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.

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

Job Requisition ID: 8103  

Language Designation: English Essential 

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

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)


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.

Join the Model Risk Management division, where we use financial risk oversight to monitor and support financial stability mandate. 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.




  • Develop or validate new models to inform business decisions and analysis; models are used for purposes such as underwriting, pricing, stress testing, 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.
  • Manage model development or validation projects by leading or coordinating 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.
  • Ensure models are appropriately documented.
  • Ensure models are subject to appropriate controls, including change management protocols.
  • Ensure models respond to the needs of model users and other stakeholders.
  • Ensure that model users and other stakeholders understand the models and their limitations.


Minimum Qualifications:


  • Postgraduate degree or higher in a quantitative discipline such as finance, mathematics, economics, statistics or actuarial sciences.
  • Minimum of five years 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.
  • Good understanding of Canada's financial sector and real estate markets.
  • Ability to work in a sophisticated technological environment utilizing various modelling and programming tools.
  • Good writing and presentation skills.
  • Demonstrated ability to conduct rigorous analysis using critical thinking and judgment to resolve complex issues.


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.