Senior Specialist, Modelling

Job Requisition ID: 12288   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:   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 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. About the role Join the Model Risk Management team, in the Senior Specialist Modelling position. In this role, you will apply advanced actuarial and analytical skills, along with a strong understanding of the Canadian financial and mortgage sectors, to support CMHC’s modelling initiatives, including model development and validation, and the interpretation of model results to inform decision making, enhance risk management and build automated systems. This is a temporary position of a duration of 18 months.  What you’ll do: Validate a wide range of models (actuarial, financial, pricing, risk and AI — including ML, LLM and generative AI) by assessing their assumptions, methodologies and risk levels. Ensure regulatory and governance compliance, including adherence to CMHC’s Model Risk Management Policy, OSFI’s E-23 guideline, IFRS 17 standards and regulatory capital frameworks. Apply rigorous quantitative methods and structured monitoring, including econometrics, economic capital modelling, and statistical analysis (Python, R, SAS), while establishing performance metrics, comprehensive documentation and change management controls. Co-develop and maintain quantitative models used for underwriting, pricing, stress testing, capital adequacy, business analytics and automated tools, ensuring full lifecycle management in accordance with model risk…