Senior Analyst, Modelling

About CMHC

The work you do and the work we do together matters. We come to work every day with a common purpose: to contribute to a well-functioning housing system.

At CMHC, we hold ourselves accountable for our results and support our colleagues in their achievements. We thrive on collaboration, connecting across CMHC and involving the right people to get our work done. Our leadership style is guided by trust, where our leaders favour an adaptive approach based on the needs of their teams.

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 the comprehensive and generous benefits you get when you’re a permanent employee:

• Annual paid vacation.
• Annual individual performance incentive.
• Defined benefit pension plan.
• Comprehensive group insurance plan to support your well-being from day one.
• Support towards your personal and professional growth with training, mentorship and more. 
• An inclusive workplace culture and environment.
• While positions at CMHC require some in-office presence, alternative work arrangements may be considered for Indigenous candidates. 

About the role 

Join the Insurance and Securitization team, in the Senior Analyst, Modelling position. Apply advanced analytical skills 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.

What you’ll do:

• Develop or validate new models to inform business decisions and analysis and to be used for purposes such as pricing, capital adequacy assessment, business analytics including financial projections, and automated systems and tools.
• Maintain models throughout their life cycle in accordance with CMHC's model risk policy and industry best practice.
• Contribute to model development or validation projects by collaborating with multi-disciplinary teams whose members may include model users, internal modelling experts, external modelling experts and other stakeholders.
• Monitor model performance to ensure ongoing quality, and proactively identify opportunities to improve existing models and analytical tools.
• Support the migration of models from development to production system environments.
• Maintain and apply strong knowledge of best practices and recent advances in quantitative methods and analytical techniques.
• Monitor market trends, economic conditions, and other factors that influence financial and mortgage sectors.
• Help to ensure that model users and other stakeholders understand the models and their limitations.

What you should have:

• A postgraduate degree or higher in a quantitative discipline such as finance, mathematics, economics, statistics and actuarial sciences.
• A minimum of one year of experience in modelling or quantitative analytics at a bank, insurance company, asset manager or other type of financial institution.
• Strong understanding of mathematical finance and risk management.
• Demonstrated experience in the finance or insurance industry with some actuarial or financial modelling background in pricing and profitability analysis.
• The ability to work in a sophisticated technological environment utilizing various modelling and programming tools.

It would be great if you also had:

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

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!