Key Responsibilities
- Conduct thorough validation of ML models to assess performance, data quality, robustness, conceptual soundness, regulatory requirements and more, with a focus on loan pricing.
- Conduct independent tests to assess performance and limitations, and establish model assumptions.
- Suggest and develop alternative models to challenge and improve existing models.
- Provide expertise on models' strengths and weaknesses, and recommend practical solutions.
- Prepare comprehensive validation documentation.
- Work closely with model owners and the MRM team to discuss validation results and strategize necessary changes.
- Stay updated on the latest research in ML credit risk modeling and financial news, ensuring that our practices align with industry standards.
Required Qualifications
- 3+ years of experience in data science or model validation, ideally within fintech or a regulated industry.
- Strong programming skills in Python.
- Fluent in English, both verbal and written.
- Bachelor’s degree in Computer Science, Statistics, Artificial Intelligence, Machine Learning, or a related field.
- Excellent problem-solving skills with the ability to think critically and creatively.
- Strong communication skills and the ability to work effectively in a collaborative team environment.
Preferred Qualifications:
- Familiarity with regulatory compliance requirements for financial models (e.g., SR 11-7, ICCAP).
- Experience with cloud platforms (e.g., AWS) and distributed computing.
- Experience with financial data or models.
Pagaya was founded in 2016 by seasoned research, finance, and technology entrepreneurs, and we are now 500+ strong in New York, Los Angeles, and Tel Aviv.
Our Values
Our values are at the heart of everything we do. We believe great solutions are built through a great community.
- Advance Inclusion
- Be Accountable Together- We proudly own our actions and our results, taking initiative to ensure our work gets over the finish line as a team.
- Continuously Learn- We challenge ourselves for the sake of getting better as individuals, as teams, and as an organization to deliver for our partners.
- Debate and Commit- We respectfully and openly debate to strengthen our ideas and build shared conviction - once we decide, we go all in, together.
- Dream Big and Act- We boldly tackle complex problems, pressure-test solutions in real-time, and adapt with speed and energy.