Data Scientist – Banking & Capital Calculations

Data Scientist – Banking & Capital Calculations:

On behalf of our Banking client, Procom is searching for a Data Scientist – Banking & Capital Calculations for a 5-month role. This position is a hybrid position with 3-4 days onsite at our client’s Toronto office.

Data Scientist – Banking & Capital Calculations - Job Description:

The project involves the development of a unified data mart for the bank's data to support data-driven decision-making, particularly in capital calculations and regulatory reporting. The role requires leveraging advanced data science techniques to refine and create a unified data model as the bank transitions to an internal rate-based model as mandated by OSFI regulators.

Data Scientist – Banking & Capital Calculations - Responsibilities:

• Analyze large, complex datasets from banking and capital markets domains to extract insights and identify trends
• Develop, validate, and deploy statistical models and machine learning solutions to support business initiatives
• Collaborate with business stakeholders to translate financial and regulatory requirements into analytical solutions
• Support risk, compliance, and regulatory reporting use cases (e.g., stress testing, credit risk)
• Perform data exploration, feature engineering, and model performance evaluation
• Design and optimize SQL queries for data extraction, transformation, and analysis
• Develop analytics workflows and models using Python and related libraries
• Communicate insights through dashboards, visualizations, and clear documentation
• Ensure data quality, integrity, and compliance with internal governance and regulatory standards

Data Scientist – Banking & Capital Calculations - Mandatory Skills:

• 10+ years’ proven experience as a Data Scientist or Analyst, with at least 5+ within Banking or Capital Calculations
• 5+ years’ proficiency in SQL for complex data querying and performance optimization
• 2+ years hands-on experience with Python (basic coding knowledge)
• Experience working with large structured and unstructured datasets
• Solid grounding in statistics, data analysis, and predictive modeling

Data Scientist – Banking & Capital Calculations – Nice-to-Have Skills:

• Strong understanding of financial products, markets, and industry data
• Knowledge of regulatory frameworks and reporting
• Familiarity with data visualization tools (e.g., Power BI, Tableau)
• Basic understanding of LLMs, AI tools e.g. CoPilot

Data Scientist – Banking & Capital Calculations – Assignment Length:

This is a 5-month contract position with the possibility of extension and conversion to full-time employment.

Data Scientist – Banking & Capital Calculations - Start Date:

ASAP.

Data Scientist – Banking & Capital Calculations - Assignment Location:

Toronto, Ontario, Canada. This is a hybrid position requiring 3-4 days in the office based on business needs.