Staff Data Scientist, Robinhood
Brokerage
$190-255k
+ Equity + Bonus. Salary dependent on location
Commission-free stock trading platform
Be an early applicant
Commission-free stock trading platform
1001+ employees
Be an early applicant
$190-255k
+ Equity + Bonus. Salary dependent on location
1001+ employees
Company mission
To democratize finance for all.
Role
Who you are
- This position requires proven experience in statistical modeling and optimization theory
- Prior experience in finance and market behavior is preferred
- PhD in a quantitative field such as Mathematics, Statistics, or Engineering with 5+ years of relevant work experience, or a Master’s degree with 7+ years of relevant work experience
- Proven experience applying game theory, market microstructure analysis, or auction theory in a practical setting
- Proficiency in data analysis tools and programming languages such as Python, R, SQL, and machine learning frameworks
- Proficient knowledge of FINRA best execution rules and their application in the market
- Experience with financial data platforms and market data APIs
- Strong grasp of statistical methods, predictive modeling, and optimization algorithms
What the job involves
- We are seeking an experienced Data Scientist to join our Brokerage team
- In this role, you will be responsible for strengthening our routing strategy and driving excellence in our trade execution
- Develop, refine, and implement sophisticated data models to analyze large datasets, with a focus on market structure and order routing optimization
- Apply concepts from game theory and auction design to understand competitive behavior, pricing dynamics, and strategic decision-making in the markets
- Collaborate with trading teams to design, test, and improve algorithms that optimize trade execution
- Conduct post-trade analysis to evaluate performance against internal and industry benchmarks, resulting in recommendations for improvements
- Partner with traders, strategists, and software engineers to translate business needs into data-driven solutions and present insights to stakeholders
Our take
For years, traditional brokers ruled the share trading realm, charging hefty fees that locked out everyday investors. Robinhood emerged as a disruptor, offering commission-free trading and opening the door to a new generation. Its innovative model thrives on premium features like increased buying power and extended trading hours, attracting a younger audience drawn to meme stocks like AMC and GameStop.
But Robinhood's not just about quick thrills. The company claims its mission lies in catering to "the unmet needs of the next generation," evidenced by its "Robinhood Retirement" launch, targeting gig-economy workers often excluded from financial planning. This commitment to accessibility aligns with its core values.
However, 2023 brought unexpected turbulence, as Robinhood became entangled in the FTX cryptocurrency exchange bankruptcy scandal when it emerged that the US Department of Justice seized hundreds of millions of dollars of the company's shares tied to FTX founder Bankman-Fried. Despite these challenges, Robinhood successfully bought back the missing stock, and its impact on democratizing finance remains undeniable.
Kirsty
Company Specialist at Welcome to the Jungle
Insights
Some candidates hear
back within 2 weeks
39% female employees
-23% employee growth in 12 months
Company
Funding (last 2 of 13 rounds)
Feb 2021
$2.4bn
CONVERTIBLE
Jan 2021
$1bn
LATE VC
Total funding: $5.6bn
Company benefits
- Well-being - Premium medical, dental, and vision insurance
- Family & home life - Parental leave, personal prosperity benefits
- Comfort & care - Annual lifestyle stipend
- Office life - Catered meals and fully stocked kitchen, commuter benefits
- Growth - Education and training, community events, career mentorships
Company values
- Safety First: Robinhood is a safety-first company
- Participation is Power: At Robinhood, the rich don’t get a better deal
- Radical Customer Focus: We exist to make our customers happy
- First-Principles Thinking: We make bold bets and challenge the status quo
Company HQ
Downtown Menlo Park, Menlo Park, CA
Articles
Leadership
Vlad Tenev
(Co-Founder)Studied Mathematics at Stanford University, where they met their fellow co-founder. Dropped out of a PhD to start Robinhood.
Baiju B.
(Co-Founder)Studied Mathematics and Physics at Stanford University, where they met their fellow co-founder.
Salary benchmarks
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