Senior Data Scientist, Abound
Offers Equity
2-5 days a week in office
Personal loans & SaaS credit decisioning platform
Job no longer available
Personal loans & SaaS credit decisioning platform
21-100 employees
Job no longer available
Offers Equity
2-5 days a week in office
21-100 employees
Company mission
To make affordable loans available to more people. We have built award-winning technology to look beyond credit scores and offer fair credit to people ignored by traditional lenders.
Role
Who you are
- You have an advanced degree (Master's or Ph.D.) in Data Science, Machine Learning, Statistics, or a related field
- You possess 3-5 years of experience in a data science role, preferably related to credit risk or finance
- You're proficient in SQL and Python
- You have a strong background in statistical modelling, machine learning algorithms, and data mining techniques (NLP is a plus)
- You're passionate about leveraging AI and data to improve financial inclusion and access to fair credit
- You have excellent communication skills and can translate complex data insights for both technical and non-technical stakeholders
- You're adaptable, innovative, and thrive in a fast-paced, high-growth environment
- Experience with AWS is a plus
What the job involves
- The data science team, currently 8 members, focuses on pricing, classification of open banking data and credit decisioning. All data scientists actively contribute to building Render, by being embedded in the tech team
- Develop implement and maintain advanced AI and machine learning models to improve credit decisioning, risk and affordability assessments
- Analyse large datasets of Open Banking data to extract insights on customer financial behaviour and affordability
- Take ownership and collaborate with cross-functional teams to transform data insights into pioneering solutions, addressing complex technical challenges that set new industry standards and drive product strategy and growth
- Design and implement scalable data analytics infrastructure to support Abound's rapid growth
- Contribute to the development and refinement of the Render technology platform
- Mentor junior data scientists and support their professional development
- Stay abreast of industry trends in AI, machine learning, and fintech to drive innovation
Salary benchmarks
Our take
Borrowers in the UK have been consistently over-charged in recent years, with lenders rejecting requests mostly on the basis of poor credit histories. Through Open Banking, Abound (formerly Fintern) is working to build a different approach that evaluates live transaction data, usually ignored by traditional lenders, in order to offer loans at more favourable prices.
Traditional banks are also slowly starting to use Open Banking data for income verification while other emerging firms, like Abound, are using it to support underwriting decisions. The company's technique allows it not to exclude people with limited or poor credit history and, instead, aims at defining a repayment plan that borrowers can realistically sustain over time.
A forward-looking approach is strongly needed in the lending industry, with the main improvement being the consideration in lending decisions of each customer's current circumstances and recent history. The challenge for Abound in the near future is to effectively exploit machine learning, technology and Open Banking Data while differentiating from the rest of the industry with its own customer-centric approach.
Freddie
Company Specialist at Welcome to the Jungle
Insights
Company
Employee endorsements
Intelligent people
"Everyone at Abound is focused on innovating and always willing to experiment new approaches and ideas. It makes the environment very stimulating."
Company benefits
- Everyone owns a piece of the company 📈Equity
- 25 days’ holiday a year, plus 8 bank holidays
- Save up to 60% on an electric vehicle through our salary sacrifice scheme with Loveelectric
- We offer all employees an affordable loan of up to £10k. The amount you can borrow may vary slightly, depending on your personal situation.
- Regular team lunches and events
- We invest in your training to help you grow in your career. Learn a new programming language. Sharpen those communication skills
- Free gym membership at the Circle Gym & Spa
- Free breakfast and snacks in the office. We’ll even cover your dinner if you’re working late
- Birthday cakes in the office
- Team wellness budget to be active together - set up a yoga class, a tennis lesson or go bouldering
- 2 paid volunteering days per year to all employees with the company charity - Spread a Smile
Company values
- Our customers come first
- We are all owners
- We move fast but thoughtfully
- We win as a team
Company HQ
St Katharine's & Wapping, London, UK
Leadership
Gerald Chappell
(CEO)Ex-Partner at McKinsey and EY. After leading McKinsey’s Digital Lending practice globally, they got frustrated with how slow banks were at adopting AI and new technology - it was time for a change.
Dr. Michelle He
(COO)Ex-Director at EY with a PhD in Machine Learning. 15 years of experience in financial services convinced them that another way of doing credit was possible.
Diversity, Equity & Inclusion at Abound
Dr. Michelle He (Co-founder and COO)
- We've always wanted to build the best possible team, regardless of accent, gender or background. Our team at Abound is diverse at every level. We help each other and work as a team to achieve our shared mission.
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