Data Scientist, Credit/Fraud Strategy
New York City
Applications have closed
Fora Financial
Fora Financial offers extensive funding solutions to small businesses across a variety of industries.Fora Financial, located in NYC, is a leading financial services company providing working capital to small and mid-size businesses nationwide. The company was established in 2008 and has supplied over $2 billion in working capital to small businesses.
We are pursuing a path leveraging more advanced analytics and seeking an experienced data scientist to lead efforts in building next generation fraud and credit risk models using untapped data sources and new modeling techniques. In addition, this role will help lead how we think about and predict customer price sensitivity and customer attrition.
Responsibilities:
- Build predictive models including but not limited to credit risk, fraud, response, and offer acceptance propensity
- Perform thorough testing and validation of models and support various aspects of the business with data analytics
- Identify new data sources/patterns that add significant lift to predictive modeling capabilities
- Conduct analysis and turn insights into actionable changes for predictive models or policies
- Develop analytics and advanced visualization to assist with portfolio surveillance. Typical functions are loss forecasting, mix management, risk appetite management, collections strategy, and reporting related to KPIs that affect portfolio surveillance such as non-performance, loss rates and loss severity
- Partner with IT to integrate and productionize new data sources for modeling use
Requirements:
- B.S. degree or higher in Statistics, Applied Math, Computer Science, Engineering or other quantitative program
- 5 years minimum experience with credit risk modeling
- Proven track record of building new models and improving existing models
- Deep understanding of consumer credit report variables/attributes at both summary and tradeline level
- Experience with small business lending and portfolio management is a plus
- Passionate about solving problems with data and high level of intellectual curiosity
- Thorough understanding of various statistical modeling techniques
- Proficiency in at least one of the following languages: R, SAS, SQL, Python
- Highly motivated to work on multiple projects in parallel and team player with a startup spirit
- Very strong written and oral communication skills and ability to present findings with a non-technical audience
The Benefits of Working for Fora Financial:
- Competitive Base Salary
- Medical, Dental and Vision Coverage
- 401K Match
- Life Insurance at No Cost to Employees
- Generous Time Off Plan Including Rollover Vacation Days
- Commuter Benefits
- Health Care and Dependent Care Flexible Spending
Tags: Computer Science Credit risk Data Analytics Engineering KPIs Predictive modeling Python R SAS SQL Statistical modeling Statistics Testing
Perks/benefits: 401(k) matching Competitive pay Flex hours Flex vacation Health care Startup environment
More jobs like this
Explore more AI, ML, Data Science career opportunities
Find even more open roles in Artificial Intelligence (AI), Machine Learning (ML), Natural Language Processing (NLP), Computer Vision (CV), Data Engineering, Data Analytics, Big Data, and Data Science in general - ordered by popularity of job title or skills, toolset and products used - below.
- Open Data Science Manager jobs
- Open Junior Data Scientist jobs
- Open MLOps Engineer jobs
- Open AI Engineer jobs
- Open Senior Data Architect jobs
- Open Manager, Data Engineering jobs
- Open Data Analytics Engineer jobs
- Open Power BI Developer jobs
- Open Sr Data Engineer jobs
- Open Senior Business Intelligence Analyst jobs
- Open Data Engineer II jobs
- Open Sr. Data Scientist jobs
- Open Business Data Analyst jobs
- Open Principal Data Engineer jobs
- Open Data Quality Analyst jobs
- Open Business Intelligence Developer jobs
- Open Data Manager jobs
- Open Product Data Analyst jobs
- Open Data Scientist II jobs
- Open Data Analyst Intern jobs
- Open Principal Data Scientist jobs
- Open Big Data Engineer jobs
- Open Data Product Manager jobs
- Open Azure Data Engineer jobs
- Open Head of Data jobs
- Open Privacy-related jobs
- Open Data quality-related jobs
- Open Business Intelligence-related jobs
- Open Data management-related jobs
- Open GCP-related jobs
- Open Java-related jobs
- Open ML models-related jobs
- Open Data visualization-related jobs
- Open Finance-related jobs
- Open APIs-related jobs
- Open Deep Learning-related jobs
- Open PyTorch-related jobs
- Open PhD-related jobs
- Open TensorFlow-related jobs
- Open Consulting-related jobs
- Open NLP-related jobs
- Open Snowflake-related jobs
- Open Databricks-related jobs
- Open Hadoop-related jobs
- Open DevOps-related jobs
- Open Airflow-related jobs
- Open Data governance-related jobs
- Open LLMs-related jobs
- Open Git-related jobs
- Open Data warehouse-related jobs