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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

The Risk Data Science team is looking for a Data Scientist/Senior Data Scientist to develop advanced machine learning and statistical models, guide measurement, strategy, and data-driven decision making to support various credit risk and operational areas at So Fi. The Data Scientist will work closely with Credit, Risk, Product, Engineering, and Operations teams to design solutions for underwriting, portfolio management, loss mitigation, and loss forecasting etc. These tasks involve researching and applying state of the art modeling methodologies to solve complex business problems. This role is very rewarding as your work will have a direct and immediate impact on the business’ profitability.

What You’ll Do

• Develop, implement, and continuously improve machine learning and statistical models that support various credit, risk, and operational procedures including but not limited to underwriting, portfolio management, loss mitigation, and loss forecasting, etc.

• Present model performance and insights to Credit, Risk, and Business Unit leaders.

• Proactively identify opportunities to apply advanced modeling approaches to solve complex business problems.

• Explore and leverage in-house and external data sources to enhance model predictive power.

• Collaborate with the Model Risk Management team to demonstrate models are developed with high level rigor that satisfy Model Risk Management and Governance requirements.

• Perform ongoing monitoring of the models through the construction of dashboards and KPI tracking

• Collaborate with the Product and Engineering teams to improve the model development, deployment, monitoring, and model re-calibration/re-build process..

• Explore and apply in-house and open-source machine learning and statistical tools and algorithms to develop and improve models.

What You’ll Need

• Master’s degree in Statistics, Econometrics, Mathematics, Operations Research, Physics, Computer Science, Engineering, or quantitative field required. PhD degree preferred.

• 2+ years of relevant work experience in building and implementing machine learning and statistical models.

• Excellent logic reasoning and communication abilities when interpreting business requirements and translating them into effective data solutions.

• Strong skills in writing efficient SQL queries and Python code to create complex attributes, especially with large datasets.

• Strong sensitivity to details in data and proactively investigate them to uncover unknown patterns.

• Strong knowledge of databases and related languages/tools such as SQL, NoSQL, Hive, etc.

• Demonstrated sophisticated experience in building efficient and reliable pipelines that interact with large datasets stored in Sage Maker and Snowflake, automating recurring processes such as data extraction and processing, feature selection, model training, model monitoring, and generating documentation templates to support reproducibility and cross-functional collaboration.

• Excellent knowledge of machine learning and statistical modeling methods for supervised and unsupervised learning. These methods include (but are not limited to) regression, classification, clustering, outlier detection, novelty detection, decision trees, nearest neighbors, support vector machines, ensemble methods and boosting, neural networks, deep learning and its various applications. Continuously following the advancement of machine learning and artificial intelligence to update your knowledge and skills in order to solve business problems with the most efficient methodologies

• Strong programming skills in Python and machine learning libraries (e.g., sklearn, lightgbm, xgboost, pytorch, tensorflow, keras, etc.)

Nice To Have

• Experience in a lending organization.

• Experience with model documentation and delivering effective verbal and written communication.

• Experience in working closely with Product, Engineering, and Model Risk Management teams.

• Experience with AWS or GCP.

Compensation and Benefits

The base pay range for this role is listed below. Final base pay offer will be determined based on individual factors such as the candidate’s experience, skills, and location.

To view all of our comprehensive and competitive benefits, visit our Benefits at So Fi page!
So Fi provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion (including religious dress and grooming practices), sex (including pregnancy, childbirth and related medical conditions, breastfeeding, and conditions related to breastfeeding), gender, gender identity, gender expression, national origin, ancestry, age (40 or over), physical or medical disability, medical condition, marital status, registered domestic partner status, sexual orientation, genetic information, military and/or veteran status, or any other basis prohibited by applicable state or federal law.
The Company hires the best qualified candidate for the job, without regard to protected characteristics.
Pursuant to the San Francisco Fair Chance Ordinance, we will consider for employment qualified applicants with arrest and conviction records.
New York applicants: Notice of Employee Rights
So Fi is committed to an inclusive culture. As part of this commitment, So Fi offers reasonable accommodations to candidates with physical or mental disabilities. If you need accommodations to participate in the job application or interview process, please let your recruiter know or email accommodations@sofi.com.
Due to insurance coverage issues, we are unable to accommodate remote work from Hawaii or Alaska at this time.

Internal Employees

If you are a current employee, do not apply here - please navigate to our Internal Job Board in Greenhouse to apply to our open roles.