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Full-Time

Sr. Risk Data Analyst

Confirmed live in the last 24 hours

Varo

Varo

501-1,000 employees

Digital banking with fee-free services

Fintech
Financial Services

Compensation Overview

$105k - $135kAnnually

Senior

Remote in USA

Category
Data Analysis
Data & Analytics
Required Skills
Python
Git
SQL
Tableau
Requirements
  • 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
Responsibilities
  • 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

Series E

Total Funding

$996.3M

Headquarters

San Francisco, California

Founded

2015

Growth & Insights
Headcount

6 month growth

-2%

1 year growth

-6%

2 year growth

-11%
Simplify Jobs

Simplify's Take

What believers are saying

  • Varo's inclusion in Inc.'s 2023 Best in Business list for the third consecutive year highlights its strong reputation and industry recognition.
  • The introduction of the 'Varo to Anyone' P2P feature positions Varo as a competitive alternative to popular services like Venmo and Cash App.
  • Varo's credit-building service, which has shown to increase credit scores by an average of 40 points in three months, offers significant long-term financial benefits for customers.

What critics are saying

  • The competitive fintech landscape, with major players like Chime and traditional banks entering the digital space, could challenge Varo's market share.
  • Rapid expansion and the introduction of new features may strain Varo's operational capabilities and customer service.

What makes Varo unique

  • Varo's fee-free banking model sets it apart from traditional banks that often charge various fees, making it a more attractive option for cost-conscious consumers.
  • The early payday feature, allowing customers to receive their paychecks up to two days early, provides a significant advantage for those living paycheck-to-paycheck.
  • Varo's independent banking charter and FDIC insurance up to $250,000 ensure a high level of security and trust for its customers.

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