Full-Time
Sr. Risk Data Analyst
Posted on 11/20/2024
Varo
501-1,000 employees
Digital banking with fee-free services
Compensation Overview
$105k - $135kAnnually
Senior
Remote in USA
- Must have experience in SQL, Python, and Tableau
- Experience working with Git is a plus
- Ability to effectively communicate complex ideas to both technical and non-technical audiences through presentations and data visualizations
- Understanding of statistical concepts and experience building predictive models, preferred
- Highly motivated and thrive in a fast-paced, dynamic environment
- Take initiative, ask questions, and eager to learn
- Embrace challenges as opportunities for growth
- Passionate about working with others to achieve common goals
- Bachelor's degree in Mathematics, Physics, Statistics, Computer Science, Engineering, Economics, a similar quantitative field, or equivalent practical experience preferred
- Dive into vast datasets, utilizing your SQL, Python, and Tableau mastery to extract meaningful insights across all areas of risk, from credit and operational to compliance and beyond
- Craft compelling visualizations and presentations that communicate complex risk findings to both technical and non-technical audiences, influencing key decision-making
- Identify emerging risks and trends before they become headlines
- Develop early warning indicators and predictive models to mitigate potential threats proactively
- Collaborate with risk managers and business partners to continuously enhance our risk reporting, analysis, and monitoring frameworks
- Dive into diverse projects, learn new tools and techniques, and continuously expand your risk management expertise
Varo Money provides digital banking services aimed at individuals looking for accessible and affordable banking options. The company offers a fee-free banking experience, which sets it apart from traditional banks that often impose various fees. Customers can benefit from services such as receiving their paychecks up to two days early through direct deposit, cash advances of up to $500 without interest, and a credit-building service that has helped users increase their credit scores by an average of 40 points in three months. Varo operates as an independent bank with its own banking charter, ensuring that all deposits are FDIC-insured up to $250,000. The goal of Varo is to create a more inclusive banking environment that prioritizes customer needs and financial well-being.
Company Stage
Late Stage VC
Total Funding
$1B
Headquarters
San Francisco, California
Founded
2015
6 month growth
↓ -2%1 year growth
↓ -2%2 year growth
↓ -13%
Simplify's Take
What believers are saying
- Increased demand for digital banking boosts Varo's customer base.
- Gen Z and Millennials prefer digital-first banking, benefiting Varo's growth.
- Open banking trends allow Varo to offer innovative, integrated services.
What critics are saying
- Competition from Venmo and Cash App may hinder Varo's P2P growth.
- Reliance on partnerships for deposits exposes Varo to operational risks.
- Fee-free services might limit revenue if customer acquisition costs rise.
What makes Varo unique
- Varo offers fee-free banking, unlike traditional banks with various fees.
- Varo provides early payday options, giving customers quicker access to their money.
- Varo's credit-building service helps customers improve credit scores by 40 points in three months.
Help us improve and share your feedback! Did you find this helpful?