Senior Specialist, Modelling
4925 Rue d'Amos, Montréal, QC H1G 2X1, Canada
Press Tab to Move to Skip to Content Link Office Location: Ottawa (ON); Calgary (AB); Halifax (NS); Montreal (QC); Toronto (ON); Vancouver (BC) Travel Requirement: Limited Language Skill Levels (Read/Write/Speak): ZZZ Salary: Our salaries generally range from $ 97692.52 to $ 122115.65 and are based on qualifications and experience. About CMHC At CMHC, the work you do and the work we do together matters. We come to work every day with a common purpose: to realize a future where everyone in Canada has a home that they can afford and meets their needs. Our people are second to none.
We lean in with courage, band together as a community and try new things to make a lasting impact on housing from coast to coast to coast. 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 what you get when you’re a contract employee: 3 weeks of accrued vacation Annual individual performance bonus Support in your personal and professional growth with training, mentorship and more – because when you thrive, we thrive An inclusive workplace culture and environment with Employee Resource Groups and more A hybrid work model that lets you balance working from home and nurturing in-person connections by coming into your region’s office at a minimum of 4 times a month.
About the role Join the Client Solution Team, where our partners view CMHC as the catalyst for solving housing affordability challenges. Bring your financial, mathematical, statistical and econometric techniques to this Senior Specialist, Modelling position at CMHC. This is a temporary position of a duration of 12 months. What you’ll do: Monitor model performance to ensure ongoing quality, and proactively identify opportunities to improve existing models and analytical tools.
Develop solutions using substantial creativity, resourcefulness, innovation, negotiation, and diplomacy. Participate in the development of policies, guidelines and internal protocols regarding pricing modelling and analytics; including actuarial, credit risk, economic capital and stress testing. Ensure pricing models respond to the needs of model users and other stakeholders, taking into account model limitations. Maintain relationships with internal and external partners to ensure the bidirectional knowledge transfer required to develop, validate and implement models using the state-of-the-art methods and technology.
Develop or validate 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. Manage model development or validation projects by leading or coordinating multidisciplinary teams whose members may include model users, internal modelling experts, external modelling experts and other stakeholders. Maintain and apply expert knowledge of best practices and recent advances in quantitative methods and analytical techniques. What you should have: A commitment to demonstrating CMHC values.
Postgraduate degree (Masters or PhD) in Quantitative Finance, Mathematics, Statistics, Actuarial Science, Finance, Economics or other quantitative field OR an equivalent combination of education and experience. Minimum of five years of relevant experience in modelling, validation or quantitative analytics at a bank, insurance company, asset manager or other types of financial institution. Extensive hands-on experience developing and implementing quantitative models for measuring, analyzing and managing Credit or Insurance Risks. Demonstrated experience with actuarial, statistical, and econometric models or data science.
Demonstrated knowledge and experience with various quantitative software such as SAS, R, Python on cloud platforms. Knowledge of risk approaches to capital models and experience in their applications. In-depth 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. It would be great if you also had: Professional designation (Actuarial, Chartered Financial Analyst, Professional Risk Manager, Financial Risk Manager, certificate in Quantitative Finance). Knowledge of mortgage loan insurance and securitization activities. 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. 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
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