Credit Analysis Specialist - Risk & Growth

Canada Mortgage and Housing Corporation (CMHC) Société canadienne d'hypothèques et de logement(SCHL); Ottawa; On-site; CAD 87,000 - 109,000; Full time

Benefits offered by this job

Annual Paid vacation

Annual performance incentive

Defined benefit pension plan

Comprehensive group insurance

Training & mentorship

Inclusive workplace culture

Job summary

Canada Mortgage and Housing Corporation (CMHC) seeks a Specialist in Credit Analysis to assess creditworthiness of counterparties and support CMHC's credit risk framework. You will conduct ongoing credit and financial analyses and provide recommendations to inform decisions.

Leverage your 5+ years in credit analysis, proficiency with market data systems, and solid GAAP knowledge to contribute to housing affordability solutions for Canadians.

Qualifications

• An undergraduate degree in accounting, finance, economics, or related field.
• At least five years of credit experience with a focus on fundamental and/or investment analysis.
• Experience using market information systems such as Bloomberg, Reuters, and S&P Capital IQ.
• Strong understanding of financial statements and GAAP.
• Strong oral and written communication, including presentations.
• Demonstrated ability to take initiative and work independently and in a team environment.
• Excellent organizational skills in a fast-paced, multi-demand environment.

Responsibilities

• Perform complex financial analyses of rated and non-rated entities and other counterparties related to CMHC’s activities.
• Prepare proposals and recommendations regarding investment limits and borrower financial strength, and assign internal credit ratings.
• Provide ad hoc financial analysis in support of corporate initiatives.
• Ensure systems are in place to support effective credit risk analysis.
• Establish and maintain professional relationships with key corporate client leaders and stakeholders.
• Evolve and implement CMHC’s credit risk policies and procedures.

Skills

Financial analysis

Communication skills

Analytical thinking

Initiative

Time management

Education

Bachelor's degree in accounting, finance, economics, or related field

Tools

Bloomberg

Reuters

S&P Capital IQ

Wallstreet Suite

Job description

Job Requisition ID: 12286

Position Status: Permanent 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: Reliability Status

Salary: Our salaries generally range from $ 86816.59 to $ 108520.74 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.

What’s in it for you

Benefits

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 Financial Services team, in the Specialist, Credit Analysis position. In this role, you will play a key part in assessing the creditworthiness of existing and prospective counterparties to support CMHC's credit risk framework. You will conduct ongoing credit and financial analyses, while providing advice and recommendations to support informed decision making. Your ability to identify emerging risks through research, analysis, and stakeholder engagement will be critical in helping CMHC deliver housing affordability solutions for Canadians.

What You’ll Do

• Perform complex financial analyses of rated and non-rated financial entities, as well as other counterparties, related to CMHC’s securitization, outsourcing, investment, hedging, and/or mortgage loan insurance activities.
• Prepare proposals and recommendations regarding investment limits and borrower financial strength, and assign internal credit ratings to counterparties based on the results of financial reviews.
• Provide ad hoc financial analysis in support of corporate initiatives.
• Ensure appropriate systems are in place to support effective and efficient credit risk analysis.
• Establish and maintain professional relationships with key corporate client leaders and other relevant stakeholders to develop a thorough understanding of their operations and operating environment.
• Evolve and implement CMHC’s credit risk policies and procedures.
  
  

What You Should Have

• An undergraduate degree in accounting, finance, economics, or related field.
• A minimum of five (5) years of experience in credit, with a focus on fundamental and/or investment analysis, and progressively increasing responsibilities related to key business outcomes.
• Experience using market information and analysis systems, such as Bloomberg, Reuters, and S&P Capital IQ.
• A strong understanding of financial statements and generally accepted accounting principles.
• Strong oral and written communication skills, including presentation skills.
• A demonstrated ability to take initiative and work effectively both independently and within a team environment.
• Excellent organizational skills, with the ability to prioritize tasks and perform effectively in a fast-paced, multi-demand environment.
  
  

It Would Be Great If You Also Had

• A Chartered Financial Analyst (CFA), Financial Risk Manager (FRM), or Chartered Professional Accountant (CPA) designation.
• Experience with Wallstreet Suite.
• Bilingualism (French and English).
  
  

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.

About

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!