Director of Data Science

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about 3 years old

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ABOUT VARO
Varo is an entirely new kind of bank. All digital, mission driven, FDIC insured, and designed for the way our customers live their lives.

We're on a mission to bring financial inclusion and opportunity to all hard-working Americans. Through our mobile app, we offer premium bank accounts that have no minimum balance requirement or monthly account fees, high-interest savings accounts, short term lending and solutions to help customers stretch their paycheck, build credit and start saving. Our tech-first products are designed to make money work for everyone and help customers and communities build greater financial resiliency.

Varo is distinct from other fintechs: we've made history as the first and only consumer fintech to be granted a full national bank charter by the Office of the Comptroller of the Currency (OCC).

Varo Bank represents the evolution of a new generation of banks that are born from innovation and built on technology to empower consumers and businesses.

Our team combines the best of both consumer tech and banking, and we’re wildly passionate about helping our customers. Our teams are based in San Francisco and Salt Lake City. Privately held, we’ve raised over $482M to date, from leading institutional investors and strategic partners including Warburg Pincus, The Rise Fund, Gallatin Point Capital, Harbourvest Partners, Progressive Insurance, and Russell Westbrook Enterprises.

Varo is entrepreneurial, collaborative, enthusiastic, customer-oriented, fast-paced, and multicultural.  This is an open and relatively flat organization that puts an emphasis on collaboration, sharing ideas and information. For a relatively early stage company, Varo is grounded in a strong set of values and takes pride in the diversity of its employees and board. 

Varo. A bank for all of us.

ABOUT THE DATA TEAM
Each member of the Data team plays an integral part of what we are building at Varo. We rely on advanced techniques in machine learning, cloud platforms and big data to drive decisions across the organization. If you are interested in working with an impressive team of Data pros who collaborate and challenge each other, and want to solve interesting problems to propel the company’s growth, apply now!

WHAT YOU'LL DO

  • Be responsible for owning and driving Varo’s Data Science efforts
  • Develop custom models and algorithms to apply to large datasets, as well as, processes for monitoring and analyzing their performance
  • Mine and analyze data from different resources, and use predictive modeling to increase and optimize customer experiences, customer acquisition, underwriting and other business outcomes
  • Assess the effectiveness and accuracy of new data sources and data gathering techniques
  • Understand and apply proper risk framework to your analysis and modeling.
  • Work with stakeholders throughout the organization to identify opportunities for leveraging data to drive business decisions
  • Collaborate cross-functionally to implement models and monitor outcomes

    • SKILLS AND EXPERIENCE THAT'LL HELP YOU BE GREAT

  • 6+ years of experience in Analytics, Data Science or Software Engineering as an individual contributor.
  • An advanced degree in a quantitative field - computer science, engineering, statistics, operations research, economics, etc.
  • Credit and Risk modeling experience in consumer finance nice to have
  • Strong problem-solving skills with an emphasis on translating real-life problems into a concrete model development strategy. Blend academic rigor with a sense of pragmatism for rapidly prototyping and delivering solutions
  • Experienced in using Python for analysis and modeling.
  • Experience applying a wide range of statistical techniques to large data sets, and understanding their real-world advantages/drawbacks
  • Experience using web services (AWS, GCP), and distributed data/computing tools (Spark, Map/Reduce, Hadoop, Hive, etc.)
  • Excellent cross-functional communication skills
  • Ability to thrive in a fast-paced environment
    • CULTURAL ALIGNMENT
    Varo is entrepreneurial, collaborative, enthusiastic, customer-oriented, fast-paced, and multicultural.  This is an open and relatively flat organization that puts an emphasis on collaboration, sharing ideas and information. For a relatively early stage company, Varo is grounded in a strong set of values and takes pride in the diversity of its employees. 

    OUR CORE VALUES
    Customers First: Understand the problems our customers are trying to solve. Respond with a sense of urgency. Build relationships that result in loyalty. Be data and insights-driven. Test everything. Achieve results through strong execution. Build a product people love.  Assess new initiatives with the customers’ interest in mind. Act with empathy. 

    Take Ownership: Bias towards action. Have high standards. Be accountable for the results of your work, our product, our company. Trust others to own it.

    Respect: Treat others how you want to be treated. Listen first before being heard. Speak the truth even when it's not easy. Assume best intentions. Bring your full self to work.

    Stay Curious: Ask why. Dare to make things better. Learn something new each day (even from mistakes). Be open to growth. Develop creative solutions.

    Make it Better: Think big. Set high goals. Work towards long term value rather than short term wins. Create change. Be resilient.


    Varo is an equal opportunity employer. Varo embraces diversity and we are committed to building teams that represent a variety of backgrounds, perspectives, and skills. All applicants will be considered for employment without attention to race, color, religion, sex, sexual orientation, gender identity, national origin, veteran or disability status.

    Learn more about Varo by following us:

    Beware of fraudulent job postings!
    Varo will never ask for payment to process documents, refer you to a third party to process applications or visas, or ask you to pay costs. Never send money to anyone suggesting they can provide work with Varo.  If you suspect you have received a phony offer, please e-mail [email protected] with the pertinent information and contact information.

    Pursuant to the San Francisco Fair Chance Ordinance, we will consider for employment qualified applicants with arrest and conviction records.