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Data Scientist, Credit Modeling - Full-time Remote, US Time Zone

Almond FinTech

Almond FinTech

Data Science
Posted on Tuesday, September 5, 2023

Role Summary

As a Data Scientist for the Almond Credit product, you will drive projects and solutions from start to finish. You will be responsible for building Almond’s alternative psychometric credit scoring model using historical and real-time data, as well as for building out the team. We are looking for someone who is self-motivated, and interested in using their quantitative skills to advance a mission of financial inclusion. This role will be client facing at times, so strong communication skills and willingness to work cross-functionally are a must.

Responsibilities
  • Develop credit risk models for underwriting consumers with and without credit scores using Almond’s psychometric data
  • Obtain and conduct QA/QC on all data required for Almond credit model development
  • Develop segment and/or account level credit models
  • Perform all required tests (e.g. sensitivity and back-testing)
  • Validate/recalibrate all models periodically to incorporate latest data. Redevelop as needed.
  • Produce comprehensive model documentation
  • Work closely with cross functional teams to address business problems, including our psychometrics team and ad-hoc requests to support our Customer Success team
  • Collaborate with our engineering team to guide reliable deployments of data science products on our Credit Scoring Platform
  • Inform the trajectory of the Credit Modeling team, advise on hiring efforts and eventually manage the Credit Modeling team
Requirements
  • 4+ years performing quantitative analysis, statistical modeling, loss forecasting, loan loss reserve modeling, and/or particularly econometric modeling of consumer credit risk stress losses
  • Takes personal ownership; Self-starter; Ability to drive projects with minimal guidance and focus on high impact work
  • Experience with dynamics of consumer products, with international experience a strong plus
  • Active role in performing some analytical components of an econometric modeling-driven stress loss process (data collection, data integrity QA/QC/reconcilements, pre-processing, segmentation, variable transformation, variable selection, econometric model estimation, sensitivity testing, back testing, out-of-time testing, model documentation, & model production implementation)
  • Ability to communicate technical information verbally and in writing to both technical and non- technical audiences
  • Experience with alternative credit scoring methodology a huge plus
  • Ability to manage relationships with external clients
  • Comfortability with ambiguity and the fast-paced nature of a Series A organization
  • Bachelor’s degrees in a quantitative discipline (e.g. statistics, data science, computer science, engineering, operations research, or mathematics); preferably an advanced degree
Benefits and Culture
  • Competitive compensation package, including stock options
  • Flexibility of a fully-remote organization
  • Opportunity to influence the frontline of fintech

Salary: The total compensation range is $80,000.00 – $100,000.00 USD per year, which includes a base salary and short-term and long-term incentives that align with individual and company performance. Actual salaries will vary based on candidates’ qualifications, skills, and competencies.