Senior Data Scientist, New to Credit

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The role

SoFi’s Credit team manages credit risk activities for our lending products (Student Loan Refinance, Private Student Loan, Personal Loan, Credit Card, and Mortgage) - including credit strategies/policies for new account origination and portfolio management, collections/recovery strategies, and risk and operational data science and analytics. The team designs data-driven strategies to ensure the growth in lending is consistent with the company’s risk appetite and helps create the products and experiences that put our members’ interests first.

The Senior Credit Risk Analyst / Senior Data Scientist - Credit Card Acquisitions will have responsibilities to analyze and evaluate data to develop and propose value-added risk strategies for SoFi Credit Card new account originations.She/he will focus on developing underwriting strategies for multiple risk segments including prime, near-prime and new-to-credit and thin-file. She/he will be part of the Credit team with 1LOD responsibilities. This role is inherently cross-functional. The role will partner with business partners such as Business Unit, Product and Engineering, Operations and use the business knowledge and analytical skills to drive revenue, control risk, and provide value to the company and consumers.

The ideal candidate will possess a quantitative analytics background and the strategic acumen to draw strategic insights from data using database and statistical analysis tools to inform decisions. She/he will support SoFi Risk Management objectives for SoFi Credit Card business in terms of loss prevention and revenue optimization. She/he will bring new ways of thinking, data sources, technologies, and capabilities to SoFi. This role reports to the Director of Credit Card Risk Management. 

 

What you’ll do:

• Innovate… Bring your brightest ideas to building risk strategies. You will architect credit underwriting, pre-screen targeting, A/B testing and credit limit assignment strategies.  

• Data Driven… Your deep analysis will power the future of credit card, using a comprehensive data ecosystem – including multi-product internal data, credit bureaus and alternative data.  

• Iterate, learn, innovate… We are all responsible for innovation and must embrace data-driven decisions. Seek to drive continuous improvements in strategies and processes

• Collaborate… Work collaboratively with the Data Science team to design new machine learning models. Partner closely with implementation teams to accurately deploy new strategies. Work with other business partners across Business Unit, Operations, Marketing, Finance, Legal and Compliance etc. to deliver successful business results. 

• Control the Risk and Drive Performance Outcomes … Understand credit risk and develop approaches to mitigate loss and responsibly grow revenue. Monitor performance of strategies and portfolios. Document and communicate results and escalate issues as necessary. Identify gaps/opportunities and drive actions.  

• Grow, Grow, Grow!… Be inspired by dynamic leaders and our rapidly growing business.  We want YOU to be an inspired leader of tomorrow, so we are recruiting the best, brightest, and passionately quantitative team members

What you’ll need:

• Experience in credit risk strategy development and consumer credit analytics. 4+ years of related experience with a Bachelor’s degree; or 2+ years of related experience with a Master’s or PhD degree

• Proven analytical skills in conducting sophisticated analysis using customer performance data, bureau attributes, and other 3rd party variables to solve business problem

• Demonstrated ability to synthesize and communicate analysis results to peers and senior management, including ability to draft sound business proposal presentations 

• Proficiency in SQL and Python coding for data analysis

• Proficiency in using