Senior Specialist, Credit Risk and Financial Analysis

CMHC; Ottawa; Hybrid; CAD 101,000 - 128,000; Full time

Job summary

CMHC is seeking a Financial Risk Manager to join their Multi-Unit Borrower Financial Analysis team for a 24-month temporary role. This position involves analyzing risks on large borrowers, mentoring junior staff, and advising senior management. The successful candidate will have a strong financial background, excellent communication skills, and the ability to work independently.

Benefits

Accrued vacation

Annual individual performance bonus

Group insurance coverage

Support for personal and professional growth

Inclusive workplace culture

Qualifications

• Minimum seven years in financial risk management.
• Strong knowledge of mortgage lending and credit risk principles.
• Proven ability to work independently and proactively.

Responsibilities

• Mentor and guide junior team members.
• Analyze risks of large borrowers and recommend strategies.
• Perform complex financial analyses and ensure compliance.

Skills

Analytical skills

Problem-solving

Communication

Interpersonal skills

Education

Undergraduate degree in Commerce, Business Administration, Finance, Economics, or Accounting

Job description

Job Requisition ID: 11128

Position Status:Temporary 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 $101639.3to $127049.13and 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

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:

• Accrued vacation.
• 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 Multi-Unit Borrower Financial Analysis (MUBFA) team within the Business and Portfolio Operations Division where we provide credit opinions on large borrowers in support of Underwriting Operations. In this role, you will identify, analyze and assess the risks on large borrowers and provide a recommendation on CMHC’s continued insurance business. You will mentor and coach junior members of the team by providing guidance on large borrowers with complex organizational structures and elevated risks. You will also advise the senior management on key risk indicators at the portfolio level and recommend active mitigation strategies accordingly considering all relevant business and risk factors.

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

What you’ll do:

• Act as the subject matter expert and coach and mentor junior members of the team.
• Establish financial review and monitor framework on large borrowers and provide subject matter expertise to internal & external clients.
• Perform complex financial analyses and manage the end-to-end credit review process, while providing guidance to internal clients on financial aspects, such as financial reviews, credit analysis, risk management policies and procedures.
• Work closely with external clients and counterparties, reviewing borrower financials submitted by lenders and preparing recommendations for credit committee approval.
• Ensure that the functional business unit is compliant with corporate policies and follows industry best practices.
• Ensure that appropriate systems are in place for effective and efficient credit risk analysis, monitoring and reporting.
• Develop and support the development of policies, methodologies, procedures, analytical modelling and risk management information systems.
• Develop and deliver seminars for various internal/external stakeholders.

What you should have:

• An undergraduate degree in Commerce, Business Administration, Finance, Economics, or Accounting.
• A minimum of seven (7) years’ experience in financial risk management, with strong knowledge of mortgage lending, real estate markets, and credit risk principles and solid understanding of underwriting standards, loan structuring, and collateral analysis.
• Strong analytical and problem-solving skills, with the ability to think quickly, and apply deep industry knowledge to assess complex credit scenarios independently.
• A proven ability to work independently as a self-starter, with a proactive mindset and strong motivation to identify and implement effective solutions.
• A solid knowledge of accounting standards and principles.
• An understanding of credit risk management policies and methodologies.
• Excellent communication skills, with the ability to convey complex financial concepts clearly and effectively to various audiences.
• Excellent interpersonal skills, business acumen and professionalism.
  

It would be great if you also had:

• A CPA, CFA or CIA professional designation.
• Demonstrated Audit experience.

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.

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!