Job Requisition ID:

12288

Position Status:

Temporary Full Time

Position Type:

Hybrid

Office Location:

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

Travel Requirement:

Limited

Language Designation:

English Essential

Language Skill Levels (Read/Write/Speak):

ZZZ

Security Requirement:

Secret

Salary:

Our salaries generally range from $ 104180.28 to $ 130225.36 and are based on qualifications and experience.

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.

Our commitment to diversity, equity, and inclusion

We're committed to advancing employment equity and fostering an inclusive workplace. To reflect the diversity of Canada's population, we encourage applications from women, Indigenous Peoples, persons with disabilities, 2SLGBTQI+ individuals, veterans, and racialized peoples. We also welcome applications from all individuals eligible to work in Canada.

We are also committed to advancing reconciliation with Indigenous Peoples and supporting the meaningful inclusion of First Nations, Inuit, and Métis voices and priorities. While this position is hybrid requiring some in-office presence,



a work from home arrangement may be considered for First Nations candidates on reserve or Indigenous candidates that reside further than 125KM from a CMHC office.

Benefits

- Accrued vacation.
- Annual individual performance bonus.
- Group insurance coverage to support your well-being from day one.
- Support towards your personal and professional growth with training, mentorship and more.
- While positions at CMHC require some in-office presence, alternative work arrangements may be considered for Indigenous candidates.

About The Role

Join the Model Risk Management team, in the Senior Specialist Modelling position. In this role, you will apply advanced actuarial and analytical skills, along with a strong understanding of the Canadian financial and mortgage sectors, to support CMHC's modelling initiatives, including model development and validation, and the interpretation of model results to inform decision making, enhance risk management and build automated systems.

This is a temporary position of a duration of 18 months.

What You'll Do

- Validate a wide range of models (actuarial, financial, pricing, risk and AI — including ML, LLM and generative AI) by assessing their assumptions, methodologies and risk levels.
- Ensure regulatory and governance compliance,



including adherence to CMHC's Model Risk Management Policy, OSFI's E-23 guideline, IFRS 17 standards and regulatory capital frameworks.
- Apply rigorous quantitative methods and structured monitoring, including econometrics, economic capital modelling, and statistical analysis (Python, R, SAS), while establishing performance metrics, comprehensive documentation and change management controls.
- Co-develop and maintain quantitative models used for underwriting, pricing, stress testing, capital adequacy, business analytics and automated tools, ensuring full lifecycle management in accordance with model risk management policies.
- Provide technical and analytical expertise.
- Analyze business challenges and deliver recommendations using modelling and validation expertise, ensuring models accurately reflect current market conditions and dynamics.
- Support and guide stakeholders in using and interpreting models by clearly communicating results, model risks and limitations.
- Foster effective and sustainable collaboration with internal and external partners to support knowledge transfer, operational compliance and the long-term sustainability of systems and automated tools.

What You Should Have

- A postgraduate degree or higher in quantitative disciplines 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. An equivalent combination of education and experience will be considered.
- Robust actuarial and quantitative foundation

📌 Senior Specialist, Modelling (Ottawa)
🏢 Canada Mortgage and Housing Corporation (CMHC) Société canadienne d'hypothèques et de logement(SCHL)
📍 Ottawa