Data Scientist, Pomelo
Credit Risk
Fee-free international remittances
Open for applications
Fee-free international remittances
21-100 employees
Open for applications
21-100 employees
Company mission
To reinvent the money transfer experience with credit to make it refreshingly free, fast, and safe.
Role
Who you are
- 5-8 years of experience in credit risk management or a related field
- Proficiency in SQL and Python
- Experience in credit risk policy formulation and underwriting decision-making processes
- Ability to assess customers' creditworthiness using diverse data sources and predictive analytics to set credit limits that balance growth with minimized risk
- Skill in monitoring and analyzing key loss indicators, identifying trends, and improving credit risk strategies to optimize approval rates, customer utilization, and loss performance
- Proficiency in statistical and analytical tools, including machine learning frameworks for credit risk and fraud detection
- Strong organizational and project management skills, with experience managing multiple projects in a fast-paced environment
- Ability to make sound, data-informed decisions in new and ambiguous situations with minimal guidance
- Experience in supporting, building, and automating reports and operational processes
- Proven ability to work effectively with cross-functional teams, including Engineering, Data, Product, and Finance
Desirable
- A passion for learning and growing, with a willingness to embrace challenges
- Experience in Fintech or startup environments is a plus but not required
- Educational background in Finance, Economics, Statistics, Data Science, or a related discipline is beneficial but not a hard requirement
What the job involves
- At Pomelo, we're excited to welcome a Decision Scientist to our Risk department!
- We value diverse perspectives and are looking for someone who can bring their unique skills to help us assess and manage credit risk
- In this role, you’ll have a big impact by analyzing credit risk exposure, collaborating with different teams to improve our risk metrics, and developing machine learning models for credit and fraud risk
- You’ll work closely with both internal and external partners to streamline our monitoring processes and contribute to our credit risk strategy and portfolio management in partnership with our Product and Finance teams
Our take
Pomelo is the newest in a growing cadre of fintech startups of the same name. This Pomelo is looking to make international payments cheaper and more useful to the citizens sending billions home in remittances from the US each year.
With Pomelo users can instantly transfer cash to up to 4 international cards in the form of credit, and control and monitor spending on them. Alongside rapid international payment, this helps those typically excluded from financial systems to begin to build up a credit score - and options are available for those with neither a credit score nor a credit history to begin with.
This gives Pomelo an undeniably attractive edge over the numerous competitors in the space. None of Pomelo’s popular rivals like Xoom, Remitly, and WorldRemit offer this credit-building option, even though many remittance senders are underbanked. Plus, whilst competitors are engaged in a costly race-to-the-bottom on transfer fees, Pomelo charges precisely none: it makes money from interchanges, not transfers.
Pomelo has only just emerged from stealth, but its strong differentiation and potentially massive market appeal could see it become a real disruptor.
Kirsty
Company Specialist
Insights
Company
Funding (2 rounds)
Apr 2024
$35m
SERIES A
Aug 2022
$20m
SEED
Total funding: $55m
Company benefits
- 100% of your healthcare is covered by the company and 50% of all dependents
- 15 days PTO plus national holidays in first year, and 20 days PTO plus national holidays in year two
- $1,500 travel perk that covers plane tickets anywhere and $300 health perk
- $500 to improve your home office, separate from things like a computer and a smart whiteboard, which the company covers
- Semi-annual company meetups, covered by the company. This gives our remote workforce the opportunity to spend time and build in-person relationships with their colleagues
Company values
- Earn the trust of our customers: As a startup, our customers come first, and as a fintech startup, their trust in us is paramount. We don’t take the opportunity to serve them for granted
- Be relentless: Startups are hard and filled with adversity. We persevere through challenges, focus on impact, and strive to always be shipping, learning, and improving
- Integrity in every language: We strive to always do what’s right, both for ourselves and for our customers around the globe
- Show your work: Successful teams run on trust, and proactive transparency builds trust. We love holding ourselves accountable by openly sharing our progress, and we love empowering engineers by openly sharing business context. We also document extensively, to help us work remotely more effectively
- Leadership at every level: We want every engineer to own whole problems and feel empowered to go wherever those problems take them. We also aim to lift others up and make others better
Company HQ
Mission District, San Francisco, CA
Articles
Leadership
A Stanford graduate who worked in Product at Marin Software, and then as a Partner Engineer at Facebook. Subsequently founded and served as CEO at database platform SingleStore.
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