Data Scientist - Credit Risk

San Francisco, United States

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Posted 3 weeks ago

Data Scientist - Credit Risk, Cleo AI
Build the credit risk foundation to scale a brand new type of financial services company 

  • Based in San Francisco, CA
  • Full-time [with no obligatory in-office working for the next six months, because #pandemic]

Cleo was created to improve your financial health.

Already, she’s helped over 3 million people improve their relationship with money through simplicity and a sense of humour. 

Cleo’s not a bank though. She’s an interface for the 99% – an AI assistant defining a new category, one that goes beyond saving up to actually changing how we feel about our finances. 

Through chat, Cleo hits you with ridiculously personal insights into your spending, while suggesting personalised financial products that increase your ability to save. But it’s really our tone of voice that sets us apart.

We’re a product for the next generation. That means we’re meeting our users where they are and building the type of relationship they expect. It also means dropping the BS. 

In 5 years Cleo should be so intelligent, so engaging, that the relationship you have is unlike anything that’s come before. 

Watch this to hear the lowdown from our team. 

Job Description

We’re seeking an entrepreneurial credit risk data scientist to help us build our next credit products.

As Cleo coaches customers to improve their financial health over time, our Cleo+ subscription is helping them access the best products to take action and meet their financial goals. From strong initial growth in its first year, we’re now expanding the Cleo+ financial product set, with a focus on consumer credit products that help users get to the next stage of financial health, while saving them money. 

As we launch new credit products for our Cleo+ subscription service, this role will report into Chief Credit Officer and will be key in developing and implementing our credit underwriting strategy and setting up a robust credit risk management process . We’re looking for an entrepreneurial individual who has a strong background in consumer lending and machine learning, is hands-on and is willing to roll-up the sleeves and work in a challenging and fast paced startup environment.

You will:

  • Use machine learning to build underwriting models leveraging alternative and traditional data sources
  • Develop credit underwriting strategies for Cleo’s consumer credit products
  • Develop loss forecasts to reflect credit policy and/or segmentation changes and establish loss thresholds for various products
  • Develop processes for regular reporting and monitoring of credit risk exposure
  • Develop the collection and fraud strategy
  • Set up the testing infrastructure to run A/B tests of different underwriting models and credit strategies
  • Remain up-to date on macroeconomic trends and how that should impact our underwriting strategy
  • Help with the new product design, product structure, pricing and features
  • Remain up-to-date on regulatory changes and landscape, best practices and cutting-edge developments in the industry

You have:

  • 5+ years in the consumer credit risk management 
  • Hands on experience managing credit risk and P&L of consumer credit portfolios 
  • Advanced knowledge of data science and statistical modeling tools (SQL, Python etc.)
  • Knowledge of state of the art machine learning techniques
  • Product instinct and ability to identify opportunities for customer value 
  • Ability to strategize against competing priorities and identify what’s important to solve
  • Ability to work collaboratively across various functions
  • Self-directed with a knack for creative problem-solving
  • Analytical and metrics driven approach to create substantiated solutions
  • Adaptability in an agile and fast-paced environment
  • Superb organization skills with the ability to manage competing priorities
  • An ethical backbone. Cleo’s got a bite, you should have one too.

What do you get for all your hard work?

  • An above market compensation package
  • Base, equity, healthcare and 401K
  • The team is exceptional. You'll get to work with brilliantly forward-thinking and dedicated individuals every day.
  • Our mission is standout. We want to radically improve everyone’s relationship with money. We're not maximising the time consumers spend in a feed, getting fast food delivered, or building an incrementally better bank. We're changing an industry in a visceral way, which you get to see every day in our customer feedback.

We are committed to making Cleo a more diverse and inclusive workplace. We are making continuous changes in order to make sure that all voices, especially those of minorities are heard, supported and celebrated. Our work doesn't stop at hiring, and we are providing every employee with training, support and development throughout their Cleo career, alongside training specific to inclusivity.


Job tags: AI Healthcare Machine Learning Python SQL