your student loans.
• Great health & well-being benefits including: telehealth parental support, subsidized gym program.

*These benefits are only applicable to full time employees.

SoFi provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion (including religious dress and grooming practices), sex (including pregnancy, childbirth and related medical conditions, breastfeeding, and conditions related to breastfeeding), gender, gender identity, gender expression, national origin, ancestry, age (40 or over), physical or medical disability, medical condition, marital status, registered domestic partner status, sexual orientation, genetic information, military and/or veteran status, or any other basis prohibited by applicable state or federal law.

The Company hires the best qualified candidate for the job, without regard to protected characteristics.

Pursuant to the San Francisco Fair Chance Ordinance, we will consider for employment qualified applicants with arrest and conviction records.

Internal Employees: If you are a current employee, do not apply here - please navigate to our Internal Job Board in Greenhouse to apply to our open roles.