Full-Time

Staff Data Scientist

Brokerage

Confirmed live in the last 24 hours

Robinhood

Robinhood

1,001-5,000 employees

Commission-free trading platform for investments

Fintech
Financial Services

Compensation Overview

$169k - $255kAnnually

+ Bonus + Equity Plan

Senior, Expert

Chicago, IL, USA + 2 more

More locations: Menlo Park, CA, USA | New York, NY, USA

Requires in-office presence in Menlo Park, Chicago, or New York.

Category
Data Science
Data Analysis
Data & Analytics
Required Skills
Python
Data Science
R
SQL
Requirements
  • PhD in a quantitative field such as Mathematics, Statistics, or Engineering with 5+ years of relevant work experience, or a Master’s degree with 7+ years of relevant work experience.
  • Proven experience applying game theory, market microstructure analysis, or auction theory in a practical setting.
  • Proficiency in data analysis tools and programming languages such as Python, R, SQL, and machine learning frameworks.
  • Proficient knowledge of FINRA best execution rules and their application in the market.
  • Experience with financial data platforms and market data APIs.
  • Strong grasp of statistical methods, predictive modeling, and optimization algorithms.
Responsibilities
  • Develop, refine, and implement sophisticated data models to analyze large datasets, with a focus on market structure and order routing optimization.
  • Apply concepts from game theory and auction design to understand competitive behavior, pricing dynamics, and strategic decision-making in the markets.
  • Collaborate with trading teams to design, test, and improve algorithms that optimize trade execution.
  • Conduct post-trade analysis to evaluate performance against internal and industry benchmarks, resulting in recommendations for improvements.
  • Partner with traders, strategists, and software engineers to translate business needs into data-driven solutions and present insights to stakeholders.

Robinhood offers a platform for trading stocks, options, ETFs, and cryptocurrencies, aiming to make investing accessible and affordable for everyone. The platform features commission-free trading and allows users to buy fractional shares, making it easier for individuals to invest in high-priced stocks. Unlike traditional brokerage firms, Robinhood generates revenue through a premium subscription service, interest on uninvested cash, and rebates from trading venues. The company's goal is to democratize finance and empower a diverse range of investors, especially younger individuals.

Company Stage

IPO

Total Funding

$5.4B

Headquarters

Menlo Park, California

Founded

2013

Growth & Insights
Headcount

6 month growth

3%

1 year growth

7%

2 year growth

7%
Simplify Jobs

Simplify's Take

What believers are saying

  • Robinhood's expansion into new markets like Hawaii and U.S. territories indicates strong growth potential and increased user base.
  • The acquisition of Pluto and integration of AI capabilities can provide users with advanced, personalized investment insights, enhancing user experience and retention.
  • Offering IPO access democratizes investment opportunities, allowing retail investors to participate in early-stage investments traditionally reserved for institutional investors.

What critics are saying

  • The highly competitive fintech market means Robinhood must continuously innovate to maintain its edge over rivals like E*TRADE and Charles Schwab.
  • Regulatory scrutiny and changes, such as those seen in Hawaii, can impact Robinhood's operations and expansion plans.

What makes Robinhood unique

  • Robinhood's commission-free trading model disrupts traditional brokerage firms by eliminating fees, making investing accessible to a broader audience.
  • The introduction of fractional shares allows users to invest in high-value stocks with minimal capital, a feature not commonly offered by traditional brokers.
  • Robinhood's recent acquisition of Pluto enhances its platform with AI-driven personalized investment strategies, setting it apart from competitors.

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Benefits

Well-being - Premium medical, dental, and vision insurance

Family & home life - Parental leave, personal prosperity benefits

Comfort & care - Flexible work from home / office balance, health & wellness stipend

Office life - Catered meals and fully stocked kitchen, commuter benefits

Growth - Education and training, community events, career mentorships