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At CMHC, we trust you to get the job done. Since January 2019, we’ve shifted from managing people to managing work. Each employee is 100% autonomous and accountable. You can choose where you need to be and when you need to be there to meet your objectives. You’re in control of your time and are trusted to make the right decisions.

Senior Specialist, Modelling (Position can be located anywhere in Canada)

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 Office of the Chief Risk Officer Team under Ablaye Thiaw, where we enable each employee to embrace strategic risks within established limits. You will apply advanced analytical skills and knowledge of Canada’s financial and mortgage sectors to modelling initiatives at CMHC, including model development, model validation and the interpretation of model results with the ultimate purposes of informing decision making, enhancing risk management and building automated systems.

 

 

Responsibilities: 

 

•    Developing and maintaining credit risk models and analytics in response to requirements from business users.
•    Liaising with model stakeholders to ensure the model is fit for its business purpose, and model issues are addressed in a timely manner and Providing support to the model governance team to comply with model risk guidelines and internal policies.
•    Designing and implementing statistical tests to assess model sensitivity, robustness, and (ongoing) performance, and drafting comprehensive model documentation throughout the model life cycle.
•    Working with model validation to ensure successful validation outcomes for both initial and ongoing model validations.
•    Helping improve model development procedures to reflect industry best
•    Leading and coordinating multi-disciplinary project teams whose members may include model users, internal modeling experts, external modeling experts and other stakeholders.
 
Minimum Qualifications:

 

•    Postgraduate degree (Masters or PhD) in Quantitative Finance, Mathematics, Statistics, Computer Science, Actuarial Science, Finance, Economics
•    Minimum of five years of experience in modeling/validation or quantitative analytics in the banking and/or insurance industry, asset manager or other types of financial institution.
•    Extensive hands-on experience developing/validating and implementing quantitative models for measuring, analyzing and managing financial and insurance risks.
•    Demonstrated knowledge and experience with various quantitative software such as SQL, R, Python,Spark, Data Lake, Databrick, Azure ML, DevOps etc.

 •   Demonstrate knowledge in machine learning techniques and scorecards models
•    Ability to persuade, influence, and/or negotiate with colleagues, clients and senior management.
•    Ability to research issues, analyze problems, synthesize information and make recommendations.
 
Preferred Qualifications:

 

•    Professional designation (Actuarial, Chartered Financial Analyst, Professional Risk Manager, Financial Risk Manager, Certificate in Quantitative Finance) considered an asset.

 

Posting closing date: July 8th, 2022 @ 11:59 pm EST (Note, the competition 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.

 

Sector: Chief Risk Officer 

Language Designation: English Essential 

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

Salary Range: $94388.91 to $117986.14

Position Status: Permanent Full Time 

Job Requisition ID: 7867  

Office Location: Calgary (AB); Charlottetown (PE); Edmonton (AB); Halifax (NS); Moncton (NB); Montreal (QC); Ottawa (ON); Quebec (QC); Saskatoon (SK); St. John's (NL); Thunder Bay (ON); Toronto (ON); Vancouver (BC); Winnipeg (MB); Yellowknife (NT)

Other Location(s):  

Security Requirement: Secret 

Travel Requirement: Travel not required