Associate Director, REM Modelling

About the role

The Associate Director, REM Modelling (ADRM) is responsible for the development, enhancement, implementation, and ongoing monitoring of quantitative models supporting the Bank's Reverse Mortgage (REM) business. The role provides actuarial and analytical leadership across portfolio forecasting, risk quantification, capital assessment, stress testing, pricing analytics, and strategic business decision‑making.

Key responsibilities

• Lead the development, enhancement, and maintenance of quantitative models for the reverse mortgage portfolio, including forecasting balances, loan‑to‑value evolution, profitability and risk metrics.
• Design and maintain actuarial and predictive models covering borrower longevity, mortality, pre‑payment behavior, and property disposition assumptions.
• Build analytical frameworks for capital requirement assessment, stress‑testing outcomes and portfolio resilience under adverse economic scenarios.
• Develop risk‑based pricing and profitability models to support product optimization and strategic planning.
• Partner with Technology and Data teams to implement modelling solutions in production environments and ensure thorough documentation for validation and audits.

Required profile

• Bachelor’s degree in actuarial science, mathematics, statistics, economics, financial mathematics, data science or a related quantitative discipline.
• Associate or Fellow actuarial designation (e.g., ACIA, FCIA, ASA, FSA) strongly preferred.
• 7+ years of experience in actuarial modelling, predictive analytics, risk modelling or quantitative analytics within financial services.
• Proven experience developing forecasting and portfolio risk models for mortgage, lending or consumer finance portfolios.
• Strong understanding of actuarial methodologies such as mortality, longevity, survival analysis and stochastic modelling.

Required skills

• Statistical modelling
• Predictive analytics
• Machine learning