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Closed on September 11, 2026.
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Data Scientist - Fraud Risk
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Job Description
Rain is seeking a Data Scientist - Fraud Risk to help develop real-time fraud monitoring and risk controls powered by predictive machine learning. This role focuses on fraud risk metrics, operational dashboards, and model-driven safeguards while maintaining a balance between loss savings and customer experience.
Key Responsibilities
- Own fraud risk metrics, dashboards, and reports used to guide business strategy and decisions
- Design and implement real-time monitoring for fraud signals, including alerting thresholds
- Design, simulate, and implement real-time risk controls using both real-time and offline predictive ML models
- Optimize risk controls with an emphasis on loss savings, reduced user friction, and margin improvement
- Partner with go-to-market teams to communicate the technical and business value of risk controls to customers
- Summarize complex analytical outcomes for leadership and non-technical stakeholders
- Support partners when they have fraud concerns related to their traffic
Required Qualifications
- Advanced proficiency in SQL and Python
- 3+ years of hands-on experience building automated fraud risk strategies and running experimentation (A/B tests), including implementation of real-time and offline predictive ML models
- Ability to design, build, and maintain dashboards and fraud risk metrics
- Capability to operate in ambiguous problem spaces and identify workable solutions
- High autonomy, including effective prioritization of workload
- Relevant quantitative bachelor’s degree or higher (Statistics, Mathematics, Engineering, Computer Science, etc.)
Technologies
- SQL
- Python
- A/B tests
- Machine learning
- Predictive ML models
Location and Experience
Location: New York, NY (onsite)
Experience: Minimum 3 years
Salary
USD 50,000 - 999,999 per year
Education
Quantitative bachelor’s degree (or higher) such as Statistics, Mathematics, Engineering, Computer Science, or related fields.
Benefits
- Unlimited time off (required to take at least 10 days off)
- Flexible working: work from home or office
- Home environment stipend for New Rainmakers
- Comprehensive health, dental, and vision plans for US Rainmakers and dependents
- 100% company subsidized life insurance
- 401(k) with a 4% company match
- Equity option plan
- Rain Cards for testing core products and services
- Health and Wellness spending using Rain Cards (gym memberships/fitness classes, massages, acupuncture, etc.)
- Team summits including domestic and international team and company off-sites
Nice to Have
- Experience at a high-growth fintech or financial services company
- Exposure to customer-facing or GTM-facing analytics or fraud issue triaging
- Background in identity risk, AML, payments fraud, or compliance analytics
- Fluency in AI-assisted data analysis and data science tooling