Senior Analyst, Credit (Montreal, Ottawa, or Toronto)

CMHC; Montreal; On-site; CAD 70,000 - 88,000; Full time

Job summary

Join CMHC's Risk Management Team for a temporary 24-month position focused on credit risk analysis. You will conduct financial analyses, prepare investment proposals, and implement credit risk policies. This role requires a degree in finance and experience in credit analysis, offering a competitive salary and benefits.

Benefits

Annual individual performance bonus

Group insurance coverage

Support for personal and professional growth

Inclusive workplace culture

Qualifications

• Minimum 3 years of experience in credit analysis.
• Understanding of financial statements and accounting principles.
• Bilingualism (French and English) is a plus.

Responsibilities

• Perform complex financial analyses of counterparties.
• Prepare proposals for investment limits and assign internal credit ratings.
• Implement CMHC’s credit risk policies and maintain professional relationships.

Skills

Financial analysis

Credit analysis

Communication

Initiative

Organizational skills

Education

Undergraduate degree in accounting, finance, economics, or related field

Tools

Bloomberg

Reuters

S&P Capital IQ

Job description

Travel Requirement : Travel not required

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

Security Requirement : Reliability Status

Salary : Our salaries generally range from $70,354.20 to $87,942.74 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. 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 favor 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 contract employee:

• Annual individual performance bonus.
• Group insurance coverage 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 Risk Management Team, where your ability to conduct ongoing creditworthiness analysis and evaluations of existing and potential counterparties, combined with your attention to detail, will support CMHC’s credit risk practices and policies.

This is a temporary position with a duration of 24 months.

What you’ll do :

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

What you should have :

• An undergraduate degree in accounting, finance, economics, or a related field.
• A minimum of three years of experience in credit, with a focus on fundamental and/or investment analysis.
• Experience with market information and analysis systems (Bloomberg, Reuters, S&P Capital IQ).
• An understanding of financial statements and general accounting principles.
• Strong oral and written communication skills, including presentation skills.
• An ability to take initiative and work both independently and in a team environment.
• Excellent organizational skills and the ability to prioritize and work in a 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.

What happens after you apply

We understand that applying for a new job can be both exciting and daunting, and we appreciate your effort. If you are selected for an interview or testing, please advise us if you require an accommodation.

If you applied before and 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!