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Senior Specialist, Modelling (Anywhere in Canada)

Job Requisition ID: 9168  

Language Designation: English Essential 

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

Position Status: Permanent Full Time 

Travel Requirement: Limited 

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

Salary: Our salaries generally range from $ 97692.52 to $ 122115.65 and are based on qualifications and experience. 


At CMHC, we trust you to get the job done. We empower our employees to be fully autonomous and accountable in achieving their results. 


Here are some of the reasons why we were chosen as one of Canada's top employers:


  • Enjoy 5 weeks of vacation;
  • An annual individual performance bonus;
  • Defined benefit pension plan;
  • Comprehensive group insurance to support your well-being from day one;
  • Access to a catalogue of courses for individual learning;
  • An inclusive workplace culture and environment with multiple Employee Resource Groups and much more!


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.
Be part of an inclusive workplace. Diversity and Inclusion guides everything we do at CMHC. We’re taking concrete actions to eradicate racism and advance equity within CMHC and the housing system.

Join the Modelling division in the Senior Specialist, Modelling position. You will help us achieve this vision by developing advanced models and providing quality analytical supports. Your ability to develop models, interpret their results, apply critical thinking, and maintain relationships with our clients will play a key role in improving our decision-making process and enhance our risk management framework.




  • Maintain models throughout their life cycle in accordance with CMHC's model risk policy and industry best practice.
  • Develop new statistical and machine learning models to inform business decisions and analysis; models are used for purposes such as stress testing and capital adequacy assessment. 
  • Manage model development projects by leading or coordinating multidisciplinary teams whose members may include model users, modelling experts, and other stakeholders.
  • Support the migration of models from development to production system environments.
  • Develop tools, user guides and training materials to provide analytical support and  conduct training sessions to users and other stakeholders.
  • Monitor operating environments and model performance to ensure models and analytics properly reflect current market dynamics. 
  • Ensure models are appropriately documented and are subject to appropriate controls, including change management protocols.


Minimum Qualifications:


  • Postgraduate degree or higher in a quantitative discipline such as finance, mathematics, economics, statistics, data sciences, or actuarial sciences.
  • Minimum of five years of experience in modelling, validation or quantitative analytics at a bank, insurance company, asset manager or other type of financial institution.
  • Good understanding of Canada's financial sector and real estate markets.
  • Strong ability to work in a sophisticated technological environment, such as Azure, utilizing various modelling techniques and programming languages, preferably Python, R and/or Rust.
  • Good writing, presentation, and communication skills.
  • Good project management skills.
  • Demonstrated ability to conduct rigorous analysis using critical thinking and judgment to resolve complex issues.


Posting closing date: Note, the competition will remain active until filled.



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.