Senior Data Scientist, Step
Stock available
Mobile banking for teens
Open for applications
Mobile banking for teens
201-500 employees
Open for applications
Stock available
201-500 employees
Company mission
To create a bank that gives users the tools to become smarter with their money and reward them along their financial journey.
Role
Who you are
- 5+ years experience in Data Science or ML Engineering
- A graduate degree in statistics, economics, applied mathematics, computer science, physical sciences, or a similar technical field
- Proficiency in SQL and Python
- Ability to communicate clearly with both technical and non-technical audiences
- Excellent data analysis skills
- Experience developing and deploying machine learning models
- Experience, but not required, in working in financial systems, including lending or risk/fraud
What the job involves
- Step is looking for an experienced Data Scientist to build and deploy Machine Learning models for all things Risk and Fraud
- Build and Deploy ML Models: You’ll design, develop, and deploy machine learning models to enhance our Risk and Fraud detection systems. These models protect Step and our customers from fraud and financial loss
- Lead Technical Efforts: You’ll take the lead in the Risk/Fraud area, providing technical direction and helping shape team’s strategy
- Data Manipulation: You’ll use SQL to efficiently fetch, transform, and manipulate data, ensuring it’s ready for model development
- Code Development: You’ll write production-grade code to deliver robust machine learning solutions
- Design Experiments: You’ll apply statistics to guide experiments, determine appropriate sample sizes, and evaluate model performance
- Cross-Function Partnership: Parter with Operations Team to quickly respond to rapidly evolving events
Our take
Thanks to an increasingly mobile-native and plugged-in younger demographic, fintechs have a new market to play for: children and young adults. It’s led to a fierce competition, but Step is one of the players leading the pack.
Step’s offering is a fee-free, interest-free visa card, with instant payments and easy account management that is optionally controlled by a parent (or sponsor). The idea is to offer a relatively low-risk sandbox in which teens can build up financial literacy along with a good credit score, whilst enjoying the benefits of digital banking.
The well-funded teen banking service Copper is hot on Step’s heels, however, with both racing to add high-demand stock and crypto investments to their offerings. Onu and Acorns also offer investment opportunities for younger users, and Greenlight has carved out a strong (albeit more traditional) niche focusing on account security.
Some savvy TikTok marketing by Step, along with flashy backing from celebrity investors, has helped it rapidly onboard over 3 million users and cultivate strong name brand recognition among its social network-native demographic. Much depends on how fast it can bring new features to market, but with unprecedented funding awarded to Step in 2022, Step is well equipped to do so through a scale-up of its product infrastructure.
Freddie
Company Specialist at Welcome to the Jungle
Insights
Few candidates hear
back within 2 weeks
10% employee growth in 12 months
Company
Funding (last 2 of 4 rounds)
Apr 2021
$100m
SERIES C
Dec 2020
$50m
SERIES B
Total funding: $176.3m
Company benefits
- 100% paid Medical and Dental Benefits
- 401k Retirement Plan
- Catered Meals and Fully Stocked Kitchen
- Competitive Salary and Monthly Step Card Stipend
- Flexible WFH and Vacation Policy
- Stock Options
Company values
- Customer first - Build products that better our customer’s financial journey, always putting them and their security first
- Trustworthy - Honest, trustworthy and fair. Strong moral principles. Be accountable
- Driven - Move forward quickly with precision and purpose. Be disciplined. Iterate and improve
Company HQ
Downtown North, Palo Alto, CA
Articles
Leadership
CJ MacDonald
(CEO)Originally worked in senior Sales and Business Development roles at Synapse, LiveOps, and Luminate, the latter of which was acquired by Yahoo. Subsequently co-founded Gyft, ultimately acquired by First Data.
Alexey Kalinichenko
(CTO)Previously a Software Engineer at Microsoft and Google, before moving into a Senior Engineer role at Square. Left to serve as CTO for Token.
Salary benchmarks
We don't have enough data yet to provide salary benchmarks for this role.
Submit your salary to help other candidates with crowdsourced salary estimates.
Share this job
View 7 more jobs at Step