Lead Data Scientist

Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Master's or PhD in Statistics, Mathematics, Psychology, Sociology, Econometrics, or a related field preferred.
  • 5+ years of experience leveraging analytics for significant business impact.
  • Strong statistical knowledge utilized in experimentation and modeling.
  • Proficiency in coding (Scala, R, or Python) with experience in building reusable packages.
  • Expertise in machine learning and advanced statistical methods for predictive modeling.
  • Exceptional communication skills with the ability to translate business objectives into actionable analyses.
  • Passion for innovation within the fields of statistics, applied math, and computer science.

Responsibilities

  • Lead development of the ML Framework within the Dynamic Surveillance Platform.
  • Collaborate with multiple FINRA businesses to design and build the ML Framework.
  • Work with Data Engineers on the Data Framework's specifications and design.
  • Analyze experimental data with statistical rigor for accurate interpretations.
  • Develop machine learning models to monitor markets and protect investors.
  • Translate analytic insights into actionable recommendations for new models.
  • Mentor team members on methodologies and best practices.

Benefits

  • Comprehensive health, dental, and vision insurance coverage.
  • 401(k) plan with company match and additional FINRA-funded retirement contribution.
  • Generous time-off program including 15 days paid time off, 5 personal days, and 9 sick days.
  • Tuition reimbursement and commuter benefits available.
  • Two volunteer service days to support community engagement.
  • Various paid leave options including parental, military, and jury duty leave.
Full Job Description
The Lead Data Scientist for Market Regulation Technology will work to establish and institutionalize data science and machine learning best practices as FINRA moves to ML based pattern development. The development product for this move will be the creation of the Dynamic Surveillance Platform. The lead data scientist will have primary responsibility of the development of the Machine Learning (ML) Framework portion of the Platform.

Essential Job Functions:
  • Lead development of the ML Framework within the Dynamic Surveillance Platform
  • Work closely with multiple FINRA businesses to specify, design and build the ML Framework
  • Collaborate with Data Engineers to specify and design the Data Framework
  • Strong and disciplined coding skills with a history of creating and supporting reusable packages (Scala, R or Python)
  • Analyze experimental data with statistical rigor. Ensure accurate interpretation by combining business acumen with detailed data knowledge and statistical expertise
  • Build machine learning base surveillance models to monitor markets and protect investors
  • Translate analytic insights into concrete, actionable recommendations for new models and communicate these findings
  • Drive efforts to enable independent interpretation of results through education, improved tools, and data visualization
  • Demonstration of FINRA's values.
  • Collaboration, both in-person and virtually, in furtherance of FINRA's mission of investor protection and market integrity.


Other Responsibilities:
  • Mentor other Data Scientists on the team and within FINRA on methodologies and best practices


Education/Experience Requirements:
  • Masters or PhD degree (preferred) in Statistics, Mathematics, Psychology, Sociology, Econometrics, or related field.
  • 5+ years relevant experience with a proven track record of leveraging analytics and large amounts of data to drive significant business impact
  • Solid statistical knowledge and intuition, ideally utilized in experimentation and modeling
  • Strong algorithmic thinking and independent research ability
  • Passion for learning and innovating new methodologies at the intersection of statistics, applied math, and computer science
  • Exceptional interpersonal and communication skills coupled with strong business acumen.
  • Must be able to translate business objectives into actionable analyses, and analytic results into actionable business and product recommendations
  • Impactful presentation skills, including the use of meaningful charts, graphs, or other data visualizations to convey information and results clearly and concisely
  • Strong background in machine learning
  • Strong knowledge of advanced statistical methods and predictive modeling


Work Conditions:
  • Hybrid work environment, with defined in-person presence requirements.
  • Occasional travel and extended hours may be required.


For work that is performed in CO, FL, TX, IL, PA, MA, MD, VA, Washington, DC, NY and NJ, please refer to the chart below for the salary range for the corresponding location. FINRA complies with all state and local pay transparency laws and regulations requiring the disclosure of salary ranges for the position. In addition to location, actual compensation is based on various factors, including but not limited to, the candidate's skill set, level of experience, education, and market considerations.

CO/FL/TX: Minimum Salary $114,200, Maximum Salary $207,200

IL/PA: Minimum Salary $125,900, Maximum Salary $228,000

MA/MD/VA/Washington, DC: Minimum Salary $131,200, Maximum Salary $238,300

NY/NJ: Minimum Salary $131,200, Maximum Salary $248,700

#LI-DNI

To be considered for this position, please submit an application. Applications are accepted on an ongoing basis.

The information provided above has been designed to indicate the general nature and level of work of the position. It is not a comprehensive inventory of all duties, responsibilities and qualifications required.

Please note: If the "Apply Now" button on a job board posting does not take you directly to the FINRA Careers site, enter www.finra.org/careers into your browser to reach our site directly.

Employees may be eligible for a discretionary bonus in addition to base pay. Non-exempt employees are also eligible for overtime pay in accordance with federal, state, or local law. As part of its dedication to employee wellness, FINRA provides comprehensive health, dental and vision insurance. Additional insurance includes basic life, accidental death and dismemberment, supplemental life, spouse/domestic partner and dependent life, and spouse/domestic partner and dependent accidental death and dismemberment, short- and long-term disability, long-term care, business travel accident, disability and legal. FINRA offers immediate participation and vesting in a 401(k) plan with company match and eligibility for participation in an additional FINRA-funded retirement contribution, tuition reimbursement, commuter benefits, and other benefits that support employee wellness, such as adoption assistance, backup family care, surrogacy benefits, employee assistance, and wellness programs.

Time Off and Paid Leave*

FINRA encourages its employees to focus on their health and wellness in many ways, including through a generous time-off program of 15 days of paid time off, 5 personal days and 9 sick days, unless otherwise required by law (all pro-rated in the first year). Additionally, we are proud to support our communities by providing two volunteer service days (based on full-time schedule). Other paid leave includes military leave, jury duty leave, bereavement leave, voting and election official leave for federal, state or local primary and general elections, care of a family member leave (available after 90 days of employment); and childbirth and parental leave (available after 90 days of employment). Full-time employees receive nine paid holidays.

*Based on full-time schedule

About Financial Industry Regulatory Authority

Financial Industry Regulatory Authority Careers

Joining the Financial Industry Regulatory Authority (FINRA) presents a unique opportunity to become part of a dedicated team of professionals committed to fostering fair and honest financial markets. As the largest independent regulator for all securities firms doing business in the United States, FINRA is at the forefront of the financial industry, offering unparalleled job opportunities in a dynamic environment.

Work You’ll Do

At FINRA, professionals work to protect investors and ensure the market's integrity through effective and efficient regulation of broker-dealers. Team members are engaged in a wide range of critical functions from market regulation to enforcement, and from legal compliance to dispute resolution. This variety ensures that employment at FINRA is not just a job, but a pathway to meaningful professional growth and career advancement.

Join a Leading Team

FINRA’s team is composed of highly skilled professionals who lead through innovation and steadfast leadership in the financial sector. With a commitment to diversity and inclusive culture, FINRA fosters an environment where every team member’s contribution is valued. Joining this team means collaborating on projects that enhance the security and integrity of the financial marketplace.

Innovative Work and Career Development

Professionals at FINRA are encouraged to take initiative and innovate within their roles. The authority offers a robust career development program that supports professional growth through training, workshops, and continued learning opportunities. This focus on professional development ensures that every employee has the tools and knowledge to advance their career.

Internship and Employment Opportunities

For those starting their career, FINRA offers a range of internship and entry-level positions that provide a solid foundation in financial regulation. Interns and new employees work alongside industry experts and gain invaluable hands-on experience. These positions are crucial stepping stones for building a career filled with leadership opportunities and professional advancement.

Benefits and Culture

FINRA is committed to supporting its employees’ well-being both inside and outside of the workplace. The company offers a competitive package of benefits that promote a healthy work-life balance. Employees enjoy comprehensive health benefits, retirement plans, and generous paid time off. Moreover, FINRA’s culture of ethics and leadership is reflected in its daily operations, making it a prime environment for personal and professional growth.

Explore Job Opportunities

The Financial Industry Regulatory Authority is continuously seeking passionate, curious, and skilled individuals to join its team. Explore open positions that match your skills and interests in the financial regulatory field. FINRA is hiring individuals who are driven to excel and ready to contribute to a team that values integrity, competence, and dedication.

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Keep up to date with the latest from FINRA by following the careers blog. Gain insights from insiders, and stay informed about new job opportunities, networking events, and industry news that can help shape your career path.

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Ready to take the next step in your career? Review open positions, prepare your resume, and apply through the FINRA Careers portal. Tailor your application to highlight your unique skills and experiences that align with the position you are interested in. The interview process at FINRA is designed to identify and recruit the most talented professionals in the industry.

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