Core Responsibilities Model Development & Portfolio Analytics Lead the development, enhancement, and ongoing maintenance of quantitative models supporting the Reverse Mortgage portfolio.

Develop forecasting models for reverse mortgage balances, portfolio growth, loan-to-value (LTV) evolution, profitability, and portfolio performance.

Design and maintain actuarial and predictive models related to borrower longevity, mortality, voluntary move-out behaviour, prepayment activity, and property disposition assumptions.

Develop and maintain house price appreciation and property value forecasting methodologies supporting portfolio risk assessments.

Build analytical frameworks used to evaluate capital requirements, stress testing outcomes, and portfolio resilience under adverse economic scenarios.

Develop behavioural and scenario-based forecasting models to support strategic planning, budgeting, and long-range business forecasts.

Assess emerging trends and risks impacting the reverse mortgage portfolio, including housing market dynamics, demographic changes, longevity risk, and interest rate environments.

Perform model recalibrations, performance monitoring, back-testing, benchmarking, and remediation activities.

Develop risk-based pricing analytics and profitability models to support business strategy and product optimization.

Support portfolio management and business decision-making through advanced analytics and risk insights.

Partner with Technology and Data teams to implement modelling solutions within production environments.

Ensure model documentation is complete, transparent, and validation-ready.

Support internal audits, regulatory reviews, and model validation activities by providing technical expertise and documentation.

Capital & Stress Testing Develop and maintain Reverse Mortgage stress testing methodologies and scenario frameworks.

Support capital adequacy assessments related to reverse mortgage exposures.

Quantify the impact of changes in property values, interest rates, longevity assumptions,



and borrower behaviour on portfolio performance.

Support enterprise stress testing and capital planning initiatives as they relate to the REM portfolio.

Technical Leadership Act as a subject matter expert on reverse mortgage analytics and actuarial modelling.

Promote best practices across model development, governance, validation, and documentation.

Evaluate emerging modelling methodologies, tools, and industry practices.

Provide technical guidance and challenge to modelling initiatives across Risk Analytics.

Stakeholder Relationship Management Develop strong relationships with leaders across Reverse Mortgages, Credit Risk, Finance, Treasury, Risk Management, and Technology.

Translate complex modelling outputs into actionable business insights for senior stakeholders.

Communicate model limitations, assumptions, risks, and results clearly to technical and non-technical audiences.

Escalate significant risks, model limitations, and issues to senior management when required.

Let's Talk About You 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 is 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 actuarial methodologies including mortality, longevity, survival analysis, risk forecasting, and stochastic modelling.

Experience working with mortgage, lending, insurance, or consumer finance portfolios considered a strong asset.

Advanced knowledge of statistical modelling, predictive analytics, and machine learning techniques.

What we offer [For full-time permanent roles] Competitive discretionary bonus Market leading RRSP match program Medical, dental, vision, life, and disability advantages Employee Share Purchase Plan

📌 Associate Director, REM Modelling (Toronto)
🏢 Equitable Bank
📍 Toronto