Specialist, Risk - Toronto - Fairstone

    Fairstone
    Fairstone Toronto

    4 days ago

    Full time
    Description

    Who we are

    Fairstone Bank and its family of brands deliver innovative, accessible and reliable financial solutions that enable Canadians to reach their goals. In 2024, Home Trust Company, Home Bank and Oaken Financial became part of the Fairstone Bank family of brands, alongside Fairstone, EdenPark and Fig. Together, we are the leading alternative lending bank in Canada, with a diverse suite of products including residential and commercial mortgages, consumer deposits and GICs, credit cards, retail and automobile financing, personal loans and digital lending. We offer financial solutions tailored to all Canadians, including newcomers, small-business owners, smart investors and savvy consumers. Backed by nearly a century of lending experience through its legacy companies, Fairstone Bank and its brand family are proud to be Canada's leading alternative lending bank.

    About the role

    The Specialist, Risk Modelling & Analytics is expected to independently perform quantitative portfolio risk analytics, support regular and ad hoc credit stress testing, provide pro-active risk assessment and analysis of emerging credit risks / early warning indicators, forecast Expected Credit Losses, design and development of new origination and portfolio management strategies and support the line of business with quality analytics.

    Responsibilities

    • Maintain performance monitoring on new accounts; ensure performance aligns with expected outcomes.
    • Proactively identify risk segments that are impacting portfolio performance and recommend enhancements.
    • Familiar with the concept of IFRS-9 including PD and LGD.
    • Design and develop dashboards to track KPIs and monitor quality of new originations and total portfolio.
    • Improve the portfolio's risk-reward trade-off and recommend enhancements and optimization.
    • Support the execution of enterprise stress testing that incorporates forward looking macroeconomic scenarios to support ICAAP and scenario analysis program.
    • Develop analytics and insights to find opportunity for revenue growth and loss mitigation.
    • Support the development of forecasting models by incorporating economic and portfolio scenarios.
    • Provide data and insights on all lending portfolios for senior management or external audiences, as required.
    • Participate as required in a variety of cross-functional teams to support corporate initiatives on digital strategies, new product launch and other high-priority initiative and projects.

    What we're looking for

    • Minimum 5 years in credit risk analytics within a financial institution.
    • Practical knowledge of leading industry best practices in statistical modelling, especially PD and LGD models for various products.
    • Practical knowledge of origination and account management strategy design.
    • Data mining, segmentation and statistical model development.

    What you'll love about working here

    • Award-Winning Culture: We're proud to be recognized as a Great Place to Work Canada 2025 and one of Montreal's Top Employers 2025 by Canada's Top 100 Employers.
    • Work-Life Balance: Enjoy flexibility with our hybrid work model designed to support your lifestyle.
    • Exclusive Perks: Discounts from top retailers via WorkPerks, plus location-based perks like gym memberships and Toronto Bike Share.
    • On-Site Fitness: Gym access at our London and Montreal offices.
    • Continuous Growth: Education Assistance Program and Fairstone Academy for training and skill development.
    • For more information on who we are as an employer, please see the linked information.

    What you can expect - pay & process

    • Expected base salary range is $ $ , plus the opportunity to earn an annual incentive bonus tied to performance.
    • This posting is for an existing vacancy within our organization.
    • Artificial intelligence may be used in parts of the recruitment process.
    • All candidates considered for hire must successfully pass a criminal background check, credit check, and validation of their work experience to qualify for hire.

    If what you read excites you, we'd like to hear from you Please submit your application and we'll contact you if you become selected for first stages of the interview process.

    Learn more:

    Follow us on LinkedIn:

    If you have a preferred language for communication, please inform us whether you prefer French or English on your application.

    Fairstone is an equal opportunity employer. Accordingly, we will make reasonable accommodations to respond to the needs of people with disabilities. Individuals who view themselves as Aboriginals, members of visible minorities, and disabled are encouraged to apply in confidence.

    Time Type: Full time

    Job Type: Temporary (Fixed Term)


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