Specialist, Securitization Program

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.

About the role

Join the Securitization Operations Team, in the Specialist, Securitization Program position. In this role you will be responsible for carrying out and oversing the National Housing Act Mortgage-Backed Securities (NHA MBS) pooling process, administering all outstanding securitization pools and ensuring the NHA MBS Program is administered in a manner consistent with government regulations and program policies. This role provides guidance to internal and external stakeholders and resolves complex issues of non-compliance within program guidelines.

What you’ll do:

• Ensures all requirements are met with respect to mortgage eligibility and pool criteria, and ensures all documentation has been received by CMHC and/or external service provider(s), as applicable.
• Analyzes and resolves complex cases of mortgage ineligibility, makes recommendations and negotiates with both internal and external stakeholders to determine if any action can be taken to support the inclusion of the loan in the MBS pool.
• Ensures issuer monthly accounting reports reviewed by program officers are compliant with program guidelines; takes action where appropriate.
• Provides expert functional advice and guidance to program participants, service providers, and internal stakeholders, including overseeing and guiding transfers of servicing, accounts etc.
• Monitors issuers and service providers to identify matters of non-compliance, investigating as appropriate and recommending applicable actions to the Manager, Securitization Operations.
• Assists the Senior Manager, Securitization Operations in the completion of ad hoc projects and resolution of operational issues in support of CMHC's objectives.
• Participates as a subject matter expert in compliance projects and internal and external audits.

 What you should have: 

• An undergraduate degree in business administration, economics, finance, commerce, or an equivalent combination of education and relevant experience.
• A post-graduate degree and/or accreditation in the securities/investment industry would be considered an asset.
• A minimum of five years of related work experience in mortgage securitization.
• Excellent communication and interpersonal skills with the ability to be an effective team player, to obtain and share information and to liaise with a range of management, staff and professionals.
• Strong understanding of CMHC's securitization programs and associated processes.
• In-depth knowledge of mortgage securitization.
• Very good knowledge of mortgage loan underwriting and default management practices/procedures.
• Excellent organizational and time management skills, with a demonstrated ability to take initiative and work effectively with minimal supervision.

It would be great if you also had:

• A post-graduate degree and/or accreditation in the securities/investment industry would be 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!