Principal Data Scientist, ML/AI R&D (Director) at Prosper Marketplace | Powderkeg

Location: United States

Employment Type: Full-Time Employee

Team: Credit Risk Management

About Us

Founded in 2005 as the first peer-to-peer marketplace lending platform in the U.S., Prosper was built on a simple idea: connect people who want to borrow money with those who want to invest. Since inception, Prosper has helped more than a million people gain access to affordable credit with over $20 billion in loans originated through its platform. Our mission is to help our customers advance their financial well-being through a variety of products including personal loans, home equity lines of credit (HELOC) and credit card. Our diverse culture rewards accountability and cross functional teamwork because we believe this encourages innovative thinking and helps us deliver on our mission.

We’re on a mission to hire the very best, and we are committed to creating exceptional employee experiences where everyone is respected and has access to equal opportunity. We realize that new ideas can come from everywhere. It is important to us that every hire connects with our vision, mission, and core values. Join a leading fintech company that’s democratizing finance for all!

Our Values

Diversity expands opportunities

_Collaboration creates better solutions _

Curiosity fuels our innovation

Integrity defines all our relationships

_Excellence leads to longevity _

_Simplicity guides our user experience _

Accountability at all levels drives results

COVID-19 Vaccination Policy

Prosper is continuing to grow our team during the COVID-19 pandemic, conducting fully remote hiring and onboarding processes. Our philosophy as a business is to approach the COVID-19 situation with empathy and urgency. Prosper’s top priority is the health and safety of our employees and of the communities we serve, including our customers, partners, prospects, and candidates. ** In accordance with this priority, along with our legal responsibility to provide and maintain a workplace that is safe and free of known hazards, we have adopted a COVID-19 Vaccination Policy which requires all of our employees to receive vaccinations, unless they have an approved accommodation.**

Our Story & Team // Our Blog

The Role

Prosper’s lending strategies have been powered by ML (machine learning)/AI (Artificial Intelligence) models since 2015 and have continued to advance into new areas with proven performance and scalability. The role is newly created to build next-gen machine learning/AI research capabilities. You will initiate and build critical ML/AI capabilities by working closely with data scientists, credit strategy analysts and third-party solution providers. In this role you will work with a fast-paced and talented team that values innovation and teamwork.

Problems You Will Solve

  • Build cutting-edge and creative challenger models to improve decisioning quality and efficiency
  • Assess new data sources and prototype new methods to increase conversion and engagement to better serve a broad spectrum of consumers
  • Collaborate with scientists/engineers to deploy the challenger models into production environment
  • Evaluate third party solutions with strong business acumen to deliver results with high ROI
  • Lead by example to show passion and enthusiasm towards new challenges and never cease to challenge the status quo

All About You

  • Possess 7+ years of experience in consumer lending industry or related consulting services with broad exposure to ML/AI solutions
  • Have a strong background in applying cutting edge ML/AI techniques to solve business problems
  • A passionate leader and thinker with an entrepreneurial mindset
  • Ability to formulate business problems and roll-the-sleeves to prototype new solutions
  • Solid statistical and data mining background
  • Advance degree (M.S./PhD) preferably in statistics, computer science, engineering, physical sciences, economics or related technical field
  • Outstanding communication skills – ability to effectively communicate complex concepts in plain English, and comfortable with technical details to communicate with cross-functional stakeholders
  • Exceptional interpersonal skills – collaborate with people internally and externally to build strong relationship
  • Ability to think within regulatory guidelines with a mindset toward reproducible research

What We Offer

  • The opportunity to collaborate with a team of creative, fun, and driven colleagues on products that have an immediate and significant impact on people's lives
  • The opportunity to work in a fast-paced environment with experienced industry leaders
  • Flexible time off, comprehensive health coverage, competitive salary, 401(k) employer match, paid parental leave
  • Wellness benefits including access to mental health resources, virtual HIIT and yoga workouts
  • A bevy of other perks including Udemy access, childcare assistance, pet insurance discounts, legal assistance, and additional discounts through Perkspot
  • The ability to work remotely in the United States



Applicants have rights under Federal Employment Laws.

Family & Medical Leave Act (FMLA)

Equal Employment Opportunity (EEO)

Employee Polygraph Protection Act (EPPA)

_California applicants: please click here to view our California Consumer Privacy Act (“CCPA”) Notice for Applicants, which describes your rights under the CCPA: _

At Prosper, we're looking for people with passion, integrity, and a hunger to learn. We encourage you to apply even if your experience doesn't precisely match the job description. Your unique skill set and diverse perspective will stand out and set you apart from other candidates. Prosper thrives with people who think outside of the box and aren't afraid to challenge the status quo. We invite you to join us on our mission to advance financial well-being.

Prosper is committed to an inclusive and diverse workplace. All aspects of employment including the decision to hire, promote, discipline, or discharge, will be based on merit, competence, performance, and business needs. We do not discriminate on the basis of race, color, religion, marital status, age, national origin, ancestry, physical or mental disability, medical​​​ condition, pregnancy, genetic information, gender, sexual orientation, gender identity or expression, veteran status, or any other status protected under federal, state, or local law, including the San Francisco Fair Chance Ordinance. Prosper will consider for employment qualified applicants who are non-US citizens and will provide green card sponsorship.

Job Summary
  • Job Title
    Principal Data Scientist, ML/AI R&D (Director)
  • Company
    Prosper Marketplace
  • Location
    San Francisco, CA
  • Employment Type
    Full time
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