Full-Time

Senior Machine Learning Engineer

Confirmed live in the last 24 hours

Step Mobile

Step Mobile

201-500 employees

Fintech startup for credit building services

Fintech
Financial Services

Senior

Palo Alto, CA, USA + 1 more

More locations: Remote in USA

Category
Applied Machine Learning
AI & Machine Learning
Required Skills
Python
Data Science
SQL
Data Analysis
Requirements
  • 5+ years experience in Data Science or ML Engineering
  • A graduate degree in statistics, economics, applied mathematics, computer science, physical sciences, or a similar technical field.
  • Proficiency in SQL and Python
  • Ability to communicate clearly with both technical and non-technical audiences.
  • Excellent data analysis skills.
  • Experience developing and deploying machine learning models.
  • Experience, but not required, in working in financial systems, including lending or risk/fraud.
Responsibilities
  • Build and Deploy ML Models: You’ll design, develop, and deploy machine learning models to enhance our Risk and Fraud detection systems. These models protect Step and our customers from fraud and financial loss.
  • Lead Technical Efforts: You’ll take the lead in the Risk/Fraud area, providing technical direction and helping shape team’s strategy.
  • Data Manipulation: You’ll use SQL to efficiently fetch, transform, and manipulate data, ensuring it’s ready for model development.
  • Code Development: You’ll write production-grade code to deliver robust machine learning solutions.
  • Design Experiments: You’ll apply statistics to guide experiments, determine appropriate sample sizes, and evaluate model performance.
  • Cross-Function Partnership: Partner with Operations Team to quickly respond to rapidly evolving events.

Step Mobile provides banking services aimed at helping individuals under 18 build a positive credit history. Their main product is a secured Visa Credit Building Card, which allows users to start establishing credit early, along with a savings account offering a 5.00% interest rate. Users can also invest in fractional shares of stocks, ETFs, and bitcoin with no commission fees. Step Mobile differentiates itself with a subscription model, charging $99 per year, while focusing on accessible and user-friendly financial solutions.

Company Stage

N/A

Total Funding

$171.5M

Headquarters

Palo Alto, California

Founded

2018

Growth & Insights
Headcount

6 month growth

10%

1 year growth

10%

2 year growth

19%
Simplify Jobs

Simplify's Take

What believers are saying

  • The launch of the Step Black Visa Signature® card and a 5% savings account rate positions Step Mobile as a competitive player in the fintech market.
  • Securing $300 million in debt funding allows Step Mobile to accelerate growth and expand its product offerings, including crypto investing and financial literacy programs.
  • The company's innovative approach to credit building and high-yield savings accounts can attract a loyal customer base from a young age, fostering long-term growth.

What critics are saying

  • The collapse of Synapse highlights the vulnerability of fintech companies to third-party risks, which could impact Step Mobile's operations if a similar situation arises.
  • The competitive landscape in fintech, with giants like Apple entering the high-yield savings market, could pressure Step Mobile to continuously innovate to maintain its edge.

What makes Step Mobile unique

  • Step Mobile focuses on helping individuals under 18 build a positive credit history, a niche market often overlooked by traditional banks.
  • The company's partnership with Visa and Evolve Bank & Trust ensures robust fraud protection and FDIC insurance, enhancing user trust and security.
  • Step Mobile's offering of fractional shares and cryptocurrency investments with no commission fees makes investing accessible to younger and less affluent users.

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