Lead Data Scientist, Banking

Lead Data Scientist, Banking

At Current, we’re on a mission to enable our members to create better financial outcomes for themselves. Headquartered in NYC, we’re a leading U.S. fintech company and one of the fastest-growing companies with over 4 million members. No matter your title, we’re a team that collaborates on building great products and making an impact together.

We are in search of an experienced Data Scientist to lead our ML model development for our lending and liquidity products. In this role, you will leverage VertexAI to lead the design, development, deployment, and governance of machine learning models that power and optimize our risk underwriting to achieve business objectives. The ideal candidate will possess a strong background in statistical analysis, machine learning techniques, and programming, and preferably a solid understanding of the Credit Risk domain and VertexAI’s capabilities, along with experience in deploying and scaling models using Scala and Google Dataflow.

Responsibilities:

• Design, develop, and deploy models that are used for risk underwriting, risk management, limit setting, pricing, and customer acquisition and engagement optimization.
• Analyze diverse datasets, including but not limited to credit bureau, customer behavior, and alternative data, to extract meaningful insights and patterns, identifying actionable opportunities for optimization and innovation.
• Lead and mentor a team of data scientists and analysts, providing guidance and support.
• Conduct exploratory data analysis, feature engineering, and model selection to optimize performance and enhance predictive accuracy.
• Implement and maintain scalable machine learning pipelines and workflows on Google Cloud Platform, ensuring reliability, scalability, and efficiency.
• Leverage Google Dataflow to process large-scale data and build scalable data processing pipelines.
• Evaluate model performance and govern deployed models using appropriate metrics, techniques, and scalable automated methods.
• Maintain model documentation and perform ongoing refits/retraining of existing models to ensure models are always at or near optimal performance and risks of degradation are avoided or managed.
• Design experiments, measure, test, and conduct readouts to optimize and test the underwriting process, offers, and customer engagement.
• Collaborate with engineering teams to integrate machine learning models into production systems, monitor performance, and troubleshoot issues.
• Contribute to developing best practices, standards, and documentation for machine learning processes and methodologies.
• Develop and implement data-driven strategies for credit risk management.

Requirements:

• 7+ years of experience in data science or machine learning roles, with expertise in developing and deploying machine learning models, preferably with a background in consumer credit risk and the lending space.
• 2+ years of experience leading and managing data scientists and/or data analysts.
• Degree in Computer Science, Statistics, Mathematics, or a related field.
• Proficiency in Python programming and machine learning libraries (e.g., TensorFlow, scikit-learn) for model development and deployment.
• Proficiency in data preprocessing, feature engineering, and model selection techniques to optimize performance.
• Familiarity with Google Cloud Platform services, particularly VertexAI and Dataflow, for scalable data processing and model training.
• Proficiency in SQL and at least one programming language for developing scalable and efficient machine learning solutions.
• Understanding of credit risk models and methodologies.
• Strong leadership, communication, and collaboration skills.
• Ability to work effectively in a fast-paced, cross-functional environment.
• Strong understanding of statistical analysis, hypothesis testing, and experiment design.
• Excellent problem-solving skills with the ability to translate business requirements into technical solutions.

Preferred:

• Experience using the Scala programming language for developing scalable and efficient machine learning solutions.
• 2+ years of experience building and deploying models using Vertex AI.
• Experience in B2C Fintech or Financial Services domain(s).

This role has a base salary range of $215,000- $275,000. Compensation is determined based on experience, skill level, and qualifications, which are assessed during the interview process. Current offers a competitive total rewards package which includes base salary, equity, and comprehensive benefits.

Benefits:

• Competitive salary 
• Stock options 
• 401(k) savings plan 
• Discretionary performance bonus program 
• Biannual performance reviews
• Medical, Dental and Vision premiums covered at 100% for you and your dependents 
• Unlimited time off and paid holidays 
• Generous parental leave policy
• Commuter benefits 
• Healthcare and Dependent care FSA benefit 
• Employee Assistance Programs focused on mental health 
• Healthcare advocacy program for all employees 
• Access to mental health apps 
• Team building activities
• Our modern Chelsea-based office with open floor plan, stocked kitchen, and catered lunches