Senior Specialist, Strategic and Reputational Risk (Financial Risk Oversight - Credit Risk)

Job Requisition ID: 12547

Position Status: Permanent Full Time

Position Type: Hybrid

Office Location: Calgary (AB); Halifax (NS); Montreal (QC); Ottawa (ON); 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 $ 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.

Our commitment to diversity, equity, and inclusion

We're committed to advancing employment equity and fostering an inclusive workplace. To reflect the diversity of Canada’s population, we encourage applications from women, Indigenous Peoples, persons with disabilities, 2SLGBTQI+ individuals, veterans, and racialized peoples. We also welcome applications from all individuals eligible to work in Canada.

We are also committed to advancing reconciliation with Indigenous Peoples and supporting the meaningful inclusion of First Nations, Inuit, and Métis voices and priorities. While this position is hybrid requiring some in-office presence, a work from home arrangement may be considered for First Nations candidates on reserve or Indigenous candidates that reside further than 125KM from a CMHC office.

Learn more about our commitment to diversity and inclusion

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 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.
• While positions at CMHC require some in-office presence, alternative work arrangements may be considered for Indigenous candidates.

About the role

Join the CRO’s Financial Risk Oversight team, in the Senior Specialist, Strategic and Reputational Risk (Financial Risk Oversight – Credit Risk) position. In this role, you will play an important role in providing risk oversight and supporting the effective management of financial risks across CMHC. Working within the Financial Risk Oversight team, you will monitor, assess, and report on enterprise-wide financial risks across areas such as Counterparty and Institutional Credit, Housing Programs and Mortgage Loan Insurance, Market Risk, Capital Investments, Liquidity, and Securitization, helping ensure alignment with CMHC’s strategic objectives.

What you'll do:

• Conduct independent oversight to ensure CMHC’s financial risk management and risk control activities are robust and effective.
• Conduct independent analysis of financial strength, credit worthiness, operational capability of program participants, vendors and other counterparties.
• Serve as a subject matter expert to identify, assess, measure, monitor and report on key financial risks to the Corporation including counterparty strength against internal risk appetite, eligibility criteria and program requirements.
• Employ a combination of quantitative and qualitative assessment techniques such as financial statement analysis; internal data analysis; use of tools, models and analytics; risk policy compliance; risk appetite development or monitoring; and build and maintain forward-looking capabilities.
• Collaborate with internal stakeholders and provide support and guidance on risk management frameworks and policies to ensure effective management of risks and controls.
• Influence strategic direction, policy setting and business decisions using tools, models, and analytics to measure financial risk exposure and build and maintain forward looking capabilities analytics and risk assessment results.
• Remain current regarding regulatory guidance and industry-leading practices related to business and financial risk management and the housing market industry.
• Influence strategic direction, policy setting and business decisions by identifying emerging issues and trends related to financial and credit risks and developing innovative solutions to complex problems.

What you should have:

• A postgraduate degree in a relevant discipline such as finance, accounting or business management.
• A minimum of five (5) years of experience in credit risk and financial risk oversight experience or related relevant experience.
• A demonstrated knowledge and expertise in utilizing risk management practices and in analyzing financial statements.
• A demonstrated expertise in some of the following areas: counterparty credit, institutional credit, rating methodologies, investments, capital markets, understanding of financial instruments, etc.
• Superior communication and presentation skills with demonstrated expertise in articulating complex concepts to various levels of stakeholders.
• A demonstrated ability to conduct analysis to support problem-solving and decision-making.

It would be great if you also had:

• A professional designation, certification and/or specific training in risk management or financial analysis (e.g., Chartered Financial Analyst, Professional/Certified Risk Manager, Financial Risk Management, Chartered Professional Accountant).
• An experience developing and maintaining stochastic projections and forward-looking capabilities to quantify risk and provide data-driven insights.
• An experience in data analytics and/or risk reporting leveraging programming capabilities like Python or R.
• Bilingualism in both official languages (English & French) would be an asset.

Posting closing date: Note, the competition will remain active until filled.

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!