Sr Data Scientist- Personal Loans

The role

SoFis Credit team manages credit risk activities for our lending products (Student Loan Refinance Private Student Loan Personal Loan Credit Card and Mortgage) - including credit strategies/policies for new account origination and portfolio management collections/recovery strategies and operations and risk and operational data science and analytics. The team designs data-driven strategies to ensure the growth in lending is consistent with the companys risk appetite and helps create the products and experiences that put our members interests first.

The Credit Strategy Manager will work in the Credit team and have responsibilities to analyze and evaluate data to develop and propose value-added credit risk strategies and models for SoFis lending products including Personal Loan Student Loan Refinance Private Student Loan and Credit Card. The initial focus of the role will be on Personal Loan acquisition but the candidate may get opportunities to work on other lending products in the future.

The candidate will be responsible for independently developing and implementing Personal Loan underwriting strategies that meet our risk appetite monitoring and analyzing the risk trends within the portfolio to provide insights and recommendations for strategy enhancement opportunities. They will be part of the Credit team with 1LOD responsibilities.

The Credit Strategy Manager will collaborate with cross-functional teams such as Business Units Operations Marketing Finance Capital Markets Product Engineering Legal and Compliance. Use business knowledge and quantitative and analytical skills to drive revenue control risk and provide value to the company and consumers.

The ideal candidate will possess a data-driven analytics background and the strategic acumen to direct a function that draws strategic insights from data using database and statistical analysis tools to inform decisions and support SoFis overarching strategic goals relative to loss prevention and profit optimization. They bring new ways of thinking data sources technologies and capabilities to SoFi.

What youll do:

• Innovate Bring your brightest ideas to building risk strategies. This means you will architect credit underwriting pre-screen targeting and risk tier assignment.
• Data Driven Your deep analysis will power the future of lending with an optimal real-time data ecosystem including multi-product internal bureau third-party and alternative data sources and uses.
• Iterate learn innovate We are all responsible for innovation and must embrace data-driven decisions.
• Collaborate Work collaboratively with business partners such as Business Units Operations Marketing Finance Legal and Compliance to deliver successful business results. Partner closely with implementation teams to accurately deploy new strategies.
• Control the Risk and Drive Performance Outcomes Understand credit risk and develop approaches to mitigate loss and responsibly grow revenue. Monitor the performance of strategies and portfolios. Document and communicate results and escalate issues as necessary. Identify gaps/opportunities and drive actions.
• Grow Grow Grow! Be inspired by dynamic leaders and our rapidly growing business. We want YOU to be an inspired leader of tomorrow so we are recruiting the best brightest and passionately quantitative team members.

What youll need:

• 5 years of related experience
• Business acumen and work experience in the consumer lending business (loans or credit cards)

• Direct experience in the credit strategy analytical life cycle including strategy and decision tree development P&L presentation implementation validation and post-implementation monitoring
• Proven analytical skills in conducting sophisticated analysis using customer performance data bureau attributes and other 3rd party variables to solve business problems
• Proficient skills in Excel SQL and Python
• A demonstrated ability to synthesize and communicate analysis to business partners and senior management
• High motivation to drive results eager to learn and able to work collaboratively in a fluid environment
• Knowledge/skills in analytical and modeling techniques such as decision trees regression logistic regression test design
• Preferred: Experience in developing credit strategies using innovative data sources such as cash flow or alternative data
• Preferred: Advanced degree (Masters or PhD) with a quantitative major such as Statistics Mathematics Engineering or Computer Science

Required Experience:

Senior IC