Data Scientist

Department: Risk Management/ Credit Analytics

Reports to: President

• Job type – Permanent, full time
• Location – Remote (within Canada)
• Working hours – Standard business hours PST

Your Talent, Your Terms | Results, Recognition and Rewards

What’s The Job

We are seeking a highly analytical and detail-oriented Data Scientist to join our Credit Risk Management team. In this role, you will be responsible for developing, validating, and maintaining credit risk models used to assess the level of credit risk associated with lending activities. This includes models such as Probability of Default (PD), Loss Given Default (LGD), Exposure at Default (EAD), Pre-Provision (PP), Stress Testing Models, and Challenger Models.

You will conduct in-depth data analysis, ensure model compliance with regulatory standards, and collaborate with various business units to support risk mitigation strategies and improve portfolio performance.

What You’ll Be Doing

• Develop, implement, and maintain credit risk models (PD, LGD, EAD, PP, Stress Testing, Challenger Models) using advanced statistical, machine learning, and data science techniques.
• Conduct stress testing and scenario analysis to quantify risk under various economic conditions.
• Extract, clean, and analyze large datasets to support model development, testing, and validation.
• Perform model performance monitoring and back-testing to ensure ongoing accuracy and robustness.
• Prepare comprehensive model documentation and validation reports in line with internal standards and regulatory expectations.
• Ensure all models are compliant with regulatory frameworks such as Basel III, IFRS 9, and internal risk policies.
• Collaborate with stakeholders across risk, finance, compliance, and IT teams to integrate models into enterprise systems and decision-making processes.
• Track and report deviations in risk metrics, providing recommendations for model improvements or risk mitigation actions.
• Support internal and external audit activities, including documentation and responses to examiner inquiries.
• Stay abreast of regulatory developments, industry best practices, and advancements in credit risk modeling.

What You Bring

• Required:

• Education: Bachelor’s, Master’s, or PhD in Data Science, Statistics, Economics, Finance, Mathematics, or a related field.

• Experience: Minimum of 3 years of experience in credit risk modeling, financial risk analysis, or data science within banking or financial services.

• Strong technical proficiency in SAS, R, Python, or similar statistical tools.

• Experience with data visualization tools such as Tableau, Power BI, or similar.

• Proven knowledge of credit risk management frameworks and regulatory requirements (e.g., Basel III, IFRS 9).

• Experience in portfolio risk analysis, single risk factor shocks, stress loss calculations, and related concepts.

• High attention to detail and strong problem-solving abilities.

• Excellent verbal and written communication skills, with the ability to explain complex models to non-technical stakeholders.

• Strong time management and multitasking skills in a dynamic, fast-paced environment.

• A collaborative mindset and the ability to work both independently and as part of cross-functional teams.

• Preferred:

• Experience with big data tools or cloud platforms

• Familiarity with challenger model development or machine learning-based credit scoring

• Certification in risk or financial modeling is a plus

Why Join TFG

TFG’s culture is results, recognition and rewards based, with a focus on achieving results in a high performing team environment.

As part of the Travelers Financial Group of Companies, TFG Financial Corporation is one of the largest independent commercial equipment finance companies in Canada. We provide financing and leasing for a variety of revenue-producing assets such as trucks, trailers, light to heavy construction equipment, and manufacturing and material handling equipment. Our mission is to be our customer’s first choice by making equipment financing easy while providing a wide range of financing solutions.

TFG is an equal opportunity employer and employs team members without regard to race, colour, ancestry, place of origin, political belief, religion, marital status, family status, physical disability, mental disability, sex, sexual orientation, gender identity or expression, age, or any other protected personal characteristic.

Results, Recognition, and Rewards: At TFG, we are driven by results and committed to recognizing and rewarding your achievements. Through performance-based rewards and growth opportunities, your contributions are valued and acknowledged, motivating you to continue excelling in your role.

Growth opportunities and supportive leadership: Our leaders are committed to your professional growth and success. They provide guidance, resources to help you develop your skills, expand your knowledge, and achieve your career goals within the organization.

Employer paid benefits: At TFG, we prioritize the well being of our team by offering a comprehensive benefits package. Our medical and dental plan includes vision care and life insurance, ensuring you and your dependents have the coverage you need.

Employee Investment Program: We believe in helping you achieve your financial goals. Our investment program offers the choice of RRSP, TFSA, and Cash accounts. To further support your savings, TFG provides a company matching program, helping you grow your investments more effectively.

Promoveo: TFG Financial celebrates choice and offers the ability to work in office (Vancouver, BC), hybrid or remote (for most roles). We know that our team members are the most important part of our business and we trust in our team members to work in a way that provides them the ability to succeed in their work.