Data Scientist at Remitly

Seattle, Washington, United States

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Not SpecifiedCompensation

Junior (1 to 2 years)Experience Level

Full TimeJob Type

UnknownVisa

Fintech, Financial ServicesIndustries

Requirements

Master’s degree in Statistics, Data Science, Data Analytics, Mathematics, or a related quantitative field
2 years of experience with data and business analysis
1 year of experience applying advanced machine learning and statistical modeling techniques, including regression, logistic regression, decision trees, and random forest
1 year of experience solving business problems using statistical and econometric modeling techniques
1 year of experience developing and maintaining Power BI dashboards to monitor key performance indicators (KPIs)
1 year of experience communicating complex quantitative concepts to non-technical stakeholders
1 year of experience analyzing time-series data, performing multivariate analysis, and conducting causal inference
1 year of experience designing and executing statistical experiments using A/B testing frameworks, experimental design, power analysis, and non-parametric statistics
1 year of experience building and automating ETL pipelines using tools such as Azure Data Factory
1 year of experience monitoring and troubleshooting data pipelines and analytical workflows in production environments
1 year of experience utilizing Azure Databricks, MySQL, PostgreSQL, Python, R, SQL, Tableau, Power BI, SQL Server Management Studio (SSMS), Azure Data Factory, Azure Repos, PySpark, Jupyter Notebooks, and advanced Excel

Responsibilities

Utilizing programming skills in Python to develop, implement, test, and maintain credit and fraud risk models, ensuring accuracy and efficiency
Designing, conducting, and analyzing appropriate types of tests (e.g., A/B/n, multi-variate, population) that drive Remitly’s lending strategic choices and models
Contributing to assessing impact of lending strategies and the development of Customer Lifetime Value models with advanced modeling techniques
Collaborating with cross-functional teams to enhance existing credit underwriting and fraud mitigation strategies
Conducting in-depth statistical analyses and providing insights into market risk factors, trends, and potential areas of improvement
Investigating and following industry trends, regulations, and best practices in quantitative analytics, as well as credit and fraud risk modeling

Skills

Python

Machine Learning

Statistical Modeling

A/B Testing

Multivariate Testing

Credit Risk Modeling

Fraud Detection

Data Analysis

Remitly

International money transfer for immigrants

About Remitly

Remitly focuses on international money transfers, helping immigrants send money to their families quickly and securely at lower costs than traditional banks. The company charges transaction fees and earns from the exchange rate margin, offering various transfer options like bank deposits and cash pickups. Remitly enhances user experience through its website and mobile app, allowing real-time tracking of transfers, and engages with immigrant communities by providing helpful resources and educational support. Its goal is to meet the unique needs of immigrants while ensuring fast, affordable, and reliable money transfer services.

Seattle, WashingtonHeadquarters

2011Year Founded

$423.9MTotal Funding

IPOCompany Stage

Fintech, Financial ServicesIndustries

1,001-5,000Employees

Benefits

Continuing Education or Travel Stipend

Office Culture

Flexible PTO, Schedules and Leaves

DEI Learning Opportunities

Community Engagement

Inclusive Benefits

Risks

Swift's integration into banks' channels poses a competitive threat to Remitly.

AI agents' rise may challenge Remitly's operational model in efficiency and cost-effectiveness.

Schall Law Firm's investigation could impact investor confidence and Remitly's reputation.

Differentiation

Remitly focuses on immigrants, offering competitive rates and fast, secure transactions.

The company leverages technology for a seamless user experience via its app and website.

Remitly engages with immigrant communities through content and educational initiatives.

Upsides

Increased digital wallet adoption in key markets expands Remitly's reach to unbanked individuals.

AI agents in operations could reduce costs and improve Remitly's efficiency.

Visa collaboration enhances Remitly's cross-border fund flow services, boosting customer satisfaction.

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