Director, Credit Risk Analytics

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

Risk Management works closely with our business partners as the second line of defense to manage the Bank's risk exposure within our stated Risk Appetite, while allowing the business to achieve its goals. This role will lead the measurement and management of credit risk across the enterprise.

MAJOR ELEMENTS OF THE ROLE

Key accountabilities of this position include:

• Define and execute a comprehensive data analytics strategy aligned with the Bank’s strategic roadmap and credit risk appetite.
• Provide strategic insights to executive stakeholders, ensuring data-driven decision-making supports the bank’s growth and risk management objectives.
• Proactively work across the organization to understand new lending products, business processes and data sources to ensure the efficacy of the reporting and analytics framework.
• Provide sound portfolio oversight by ensuring that the Bank’s asset quality meets stated objectives and develop Key Risk Indicators which measure that risk profile remains within the Bank’s Risk Appetite.
• Develop and manage credit risk models in-line with the Bank’s Model Risk policies.
• Lead and communicate data-driven insights based on changes or trends in the exposure status of the Bank’s credit risks through advanced reporting tools, presentations, and dashboards that support executive decision-making.
• Enhance credit risk reporting and contribute to credit risk dashboard design, working to increase automation and ensure data accuracy and effective controls.
• Optimize credit policies using statistical analysis to support proactive management of loan losses and defaults and improve decision-making timelines.
• Build, lead, and nurture a high-performing team of data analysts fostering a culture of innovation, continuous improvement and partnership.
• Collaborate with cross-functional teams, including IT, Risk, Finance, and Operations, to integrate analytics into the organization’s core functions.
• Build out credit risk analytics capabilities, with an emphasis on the creation of modular tools that can be leveraged for forward-looking and ‘what-if’ analysis.
• Maintain a holistic view of the business to ensure the analytics team focuses on high-impact opportunities.

SKILLS AND EXPERIENCE REQUIRED

Qualifications

• Degree in Quantitative Finance, Data Science, or Statistics.
• 8+ years banking experience, particularly in data analytics, retail credit risk, and real estate-secured lending.
• Expertise in statistical modeling, machine learning, and data visualization tools (e.g., Python, R, SQL, Tableau, Power BI).
• Proven experience in managing data analysts, data scientists or data engineers across diverse functions.
• Continuous improvement mindset with ability to lead multiple priorities with competing timelines and develop creative solutions.
• Outstanding communication skills, with the ability to deliver executive-level presentations and influence stakeholders.
• Hybrid office 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 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 through 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:

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

• 200 Bay St., Toronto, ON M5J 2J1, Canada