Senior Analyst, Modelling

Canada Mortgage and Housing Corporation (CMHC) Société canadienne d'hypothèques et de logement(SCHL); Ottawa; Hybrid; CAD 74,000 - 92,000; Full time

Benefits offered by this job

Accrued vacation

Annual performance bonus

Training and mentorship

Inclusive workplace culture

Job summary

CMHC is seeking a Senior Analyst, Modelling, in a Hybrid arrangement across multiple Canadian offices including Ottawa. The role focuses on actuarial and financial modelling to support housing affordability and capital knowledge growth within Canada’s mortgage sector. 12-month temporary assignment with diverse responsibilities.

You will develop and validate models, perform valuations, and respond to internal/external requests while maintaining regulatory awareness and documentation standards.

Qualifications

• Bachelor’s or Master’s degree in a quantitative field such as Actuarial Sciences, Quantitative Finance, Mathematics, Economics, or Statistics.
• Minimum of three (3) years’ experience in a modelling role.
• Demonstrated experience in financial industry modelling (banks, insurers, pension funds).
• Understanding of actuarial valuation methodologies, mathematical finance methodologies and risk analysis.
• Ability to work independently on technical/analytical tasks.
• Strong communication and collaboration skills at all levels.
• Results oriented and owns projects end-to-end.
• Knowledge of regulatory requirements for insurance valuation or related actuarial fields.
• Advanced programming knowledge of SAS, R and Python.

Responsibilities

• Provide actuarial expertise including valuation, capital adequacy, projections and analysis.
• Develop or validate models related to IFRS 17 valuation and insurance contract accounting.
• Monitor model performance and identify improvements for models and tools.
• Ensure documentation, controls and maintenance for all actuarial models/analyses.
• Deliver timely model outputs and actuarial analyses for financial reporting.
• Respond to ad-hoc actuarial/finance requests and communicate results clearly to leadership.
• Maintain current knowledge on best practices and regulatory developments.

Education

Bachelor's or Master's degree in a quantitative discipline

Tools

SAS

R

Python

Job description

Job Requisition ID: 12407

Position Status: Temporary Full Time

Position Type: Hybrid

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

Travel Requirement: Travel not required

Language Designation: English Essential

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

Security Requirement: Secret

Salary: Our salaries generally range from $ 73555.31 to $ 91944.14 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

• Accrued vacation.
• Annual individual performance bonus.
• Support towards your personal and professional growth with training, mentorship and more.
• An inclusive workplace culture and environment.

About The Role

Join the Finance - Insurance and Securitization team, in the Senior Analyst, Modelling position, where we use actuarial and financial foresight to improve housing affordability and serve as a key contributor to the growth of intellectual capital across the business and influence the development of actuarial and financial knowledge of Canada’s mortgage sector.

This is a temporary position of a duration of 12 months.

What You'll Do

• Providing deep and specialized expertise to CMHC’s actuarial work including but not limited to actuarial valuation, capital adequacy assessment, financial statement projection and analysis.
• Developing or validating models and processes related to IFRS 17 actuarial valuation and insurance contract accounting.
• Monitoring model performance to ensure ongoing quality and proactively identifying opportunities to improve existing models and analytical tools.
• Ensuring appropriate documentation, controls and maintenance for all actuarial models/analysis/processes.
• Ensuring that model outputs and actuarial analysis are provided in a timely manner to meet corporate financial reporting requirements.
• Responding to ad-hoc actuarial/finance requests from internal and external stakeholders such as Management Committee members, Board members, OSFI or Department of Finance by developing accurate results, and using strong communication skills to promote understanding of the issue and provide appropriate interpretation and context.
• Maintaining current knowledge on best practices and recent developments in relevant actuarial/quantitative approaches and techniques through training and professional development activities.
• Maintaining current knowledge of regulatory requirements in the areas of insurance valuation and other relevant actuarial fields.

What You Should Have

• A bachelor’s or Master’s degree in a quantitative discipline such as Actuarial Sciences, Quantitative Finance, Mathematics, Economics, or Statistics.
• A minimum of three (3) years’ experience in a modelling role.
• A demonstrated work experience in a similar role in financial industry including banks, insurance companies, pension funds, etc.
• An understanding of and demonstrated experience with actuarial valuation methodologies, mathematical finance methodologies and risk analysis.
• The ability to work independently with minimal supervision on technical and/or analytical work.
• Strong communication, presentation, and collaboration skills at all levels of the organization.
• Results oriented, accountable for performance, and taking complete ownership of projects.
• Knowledge of regulatory requirements and best practices with respect to insurance valuation or other actuarial related fields.
• Advanced programming knowledge of SAS, R and Python.

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) considered an asset.

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.