Share this Job

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.

Bilingual 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 Chief Risk Officer team where we work to support CMHC’s goals for financial stability and housing affordability by enabling Multi-Unit partners to embrace risks within established limits. This role implies to have leadership skills, quantitative skills, as well as strong programing and coding abilities and an understanding of Canada’s financial and housing sectors. Tasks in this role include leading project teams and managing projects related to model development, optimization, implementation, and maintenance in collaboration with our partners, clients and stakeholders. Additional responsibilities relate to the interpretation of model results with the purposes of informing decision making and enhancing risk management.



•    Design, develop and implement models and projects related to process optimization, data and technology solutions or other analytical tools to support corporate objectives. 
•    Lead project teams efficiently by, fostering engagement, developing plans and strategies, coordinating team activities and meetings, anticipating risks and obstacles, and inform/consult management on a timely basis.
•    Provide thought leadership in areas of risk management and modelling expertise in support of initiatives that contribute to the achievement of the Corporate Strategy as they relate to Multi-Unit housing risk analytics, modelling, data, and knowledge transfer.
•    Provide expert input to the review of models, business initiatives, model development, model validation recommendations and regulation requirements.
•    Engage with stakeholders frequently throughout project lifecycle to identify needs of business practices and processes, work in collaboration to develop solutions and consult on decisions.
•    Use mathematics, statistical tools and computer-aided techniques (including machine learning) to develop models and conducts analytics.
•    Use various techniques to mine, map, clean and transform data to be used in models and analysis. Optimize codes to ensure data quality, stability, reliability, replicability within processes for greater efficiency.  
•    Contribute or oversee model deployment processes.


Minimum Qualifications:

•    Postgraduate degree (Masters or PhD) in Quantitative Finance, Data Science, Computer Science, Economics, Statistics, Mathematics, Actuarial Science, or other quantitative field OR an equivalent combination of education and experience. 
•    Minimum of five years of directly relevant experience in modelling/validation or quantitative analytics with significant and increasing leadership responsibilities.
•    Demonstrated significant hands-on experience in developing, implementing and maintaining actuarial, statistical and econometric models for measuring, analyzing and managing financial and insurance risks. Ability to use machine learning techniques to develop models is considered an asset.
•    A “can do’’ mindset with the desire to work collaboratively to deliver results that have a positive impact on the team, business unit and corporation.
•    Excellent communication and influence skills, and ability to communicate technical information to non-technical audience. 
•    Ability to apply problem solving and critical thinking skills to analyze, support and debug models, tools and other analytical products is considered an asset.
•    Advanced knowledge of programming languages Python and R for statistical analysis, econometrics, machine learning, and/or big data analysis (with Spark). Knowledge of C++/Java, Matlab and SQL would be considered an asset.
•    Experience with scorecard models development, probability of default and loss models, economic capital and stress testing. 
•    Strong communication skills in English and French.


Preferred Qualifications:

•    Professional designation (Actuarial, Chartered Financial Analyst, Professional Risk Manager, Financial Risk Manager, Certificate in Quantitative Finance, etc.), Project management (PMP certification or others) are considered assets. 
•    Knowledge of climate risk modelling in the context of financial risk management, acquired through training or experience. Designation such as GARP SCR (Sustainability and Climate Risk) Certificate is an asset.
•    Knowledge of mortgage loan insurance and securitization activities is considered an asset.
•    Experience in deployment and maintenance of R and Python models in a cloud environment. Knowledge of and experience using Azure MLOps is considered an asset.

Posting closing date: Note, the competition may 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.


Job Requisition ID: 7945  

Language Designation: Bilingual 

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

Starting Base Salary: 94388.91 

Position Status: Permanent Full Time 

Travel Requirement: Limited 

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