Synnax Technologies is recruiting for a Fresher Entry Level Data Scientist

Short Description:

Synnax Technologies, a pioneering firm in credit intelligence based in Bangalore, India, seeks a driven Data Scientist to join its team. The role involves leveraging data science and machine learning to enhance credit intelligence protocols, contributing to a decentralized network of data scientists. Responsibilities include building and refining machine learning models, ensuring data privacy, and monitoring credit ratings. Candidates should possess advanced degrees in Data Science or related fields, along with proven experience in data science and proficiency in Python. Remote-based with competitive compensation, this role offers an exciting opportunity to shape the future of finance through innovative technology and collaboration.

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Position: Data Scientist (Entry level / Fresher)
Company: Synnax Technologies
Location: Bangalore Urban, Karnataka, India
Job type: Full time
Job mode: Remote

Introduction

In today's rapidly evolving financial landscape, the need for accurate and forward-looking credit intelligence has never been more critical. Synnax Technologies, based in Bangalore Urban, Karnataka, India, is at the forefront of revolutionizing credit intelligence through innovative, privacy-preserving crowdsourcing techniques. This job description delves into the role of a Data Scientist at Synnax Technologies, outlining the company's mission, the responsibilities and qualifications required for the position, compensation details, and the unique prerequisites for potential applicants.

Company Overview

Synnax Technologies

Synnax Technologies is dedicated to transforming the world of credit intelligence by establishing a decentralized network of data scientists. The company's mission is to develop and continuously enhance machine learning models that generate forward-looking credit ratings. These ratings are based on predictive probabilities of default and financial ratio predictions, offering insights applicable to various entities. Synnax employs blockchain technology to ensure transparency, scalability, and provides incentives through a token-based model, fostering participation in its credit intelligence network.

Role Overview

Data Scientist Role at Synnax

As a Data Scientist at Synnax, you will be integral to leveraging data to advance the company's credit intelligence protocol. Collaborating with a team of experts, your role involves enhancing machine learning models, contributing to blockchain-enabled processes, and shaping the future of credit ratings intelligence.

Responsibilities

Building Machine Learning Models

You will be responsible for constructing, training, and refining machine learning models to generate forward-looking credit ratings. These models serve as examples for the network of data scientists, contributing to the continuous improvement of credit intelligence.

Ensuring Data Privacy

Utilizing advanced encryption technology, you will ensure data privacy for entities seeking credit ratings. Maintaining the confidentiality and security of data is paramount in the credit intelligence process.

Collecting Training Data

Participating in the collection of high-quality training data from open sources is a crucial aspect of the role. The quality of training data significantly influences the accuracy and reliability of credit ratings generated by machine learning models.

Monitoring Credit Ratings

Continuously monitoring and periodically evaluating the credit ratings update process is essential. This involves assessing predictive probabilities of default and financial ratio predictions to ensure the relevance and accuracy of credit intelligence.

Developing Financial Indicators Methodologies

You will evaluate and develop new methodologies for predicting a company's financial indicators, including time series approaches. Staying abreast of industry trends and advancements in machine learning is vital to enhancing credit intelligence protocols.

Staying Informed

Remaining up-to-date with industry trends, advancements in machine learning, blockchain technology, and decentralized finance (DeFi) is imperative. This knowledge ensures the adoption of cutting-edge techniques and methodologies in credit intelligence.

Qualifications

Educational Background

Candidates should possess a Master's or Ph.D. in Data Science, Machine Learning, or a related field. A strong academic foundation in these disciplines is essential for success in this role.

Experience

Proven experience in data science and machine learning is required, with specific expertise in financial modeling considered advantageous. Practical experience in applying machine learning techniques to financial data sets demonstrates the candidate's capability to excel in this position.

Technical Skills

Proficiency in Python is necessary for developing and implementing machine learning models. Additionally, candidates should have a working knowledge of relational databases and common data warehousing frameworks to handle large datasets effectively.

Familiarity with Tools

Experience with ETL schedulers such as Airflow, Dagster, or Prefect is beneficial for managing data pipelines efficiently. Strong communication and collaboration skills are essential, as the role involves explaining complex technical concepts to both technical and non-technical stakeholders.

Passion and Adaptability

A passion for working in a decentralized and innovative environment is desirable. Candidates should demonstrate adaptability to evolving technologies and methodologies, showcasing a commitment to continuous learning and professional growth.

Compensation

Competitive Salaries and Benefits

Synnax offers competitive salaries and benefits packages based on the candidate's experience and qualifications. Recognizing the value of talent and expertise, the company ensures that employees are fairly compensated for their contributions to advancing credit intelligence.

Location

Remote-Based Consultant Role

The position is remote-based, offering flexibility and autonomy to work as an independent contractor. Remote work allows candidates from diverse geographical locations to contribute to Synnax's mission of revolutionizing credit intelligence.

Prerequisite

Kaggle Competition Submission

To be considered for an interview, candidates are required to make a submission to an ongoing Kaggle competition. Participation in the competition demonstrates practical skills in data science and machine learning, aligning with the requirements of the role. While the score on the Kaggle leaderboard does not directly impact the hiring process, successful participation indicates the candidate's proactive engagement and interest in the field.

Kaggle Competition Link

Candidates are encouraged to participate in the Kaggle competition, with crypto prizes awarded to the top three performers. Engaging in the competition not only provides an opportunity for skill demonstration but also allows candidates to enjoy the challenge and potentially earn rewards.

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