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Advisor, Modelling (Anywhere in Canada)

Job Requisition ID: 8269  

Language Designation: English Essential 

Language Skill Levels (Read/Write/Speak): ZZZ 

Starting Base Salary: 117034.75 

Position Status: Permanent Full Time 

Travel Requirement: Limited 

Office Location: Calgary (AB); Halifax (NS); Montreal (QC); Ottawa (ON); Toronto (ON); Vancouver (BC)

 

Help make a difference for Canadians. CMHC’s aspiration is that by 2030, everyone in Canada has a home that they can afford and that meets their needs. All of our programs and activities support this singular goal.
 

Join the Capital Markets and Treasury Oversight & Risk Analytics division, where we use financial risk oversight to monitor and support financial stability mandate. Bring your strong skills in modelling research and analysis to the Advisor, Modelling role.

 
This permanent position is an exceptional opportunity to become a member of the Risk Oversight team, where you will serve as a key contributor to the growth of intellectual capital across the organization and influence the development of advanced risk analysis, data science and knowledge of Canada’s financial and mortgage sectors.  You will act as an expert on modelling and analysis techniques, on methodology and on mortgage and credit risk standards.  You will lead pilot modelling initiatives and use the results to influence the creation of new modelling and analysis techniques and standards at CMHC.  You will lead the examination of market trends and trends in macroeconomic variables and interpret the results in order to enhance operational knowledge, resolve complex problems or make recommendations to management on strategic decisions.
  
Responsibilities:
 
Research, Development and Implementation
•  Lead research on models and study industry practices in order to influence management and make transformative recommendations to management on the future and evolution of risk analysis and modelling at CMHC.
•  Lead the development of innovative models in order to advance CMHC’s knowledge of mortgage and credit risks.
•  Using research findings, lead model-development initiatives or make cross-functional recommendations to management on new modelling and analysis standards and techniques.
•  Lead the continuous examination of industry trends, as well as trends related to tools and techniques in order to make recommendations and influence innovation in modelling, big data analysis, data science or machine learning at CMHC.
 
Analysis and Oversight
•  Address and resolve complex issues. 
•  Ensure the appropriate tools and techniques for the interpretation and use of models are provided to and understood by stakeholders.
•  Manage the documentation of models and ensure all documentation is completed according to corporate protocol. 
•  Oversee the development of model controls, such as change management protocols, and ensure appropriate controls are in place. 
 
Strategy and Relationship Management
•  Manage the quality control of all models, data analytics and reporting, ensuring that risks are mitigated and that sound and timely results are produced.
•  Provide direction and continuous progress oversight on new initiatives and advise clients, including members of senior management, of any issues arising.
•  Lead the application of complex analysis and modelling techniques to solve problems and assess risks strategically in order to provide direction for strategic decisions.
•  Lead strategic discussions on modelling both internally and externally to influence the knowledge and modelling of mortgage and credit risks.
•  Maintain relationships with internal and external partners to ensure the bidirectional knowledge transfer required to develop, validate and implement models, and interpret their results using state-of-the-art methods and technology.
 
Minimum Qualifications:
 
•  University degree (ideally at the graduate level) in a quantitative discipline such as finance, mathematics, economics, actuarial science, or a related program, with a minimum of seven (7) years’ work experience in a related area, OR an equivalent combination of education and relevant experience.
•  Professional designation (actuarial, Chartered Financial Analyst, Professional Risk Manager, Financial Risk Manager, or Certificate in Quantitative Finance) considered an asset.
•  Demonstrated experience in actuarial activities modelling, quantitative analysis, or data science at a bank, insurance company, asset manager or other type of financial institution.
•  Demonstrated ability to conduct rigorous analysis using critical thinking and judgment to resolve complex issues.
•  Strong understanding of mathematical finance and risk management.
•  Excellent understanding of Canada's financial sector and real estate markets.
•  Ability to work in a sophisticated technological environment utilizing various modelling and programming tools.
•  Creative analytical ability.
•  Excellent writing and presentation skills.
•  Strong project management skills.
•  A commitment to demonstrating CMHC values.
•  Demonstrated experience in interpreting economic trends and market relationships.
•  Demonstrated experience providing technical leadership.
•  Ability to establish and maintain effective working relationships.
 

Posting closing date: Note, this position may remain active until filled.

IMPORTANT NOTICE – COVID-19 MEASURES

 

On June 14, 2022, the Government of Canada announced that as of June 20, 2022, it will suspend vaccination requirements for federal government employees.  This decision followed a review of the current public health situation, including the evolution of the virus and vaccination rates in Canada. As a result, and consistent with the Government of Canada decision, CMHC has suspended its Vaccination Policy, effective June 20, 2022.  

 

As a result, at this time, CMHC does not require employees to be fully vaccinated as a condition of employment.  CMHC will continue to monitor the public health situation and may at any time make adjustments and adopt or reintroduce measures, including mandatory vaccination, attestation and verification requirements. Any such vaccination measures, as updated from time to time, shall form a term and condition of your employment at CMHC.

 

CMHC is an inclusive workplace where diversity of thought – and of people – are recognized, valued, and considered essential to achieving our aspiration.

 

We are committed to employment equity and actively encourage applications from women, Indigenous Peoples, persons with disabilities, veterans and persons of all races, ethnicities, religions, abilities, sexual orientations, and gender identities and expressions. We also welcome applications from non-Canadians who are eligible to work in Canada.

 

We sincerely thank all candidates for their interest, however, please note that only applicants selected for further consideration will be contacted. If selected for an interview or testing, please advise us if you require an accommodation.