Associate Director, REM Modelling

EQ Bank | Equitable Bank

Associate Director modelling reverse-mortgage portfolios for EQ Bank, Canada’s challenger bank. Leading actuarial analytics, forecasting, stress testing, pricing, and risk governance.

Posted 8/7/2026full-timeToronto • 🇨🇦 CanadaSeniorWebsite

Core Competencies

Role fit

Core Competencies

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Demonstrates expertise in actuarial modelling, predictive analytics, and risk forecasting, with a strong focus on developing and maintaining quantitative models for reverse mortgage portfolios. Proficient in translating complex modelling outputs into actionable insights for stakeholders while ensuring compliance with regulatory standards.

Highest-signal resume keywords

Actuarial ModellingPredictive AnalyticsRisk ModellingStatistical ModellingForecasting Models

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Applicant Tracking System Keywords

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Hard Skills

Quantitative ModellingPortfolio Risk ModelsStochastic ModellingMachine Learning TechniquesMortality AnalysisLongevity AnalysisSurvival AnalysisBack-TestingBenchmarkingModel Validation

Soft Skills

CommunicationCollaborationProblem-Solving

Certifications & Qualifications

ACIAFCIAASAFSA

Industry Keywords

Reverse MortgageFinancial ServicesConsumer FinanceLendingInsurance

About the role

Key responsibilities & impact

Lead the development, enhancement, and ongoing maintenance of quantitative models supporting the Reverse Mortgage portfolio
Develop forecasting models for reverse mortgage balances, portfolio growth, LTV evolution, profitability, and portfolio performance
Design and maintain actuarial and predictive models for borrower longevity, mortality, voluntary move-out behaviour, prepayment activity, and property disposition assumptions
Develop property value forecasting methodologies and frameworks for capital requirements and stress testing
Perform model recalibrations, performance monitoring, back-testing, benchmarking, and remediation
Develop risk-based pricing analytics and profitability models
Partner with Technology and Data teams to implement modelling solutions in production
Support audits, regulatory reviews, and model validation activities
Develop and maintain Reverse Mortgage stress testing methodologies and support capital adequacy assessments
Act as a subject matter expert on reverse mortgage analytics and actuarial modelling
Promote best practices in model development, governance, validation, and documentation
Translate complex modelling outputs into actionable insights for senior stakeholders
Communicate model limitations, assumptions, risks, and results to technical and non-technical audiences
Escalate significant risks, model limitations, and issues to senior management

Requirements

What you’ll need

Bachelor’s degree in actuarial science, Mathematics, Statistics, Economics, Financial Mathematics, Data Science, or a related quantitative discipline
Associate or Fellow actuarial designation (ACIA, FCIA, ASA, FSA or equivalent) strongly preferred
Master’s degree in a quantitative discipline considered an asset
7+ years of experience in actuarial modelling, predictive analytics, risk modelling, or quantitative analytics within financial services
Experience developing forecasting and portfolio risk models
Strong understanding of mortality, longevity, survival analysis, risk forecasting, and stochastic modelling
Experience with mortgage, lending, insurance, or consumer finance portfolios considered a strong asset
Advanced knowledge of statistical modelling, predictive analytics, and machine learning techniques
Candidates considered for hire must successfully complete a criminal background check and credit check

Benefits

Comp & perks

Competitive discretionary bonus
Market leading RRSP match program
Medical, dental, vision, life, and disability benefits
Employee Share Purchase Plan
Maternity/Parental top-up while you care for your little one
Generous vacation policy and personal days
Virtual events to connect with your fellow colleagues
Professional development and comprehensive Career Development program
Fulfilling opportunity to join one of the top FinTechs and help create a new kind of banking experience