Remote Data Scientist Risk Jobs in Toronto, ON (NOW HIRING)

At Momentum Financial Services Group, we help people move forward by reimagining how money works for those who need it most. With more than 40 years of experience, we're the team behind Money Mart-Canada's largest non-bank branch network-and a leader in financial solutions for underserved communities.

From short-term loans to money transfers and prepaid cards, we power the products, technology, and operations that connect over a million customers a year to the money they need, when they need it.

At MFSG, we come together across teams and departments to create something bigger than ourselves: solutions that remove barriers and give people access to money they might not get anywhere else. Whether you're solving problems, building systems, or shaping strategy, your work fuels real support for real people.

Compensation Philosophy: Our strategy is simple-we aim to match the market. We regularly review industry standards to ensure our total rewards package is competitive and fair. This commitment helps us attract and retain talented individuals who share our purpose.

Discretionary Annual Bonus: Enjoy the opportunity for a discretionary bonus based on individual performance and company success.

Comprehensive Benefits: Our benefits include health and dental plans with 100% of the premiums covered. We also offer an Employee Assistance Program to support your mental well-being and provide resources for personal challenges.

Retirement Plans: Plan for your future with our robust retirement savings options, ensuring you're set for the long haul.

Hybrid Work Environment: Experience the best of both worlds with our hybrid work model, allowing you to balance remote work with in-office. When you're at our corporate head office, enjoy a relaxed and collaborative environment featuring breakout rooms for brainstorming and unwinding, plus a variety of snacks to keep you energized throughout the day.

Perks and Rewards: Enjoy reimbursement for tuition assistance and professional development, discounts through Perkopolis and participate in our rewards and recognition programs to celebrate your contributions.

We're seeking a Data Scientist to develop advanced analytical and machine learning solutions that support credit risk, fraud detection, marketing optimization, and customer segmentation. This role will leverage large-scale data to generate insights, improve decision-making, and drive measurable business impact across the organization.

Advanced Analytics & Modeling:

• Design, develop, validate, and deploy predictive and prescriptive models across financial products

• Apply machine learning, statistical, and optimization techniques to solve business challenges such as credit risk, fraud detection, pricing, and customer acquisition

• Ensure models are scalable, compliant, and deliver measurable impact

Data Exploration & Feature Engineering:

• Analyze large and complex datasets to identify patterns and extract meaningful features

• Improve model performance through data-driven insights

Collaboration & Communication:

• Partner with data engineers, product teams, risk teams, and business stakeholders

• Translate business needs into data science solutions and communicate insights effectively

Model Governance & Compliance:

• Ensure models align with regulatory requirements and internal governance standards

• Support audit and validation processes

Continuous Improvement & Innovation:

• Monitor model performance and implement enhancements or retraining

• Explore new tools, techniques, and approaches to improve outcomes

Cross-Functional Initiatives:

• Lead and support projects such as portfolio optimization and customer behavior analysis

• Collaborate across business lines including marketing, operations, and card services

• 2+ years of experience in financial services, credit risk, fraud analytics, or marketing analytics

• 2+ years of experience applying data science to solve business problems

• Strong experience with SQL, Python, R, or similar analytical tools

• Ability to perform descriptive, diagnostic, predictive, and prescriptive analytics

• Strong problem-solving skills with the ability to translate data into actionable insights

• Bachelor's degree in a quantitative field such as Computer Science, Data Science, Statistics, Mathematics, Economics, Finance, or Engineering

• Master's or PhD in a related field is an asset

• Proficiency in programming languages such as Python (preferred), R, or SAS

• Strong SQL skills for data extraction and analysis

• Experience with machine learning libraries and statistical modeling

• Familiarity with NLP and modern AI techniques (e.g., LLMs) is an asset

• Strong analytical thinking and ability to work with large datasets

Ready to turn data into impactful insights and drive smarter decisions? Join us and help shape the future of data science at MFSG.

MFSG is committed to accommodating applicants up to the point of undue hardship during the recruitment, assessment and selection process. If you are selected for an interview, please notify MFSG if you require accommodation in respect of the materials or procedures used at any time during this process. If you require accommodation, MFSG will work with you to determine how to meet your needs.

Please note: The salary range, inclusive of bonus, for this position is between C$ 95,000 to C$ 105,000.

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