Senior Specialist, Model Validation Expert

1 month ago

Toronto, Ontario, Canada CMHC - SCHL Full time
About the Role

CMHC is seeking a Senior Specialist, Model Validation to join our Model Risk Management division. As a key member of our team, you will be responsible for applying advanced analytical skills and knowledge of Canada's financial and mortgage sectors to modelling initiatives at CMHC.

Key Responsibilities
  • Perform validation of different models, including credit risk, pricing, actuarial, IFRS17, economic capital, stress testing, and machine learning models.
  • Design and implement statistical tests to assess model sensitivity, robustness, and performance.
  • Assess model soundness and risk in both approach and usage.
  • Monitor model performance to ensure ongoing quality and identify opportunities to improve existing models and analytical tools.
  • Draft comprehensive validation reports and discuss model issues with stakeholders.
  • Make sound and balanced decisions on complex issues and provide expertise to ensure the Corporation is not at undue risk.
  • Help improve model validation procedures and model risk governance to reflect industry best practices.
Requirements
  • A postgraduate degree in Quantitative Finance, Mathematics, Statistics, Data Science, Actuarial Science, Finance, Economics, or other quantitative field.
  • A 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.
  • Demonstrated experience with actuarial, statistical, and econometric models.
  • Demonstrated knowledge and experience with various quantitative software, such as R, Python, VBA, Databricks, Clouds, etc.
  • Knowledge of OSFI capital rules and risk management standards and IAIS capital standards.
  • Demonstrated experience in writing technical modelling or validation reports.
  • Ability to persuade, influence, and/or negotiate with colleagues, clients, and senior management.
  • Ability to research issues, analyze problems, synthesize information, and make recommendations.
Preferred Qualifications
  • Professional designation, such as Actuarial, Chartered Financial Analyst, Professional Risk Manager, Financial Risk Manager, Certificate in Quantitative Finance, etc.
  • Demonstrated experience with mortgage insurance, retail lending, scorecard development, economic capital, and stress testing.
  • Experience with Machine Learning algorithms and Probabilistic Modelling.
  • Bilingual (English & French).
What We Offer

CMHC offers a comprehensive and generous benefits package, including annual paid vacation, annual individual performance incentive, defined benefit pension plan, comprehensive group insurance plan, support towards personal and professional growth, and an inclusive workplace culture and environment.

CMHC is an inclusive workplace where diversity of thought and people are recognized, valued, and considered essential to achieving our mission.

  • Senior Specialist, Model Validation Expert

    2 months ago

    Toronto, Ontario, Canada CMHC - SCHL Full time

    About the RoleWe are seeking a highly skilled Senior Specialist, Model Validation to join our Model Risk Management division, Model Validation group at CMHC - SCHL. In this role, you will apply your advanced analytical skills and knowledge of Canada's financial and mortgage sectors to modelling initiatives, including model development, model validation, and...

  • Senior Specialist, Model Validation Expert

    2 months ago

    Toronto, Ontario, Canada CMHC - SCHL Full time

    About the RoleWe are seeking a highly skilled Senior Specialist, Model Validation to join our Model Risk Management division, Model Validation group at CMHC - SCHL. In this role, you will apply your advanced analytical skills and knowledge of Canada's financial and mortgage sectors to modelling initiatives, including model development, model validation, and...

  • Senior Specialist, Model Validation Expert

    2 months ago

    Toronto, Ontario, Canada CMHC - SCHL Full time

    About the RoleCMHC - SCHL is seeking a highly skilled Senior Specialist, Model Validation to join our Model Risk Management division. As a key member of our team, you will be responsible for applying advanced analytical skills and knowledge of Canada's financial and mortgage sectors to modelling initiatives at CMHC.Key ResponsibilitiesPerform validation of...

  • Senior Specialist, Model Validation Expert

    2 months ago

    Toronto, Ontario, Canada CMHC - SCHL Full time

    About the RoleCMHC - SCHL is seeking a highly skilled Senior Specialist, Model Validation to join our Model Risk Management division. As a key member of our team, you will be responsible for applying advanced analytical skills and knowledge of Canada's financial and mortgage sectors to modelling initiatives at CMHC.Key ResponsibilitiesPerform validation of...

  • Senior Specialist, Model Validation Expert

    1 month ago

    Toronto, Ontario, Canada CMHC - SCHL Full time

    About the RoleWe are seeking a highly skilled Senior Specialist, Model Validation to join our Model Risk Management division, Model Validation group. In this role, you will apply your advanced analytical skills and knowledge of Canada's financial and mortgage sectors to modelling initiatives at CMHC, including model development, model validation, and the...

  • Senior Specialist, Model Validation Expert

    2 months ago

    Toronto, Ontario, Canada CMHC - SCHL Full time

    About the RoleWe are seeking a highly skilled Senior Specialist, Model Validation to join our Model Risk Management division, Model Validation group. In this role, you will apply your advanced analytical skills and knowledge of Canada's financial and mortgage sectors to modelling initiatives at CMHC, including model development, model validation, and the...

  • Senior Specialist, Model Validation Expert

    1 month ago

    Toronto, Ontario, Canada CMHC - SCHL Full time

    About the RoleCMHC - SCHL is seeking a Senior Specialist, Model Validation to join our Model Risk Management division, Model Validation group. In this role, you will apply your advanced analytical skills and knowledge of Canada's financial and mortgage sectors to modelling initiatives at CMHC, including model development, model validation, and the...

  • Senior Specialist, Model Validation Expert

    2 months ago

    Toronto, Ontario, Canada CMHC - SCHL Full time

    About the RoleWe are seeking a highly skilled Senior Specialist, Model Validation to join our Model Risk Management division, Model Validation group. In this role, you will apply your advanced analytical skills and knowledge of Canada's financial and mortgage sectors to modelling initiatives at CMHC, including model development, model validation, and the...

  • Senior Specialist, Model Validation Expert

    1 month ago

    Toronto, Ontario, Canada CMHC - SCHL Full time

    About the RoleCMHC - SCHL is seeking a Senior Specialist, Model Validation to join our Model Risk Management division, Model Validation group. In this role, you will apply your advanced analytical skills and knowledge of Canada's financial and mortgage sectors to modelling initiatives at CMHC, including model development, model validation, and the...

  • Model Validation Expert

    2 weeks ago

    Toronto, Ontario, Canada Intact Financial Corporation Full time

    At Intact Financial Corporation, we're seeking a highly skilled Model Validation Specialist to join our Risk Management team. As a key member of our team, you'll be responsible for leading the independent review, validation, and challenge of our Canadian internal economic capital model. This includes structuring and executing internal model validation and...

  • Senior Specialist, Model Validation Expert

    2 weeks ago

    Toronto, Ontario, Canada CMHC - SCHL Full time

    About the RoleAs a Senior Specialist, Model Validation, you will be part of the Model Risk Management division, Model Validation group at CMHC. Your advanced analytical skills and knowledge of Canada's financial and mortgage sectors will be essential in modelling initiatives, including model development, validation, and interpretation of model results.Key...

  • Senior Specialist, Model Validation Expert

    2 weeks ago

    Toronto, Ontario, Canada CMHC Full time

    About the RoleAs a Senior Specialist, Model Validation, you will play a critical role in ensuring the accuracy and reliability of CMHC's financial models. You will work closely with the Model Risk Management division to develop, validate, and interpret models that inform decision-making and enhance risk management.Key ResponsibilitiesValidate various models,...

  • Senior Specialist, Model Validation Expert

    4 weeks ago

    Toronto, Ontario, Canada CMHC - SCHL Full time

    About the RoleWe are seeking a highly skilled Senior Specialist, Model Validation to join our Model Risk Management division, Model Validation group. In this role, you will apply your advanced analytical skills and knowledge of Canada's financial and mortgage sectors to modelling initiatives at CMHC, including model development, model validation, and the...

  • Senior Specialist, Model Validation Expert

    4 weeks ago

    Toronto, Ontario, Canada CMHC - SCHL Full time

    About the RoleWe are seeking a highly skilled Senior Specialist, Model Validation to join our Model Risk Management division, Model Validation group. In this role, you will apply your advanced analytical skills and knowledge of Canada's financial and mortgage sectors to modelling initiatives at CMHC, including model development, model validation, and the...

  • Senior Specialist, Model Validation Expert

    1 month ago

    Toronto, Ontario, Canada CMHC - SCHL Full time

    About the RoleCMHC is seeking a Senior Specialist, Model Validation to join our Model Risk Management division. As a key member of our team, you will be responsible for applying advanced analytical skills and knowledge of Canada's financial and mortgage sectors to modelling initiatives at CMHC.Key ResponsibilitiesPerform validation of different models,...

  • Senior Specialist, Model Validation Expert

    1 month ago

    Toronto, Ontario, Canada CMHC - SCHL Full time

    About the RoleCMHC is seeking a Senior Specialist, Model Validation to join our Model Risk Management division. As a key member of our team, you will be responsible for applying advanced analytical skills and knowledge of Canada's financial and mortgage sectors to modelling initiatives at CMHC.Key ResponsibilitiesPerform validation of different models,...

  • Senior Specialist, Model Validation Expert

    1 month ago

    Toronto, Ontario, Canada CMHC - SCHL Full time

    About the RoleAs a Senior Specialist, Model Validation, you will play a critical role in ensuring the accuracy and reliability of CMHC's financial models. You will be responsible for validating various models, including credit risk, pricing, actuarial, and machine learning models, to assess their fitness for purpose and performance.Key...

  • Senior Specialist, Model Validation Expert

    1 month ago

    Toronto, Ontario, Canada CMHC - SCHL Full time

    About the RoleAs a Senior Specialist, Model Validation, you will play a critical role in ensuring the accuracy and reliability of CMHC's financial models. You will be responsible for validating various models, including credit risk, pricing, actuarial, and machine learning models, to assess their fitness for purpose and performance.Key...

  • Senior Specialist, Model Validation Expert

    4 weeks ago

    Toronto, Ontario, Canada CMHC - SCHL Full time

    About the RoleCMHC - SCHL is seeking a highly skilled Senior Specialist, Model Validation to join our Model Risk Management division. As a key member of our team, you will be responsible for applying advanced analytical skills and knowledge of Canada's financial and mortgage sectors to modelling initiatives at CMHC.Key ResponsibilitiesPerform validation of...

  • Senior Specialist, Model Validation Expert

    4 weeks ago

    Toronto, Ontario, Canada CMHC - SCHL Full time

    About the RoleCMHC - SCHL is seeking a highly skilled Senior Specialist, Model Validation to join our Model Risk Management division. As a key member of our team, you will be responsible for applying advanced analytical skills and knowledge of Canada's financial and mortgage sectors to modelling initiatives at CMHC.Key ResponsibilitiesPerform validation of...