Senior Product Data Analyst

HomeEquity Bank; Toronto; Hybrid; CAD 80,000 - 110,000; Full time

Job summary

Join HomeEquity Bank as a Senior Product Data Analyst, leveraging data analytics and machine learning to optimize portfolio performance and inform pricing strategies. Work within a hybrid environment alongside cross-functional teams to drive business outcomes and support initiatives that impact product offerings.

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

Corporate discounts for GoodLife Fitness

Qualifications

• Experience in launching and executing data science projects.
• Strong knowledge of machine learning theory and predictive modeling.
• Software development experience in Python or related languages.

Responsibilities

• Provide actionable insights from data sources for pricing strategies.
• Develop and maintain pricing models for Reverse Mortgages.
• Collaborate with cross-functional teams to deliver on data strategy.

Skills

Data analysis

Machine learning

Data visualization

Statistical analysis

Problem-solving

Education

Bachelor’s or Master’s degree in computer science or related field

Tools

Python

R

SQL

Job description

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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.

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.

• Courage to Act. Do the Right Thing
• One Team. One Vision
• Think Long-Term. Ever-Evolving

Position Summary

As a Senior Data Science 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

Data-Driven Decision Support

Key accountabilities of this position include :

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.

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.

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?

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

About

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

LinkedIn

Youtube

Facebook

Twitter

Instagram

Chip.ca

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

Seniority level

Seniority level

Mid-Senior level

Employment type

Employment type

Full-time

Job function

Job function

Information Technology

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