Senior Data Scientist, SoFi
Lending
$128-240k
+ Bonus + Long Term Incentives
Mobile & online personal finance services
Posted today
Mobile & online personal finance services
1001+ employees
Posted today
$128-240k
+ Bonus + Long Term Incentives
1001+ employees
Company mission
To help people reach financial independence to realize their ambitions.
Role
Who you are
- This role demands a strong technical foundation (SQL, Python/R, Tableau, Statistics), a deep understanding of business metrics, A/B testing, causal inference analysis, and exceptional collaboration skills
- Masters’ or above in quantitative areas: Statistics, Applied Mathematics, Economics, Computer Science, Engineering, or related field
- 5+ years of relevant experience leveraging data-driven analysis to influence key decisions, preferably in a Tech or Finance company
- Proven track record of being able to work independently, and proactively engaging with business stakeholders with minimal direction and drive measurable business impact
- Experience with using Airflow and DBT to build Data Pipelines in Snowflake
- Strong programming skills in SQL and Python
- Experience with building data visualizations with Tableau, Looker or other BI tools
- Knowledge of varied ML algorithms, applicability to different business problems, and experience in deploying ML models at scale in production with monitoring metrics
- Ability to work in a dynamic, cross-functional environment, with a strong attention to detail
- Effective communication and presentation skills and ability to explain complex analyses in simple terms to business leaders
- Strong relationship building and collaborative skills
- Exceptional problem-solving
What the job involves
- The Borrow Data Science team is seeking a Senior Data Scientist who will help support growth in our Lending businesses by improving SoFi’s ability to execute with data
- This is an exciting role for someone to leverage their analytical skills to create robust reporting, identify growth opportunities and insights, and build ML models using Snowflake, Airflow, dbt, and Sagemaker
- As a Senior Data Scientist, you will drive growth in our business by delivering high quality analytics to key stakeholders, through a clear and repeatable data informed approach
- You will help create a culture of strong technical ownership, documenting your approach and ideas to socialize, resulting in strategies that have a wide impact within the organization
- You will perform analytical deep-dives to proactively identify most impactful opportunities, and inform future experimentation design and product roadmaps
- In this role, you'll use your expertise in data analysis, statistical modeling, and machine learning to uncover insights that will directly influence product strategy and revenue growth
- Additionally, you are expected to work cross-functionally, including: engineering, product managers, lifecycle marketing, data science, design, operations, finance, risk, legal, compliance, and executive teams to set business objectives, define product strategy, prioritize features, and execute on them
- Identify high impact business opportunities to help members achieve their financial goals
- Develop and apply machine learning models to solve business problems
- Evaluate and interpret the results of data analysis
- Build strong relationships with stakeholders and present insights on a regular cadence communicating findings to both technical and non-technical stakeholders
- Design and implement data collection. Build data pipelines to deploy production level datasets
- Collaborate with cross-functional teams and business leaders to understand needs and offer data-driven solutions
Our take
SoFi started by offering ways for students to secure better financial terms on their loans, and now offers a huge range of personal finance products, including bank accounts, loans, mortgages, investment advice, and investment opportunities. Many customers find they have to go to multiple financial service providers to meet all their finance needs, but SoFi overcomes this issue by putting it all in one place.
Its goal, to cover all the financial bases, sets them apart from many of the traditional banks and even some of their digital competitors, such as Avant, which has chosen to focus on providing credit alternatives. Although it is operating in a competitive market with a lot of big players such as Monzo, Revolut, and Starling, the company has managed to raise huge amounts of funding to support its rapid expansion.
SoFi has focussed on global expansion, moving outside the US, and has made a series of acquisitions to support this - including a Hong Kong-based investment app called 8 Securities. After going public on the New York Stock Exchange via a SPAC merger in June 2021, the company has continued to evolve and release more mission-oriented services into its roster, and strengthened its lending capabilities through a $350 million post-IPO loan. To date, the company has sold over $15 billion in personal loan collateral and continues to strengthen its offering.
Kirsty
Company Specialist at Welcome to the Jungle
Insights
7% employee growth in 12 months
Company
Funding (last 2 of 9 rounds)
Jan 2021
$369.9m
LATE VC
May 2019
$500m
GROWTH EQUITY VC
Total funding: $2.7bn
Company benefits
- Comprehensive health, vision, dental, life insurance, and disability benefits
- Generous vacation and holidays
- Paid parental leave for eligible employees
- 401(k) and education on retirement planning
- Tuition reimbursement on approved programs, up to $5,250 per year
- 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
- Flexible time off
- Fertility and family planning options
- Free financial classes
Company values
- Put our member's interests first – if we take care of our members' interests, it will best serve our interests.
- Run after problems – we must build a culture of people who run after problems in order to ensure we execute with excellence and “things” do not fall through the cracks.
- Embrace diversity, everyone should feel welcome, included and able to contribute – diversity is a differentiator and our team should reflect society. We should continue to encourage and celebrate diversity.
- Get to the truth and make principle-based decisions – we can only make the best decisions if we have the right data, all of the perspectives, and if we align on the guiding principles.
- Make your footprint bigger than your foot – selfless acts are critical to elevate beyond the impact of our collective individual efforts.
- Do the right thing, if you're not sure, do the harder thing – our business is built on trust and integrity, which requires both adhering to the letter of the law and regulations and doing the right thing for the company and our members..
- Set ambitious goals, be gritty, be accountable - we must hold ourselves and others accountable for delivering our business objectives, for our culture, and for our member.
- Take care of other people and help them grow - our people are our greatest differentiator, if we take care of our people, they will take care of our members.
- Iterate, learn, innovate - we are all responsible for innovation and we must embrace data-driven decisions.
- Be SoFi missionaries - our products, our services, our brand, and our business must be durable over the long term to achieve our mission—be a missionary.
- Don’t forget to smile - our ambition is contagious: it makes us smile to see people inside and outside of SoFi succeed.
Company HQ
The East Cut, San Francisco, CA
Articles
Leadership
Anthony Noto
(CEO)Graduated from the U.S. Military Academy after being a telecommunications officer and captain in the U.S. Army. Has worked as Head of Gobal Telecommunications, Media and Technology at Goldman Sachs, been the COO of Twitter, and also the CFO of the National Football League.
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