Remote Data Scientist (Credit Risk)

Description:

• KOHO is seeking a Data Scientist to join their expanding Risk Team and enhance data operations.
• The role involves designing and developing statistical credit risk models (PD, EAD, and LGD) for various retail lending products.
• Responsibilities include performing feature engineering from traditional credit risk and alternative data sources.
• The Data Scientist will assist with model deployment, monitoring, and recalibrations as needed.
• The position requires leading complex insights projects to identify patterns in data and forecast future scenarios.
• The candidate must be organized and skilled in transforming and preparing large datasets for analysis.
• Creating dashboards and conducting ad-hoc analyses to address urgent data-related inquiries is essential.
• The role involves drafting detailed documentation of results, insights, and methodologies on a project basis.
• Coordination and communication with multiple stakeholders are required.
• The Data Scientist will present models and analyses in Credit Committee meetings and seek approval from business owners and leadership teams.
• The position also entails representing the risk modeling function and promoting its visibility and value within the business.

Requirements:

• A Bachelor's, Master’s, or Ph.D. degree in a quantitative field, economics, business, engineering, or equivalent is required.
• The candidate must have 5+ years of experience collaborating with data, engineering, and business teams.
• Sound statistical knowledge, including descriptive statistics, hypothesis testing, probability distributions, correlation analysis, sampling techniques, and machine learning, is essential.
• Understanding the fundamentals of scorecard development, including weight of evidence and information value, is necessary.
• Exposure to regulatory requirements (OSFI, Basel, EBA) for retail risk modeling is required.
• The candidate should have a curiosity about lending processes and resilience in exploring data patterns to find solutions.
• Extensive model validation experience and experience working with retail lending products are mandatory.
• Proficiency in predictive credit risk modeling and hands-on experience with data transformations, analysis, modeling, and documentation are required.
• A passion for applying data science in financial services and innovative ideas for enhancing customers' financial lives is essential.
• Exceptional analytical and problem-solving abilities are necessary.
• Proficiency in SQL and Python is required.

Benefits:

• KOHO offers company-wide summer wellness days, winter holiday closure, personal days, a wellness spending account, and maternity & parental leave top-up to promote work-life balance.
• The company operates on a remote-first model, allowing employees to work from anywhere in Canada with a budget to set up their home office.
• Employees have access to an in-house certified performance coach and an annual training budget for professional development.
• Salary assessments are conducted twice per year to ensure competitive compensation.
• KOHO has received 7 "Great Place to Work ®" awards since 2019, reflecting its positive culture.
• Every employee receives a generous amount of equity with a 10-year exercise window, promoting a sense of ownership in the company.