Senior Specialist, Model Validation

2 months ago

Toronto, Canada CMHC - SCHL Full time

 

Job Requisition ID: 10473  

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

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. We have flexibility, in how, when, and where we work, within the boundaries of the business needs and the nature of your role. 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.

 

What’s in it for you

We’ve got the purpose, the people and the perks you need for a fulfilling career. Here’s the comprehensive and generous benefits you get when you’re a permanent employee:

  • Annual Paid vacation.
  • Annual individual performance incentive.
  • Defined benefit pension plan.
  • Comprehensive group insurance plan to support your well-being from day one.
  • Support towards your personal and professional growth with training, mentorship and more. 
  • An inclusive workplace culture and environment.
  • 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 division, Model Validation group where we use financial risk oversight to monitor and support financial stability mandate. In the role of Senior Specialist, Model Validation, 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 interpretation of model results with the ultimate purposes of informing decision making, enhancing risk management and building automated systems.
 
What you’ll do:
 

  • Perform validation of different models including credit risk, pricing, actuarial, IFRS17, economic capital, stress testing, and machine learning models to assess model fitness for purpose and performance.
  • Design and implement statistical tests to assess model sensitivity, robustness, and (ongoing) performance.
  • Assess model soundness and risk in both approach and usage.
  • Monitor model performance to ensure ongoing quality, and proactively identify opportunities to improve existing models and analytical tools.
  • Draft comprehensive validation report and discussing model issues with different stakeholders (model owners, developers, users, etc.).
  • Make sound and balanced decisions on complex issues and providing expertise to ensure the Corporation is not at undue risk.
  • Help improve model validation procedures and model risk governance to reflect industry best practices.

 
What you should have:
 

  • A postgraduate degree (Master or PhD) in Quantitative Finance, Mathematics, Statistics, Data Science, Actuarial Science, Finance, Economics or other quantitative field. An equivalent combination of education and experience can be considered.
  • A minimum of five (5) 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, analyse 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, 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).

 

 

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

 

  • Senior Specialist, Model Validation Expert

    3 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

    3 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

    1 month 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 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 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...

  • Senior Specialist, Model Validation Expert

    4 weeks 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. 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...

  • Senior Specialist, Model Validation Expert

    3 weeks ago

    Toronto, Ontario, Canada CMHC - SCHL Full time

    About the RoleWe are seeking a Senior Specialist, Model Validation to join our Model Risk Management division, Model Validation group at CMHC. 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, validation, and interpretation of model...

  • Senior Specialist, Model Validation Expert

    3 weeks ago

    Toronto, Ontario, Canada CMHC - SCHL Full time

    About the RoleWe are seeking a Senior Specialist, Model Validation to join our Model Risk Management division, Model Validation group at CMHC. 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, validation, and interpretation of model...

  • Model Validation Expert

    3 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 Model Validation Specialist

    3 weeks ago

    Toronto, Ontario, Canada BMO Full time

    Job SummaryWe are seeking a highly skilled Senior Model Validation Specialist to join our team at BMO. As a key member of our risk management and analytics team, you will be responsible for validating models and assessing model risk to ensure their appropriateness and capability for designated portfolios.Key ResponsibilitiesValidate models and assess model...

  • Senior Model Validation Specialist

    3 weeks ago

    Toronto, Ontario, Canada BMO Full time

    Job Summary:We are seeking a highly skilled Senior Model Validation Specialist to join our team at BMO. As a key member of our model validation program, you will be responsible for ensuring the accuracy and reliability of our models, as well as identifying and mitigating potential risks.Key Responsibilities:Validate models and assess model risk to confirm...

  • Model Validation Expert

    1 month 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 play a critical role in developing and supporting the implementation of our risk management framework.About the RoleWe're looking for an individual with a strong background in modeling and risk...

  • Model Validation Expert

    1 month 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 play a critical role in developing and supporting the implementation of our risk management framework.About the RoleWe're looking for an individual with a strong background in modeling and risk...

  • Model Validation Expert

    2 months ago

    Toronto, Ontario, Canada Intact Financial Corporation Full time

    At Intact Financial Corporation, we're looking for a highly skilled Model Validation Specialist to join our Risk Management team. As a key member of our team, you'll play a critical role in developing and supporting the implementation of our risk management framework.About the RoleWe're seeking an individual with a strong background in modeling and risk...

  • Model Validation Expert

    2 months ago

    Toronto, Ontario, Canada Intact Financial Corporation Full time

    At Intact Financial Corporation, we're looking for a highly skilled Model Validation Specialist to join our Risk Management team. As a key member of our team, you'll play a critical role in developing and supporting the implementation of our risk management framework.About the RoleWe're seeking an individual with a strong background in modeling and risk...

  • Manager, Model Validation

    2 months ago

    Toronto, Canada Scotiabank Full time

    Requisition ID: 205789 Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture. The Model Validation & Approval area provides self-reliant and consistent model validation and approval across various risk types, including market risk, credit risk, operational risk, capital models and other key risk/financial...

  • Manager, Model Validation

    5 months ago

    Toronto, Canada Scotiabank Full time

    Requisition ID: 192592 Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture. **Purpose of Job**: The Model Validation & Approval area provides self-governing and consistent model validation and approval across various risk types, including market risk, credit risk, operational risk, capital models and other...

  • Model Validation Specialist

    1 month ago

    Toronto, Ontario, Canada BMO Full time

    About the RoleWe are seeking a highly skilled Model Validation Specialist to join our team at BMO. As a key member of our team, you will be responsible for validating models and assessing model risk to ensure their appropriateness and capability for a designated portfolio.Key ResponsibilitiesPerform validation of models and assess model risk to confirm model...

  • Model Validation Specialist

    1 month ago

    Toronto, Ontario, Canada BMO Full time

    About the RoleWe are seeking a highly skilled Model Validation Specialist to join our team at BMO. As a key member of our team, you will be responsible for validating models and assessing model risk to ensure their appropriateness and capability for a designated portfolio.Key ResponsibilitiesPerform validation of models and assess model risk to confirm model...

  • Model Validation Expert

    4 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 play a critical role in developing and supporting the implementation of our risk management framework.About the RoleWe're looking for an individual with a strong background in modeling and risk...