Sr Analyst, Model Development & Validation

Fairstone Financial Inc.; Toronto; Hybrid; CAD 85,000 - 95,000; Full time

Job summary

A prominent financial services company in Toronto is seeking a Sr Analyst, Model Development & Validation. This role involves managing the end-to-end model lifecycle, including development and validation of credit risk scoring models. Candidates should have experience in predictive modeling using statistical methods and data manipulation in SAS and SQL. The company offers a hybrid work model, comprehensive wellness benefits, and development opportunities.

Benefits

Work-Life Balance: 37.5-hour workweek with a hybrid model

Wellness: 24/7 well-being solutions

Minimum 15 paid vacations, 6 wellness days

Paid Volunteer Day

Pension plan with contributions

Access to training and skill development

Qualifications

• 2+ years in analytics and predictive modeling in financial services, especially Credit Risk Analytics.
• Understanding of credit risk model development, validation, and monitoring.
• Strong data manipulation skills in SAS and SQL.

Responsibilities

• Develop and validate risk management & marketing models using techniques like Decision Trees.
• Assist in model validation to identify and mitigate risks.
• Prepare documentation for regulatory compliance.

Skills

Logistic Regression

Machine Learning

SAS

SQL

Data Manipulation

Education

Bachelor’s degree in statistics, economics, actuarial sciences, engineering, or mathematics

Tools

Excel

Access

AWS Data Science tools

Job description

Sr Analyst, Model Development & Validation page is loaded

Sr Analyst, Model Development & Validation

Apply locations Toronto, Ontario | Full time | Posted 2 Days Ago | Job requisition id R23168

At Fairstone, our culture is built on strong values and leadership principles that define our expectations for working together and with our customers. We help Canadians find the right solutions to meet their needs with a variety of products and services. Our values guide our actions to ensure the best experience for our customers.

Join our talented and growing team! We are seeking a Sr Analyst, Model Development & Validation, reporting to the Manager, Model Validation.

In this role, you will manage the end-to-end model lifecycle, including development, validation, implementation, monitoring, and maintenance of credit risk scoring models. The ideal candidate will have experience in building predictive models using statistical methods like logistic regression and machine learning, validating models to mitigate risks, and strong data manipulation skills in SAS & SQL.

We promote an inclusive workplace where diverse perspectives drive innovation and excellence.

WHY JOIN US?

We are proud to be recognized as one of Montreal's Top Employers for 2025 for the fifth consecutive year.

WE OFFER:

• Work-Life Balance: 37.5-hour workweek with a hybrid model (3 days in-office).
• Wellness: 24/7 well-being solutions.
• Time Off: Minimum 15 paid vacations, 6 wellness days, plus federal holidays.
• Community Support: Paid Volunteer Day.
• Retirement Planning: Pension plan with employee and employer contributions, plus the Fairstone Retirement Savings Plan.
• Development: Access to Fairstone Academy for training and skill development.
• Employee discounts on various products and services.

KEY RESPONSIBILITIES:

• Develop and validate risk management & marketing models using techniques like Decision Trees, Logistic Regression, and Machine Learning algorithms.
• Support operational model deployment ensuring accuracy and timeliness.
• Assist in model validation to identify and mitigate risks, providing expertise and recommending solutions.
• Discuss validation outcomes with stakeholders and implement necessary changes.
• Maintain ongoing model monitoring processes.
• Prepare documentation for regulatory compliance.
• Collaborate with external partners to meet data and analytic needs.
• Stay updated on new modeling techniques and industry best practices.
• Provide technical guidance and data-driven insights to management.
• Present findings to both technical and non-technical audiences using visualization tools.

QUALIFICATIONS:

• 2+ years in analytics and predictive modeling in financial services, especially Credit Risk Analytics, with 2+ years in SAS and SQL.
• Bachelor’s degree in statistics, economics, actuarial sciences, engineering, or mathematics.
• Understanding of credit risk model development, validation, and monitoring.
• Strong data manipulation skills in SAS and SQL.
• Knowledge of statistical techniques (regression, Bagging & Boosting, clustering).
• Experience with large databases, data mining, and warehousing.
• Proficiency in Excel and Access or similar database software.
• Understanding of financial products and risk management tools.
• Experience with loss forecasting models (e.g., IFRS9, Basel) is a plus.
• Knowledge of AWS data science tools or Altair Knowledge Studio is an asset.
• Excellent communication skills and ability to handle multiple projects.
• Attention to detail and adaptability.

Note: This role is currently vacant.

We are recognized as a Great Place to Work Canada for 2025 and Montreal's Top Employers 2025.

Learn more: https://www.fairstone.ca/en/about/canadian-lender

Follow us on LinkedIn: https://www.linkedin.com/company/fairstone

Please specify your preferred language for communication in your application.

Fairstone is an equal opportunity employer and provides accommodations for individuals with disabilities. Applicants from Aboriginal, visible minority, and disabled groups are encouraged to apply confidently.

Time Type: Full time

Job Type: Permanent

Fairstone Bank of Canada and its subsidiaries offer various financial solutions across Canada. More at FairstoneBank.ca.