Senior Data Scientist- Product Fraud

Join a leading fintech company that’s democratizing finance for all.

Robinhood Markets was founded on a simple idea: that our financial markets should be accessible to all. With customers at the heart of our decisions, Robinhood and its subsidiaries and affiliates are lowering barriers and providing greater access to financial information. Together, we are building products and services that help create a financial system everyone can participate in.

With growth as the top priority...

The business is seeking curious, growth-minded thinkers to help shape our vision, structures and systems; playing a key-role as we launch into our ambitious future. If you’re invigorated by our mission, values, and drive to change the world — we’d love to have you apply.

About the team + role

Insights from data power most decisions at Robinhood and our company trajectory is defined by the systems, tools, and analytics powered by this exceptional team. As a Data Scientist working on Fraud and Risk, you would work with backend engineers, product managers and operations teams across the company to understand and mitigate the risks to our business.

Robinhood faces unique data challenges with a focus on integrating complex data streams such as rapidly changing market data, user data based on app activity, and brokerage operations data to understand user behaviour and the risks to our business.

We are looking for a Data Scientist to drive the growth and remediate the abuse of Instant Deposit product, which offers customers immediate access to their deposit for trading. This is a crucial role that helps Robinhood to provide the most seemless experience in trading. The ideal candidate is passionate about understanding the different fraud vectors at a fast-growing company and building solutions to mitigate these risks. This team is part of the larger Data Team here at Robinhood.

What you’ll do

• Combining knowledge of fraud risk and market risk to improve our understanding of risk exposure to Instant Deposit, and partner with product managers to set the product strategy.
• Perform exploratory analysis and build monitoring dashboard on large scale datasets to assess the Instant Deposit product from the lense of revenue-risk trade off, and decomposition of different risk dimensions.
• Partner with other data scientists and software engineers in designing machine learning systems to power decisions in offering Instant Deposit access that is customized to customers and asset classes.
• Launch modeling solutions through A/B experimentation, extract insights from experiment outcome to drive future strategy.

What you bring

• Graduate degree or equivalent experience in a quantitative field like mathematics, economics, statistics, engineering or natural sciences.
• 5+ years of relevant experience as a data scientist or quantitative analyst.
• Familiarity with ACH fraud and market risk of various assets, including equity, option, crypto, futures.
• In-depth knowledge of quantitative finance models, including but not limited to asset volatility models, and options pricing models.
• Strong data wrangling skills to produce analytics insights by exploring large scale data sets using SQL and Spark.
• Experience with experimentation and communicating data driven insights.
• Problem solving skills and a can-do attitude to dive deep into data to solve business problems

What we offer

• Market competitive and pay equity-focused compensation structure
• 100% paid health insurance for employees with 90% coverage for dependents
• Annual lifestyle wallet for personal wellness, learning and development, and more!
• Lifetime maximum benefit for family forming and fertility benefits
• Dedicated mental health support for employees and eligible dependents
• Generous time away including company holidays, paid time off, sick time, parental leave, and more!
• Lively office environment with catered meals, fully stocked kitchens, and geo-specific commuter benefits

 

Base pay for the successful applicant will depend on a variety of job-related factors, which may include education, training, experience, location, business needs, or market demands. The expected salary range for this role is based on the location where the work will be performed and is aligned to one of 3 compensation zones. This role is also eligible to participate in a Robinhood bonus plan and Robinhood’s equity plan. For other locations not listed, compensation can be discussed with your recruiter during the interview process.

Zone 1 (Menlo Park, CA; New York, NY; Bellevue, WA; Washington, DC)$179,000—$210,000 USDZone 2 (Denver, CO; Westlake, TX; Chicago, IL)$157,000—$185,000 USDZone 3 (Lake Mary, FL; Clearwater, FL; Gainesville, FL)$139,000—$164,000 USD

Click here to learn more about available Benefits, which vary by region and Robinhood entity.

We’re looking for more growth-minded and collaborative people to be a part of our journey in democratizing finance for all. If you’re ready to give 100% in helping us achieve our mission—we’d love to have you apply even if you feel unsure about whether you meet every single requirement in this posting. At Robinhood, we're looking for people invigorated by our mission, values, and drive to change the world, not just those who simply check off all the boxes.

Robinhood embraces a diversity of backgrounds and experiences and provides equal opportunity for all applicants and employees. We are dedicated to building a company that represents a variety of backgrounds, perspectives, and skills. We believe that the more inclusive we are, the better our work (and work environment) will be for everyone. Additionally, Robinhood provides reasonable accommodations for candidates on request and respects applicants' privacy rights. Please review the specific Robinhood Privacy Policy applicable to the country where you are applying.