Specialist, Modelling
Job Requisition ID: 8733
Language Designation: English Essential
Language Skill Levels (Read/Write/Speak): ZZZ
Starting Base Salary: 78657.14
Position Status: Permanent Full Time
Travel Requirement: Travel not required
Office Location: Toronto (ON)
At CMHC, we trust you to get the job done. We empower our employees to be fully autonomous and accountable in achieving their results. Employees focus on how they achieve results rather than when and where they choose to work.
Here are some of the reasons why we were chosen as one of Canada's top employers:
- Enjoy 5 weeks of vacation;
- An annual individual performance bonus;
- Defined benefit pension plan;
- Comprehensive group insurance to support your well-being from day one;
- Access to a catalogue of courses for individual learning;
- An inclusive workplace culture and environment with multiple Employee Resource Groups and much more!
Join the Chief Risk Officer team where we work to support CMHC’s goals for financial stability and housing affordability by enabling Multi-Unit partners to embrace risks within established limits. This role implies to have quantitative skills and knowledge of Canada’s financial /housing sectors. Tasks in this role include model development, model validation and the interpretation of model results with the purposes of informing decision-making, enhancing risk management and building automated systems.
Responsibilities:
- Use mathematics, statistical tools and computer-aided techniques (including machine learning) to develop models and conducts analytics.
- Test and validate hypotheses through the application of a range of advanced mathematical, statistical, scientific and / or computational techniques.
- Proactively identify opportunities to improve existing models and analytical tools.
- Developing solutions using substantial creativity, resourcefulness, innovation, negotiation and diplomacy.
- Help improve model lifecycle to reflect the industry's best practices.
- Work closely with stakeholders (Division, Business lines, IT, Validation, etc.) and provide analytical solutions to meet various needs.
Minimum Qualifications:
- Postgraduate degree (Masters or PhD) in Quantitative Finance, Mathematics, Statistics, Computer Science, Data Science, Actuarial Science, Economics or other quantitative field OR an equivalent combination of education and experience.
- Minimum of three years of relevant experience in modelling/validation or quantitative analytics at a bank, insurance company, asset manager or other types of financial institution.
- Significant hands-on experience developing and implementing actuarial, statistical and econometric models for measuring, analyzing and managing financial and insurance risks.
- Demonstrated experience in initiating, developing, and managing model development projects.
- Demonstrated experience in using R and/or Python for statistical analysis, machine learning, and big data analysis (with Spark). Knowledge of programming languages SAS, C++/Java and SQL would be an asset.
Preferred Qualifications:
- Professional designation (Actuarial, Chartered Financial Analyst, Professional Risk Manager, Financial Risk Manager, Certificate in Quantitative Finance, etc.).
- Knowledge of mortgage loan insurance and securitization activities.
- Experience with retail lending, scorecard models development, probability of default and loss models, economic capital and stress testing.
- Ability to use machine learning techniques to develop models.
Posting closing date: Note, the competition may remain active until filled.
IMPORTANT NOTICE – COVID-19 MEASURES
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.