Associate Data Scientist, Model Risk Management - Toronto, Canada - Manulife

Manulife

Verified Company

Toronto, Canada

2 weeks ago

Posted by:

Sophia Lee

beBee Recruiter

Description

We are a leading financial services provider committed to making decisions easier and lives better for our customers and colleagues around the world.

From our environmental initiatives to our community investments, we lead with values throughout our business.

To help us stand out, we help you step up, because when colleagues are healthy, respected and meaningfully challenged, we all thrive.

Discover how you can grow your career, make impact and drive real change with our Winning Team today.

Working Arrangement
Hybrid

The Opportunity
This position is accountable for performing statistical / machine learning model validation, assessing model's risks and implementing controls to mitigate identified risks

Responsibilities

Performs validation of the high risk models as an independent reviewer.
Reviews model documentation, meets with the model owner to ensure understanding of the business problem.
Assesses the data for model development, checks assumptions, inputs to the model and does indepth analysis to identify potential issues.
Independently develops benchmark model to assess whether the proposed model behaviour is consistent with the detailed specifications and intended use.
Ensure the clarity and interpretability of the models by keeping current with new research and methodologies that can explain black box models.
Ensure that accurate and adequate model documentation and model risk mitigation processes are in place in order to appropriately assess and mitigate model risk.
Keeps informed of current practices and research in statistical and machine learning modelling techniques and risk management by reviewing academic literature, attending academic and practitioner workshops and conferences.
Provides technical advice and guidance to assigned business/group on implementation of the model validation framework, and resolution of model risk issues. Develops and maintains indepth knowledge of business and related model validation/risk management requirements and regulatory guidelines.

What motivates you?

You obsess about customers, listen, engage and act for their benefit.
You think big, with curiosity to discover ways to use your agile approach and enable business outcomes.
You thrive in teams and enjoy getting things done together.
You take ownership and build solutions, focusing on what matters.
You do what is right, work with integrity and speak up. You share your humanity, helping us build a diverse and inclusive work environment for everyone.

What we are looking for

Master's or PhD degree in Statistics, Math, Comp Science, Engineering or other related field
Minimum of 2 years' experience specifically in building statistical/ machine learning models, data analysis and data mining.
Experience with model risk management practices, and model life cycle.
Proficient in Python, R, and SQL with proven understanding of the others. Experience with Natural Language Processing, unstructured data, use of APIs.
Proven data transformation & manipulation experience.
Model validation experience is preferred.
Experience with the cloud platforms.
Strong commitment to organizational success and collaboration.
Adaptable and open to change with collaboration and communication skills. Insurance/Financial Services experience desired.

What can we offer you?

A competitive salary and benefits packages.
A growth trajectory that extends upward and outward, encouraging you to follow your passions and learn new skills.
A focus on growing your career path with us.
Flexible work policies and strong worklife balance. Professional development and leadership opportunities.

Our commitment to you
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Values-first culture:We lead with our Values every day and bring them to life together.
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Boundless opportunity:We create opportunities to learn and grow at every stage of your career.
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Continuous innovation: We invite you to help redefine the future of financial services.
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Delivering the promise of Diversity, Equity and Inclusion:We foster an inclusive workplace where everyone thrives.
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Championing Corporate Citizenship:We build a business that benefits all partners and has a positive social and environmental impact.

LI-Hybrid

About Manulife and John Hancock

Manulife Financial Corporation is a leading international financial services group that helps people make their decisions easier and lives better.

With our global headquarters in Toronto, Canada, we operate as Manulife across our offices in Asia, Canada, and Europe, and primarily as John Hancock in the United States.

We provide financial advice, insurance, and wealth and asset management solutions for individuals, groups and institutions.

At the end of 2022, we had more than 40,000 employees, over 116,000 agents, and thousands of distribution partners, serving over 34 million customers.

At the end of 2022, we had $1.3 trillion (US$1.0 trillion) in assets under management