21 Jan
HomeEquity Bank
Old Toronto
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.
- Customer-Focused. Passionate Advocates
- Courage to Act. Do the Right Thing
- One Team. One Vision
- Think Long-Term. Ever-Evolving
- Be Exceptional.
Inspire Greatness
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 support the measurement and management of credit risk across the enterprise.
MAJOR ELEMENTS OF THE ROLE
Key accountabilities of this position include:
- Enhance credit risk reporting and contribute to credit risk dashboard design, working to increase automation and ensure data accuracy and effective controls.
- Build out credit risk analytics capabilities, with an emphasis on the creation of modular tools that can be leveraged for forward-looking analysis.
- Contribute to design of simulation engine to run portfolio what-ifs and identify key pockets of portfolio risk.
- 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.
- Provides sound portfolio oversight by ensuring that the Bank’s asset quality meets stated objectives and develops Key Risk Indicators which measures that risk profile remains within the Bank’s Risk Appetite.
- Produces and communicates data-driven insights based on changes or trends in the exposure status of the Bank’s credit risks.
SKILLS AND EXPERIENCE REQUIRED
Qualifications
- Degree in Quantitative Finance, Data Science, or Statistics.
- 5+ years banking experience, particularly retail credit risk, and real estate-secured lending.
- Advanced Python skills with experience implementing risk models or building analytic frameworks. Stress testing and Monte Carlo simulation experience a plus.
- Python and PowerPoint proficiency in data visualization, chart design and report generation.
- Continuous improvement mindset with strong desire to enhance processes and develop creative solutions.
- Strong ability to identify data anomalies, continually check numbers against golden sources and to self-police for errors.
- Experience with Google Cloud Platform is a plus.
- To collaborate successfully at work, you should have good interpersonal and communication skills to build effective working relationships with your colleagues.
Working Conditions Unique to Job
- Hybrid working environment
WHY WORK AT HOMEEQUITY BANK?
Great Environment
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
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.
Other details
- Job Family Non-sales
- Pay Type Salary
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