Data Scientist, Wealthfront
Investing
$164-184k
+ Equity + Discretionary Bonus
Automated investment management
Open for applications
Automated investment management
201-500 employees
Open for applications
$164-184k
+ Equity + Discretionary Bonus
201-500 employees
Company mission
To build a financial system that favors people, not institutions.
Role
Who you are
- A Bachelor's degree in Computer Science, Statistics, Mathematics, Economics, Operations Research, or Natural Sciences with 4+ years of prior experience in a Data Science role. Exceptions to these requirements may be considered on a case-by-case basis
- Prior experience in financial services or knowledge of finance basics is helpful but not required
- Strong communication and collaboration skills and a record of partnering across organizations to sharpen project requirements. Sometimes this includes re-framing the original request to solve a more general problem with similar effort
- Hands-on mathematical and software engineering skills to execute on complex projects
- Proficiency in Python and SQL
- Desire and ability to mentor junior Data Scientists within the team by exemplifying math, engineering and technical communication skills
What the job involves
- The Data Scientist in this role will be primarily embedded within Wealthfront’s Investing area.
- The vision of this area is to enable our clients to confidently grow, preserve, and manage their wealth by making the most effective investing strategies more convenient, accessible, and affordable
- Analysis of client and prospect behavior such as funnel drop-off, cross-product-adoption, deposit patterns, asset allocation, and product usage
- Opportunity sizing for new products
- Creating dashboards to visualize and track product and area metrics
- Building pipelines to ingest and organize data
- Collaborating on blog posts discussing Wealthfront products and general investing
- Research and development of predictive models to forecast product interest and demand
- Formulate project plans with clear rationale, candidate approaches and milestones
- Employ a high degree of mathematical rigor and best practices for software development
- Collaborate with cross functional stakeholders to identify key initiatives for the Investing area and champion the role of Data Science within these initiatives
- Formulate project plans with clear rationale, candidate approaches and milestones
- Guide execution of project plans with a combination of delegation and hands-on work
- Interpret and contextualize statistical results for business stakeholders and help translate numbers into recommendations
- Enhance overall Data Science team execution through hands-on help, design feedback and peer review
- Identify and formulate steps to automate repetitive manual work (toil)
Our take
Wealthfront's platform takes the hassle and stress out of investing, financial planning, borrowing, and saving with automated services and financial advice. Its robo-advisor allows customers to set a financial limit on their accounts, anything above the limit is moved into an investment account or another account chosen by the customer.
Indeed, it has some similarities to round-up apps like Acorn, which round up purchases and put the spare change into savings. There are other companies working on robo-advisors too, such as Morgan Stanley and Betterment.
Nonetheless, with an impressive and steadily increasing list of clients, with more than $50B of assets under its management, Wealthfront achieved Unicorn status in September 2022. Wealthfront is diversifying its offerings, branching into high-interest checking accounts and investment advice.
Steph
Company Specialist at Welcome to the Jungle
Insights
-4% employee growth in 12 months
Company
Funding (last 2 of 6 rounds)
Jan 2018
$75m
SERIES E
Oct 2014
$64m
SERIES D
Total funding: $204.5m
Company benefits
- 401(k)
- Medical/Vision/Dental insurance
- HSA contributions for high deductible plans
- Discretionary time off policy
- 16 weeks of paid parental leave (both parents)
- Flexible working hours
- Monthly wellness reimbursement
Company HQ
University South, Palo Alto, CA
Leadership
Dan Carroll
(CSO)They studied Finance and Entrepreneurship at the University of Arizona before using this expertise to co-found Wealthfront in December 2008.
Andy Rachleff
(Executive Chairman)Prior to Wealthfront, they co-founded and was General Partner of Benchmark Capital, where they were responsible for investing in a number of successful companies including Equinix, Juniper Networks, and Opsware.
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