Note: The job is a remote job and is open to candidates in USA. Prosper is a fintech company providing digital personal finance products, including personal loans and credit services. The Data Scientist will build and deploy machine learning models for credit and fraud risk, develop credit strategies, analyze portfolio performance, monitor production models, and support risk management and business decisions.
Responsibilities
- Build industry-leading machine learning models for managing credit and fraud risks. Collaborate closely with engineering to deploy models into a production environment
- Leverage complex data sources (e.g., credit bureau reports, customer-supplied information) at scale to develop credit and fraud strategies to improve the credit performance and optimize risk decisions
- Propose and execute strategic solutions to complex business problems, operating effectively within constraints and aligning with broader company objectives
- Analyze ad-hoc portfolio performance at a granular segment level on an ongoing basis. Identify trends and conduct root-cause analysis to isolate key performance drivers. Communicate findings and recommendations to the Risk Management and broader Prosper community
- Help the team develop internal tools and workflow solutions to increase data science productivity and operational efficiency
- Actively monitor credit risk models and strategies in production, extracting actionable insights to significantly impact key business metrics
- Assess the potential usefulness and validity of new machine learning algorithms and features sourced from diverse, alternative data providers
- Conduct high-impact, ad-hoc analyses supporting risk management, investor services, operations, and corporate development initiatives
Skills
- 2-3+ years of work experience in fintech, finance, or another high-impact field applying statistical and machine learning predictive techniques
- Expert knowledge of statistical programming languages (e.g., Python) and database languages (e.g., SQL)
- Solid understanding of coding best practices, model documentation, and ML ops principles
- Strong communication skills with the ability to translate complex technical subject matter into clear, actionable business strategies for cross-functional partners and senior management
- Strong ability to collaborate seamlessly with people across various functions (engineering, product, compliance) and build strong relationships
- Ability to work unsupervised in a fast-paced environment, effectively prioritizing among parallel technical and strategic projects
- Ability to innovate within regulatory guidelines with a strong commitment to reproducible research and model governance
- Self-motivated, results-oriented, enthusiastic, and a creative thinker who bridges the gap between data science and business strategy
- Consumer lending experience in unsecured personal loans or credit cards is a strong plus
- Advanced degree (M.S./Ph.D.) preferably in statistics, computer science, engineering, physical sciences, economics, or a related technical field
Benefits
- Remote work option, including fully remote team membership
- A 401(k) with a 5% company match
- Flexible time off
- Paid parental leave
- An annual wellness allowance
- Comprehensive health coverage
- Udemy access
- Childcare assistance
- Pet insurance
- Additional savings through Beneplace
- Digital-first tools and an intentional culture to keep remote team members synced and supported
Company Overview
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