Senior Product Data Analyst

HomEquity Bank; Toronto; Hybrid; CAD 125,000 - 150,000; Full time

Job summary

A leading Canadian financial institution is seeking a Senior Product Data Analyst in Toronto. This role involves leveraging data analytics and machine learning to optimize portfolio performance and inform pricing decisions. Ideal candidates have a strong background in data science, experience in financial services, and proficiency in Python and SQL. Join this dynamic team focused on enhancing reverse mortgage solutions.

Benefits

Extended health and dental benefits

Employee & Family Assistance Program

Employer-Matched Group Retirement Savings Plan

Employee Share Investment Plan

Well-being initiatives including wellness account

Qualifications

• Bachelor's or master's degree in a related quantitative field is required.
• Relevant experience in launching and executing data science projects in financial services.
• Strong understanding of statistical techniques and predictive modeling.

Responsibilities

• Provide actionable insights for pricing strategies and portfolio management decisions.
• Develop and maintain KPIs for portfolio health.
• Design and maintain pricing models for Reverse Mortgages.

Skills

Data analytics

Machine learning

Statistical techniques

Python

SQL

Agile methodologies

Education

Bachelor's or master's degree in computer science, data science, engineering, operations research, statistics, applied mathematics

Tools

Python

SQL

Job description

Senior Product Data Analyst page is loaded

Senior Product Data Analyst

Apply locations Toronto - Headquarters time type Full time posted on Posted 10 Days Ago job requisition id JR100253

WHO WE ARE

HomeEquity Bank is a Schedule 1 Canadian chartered bank and the leading national provider of reverse mortgages, with a growing portfolio. As the only bank solely dedicated to serving homeowners 55 and up, we’re passionate about helping Canadian homeowners live retirement on their terms. We live that commitment every day, with a range of reverse mortgage solutions that include our flagship CHIP Reverse Mortgage product.

OUR VALUES, OUR PASSION

At HomeEquity Bank, our values drive and inspire our actions with our customers, our partners and each other.

• Customer-Focused. Passionate Advocates
• Courage to Act. Do the Right Thing
• One Team. One Vision
• Think Long-Term. Ever-Evolving
• Be Exceptional. Inspire Greatness

POSITION SUMMARY

As a Senior Product Data Analyst in the Portfolio Management team, you will be instrumental in leveraging data analytics and machine learning techniques to optimize portfolio performance and inform key pricing and profitability decisions. You will support a range of initiatives that directly impact the bank’s product offerings and portfolio strategy. In this role, you will work closely with cross-functional teams, including Product, Risk, Finance, IT, and Operations, to integrate advanced data-driven insights into strategic decisions and drive business outcomes.

MAJOR ELEMENTS OF THE ROLE

Key accountabilities of this position include:

Data-Driven Decision Support:

Provide actionable insights from internal and external data sources to support pricing strategies, profitability analysis, and portfolio management decisions. Utilize machine learning models and statistical techniques to identify trends and optimize business performance.

Portfolio Performance Analysis:

Develop and maintain key performance indicators (KPIs) for portfolio health, including risk, profitability, and growth metrics. Create actionable reports that inform the ongoing management of the bank’s portfolio.

Reverse Mortgage Pricing Models:

Design, develop, and maintain pricing models for Reverse Mortgages using Python and other advanced analytics tools. Ensure models are robust, scalable, and optimized to support business needs.

Cross-Department Collaboration:

Collaborate with teams across IT, Sales, Marketing, Risk, Finance, and Operations to deliver on the bank’s data strategy. Work together to implement data science initiatives that enhance the bank’s product offerings and market position.

Data Science for Business Solutions:

Apply financial and banking domain knowledge to build data science models and solutions that drive value for the business. Identify data science opportunities to support strategic initiatives across the portfolio management lifecycle.

Model Lifecycle Management:

Support data governance initiatives with a focus on model development, deployment, and maintenance. Manage the full lifecycle of predictive models, ensuring their alignment with regulatory requirements and business goals.

SKILLS AND EXPERIENCE REQUIRED

• A bachelor’s or master’s degree in computer science, data science, engineering, operations research, statistics, applied mathematics, or a related quantitative field is required

• Relevant project experience in successfully launching, planning, and executing data science projects, preferably in the financial services industry

• Proven understanding of the underlying statistical techniques, machine learning theory and predictive modeling lifecycle.

• Substantial software development experience in one or more of the following languages (Python, R, Scala, Java) and strong knowledge of relational databases and SQL

• Experience deploying machine learning software solutions to cloud-based & on-premises environments

• Ideally the candidate is experienced in Agile methodologies and applying DevOps/MLOps workflows to the creation of data science and ML pipelines

• Demonstrated strong analytical and problem-solving skills and the ability to communicate technical concepts in clear language to stakeholders

WORKING CONDITIONS UNIQUE TO THE JOB

• Hybrid work environment

WHY WORK AT HOMEEQUITY BANK?

Great Environment

HomeEquity Bank offers a hybrid working environment supported with a culture of flexibility – an approach that is unique to each person, and that enables both business and individual needs to be met in a mutually beneficial way.

We pride ourselves in recognizing and celebrating performance, community service, teamwork, and diversity among our employees.

A Dynamic Culture – With People at the Centre

We believe our people make all the difference; our tireless commitment to inclusivity, professional development, and employee experience has been recognized through awards including the Greater Toronto’s Top Employers 2024,Waterstone Canada's Most Admired Corporate Cultures 2022-2023, the Globe and Mail's Report on Business: Canada's Top Growing Companies 2022 (third year since 2019), Canadian's Mortgage Professional (CMP) Top Mortgage Employer 2023 for the third year in a row and Achievers Top 50 Most Engaged Workplaces 2023.

Growth and Opportunities
We provide challenging and rewarding careers in a wide variety of fields. We continuously develop and train our employees through professional growth opportunities and on-the-job training. We also encourage our employees to develop professionally and personally though a series of career developing programs including our Educational Assistance Program, designed to reimburse costs related to professional learning and development.

Celebrating Great Work and People

We believe in an environment that celebrates success, knowledge, leadership, and work that is inspired by our core values. For these reasons, we have created several programs that make it easy for our employees to say ‘great job’ to their colleagues and leaders.

From our Appreciate! Program to the High Five Award Program and President’s Award Program, we recognize professional achievement with a variety of rewards including points towards gift cards, merchandise, and travel experiences, as well as group RRSP/DPSP contributions and more.

Our Community Leadership Program recognizes employees who make a positive impact in their communities through volunteer work with a grant for their charity of choice. Additionally, we provide employees with one paid day off each year to volunteer at their favourite local charity.

The Perks

• HomeEquity Bank offers a competitive total rewards package that includes:
• Extended health and dental benefits
• Employee & Family Assistance Program
• Employer-Matched Group Retirement Savings Plan
• Employee Share Investment Plan
• Well-being initiatives including: a wellness account; virtual self-care programs and extended mental health benefits
• Employee corporate discount for GoodLife Fitness
  

HomeEquity Bank is committed to an inclusive, equitable and accessible workplace. Accommodations are available on request for candidates taking part in all aspects of the selection process. To request accommodation, please contact your recruiter.

Please note that our successful candidate is required to complete a background check.

Stay in the Know

Find out what we’re up to online, and learn more about what makes HomeEquity Bank a great place to work:

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Join Us! If you’re ready to build the future of reverse mortgages, we want to hear from you.