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Who we are:
Shape a brighter financial future with us.
Together with our members, we’re changing the way people think about and interact with personal finance.
We’re a next-generation financial services company and national bank using innovative, mobile-first technology to help our millions of members reach their goals. The industry is going through an unprecedented transformation, and we’re at the forefront. We’re proud to come to work every day knowing that what we do has a direct impact on people’s lives, with our core values guiding us every step of the way. Join us to invest in yourself, your career, and the financial world.
The role:
We are looking for a Data Scientist and/or Machine Learning model developer to join our Fraud Model Development Team. This team member’s responsibilities include model development and performance monitoring supporting data-driven decision-making in partnership with our Fraud and Risk management teams. The Data Scientist will play a key role in developing Fraud models to reduce loss, minimize false positives and ultimately help SoFi protect our members. These models will apply to all SoFi products and services including Personal Loans, Student Loans, Credit Cards and Crypto.
The Staff Data Scientist will contribute to the performance analysis of SoFi products using empirical measurements, develop quantitative and machine learning models to minimize Fraud losses and provide insights on the drivers for losses. She/He will also collaborate with the Business Units, Finance, Accounting, Operations and Fraud Risk groups. This position requires knowledge of data analytics and modeling using Python and machine learning/analytical packages as well as strong problem solving skills. The ideal candidate should have hands-on knowledge on common Fraud reduction methodologies and excellent knowledge of data science, statistical methodologies and machine learning models (e.g. linear regression, logistic regression, decision trees, gradient boosting, random forests, neural network, clustering analysis etc.).
By joining SoFi, you'll become part of a forward-thinking company that is transforming financial services for the better. We offer the excitement of a rapidly growing startup with the stability of an industry leading leadership team.
What you’ll do:
The Data Scientist will help SoFi develop better data driven modeling solutions by:
- Developing quantitative/machine learning models to reduce Fraud losses, and OpEx related to supporting Fraud complaints and disputes
- Aggregating and synthesizing datasets from multiple data environments
- Analyzing complex datasets to understand the performance and drivers for losses across various products
- Investigating external risk data to identify trends in the market and industry
- Conducting loss sensitivity analysis
- Automating models and analytical dashboards
- Monitoring the models’ performance and re-calibrating the models as needed
- Working with Business Units, Operations, Product, Capital Markets, Finance, Accounting and Risk partners to ensure correct loss expectations and trend of losses are communicated effectively and executed appropriately
What you’ll need:
- 5+ years of loss forecasting experience and/or a Master’s or PhD degree in Statistics, Mathematics, Economics, Engineering, Computer Science, or a quantitative field
- Proficient in Python, SQL & Tableau
- Experienced in model development and data analysis with deep knowledge of data science, statistical methodologies and machine learning models, e.g. linear regression, logistic regression, decision trees, gradient boosting, random forests, neural network, clustering analysis etc.
- Hands-on knowledge on common loss forecasting methodologies
- Someone who is highly motivated and drives change, is eager to learn and able to work collaboratively in a complex and fluid environment
Nice to have:
- Familiarity working with graph databases
- Experience with developing and productionizing models in the AWS environment a plus
What the Team is Saying
What We Do
SoFi wasn’t built to be a bank. Or a technology company. We were built for one mission: help people achieve financial independence so they can realize their ambitions.
Redefining an entire industry isn’t easy work—and it’s not for the faint of heart. It takes a certain kind of team. People with diverse perspectives and expertise, united by a common sense of purpose. People willing to challenge assumptions but always do the right thing. People proving that innovation and responsibility don’t have to compete, but can come together to create something truly unconventional in the world.
For the last eight years, we’ve been charting this new path forward. We call it The SoFi Way.
At SoFi, we don’t just talk about culture: we live it. The SoFi Way is how we show up every day, how we make decisions, and how we build for our members, clients, and each other.
Why Work With Us
Together with our members, we’re changing the way people think about and interact with personal finance. We’re a next-generation Fintech company using innovative, mobile-first technology to help our members reach their goals. The industry is going through an unprecedented transformation, and we’re at the forefront.
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Employees engage in a combination of remote and on-site work.
For the majority of our workforce who work on a hybrid schedule, the in-office requirement is a handful of days per month!
