Affirm

Fraud Model Risk Manager, Machine Learning

United States

Affirm Logo
$182,000 – $255,000Compensation
Junior (1 to 2 years)Experience Level
Full TimeJob Type
UnknownVisa
Financial ServicesIndustries

Requirements

Candidates should possess 7+ years of professional experience in related technical areas such as model development and model validation, along with a Bachelor’s, Master’s, or PhD in a quantitative field like Math, Data Science, or Computer Science. Strong knowledge of machine learning modeling, fraud detection, and fraud risk management is required, as is experience with script languages like Python and large-scale datasets using SQL. Familiarity with machine learning platforms and frameworks such as scikit-learn and pyspark, and cloud-based coding environments and databases is also necessary.

Responsibilities

The Fraud Model Risk Manager will perform independent challenges of machine learning models used for fraud detection/fraud risk management through thorough validation and ongoing monitoring, identify model weaknesses and opportunities for improvement, collaborate with model owners to remediate model validation findings, partner cross-functionally to implement and maintain the company’s MRM framework, and partner with Internal Audit, Internal Controls, and Compliance to ensure timely resolution of audit and regulatory requests.

Skills

Python
SQL
scikit-learn
pyspark
cloud-based environments
large-scale datasets
machine learning
fraud detection
model validation
data science
critical thinking
problem-solving
interpersonal communication

Affirm

Provides buy now, pay later financing solutions

About Affirm

Affirm offers point-of-sale financing solutions as an alternative to traditional credit cards. It allows consumers to make purchases and pay over time through installment plans, often without hidden fees or deferred interest. Affirm partners with merchants to integrate its payment solutions into online and in-store shopping experiences, using user-friendly plugins and APIs. The company generates revenue from interest and fees on loans to consumers, as well as fees from merchants for offering its financing options. Affirm also provides a merchant dashboard for transaction processing and promotional tools to help businesses market these financing options effectively. The goal of Affirm is to empower consumers with flexible payment options while providing value to merchants in the e-commerce and retail markets.

Key Metrics

San Francisco, CaliforniaHeadquarters
2012Year Founded
$1,113.8MTotal Funding
IPOCompany Stage
Fintech, Financial ServicesIndustries
1,001-5,000Employees

Benefits

Spending wallets: Access tech, food, lifestyle, and family planning wallets for your expenses
Supportive communities: Get involved with our employee resource groups and community groups
Remote-first workforce: If your role is remote, you can set up shop anywhere in your home country
Generous time off: Take the time you need when life happens
Health benefits: Get a plan that fits your needs
Mental healthcare: Take care of your mind with great mental health programs
Parental leave: Birth and non-birth parents get 18 weeks paid leave. Plus, a 4-week return-to-work transition program, at full base pay.
Compensation: We have a simple, flexible, and transparent remote-first compensation structure so you can make the best decisions for yourself and your family.
Away days: We offer 24 company-wide paid days off—which help our teams collectively pause to recharge.
Learning & development: Engage in exciting learning programs to level up your growth.

Risks

Increased CFPB regulation could raise compliance costs for Affirm.
Affirm faces competition from new entrants in the BNPL market.
Reliance on partners like Adyen and Apple poses potential revenue risks.

Differentiation

Affirm offers transparent installment loans with no hidden fees or surprises.
Affirm partners with over 2,000 merchants, including major retail brands.
Affirm's user-friendly APIs enable seamless integration with online and in-store platforms.

Upsides

Affirm's partnership with Adyen expands its reach in North America.
Affirm's $4 billion partnership with Sixth Street boosts financial stability.
Affirm's BNPL services gain traction among high-income consumers.

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