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Full-Time

Senior Data Scientist

Product

Posted on 6/27/2024

Wealthsimple

Wealthsimple

1,001-5,000 employees

Financial technology for investing and taxes

Fintech
Financial Services

Senior, Expert

Remote in Canada

Category
Data Science
Data & Analytics
Required Skills
Python
Jupyter
Data Structures & Algorithms
SQL
Pandas
NumPy
Data Analysis
Requirements
  • Python & SQL skills. You are bringing 5+ years of first hand experience working with popular Python libraries such as Pandas, scikit-learn, numpy and Jupyter.
  • Ability to lead projects from ideation to production.
  • Experience working in a collaborative environment with product managers, designers and engineers.
  • Strong understanding of statistics (both frequentist and Bayesian approaches).
  • Strong understanding of fundamental machine-learning algorithms (regression and decision trees).
Responsibilities
  • Partner with our Investing and Banking Product team to work on some of Wealthsimple’s highest priority efforts.
  • Build robust, efficient, and integrated data models in our cloud data warehouse that will be used as the source of truth for analytics across the Investing product organization.
  • Apply statistical techniques and build machine learning models to solve real-life product problems and to inform product decisions and strategies.
  • Apply software engineering best practices like version control and continuous integration to the analytics code base; ensure data models are well tested, documented and maintained.
  • Translate business requirements into data models and analysis that will help stakeholders answer key business questions and inform strategic decisions.
  • Continuously look for the simplest, most effective way to approach challenges; Occam's razor is your friend.

Wealthsimple provides a range of financial tools that help individuals manage their finances effectively. Their services include automated investing, commission-free stock trading, cryptocurrency investments, and tax filing assistance. Users can access these services through a digital platform that is designed to be easy to use, particularly for young professionals and tech-savvy individuals. Unlike many traditional financial services, Wealthsimple focuses on a user-friendly experience and aims to make financial management accessible to everyone. The company's goal is to simplify the process of investing and managing money, ensuring that users can handle their finances with confidence and ease.

Company Stage

N/A

Total Funding

$915.9M

Headquarters

Toronto, Canada

Founded

2014

Growth & Insights
Headcount

6 month growth

7%

1 year growth

19%

2 year growth

18%
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Simplify's Take

What believers are saying

  • Achieving unicorn status with significant backing from high-profile investors like Drake and Ryan Reynolds signals strong market confidence and growth potential.
  • The selective rollout of Wealthsimple Cash features indicates a strategic approach to product development and user engagement.
  • Wealthsimple's ability to raise substantial funds, such as the recent € million for its Venture Fund I, showcases its robust financial health and investor trust.

What critics are saying

  • The competitive landscape of digital wealth management and fintech is intense, with rivals like Revolut and Robinhood posing significant threats.
  • The selective availability of new features, like those in Wealthsimple Cash, could frustrate potential users and slow adoption.

What makes Wealthsimple unique

  • Wealthsimple's focus on the Canadian market allows it to tailor its products and services to local needs, unlike global competitors.
  • The company’s integration of zero-commission brokerage features sets it apart in the digital wealth management space.
  • Wealthsimple's recent venture into cryptocurrency and digital assets positions it uniquely at the intersection of traditional finance and emerging digital trends.

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