Strategic Loss Forecasting Leader

6 days ago


Toronto, Ontario, Canada Momentum Financial Services Group Full time

Company Overview

Momentum Financial Services Group is a leading provider of financial services in North America, serving 2 million people annually with diverse and innovative financial products such as loans, cheque cashing, money transfer and prepaid cards.

Job Summary

We are seeking an experienced Sr. Manager, Loss Forecasting to join our team. In this role, you will be responsible for building and managing best-in-class loss forecast and reserve models based on internal portfolio health, credit performance trends and macro-economic factors.

Key Responsibilities

  • Partner with Finance, Accounting, Product, Credit and Collection teams to create proper model inputs
  • Evaluate and demonstrate reasonability of input assumptions for loss forecasting in new models and analyze resulting forecast outcomes during each forecast cycle for appropriateness
  • Develop and execute sophisticated credit loss forecasting models across multiple use cases in periodic forecast assessments, capital planning and stress testing scenarios
  • Analyze outcomes from new models alongside existing models to formulate ranges and understand varying dynamics
  • Collaborate with Credit Strategy, Collections, Finance, Accounting and Product teams to incorporate changes in underwriting and other business dynamics within the overall forecast

Requirements

To be successful in this role, you will need:

  • A degree in a quantitative discipline such as math, computer science, physics, economics, statistics etc.
  • Strong quantitative skills, including ability to work with mathematical concepts such as probability and statistical inference
  • Minimum 5 years of experience in a lending or financial institution with hands-on experience in portfolio analytics, loss forecasting, allowance (IFRS/CECL) modeling and reserve/provision

What We Offer

In return, we offer a competitive salary of $150,000 - $180,000 per annum, depending on experience, plus benefits package including health, dental and vision insurance, RRSP matching and paid time off.

Why Join Us?

Momentum Financial Services Group provides opportunities for professional growth and development, a collaborative work environment and a chance to make a real impact in the lives of our customers.



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