Senior Specialist, Model Developer
Ottawa, ON, CA
3d ago

Sector : Risk

Language Designation : English Essential

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

Salary Range : $89823.44 to $112279.30

Position Status : Permanent Full Time

We’re not your typical government agency

Canada Mortgage and Housing Corporation (CMHC) exists for a single reason : to make housing affordable for everyone in Canada.

We’re mobilizing the expertise and energy of governments, non-profits, lenders, developers, social entrepreneurs and co-ops to create the future of housing.

At CMHC, we believe that everyone in Canada should have a place to call home.

Experience a Results-Only Work Environment™ (ROWE™)

At CMHC, we trust you to get the job done. We’ve shifted from managing people to managing work. Each employee is 100% autonomous and 100% accountable.

You can choose where you need to be and when you need to be there to meet your objectives. You’re in control of your time and are trusted to make the right decisions.

This position reports to the Modelling team in our Chief Risk Officer sector. In this sector, we enable each employee to embrace strategic risks within established limits.

About the role

We’re constantly evolving to build an inclusive housing system through research, design, innovation and partnerships. Bring your financial, mathematical, statistical and econometric expertise to the Senior Specialist, Modelling, position for the Multi-Unit Oversight and Risk Analytics division in the Risk sector at CMHC.

In this position, you will be required to build and maintain relationships with internal and external partners to ensure the bidirectional knowledge transfer required to implement models.

This will help us achieve our mission, which is to make housing affordable for everyone in Canada.

The intent of this advertisement is to identify and assess qualified candidates to staff both current and future permanent and contract positions in various divisions of our Risk Sector, as defined below.

We invite all suitable candidates to apply.

Multi-Unit Oversight and Risk Analytics Team

Key analytics responsibilities include maintaining commercial multi-unit risk models and interpreting the model results to inform business decisions and analysis.

Developing new and innovative risk models for market, affordable and assisted housing multi-unit projects.

Ensuring all risk-related decisions are aligned with CMHC and Risk Sector modelling strategy.

What you will need

  • A commitment to demonstrating CMHC values.
  • Postgraduate degree (Masters or PhD) in Quantitative Finance, Mathematics, Statistics, Computer Science, Actuarial Science, Finance, Economics or other quantitative field OR an equivalent combination of education and experience.
  • Minimum of five years of relevant experience in modeling / validation or quantitative analytics at a bank, insurance company, asset manager or other types of financial institution.
  • Extensive hands-on experience developing / validating and implementing quantitative models for measuring, analyzing and managing financial and insurance risks.
  • Demonstrated experience with actuarial, statistical and econometric models.
  • Demonstrated knowledge and experience with various quantitative software such as R, Python, SAS, etc.
  • Advanced theoretical and specialized knowledge of a broad range of quantitative models used within a financial institution.
  • Knowledge of mortgage loan insurance activities.
  • Knowledge of OSFI capital rules and risk management standards and IAIS capital standards.
  • Knowledge of risk approaches to capital models and experience in their applications.
  • Experience in writing technical modeling or validation reports.
  • Ability to write reports to convey information that is subject to interpretation.
  • Ability to persuade, influence, and / or negotiate with colleagues, clients and senior management.
  • Ability to research issues, analyze problems, synthesize information and make recommendations.
  • What you will be doing

  • Designing and implementing statistical tests to assess model sensitivity, robustness, and (ongoing) performance.
  • Assessing model soundness and risk in both approach and usage.
  • Monitoring model performance to ensure ongoing quality, and proactively identify opportunities to improve existing models and analytical tools.
  • Drafting comprehensive validation report and discussing model issues with different stakeholders (model owners, developers, users, etc.).
  • Developing solutions using substantial creativity, resourcefulness, innovation, negotiation, and diplomacy.
  • Making sound and balanced decisions on complex issues and providing expertise to ensure the Corporation is not at undue risk.
  • Leading and coordinating multi-disciplinary project teams whose members may include model users, internal modeling experts, external modeling experts and other stakeholders.
  • You can work from home, or from another CMHC office location in Canada. The position also requires some travel to Ottawa.

    Due to the COVID-19 pandemic, corporate travel is currently restricted to essential employees only.

    Does this sound like you?

    Click the apply now button and create an account (it should take about 30 seconds). We’re excited to hear from you!

    Posting closing date : July 1, 2020 11 : 59 pm EST (Note, the competition may remain active until filled).

    Job Requisition ID : 4729

    Primary Location : Ottawa , Ontario

    Other Location(s) :

    Security Requirement : Secret

    Travel Requirement : Occasional

    We sincerely thank all candidates for their interest, however, please note that only those applicants selected for further consideration will be contacted.


    CMHC is an employer that values diversity and encourages the learning and use of both Canada's official languages. CMHC is committed to employment equity and actively encourages application from women, Indigenous people, persons with disabilities and visible minorities

  • If selected for an interview or testing, please advise us if you require an accommodation.
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