Senior Specialist, 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 contract employee:

• Accrued vacation.
• Annual individual performance bonus.
• 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 Specialist Modelling position. In this role, you will be focused on Lender Quality Assurance (LQA), focusing on addressing outstanding LQA MAPS for all business levels and enhancing methodology and tools used for LQA to address business needs.

This is a temporary position of a duration of 12 months.

What you’ll do:

• Define the scope, objectives, and deliverables of models and analytical tools across projects.
• Partner with Business SMEs to understand requirements and incorporate their insights into modelling solutions.
• Contribute to modelling methodology, strategy, and decision-making within cross-functional working groups.
• Perform advanced data analysis to generate insights and support recommended approaches.
• Develop, document, and maintain robust modelling methodologies, assumptions, and standards.
• Produce high-quality, well-documented Python code and analytical outputs to support development and validation.
• Address and remediate findings from Model Validation to ensure model integrity and robustness.
• Implement models in alignment with Model Governance frameworks and ensure compliance with OSFI regulatory standards.

 What you should have:

• A postgraduate degree or higher in quantitative disciplines such as finance, mathematics, economics, statistics or actuarial sciences.
• A minimum of five years of experience in modelling or quantitative analytics at a bank, insurance company, asset manager or other type of financial institution.
• Advanced experience in Python for model development, data analysis, and documentation.

• A good understanding of Canada's financial sector and real estate markets.

• Demonstrated experience working within model risk management frameworks and familiarity with regulatory expectations (e.g., OSFI or equivalent).

• Strong project management skills.
• Demonstrated ability to conduct rigorous analysis using critical thinking and judgment to resolve complex issues.

It would be great if you also had:

• A familiarity with SAS Programming language.
• A familiarity with Survey Sampling and estimation methodologies.

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!