Advisor, Advanced Financial and Credit Risk Modelling

Job Requisition ID: 10054  

Position Status: Permanent Full Time 

Position Type: Hybrid  

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

Travel Requirement: Limited 

Language Designation: English Essential 

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

Salary: Our salaries generally range from $ 123553.59 to $ 154441.98 and are based on qualifications and experience. 

 

About CMHC

At CMHC, the work you do and the work we do together matters. We come to work every day with a common purpose: to realize a future where everyone in Canada has a home that they can afford and meets their needs.

 

Our people are second to none. We lean in with courage, band together as a community and try new things to make a lasting impact on housing from coast to coast to coast.

 

Join us and be part of a team that's committed to making a real difference and be part of something meaningful.

 

What’s in it for you

We’ve got the purpose, the people and the perks you need for a fulfilling career. Here’s what you get when you’re a permanent employee:

  • 5 weeks of vacation.
  • Annual individual performance bonus.
  • Defined benefit pension plan.
  • Comprehensive group insurance plan to support your well-being from day one.
  • Support in your personal and professional growth with training, mentorship and more – because when you thrive, we thrive.
  • An inclusive workplace culture and environment with Employee Resource Groups and more.
  • A hybrid work model that lets you balance working from home and nurturing in-person connections by coming into your region’s office at a minimum of 4 times a month.

 

About the role

Join the Risk Modelling team in the Advisor, Modelling position. In this role, 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 as well as lead pilot modelling initiatives and use the results to influence the creation of new modelling and analysis techniques and standards at CMHC.  You will also 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.
   

What you’ll do:

  • Lead research on models and study industry practices in support of Model Development and Operation across a range of model types, including models for Economic Capital, Stress Testing, Underwriting, and Property Valuation.
  • Leverage your experience and skills to manage model design across various programming languages, optimizing model performance on IT platforms such as ML Ops/Azure.
  • Manage Technical Documentation of models and ensure all documentation is completed according to corporate protocol.
  • 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.
  • 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 ensuring bidirectional knowledge transfer required to develop, validate and implement models, and interpret their results using state-of-the-art methods and technology.
     

What you should have:

  • A Postgraduate degree or higher in a quantitative discipline such as finance, mathematics, economics, actuarial science, or another related program.
  • A minimum of seven (7) years’ relevant work experience in an area such as Economic Capital modelling, quantitative analysis, or data science at a bank, insurance company, asset manager or other type of financial institution.
  • Strong experience managing Technical Documentation, working in ML Ops/Azure IT platforms, and leveraging programing languages such as Python, R-squared, etc.
  • Strong understanding of mathematical finance and risk management.
  • Strong oral and written communication and presentation skills, technical leadership skills, project management skills, and the ability to establish and maintain effective working relationships.
     

It would be great if you also had:

  • A professional designation (Actuarial, Chartered Financial Analyst, Professional Risk Manager, Financial Risk Manager, or Certificate in Quantitative Finance).

 

 

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

 

Our commitment to diversity, equity, and inclusion 

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

 

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

 

Learn more about our commitment to diversity and inclusion 

 

What happens after you apply 

We know that applying for a new job can be both exciting and daunting, and we appreciate your effort. Learn more about our hiring process.  If you are selected for an interview or testing, please advise us if you require an accommodation.

 

If you applied before and you were not successful don’t worry – we're always posting new positions, so don’t hesitate to give it another shot. We’re excited to see what you bring to the table this time around!