Data Scientist, Wealthfront
Marketing
$164-184k
Automated investment management
Posted today
Automated investment management
201-500 employees
Posted today
$164-184k
201-500 employees
Company mission
To build a financial system that favors people, not institutions.
Role
Who you are
- Master's or PhD degree in Computer Science, Statistics, Operations Research, or Natural Sciences, with 4-8+ years of prior experience as a Data Scientist
- Proficiency in Python and SQL
- A strong foundation in practical Statistics and machine learning
- Strong mathematical and software engineering skills
- Fluency in long and short form oral and written communication
- Ability to sharpen or reframe project requirements through effective collaboration
- Strong desire and ability to mentor junior Data Scientists by exemplifying math, engineering and technical communication skills
- Experience in a Marketing facing role preferred, but not required
What the job involves
- The Wealthfront Data Science team utilizes our rich financial and behavioral data to influence Marketing, Product and information security decisions
- The team draws from backgrounds in Computer Science, Natural Sciences, Statistics, Operations Research, Economics and Finance
- The Data Scientist in this role will be primarily embedded within Wealthfront’s Marketing team
- The Marketing team aims to acquire new clients and increase Wealthfront’s brand awareness through targeted advertising campaigns
- A key focus area for this role is understanding and quantification of our marketing's financial impact: what it costs to acquire customers and how quickly they become profitable (payback period)
- This means modeling, accurately and explainably, how market, demographic, and economic factors affect the cost and the profitability outcomes
- Your work will directly impact creation of efficient campaigns that hit our financial targets
- This role requires an advanced ability to translate economic problem statements into a mathematical framework, solve the resulting math problem, and communicate results to the team, highlighting insights and possible improvements
- An ideal candidate will also act as a mentor to junior team members and demonstrate an ability to explain technical concepts in a simple language
- Model the dependence of marketing costs on factors including marketing channel, geography, demographics, seasonality and macroeconomics (e.g. interest rates)
- Using statistical models to forecast revenue generation at different granularities (client-level, cohort-level, geo-level, quarterly, yearly etc) and by above demographic and economic factors
- Provide accuracy as well as explainability to cost and revenue forecasts; this might require building different models for the same outcome
- Create well-crafted and reusable libraries for statistical analyses and forecasting
- Collaborate with the Marketing team to define initiatives and experiments addressing marketing efficiency
- Articulate rationale, candidate approaches and milestones for projects
- Articulate technical information, including assumptions, methodologies, and outcomes to specialists across disciplines. Drive effective collaboration via clear presentations and shareable written docs
- Translate hunches to hypotheses and numbers into recommendations
- Absorb, articulate and influence marketing strategy
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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