Tags: jd DataScientist CMHC
Title: Senior Specialist
Modeling (Position can be located anywhere in Canada) Location: Ottawa, ON, CA Sector: Client Solutions Language Designation: English Essential Language Skill Levels (Read/Write/Speak): ZZZ
Salary Range: $89823.44 to $112279.30
Position Status: Permanent Full Time
We’re not your typical government agency
Canada Mortgage and Housing Corporation (CMHC) exists for a single reason: to make housing affordable for everyone in Canada. We're mobilizing the expertise and energy of governments, non-profits, lenders, developers, social entrepreneurs and co-ops to create the future of housing. At CMHC, we believe that everyone in Canada should have a place to call home.
Experience a Results-Only Work Environment™ (ROWE™)
At CMHC, we trust you to get the job done. We've shifted from managing people to managing work. Each employee is 100% autonomous and 100% accountable You can choose where you need to be and when you need to be there to meet your objectives. You're in control of your time and are trusted to make the right decisions. This position reports to the Risk & Pricing Analysis team in our Office of the SVP, Client Solutions sector. This sector collaborates with our partners to solve housing affordability challenges.
About the role
Bring your financial, mathematical, statistical and econometric techniques to this Senior Specialist, Modelling position at CMHC. The successful candidate can work from home or from another CMHC office location in Canada. The position also requires some travel to Ottawa (on average, once a quarter). The intent of this advertisement is to identify and assess qualified candidates to staff both current and future permanent and contract positions in various divisions. We invite both all suitable candidates to apply.
What you will need
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 modeling/validation or quantitative analytics at a bank, insurance company, asset manager or other types of financial institution. Professional designation (Actuarial, Chartered Financial Analyst, Professional Risk Manager, Financial Risk Manager, certificate in Quantitative Finance) considered an asset. Extensive hands-on experience developing and implementing quantitative models for measuring, analyzing and managing financial and insurance risks. Demonstrated experience with actuarial, statistical and econometric models. Demonstrated knowledge and experience with various quantitative software such as SAS, R, Python. Advanced theoretical and specialized knowledge of a broad range of quantitative models used within a financial institution. Knowledge of mortgage loan insurance and securitization activities. Knowledge of OSFI capital rules and risk management standards and IAIS capital standards. Knowledge of risk approaches to capital models and experience in their applications. Demonstrated experience in writing technical modeling reports. 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.
What you will be doing
Monitoring model performance to ensure ongoing quality, and proactively identify opportunities to improve existing models and analytical tools. Developing solutions using substantial creativity, resourcefulness, innovation, negotiation, and diplomacy. Participating in the development of policies, guidelines and internal protocols regarding pricing modelling and analytics; including actuarial, credit risk, economic capital and stress testing. Ensuring pricing models respond to the needs of model users and other stakeholders, taking into account model limitations. Maintaining 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. Providing training and expert advice on modelling and quantitative analysis to clients, as well as to peers and management across CMHC. Developing or validating 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. Managing model development or validation projects by leading or coordinating multi-disciplinary teams whose members may include model users, internal modelling experts, external modelling experts and other stakeholders. Monitoring model performance to ensure ongoing quality, and proactively identify opportunities to improve existing models and analytical tools. Supporting the migration of models from development to production system environments. Maintaining and apply expert knowledge of best practices and recent advances in quantitative methods and analytical techniques. Conducting data mining and big data analyses using state-of-the-art methods. Monitoring market trends, economic conditions and other factors that influence financial and mortgage sectors.
Job Requisition ID: 4619
Primary Location: Ottawa, Ontario
Other Location(s):
Security Requirement: Secret
Travel Requirement: Occasional
We sincerely thank all candidates for their interest, however, please note that only those applicants selected for further consideration will be contacted. Diversity CMHC is an employer that values diversity and encourages the learning and use of both Canada’s official languages. CMHC is committed to employment equity and actively encourages application from women, Indigenous people, persons with disabilities and visible minorities
If selected for an interview or testing, please advise us if you require an accommodation.