Senior Specialist, Modelling

Office

Location:

Ottawa (ON);
Calgary (AB);
Halifax (NS);
Montreal (QC);
Toronto (ON);
Vancouver (BC)

Travel Requirement: Limited

Security Requirement: Secret

Salary: Our salaries generally range from $101639.3to $127049.13and are based on qualifications and experience.

• 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.

Join the Insurance and Securitization team, in the Senior Specialist, Modelling position. In this role, you will apply advanced analytical skills and knowledge of financial and mortgage sectors to modelling initiatives at CMHC with the purpose of informing decision making, enhancing risk management and building automated systems.

This is a temporary position until June 2027.

• Participating in the development of policies, guidelines and internal protocols regarding pricing (Insurance & Lending) modelling and analytics.
• Maintaining relationships with internal and external partners to ensure the bidirectional knowledge transfer required to develop, validate and implement models using state-of-the-art methods and technology.
• Developing 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.
• Monitoring model performance to ensure ongoing quality and proactively identify opportunities to improve existing models and analytical tools.
• Maintaining and applying expert knowledge of best practices and recent advances in quantitative methods and analytical techniques.
• Monitoring market trends, economic conditions and other factors that influence financial and mortgage sectors.
• Translating complex model results into clear, decision-useful insights for senior management, committees and stakeholders.
• Provide technical leadership and coaching to more junior colleagues.

• A postgraduate degree or higher in a quantitative discipline 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.
• Strong understanding of mathematical finance and risk management.
• Good understanding of Canada’s financial sector and real estate markets.
• Communication skills to different types of audience.
• Demonstrated ability to conduct rigorous analysis using critical thinking and judgment to resolve complex issues. The ability to work within a sophisticated technological environment using various modelling and programming tools such as SQL/Python.
• The ability to provide technical leadership and mentoring, demonstrating excellent communication, collaboration, and presentation skills.

• Knowledge of IFRS 17.
• Knowledge of the Mortgage Insurance and Securitization business as well as the Mortgage Insurance Capital Adequacy Test: (MICAT).
• Professional designation (Associate or Fellow of the Canadian Institute of Actuaries, Casualty Actuarial Society, Society of Actuaries or Chartered Financial Analyst or Professional Risk Manager or Financial Risk Manager or Chartered Professional Accountant).

Posting closing date: Note, the competition will remain active until filled.

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.