Senior Specialist, Compliance and Risk Governance

Canada Mortgage and Housing Corporation (CMHC) Société canadienne d'hypothèques et de logement(SCHL); Ottawa; Hybrid; CAD 104,000 - 130,000; Full time

Benefits offered by this job

Annual Paid vacation

Annual performance incentive

Defined benefit pension plan

Comprehensive group insurance plan

Training and mentorship

Inclusive workplace culture

Job summary

Canada Mortgage and Housing Corporation (CMHC) in Ottawa, ON seeks a Senior Specialist, Compliance and Risk Governance to strengthen CMHC's relationship with OSFI through ongoing regulatory engagement. You will interpret OSFI expectations, align practices with governance processes, and support risk-based decision making.

You will collaborate with CMHC stakeholders to manage regulatory issues, develop remediation initiatives, and promote a culture of sound risk management aligned with CMHC's

Qualifications

• Undergraduate degree in business, finance or commerce.
• Professional designation required (CPA, CRM, FRM).
• Minimum 7 years of experience in compliance and risk governance, OSFI context a plus.
• Knowledge of risk management, assurance and governance.
• Superior written and oral communication with persuasive presentation skills.
• Advanced critical thinking and problem-solving abilities.
• Ability to manage multiple priorities under tight time constraints.

Responsibilities

• Serve as the primary liaison with OSFI, coordinating responses with business lines and oversight functions.
• Provide guidance on OSFI expectations and internal governance to strengthen risk posture.
• Monitor alignment with OSFI guidance, identify gaps, and support policy enhancements.
• Lead OSFI regulatory compliance and risk governance cycles and three-lines-of-defence oversight planning.
• Track OSFI developments and advise senior leadership on implications and actions.
• Provide consolidated reporting on OSFI matters to senior management and the Board.

Skills

OSFI liaison

Regulatory oversight

Governance frameworks

Strong communication

Analytical thinking

Education

Bachelor's degree in business/finance/commerce

Job description

Job Requisition ID: 12506

Position Status: Permanent Full Time

Position Type: Hybrid with mandatory weekly presence

Office Location: Ottawa (ON)

Travel Requirement: Occasional

Language Designation: English Essential

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

Security Requirement: Secret

Salary: Our salaries generally range from $ 104180.28 to $ 130225.36 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 Compliance Office team, in the Senior Specialist, Compliance and Risk Governance position, where you will contribute to strengthening CMHC's relationship with the Office of the Superintendent of Financial Institutions (OSFI) through ongoing engagement on compliance, governance, and risk management matters. In this role, you will provide expert support in interpreting and assessing OSFI expectations, helping business areas understand regulatory requirements and align practices, controls, and governance processes accordingly.

You will work closely with stakeholders across CMHC to support the proactive management of regulatory issues, and contribute to the development and implementation of remediation and improvement initiatives. Drawing on your knowledge of compliance and risk governance, you will help ensure that regulatory considerations are effectively integrated into business decision-making, reporting, and governance processes. Through these activities, you will support the effectiveness of the Three Lines Model, contribute to strong corporate governance, and promote a culture of sound risk management in support of CMHC's business objectives and strategic priorities.

What You'll Do

• Serve as the primary liaison with OSFI, maintaining effective relationships and ensring timely, accurate, and consistent responses through collaboration with business lines and oversight functions.
• Provide guidance on OSFI regulatory expectations and internal governance frameworks, supporting business lines in strengthening risk posture and promoting a culture of regulatory compliance, accountability, and risk awareness.
• Provide second line oversight by monitoring alignment with OSFI guidance and internal frameworks, identifying gaps or control deficiencies, recommending corrective actions, and supporting policy and framework enhancements.
• Lead the development and implementation of OSFI regulatory compliance and risk governance review cycles and coordinate three-lines-of-defence oversight planning to ensure focus on areas of highest risk.
• Monitor OSFI regulatory developments, emerging practices, and industry trends, advising senior leadership on implications and required actions.
• Track commitments and action plans and provide consolidated reporting on OSFI matters, compliance activities, and progress against regulatory observations to senior management and the Board.

What You Should Have

• An undergraduate degree in a related field, such as business, finance or commerce.
• A professional designation in a related field is required (CPA, CRM, FRM).
• A minimum of 7 years of prior relevant experience in compliance and risk governance, especially in the context of relationship with OSFI.
• In-depth knowledge of the area of specialization, industry standards and frameworks, risk management, assurance and oversight.
• Superior written and oral communication skills, including strong influencing and negotiating skills. Ability to deliver a persuasive, clear presentation of ideas that will convince others and gain acceptance of proposals or plans.
• Advanced critical thinking, analytical and problem-solving skills with demonstrated ability to capture and synthesize information to develop recommendations and provide advice.
• The ability to establish and maintain effective and trustworthy working relationships.
• The ability to plan and manage multiple, concurrent priorities, and work under tight time constraints.

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!