Senior Specialist, Modelling

Job Requisition ID: 9916  

Position Status: Permanent Full Time 

Position Type: Hybrid  

Office Location: Toronto (ON); Montreal (QC); Ottawa (ON)

Travel Requirement: Travel not required 

Language Designation: English Essential 

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

Salary: Our salaries generally range from $ 97692.52 to $ 122115.65 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 Office of the Chief Risk Officer Modelling Team in the Senior Specialist, Modelling role. This role requires advanced modelling expertise regarding mathematical, statistical, and financial skills, programming abilities, together with risk management skills, with the ultimate purpose of informing business’ risk management decision-making.
 
What you'll do:
 

  • Lead model development and implementation in production of models employed for own risk and solvency assessment (ORSA), stress testing, asset allocation, financial projections, underwriting and pricing.
  • Develop model documentation and ensure models are subject to appropriate compliance and regulatory controls, reflecting industry best practices throughout their life cycle. 
  • Design and implement metrics to evaluate model performance, sensitivity, robustness, performance, benchmarking and backtesting. 
  • Lead migration of models from development to production system environments, including model adaptation from current software or IT platform to another.
  • Collaborate effectively with multidisciplinary teams whose members may include model users, business experts, model validators, internal modelling experts, external modelling experts, vendors, external consultants, and other stakeholders.
  • Lead research and analysis to influence high impact decisions and contribute to achievement of corporate strategy.
  • Support the team regarding technical aspects on model development, programming, and risk management, apply proactive problem solving and creative thinking in day-to-day activities, negotiate, influence, and manage challenges with diplomacy. 

 

What you should have:
 

  • A postgraduate degree or higher (Masters or PhD)  in a quantitative discipline such as quantitative finance, mathematics, physics, economics, statistics and actuarial sciences, engineering or other quantitative field, or an equivalent combination of education and experience.
  • A minimum of five year s of relevant experience in modelling, validation or quantitative analytics at a bank, insurance company, asset manager or other types of financial institution. 
  • A demonstrated theoretical knowledge on a broad range of models within a financial institution, including mortgage loan insurance, securitization, swap valuation, default and loss models, economic capital, and stress testing. 
  • A demonstrated knowledge of programming languages and tools: Python, R, machine learning, and/or big data analysis (with Spark), Data Lake, Databricks, Azure ML, DevOps, C++/Java, Matlab , VBA and SQL.
  • A demonstrated hands-on experience developing models, including aspects such as, design, coding in various platforms, implementation in production, interaction with model validation and model users.
  • Experienced in drafting model documentation, reports, analytics, preparing and presenting results to support decision-making to senior management, clients, and stakeholders. 
  • An in-depth knowledge of risk management practices and demonstrated experience conducting rigorous research, applying judgement to resolve complex situations, and providing thorough recommendations, with proven successful implementation. 

 
It would be great if you also had:
 

  • A professional designation achieved or working towards its achievement (Actuarial, Chartered Financial Analyst, Professional Risk Manager, Financial Risk Manager, Certificate in Quantitative Finance).
  • A demonstrated experience with capital adequacy assessment (ICAAP / ORSA) and/or stress testing.                                           
  • Knowledge of mortgage loan insurance, securitization activities and swap valuation.
  • Knowledge of financial markets and instruments, housing and real estate markets and metrics applied to estimate financial exposure and losses.


 

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!