Senior Specialist, Modelling

3 weeks ago


Toronto, Canada CMHC - SCHL Full time

 

Job Requisition ID: 10314  

Position Status: Permanent Full Time 

Position Type: Hybrid  

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

Travel Requirement: Limited 

Language Designation: English Essential 

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

Salary: Our salaries generally range from $ 99646.37 to $ 124557.97 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 permanent employee:

  • 5 weeks of vacation.
  • Annual individual performance bonus.
  • Defined benefit pension plan.
  • Comprehensive group insurance plan to support your well-being from day one.
  • 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.

 

 

About the role
Join the Chief Risk Officer team where we work to support CMHC’s goals for financial stability and housing affordability by enabling Multi-Unit partners to embrace risks within established limits. This role requires leadership and, quantitative skills, as well as strong programming and coding abilities and an understanding of Canada’s financial and housing sectors. Tasks in this role include leading project teams and managing projects related to model development, optimization, implementation, and maintenance while collaborating with our partners, clients and stakeholders. Additional responsibilities include the interpretation of model results with the aim of informing decision making and enhancing risk management. 
  
What you’ll do:
 

  • Design, develop and implement models and projects related to process optimization, data and technology solutions or other analytical tools to support corporate objectives.  
  • Lead project teams efficiently by, fostering engagement, developing plans and strategies, coordinating team activities and meetings, anticipating risks and obstacles, and inform/consult management on a timely basis. 
  • Provide thought leadership in the areas of risk management and modelling expertise in support of initiatives that contribute to the achievement of the Corporate Strategy as they relate to Multi-Unit housing risk analytics, modelling, data, and knowledge transfer. 
  • Provide expert input to the review of models, business initiatives, model development, model validation recommendations and regulation requirements. 
  • Engage with stakeholders frequently throughout the project lifecycle to identify the needs of business practices and processes, work in collaboration to develop solutions and consult on decisions. 
  • Use mathematics, statistical tools and computer-aided techniques (including machine learning) to develop models and conduct analytics. 
  • Use various techniques to mine, map, clean and transform data to be used in models and analysis. Optimize code to ensure data quality, stability, reliability, replicability within processes for greater efficiency.   
  • Contribute or oversee model deployment processes. 

  
What you should have:
 

  • A postgraduate degree (Master’s or PhD) in Quantitative Finance, Data Science, Computer Science, Economics, Statistics, Mathematics, Actuarial Science, or other quantitative field.  An equivalent combination of education and experience may be considered.  
  • A minimum of five (5) years of relevant experience in modelling/validation or quantitative analytics with increasing leadership responsibilities. 
  • Demonstrated significant hands-on experience in developing, implementing and maintaining actuarial, statistical and econometric models for measuring, analyzing and managing financial and insurance risks.  
  • A “can do’’ mindset with the desire to work collaboratively to deliver results that have a positive impact on the team, business unit and corporation. 
  • Excellent communication, ability to influence and communicate technical information to a non-technical audience.  
  • Advanced knowledge of programming languages Python and R for statistical analysis, econometrics, machine learning, and/or big data analysis (with Spark). 
  • Experience with the development of scorecard models, probability of default and loss models, economic capital models and stress testing.  

 

It would be great if you also had:
 

  • A professional designation (Actuarial, Chartered Financial Analyst, Professional Risk Manager, Financial Risk Manager, Certificate in Quantitative Finance, etc.) or project management certification (PMP certification or others).  
  • Experience in developing, fine tuning and interpretating machine learning models.
  • Knowledge of C++/Java, Matlab and SQL. 
  • Knowledge of climate risk modelling in the context of financial risk management, acquired through training or experience. A designation such as GARP SCR (Sustainability and Climate Risk) Certificate.
  • Knowledge of mortgage loan insurance and securitization activities 
  • Experience in deployment and maintenance of R and Python models in a cloud environment.
  • Knowledge and/or experience using Azure MLOps.
  • Ability to apply problem solving and critical thinking skills to analyze, support and debug models, tools and other analytical products.
  • Bilingualism (English and French). 

 

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.

 

Learn more about our commitment to diversity and inclusion 

 

What happens after you apply 

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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