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Advisor, Modelling

Job Requisition ID: 3116  

Primary Location: OttawaOntario  

Other Location(s): multiple locations 

Sector: Risk 

Language Designation: English Essential 

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

Salary Range: $109728 to $137160

Position Status: Permanent Full Time 

Security Requirement: Secret 

Travel Requirement: Travel not required 

Canada Mortgage and Housing Corporation (CMHC) helps Canadians meet their housing needs. As Canada’s authority on housing, we contribute to the stability of the housing market and financial system, provide support for Canadians in housing need, and offer objective housing research and advice to Canadian governments, consumers and the housing industry. Prudent risk management, strong corporate governance and transparency are cornerstones of our operations. Our work matters to a great many people and our employees matter to us. 


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.


Note:  This competition may be used to staff similar roles at the same or lower levels on a temporary or permanent basis.


How You Will Be Contributing


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.


What We Are Looking For


•    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.


APPLY today

This job posting will be active until 11:59 p.m. ET on January 27, 2019; however, the competition may remain active until a successful candidate has been chosen.

To Note

  • Your application must clearly demonstrate how you meet the requirements as CMHC cannot make assumptions about your education and experience.
  • Selected candidates may be required to do a presentation or assessment as part of the interview. If so, they will be advised in advance. In the event that tests are administered, candidates will also be advised in advance.
  • We sincerely thank all candidates for their interest, however, please note that only those applicants selected for further consideration will be contacted. 
  • If selected for an interview or testing, please advise us if you require an accommodation.
  • Candidates who do not meet all of the position requirements may be considered in an under-fill capacity, in which case the person will be hired at a lower salary range than is advertised for this position.
  • All applications submitted to this competition will be kept for a six (6) month period and may be considered for future related vacancies at CMHC.
  • Candidates must be eligible for Reliability Clearance.
  • Second Language Proficiency levels are defined as follows:
    • A = Beginner Level
    • B = Intermediate Level
    • C = Advanced Level
    • E = Exempt
    • P = Specific Language Skills



CMHC is an employer that values diversity and encourages the learning and use of both Canada's official languages. CMHC is committed to employment equity and actively encourages application from women, Indigenous people, persons with disabilities and visible minorities

Learn more below about CMHC and how we help Canadians meet their housing needs.