Full-Time

Senior Research Scientist

Confirmed live in the last 24 hours

Upstart

Upstart

1,001-5,000 employees

AI lending marketplace connecting consumers and banks

Consumer Software
Fintech

Compensation Overview

$149.8k - $207kAnnually

+ Bonus + Equity Compensation

Senior

Remote in USA

Role available in Columbus, Austin, San Mateo, or Remote.

Category
Applied Machine Learning
Deep Learning
AI Research
AI & Machine Learning
Required Skills
Python
Operations Research
Data Analysis
Requirements
  • Strong academic credentials with a master's degree in statistics, mathematics, economics, physics, operations research, computer science, or other quantitative areas of study; Ph.D. preferred
  • Programming skills in Python
  • Full-stack expertise with all steps of the modeling process from ideation to productionalizing code; OR deep expertise in either statistical modeling or machine learning
  • Proficiency in a broad array of mathematical, statistical learning and machine learning concepts and applications
  • Knowledge of machine learning, pipelines and engineering architecture
  • Detailed understanding of building good technical solutions; ability to convert ideas into testable hypotheses and/or next steps
  • Ability to meet team standards with respect to quality and velocity with minimal help or direction from peers
  • For more complex tasks, ability to break down problems into smaller tasks, and use them to estimate the timeline of executing a larger initiative. Willingness to make the right tradeoffs when needed to deliver projects on time.
  • Proactively communicate to stakeholders and teammates with ability to contextualize technical results
  • Strong sense of intellectual curiosity balanced with humility, drive and teamwork
  • Numerically-savvy and smart with ability to operate at a speedy pace
  • Enthusiasm for and alignment with Upstart’s mission and values
Responsibilities
  • Productionalizing, deploying and training machine learning models
  • Working alongside a talented team that values curiosity, humility, drive and teamwork
  • Utilizing a variety of statistical and machine learning methods to solve problems
  • Developing new products or identifying novel approaches to core models
  • Communicating proactively to stakeholders and teammates

Upstart connects consumers with banks and credit unions through its AI-driven lending marketplace. The platform uses advanced AI models to assess borrowers' creditworthiness, allowing lenders to approve more loans at lower rates without bias based on race, age, or gender. Borrowers benefit from a digital-first experience, with over 80% receiving instant approval without needing to provide documentation. Upstart offers various financial products, including personal loans, automotive loans, home equity lines of credit, and small-dollar relief loans. What sets Upstart apart from its competitors is its focus on using AI to enhance the lending process, making it faster and more accessible. The company's goal is to improve access to credit for all consumers while ensuring a fair lending process.

Company Stage

Series D

Total Funding

$244.1M

Headquarters

San Mateo, California

Founded

2012

Growth & Insights
Headcount

6 month growth

-3%

1 year growth

-6%

2 year growth

-17%
Simplify Jobs

Simplify's Take

What believers are saying

  • Upstart's Model 15.0 shows a significant 15% improvement in accuracy, indicating strong technological advancements.
  • The company's expansion into home equity lines of credit (HELOC) opens new revenue streams and market opportunities.
  • Partnerships with credit unions like Diamond, Seattle, and Kaua'i Federal Credit Unions highlight Upstart's growing influence in the financial sector.

What critics are saying

  • Upstart has faced significant funding challenges, leading to layoffs and potential instability.
  • The company's stock has experienced a dramatic 94% plunge, raising concerns about its financial health.

What makes Upstart unique

  • Upstart leverages advanced AI algorithms to offer personalized lending solutions, setting it apart from traditional lenders.
  • The company's Recognized Customer Personalization (RCP) tool allows banks to customize loan offers, enhancing customer satisfaction and engagement.
  • Upstart's partnerships with multiple credit unions demonstrate its ability to integrate seamlessly into existing financial ecosystems.

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