Senior Data Scientist, Credit Strategy

At Rocket Loans, our technology team is building the next generation of digital lending platforms that are revolutionizing how people access money. Our engineering teams are working with modern web technologies, AWS cloud infrastructure, and innovative API-driven architectures to scale our operations to become the industry leader while maintaining exceptional client experiences. We're passionate about combining technical excellence with real business impact, creating systems that handle everything from application intake to credit decisioning to servicing - all while fostering an environment where engineers can grow their skills and make meaningful contributions to our clients' financial journeys. As a Senior Data Scientist, Credit Strategy, you’ll be responsible for performing exploratory data analysis, feature engineering to provide actionable business insights and build credit strategies in our model building environment. You’ll delve into the recesses of large data sets of structured, semi-structured and unstructured data to identify avenues for business growth, leverage that knowledge to develop and implement credit strategies.

About the Role

• Oversee the development and execution of credit strategies for affiliate partners, ensuring that the personal loan offers are competitive, sustainable and aligned with the company’s goals
• Develop and implement credit and fraud risk assessment methodologies and tools, leveraging strong understanding of regulatory requirements and compliance in the credit industry
• Collaborate with cross-functional teams to analyze data and translate that to build and implement proposals ensuring the strategic alignment of credit-based initiatives
• Utilize programing programs to extract and manipulate data, conduct data analysis and build credit and fraud risk strategies
• Building compelling data visualizations and distilling key informative messages clearly from large amounts of data
• Use data analytics to assess the impact of credit on affiliate performance, present findings and recommendations to stakeholders, including senior management, to support decisions-making process

About You

Minimum Qualifications  

• 4+ years of financial industry experience leveraging large sets of data to build credit strategy with a focus on personal loans or related lending products
• Master’s degree in business, statistics, STEM, economics or a related field
• Expert in data tools for data extraction, manipulation and analysis, including SQL or Python. Strong hands-on data and analytical skills
• Create graphs, charts or other visualizations to convey the results of data analysis
• Own the coding and deployment of applicable models for business projects
• Collaborate with the engineering and product teams to develop and support our internal data platform to support ongoing analyses
•  Strong ability to develop and present business proposals aimed at enhancing originations and optimizing portfolio performance. Ability to analyze complex financial data, make informed credit decisions and recommend risk mitigation strategies
• Strong problem-solving and decision-making skills

Preferred Qualifications  

• Strong communication and interpersonal skills to collaborate effectively with cross-functional teams
• Experience managing junior analysts or data scientists providing mentorship and direction

What You’ll Get

Our team members fuel our strategy, innovation and growth, so we ensure the health and well-being of not just you, but your family, too! We go above and beyond to give you the support you need on an individual level and offer all sorts of ways to help you live your best life. We are proud to offer eligible team members perks and health benefits that will help you have peace of mind. Simply put: We’ve got your back. Check out our full list of Benefits and Perks.

About Us

Headquartered in Detroit, Rocket Loans was established to create the most simple, rocket fast personal loan process. We assembled a top-notch team of individuals combining new, passionate team members with some of the best veterans from Rocket Mortgage to create the most user-friendly lending platform in the world. We have given it our best to create an experience that is best-of-breed in the personal loan industry and commit even more to continuously improving it. At Rocket Loans, you’ll build a career that helps you achieve your professional goals while helping clients get the loans they need to reach their financial goals. We’re looking for innovators and those unafraid to disrupt the status -quo. With an inclusive culture and opportunities to make a positive impact, we’re here to help you foster your career growth.

This job description is an outline of the primary responsibilities of this position and may be modified at the discretion of the Company at any time.  Decisions related to employment are not based on race, color, religion, national origin, sex, physical or mental disability, sexual orientation, gender identity or expression, age, military or veteran status or any other characteristic protected by state or federal law.  The Company provides reasonable accommodations to qualified individuals with disabilities in accordance with applicable state and federal laws.  Applicants requiring reasonable accommodations in completing the application and/or participating in the application process should contact a member of the Human Resources team at [email protected].

Colorado, New York City, Jersey City, California, D.C and Washington Candidates only: the compensation for this position is $73,500.00-$164,500.00. The position may also be eligible for an annual bonus, incentives, and other employment-related benefits including, but not limited to, medical, dental, and vision benefits, 401K retirement plan, and paid-time off. More information regarding these benefits and others can be found here. The information regarding compensation and other benefits included in this paragraph is only an estimate and is subject to revision from time to time as the Company, in its sole and exclusive discretion, deems appropriate. The Company may determine during its review of the proposed compensation and benefits provided for this position, that the compensation and benefits for such position should be reduced. In no event will the Company reduce the compensation for the position to a level below the applicable jurisdictional minimum wage rate for the position.

Los Angeles County and San Francisco Candidates only: qualified applicants with arrest or conviction records will be considered for employment per the Fair Chance Ordinance and the California Fair Chance Act.