Senior Specialist, Pricing, Analytics and Reporting (Securitization)

Job Requisition ID : 10188

Position Status : Permanent Full Time

Position Type : Hybrid

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

Travel Requirement : Travel not required

Language Designation : English Essential

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

Salary : Our salaries generally range from $ 99646.37 to $ 124557.97 and are based on qualifications and experience.

About CMHC

At CMHC, the work you do and the work we do together matters. We come to work every day with a common purpose : to realize a future where everyone in Canada has a home that they can afford and meets their needs.

Our people are second to none. We lean in with courage, band together as a community and try new things to make a lasting impact on housing from coast to coast to coast.

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 what you get when you're a permanent employee :

• 5 weeks of vacation.
• Annual individual performance bonus.
• Defined benefit pension plan.
• Comprehensive group insurance plan to support your well-being from day one.
• Support in your personal and professional growth with training, mentorship and more - because when you thrive, we thrive.
• An inclusive workplace culture and environment with Employee Resource Groups and more.
• A hybrid work model that lets you balance working from home and nurturing in-person connections by coming into your region's office at a minimum of 4 times a month.

Join the Securitization Operations Team, where you will support CMHC's securitization guarantee activities by undertaking National Housing Act Mortgage-Backed Securities (NHA MBS) pricing and analysis of pools submitted for sale to Canada Housing Trust (CHT) as part of the Canada Mortgage Bond (CMB) program.

In this role, you will assist with funding allocations and various activities related to each CMB transaction and assist with the assessment and allocation of NHA MBS guarantee limits.

You will also contribute to the design, development, analysis and reporting on performance and risk measures related to CMHC's securitization programs.

What you'll do :

• Compute and report on securities guaranteed / guarantees in force and other securitization performance measures for quarterly and annual financial statements, five-year corporate planning purposes and corporate stress testing scenarios.
• Review NHA MBS Issuer allocation requests and conduct quarterly NHA MBS guarantee allocations and reallocations when applicable.
• Contribute to the execution of CMB program operations by ensuring timeliness, accuracy and completeness (sales offers and closing schedule, etc.

allocating CMB funding and providing related data files to internal and external stakeholders.

• Verify the eligibility of each National Housing Act (NHA) Mortgage-Back Securities (MBS) pool offered for sale to CHT and, where applicable, calculate and / or revise the price of mortgage-backed securities offered for sale based on the requirements of the CMB program and make recommendations regarding acceptability.
• Support projects and initiatives aimed at enhancing the NHA MBS pricing and valuation.
• Monitor the compliance of securitization guarantee activities with CMB program requirements, and control CMHC's risk tolerance levels.
• Ensure fulfillment of CMHC's financial services advisor responsibilities related to the CMB program (e.g., verification of costs / payment direction, timely review of all permitted investments, verification and approval of collateral returns / substitutions, monitoring of CMB maturities, etc.

and ensure functions of the Trust Administrator for CHT are performed accurately and in accordance with program policies.

Provide recommendations / solutions to deal with complex issues related to CMHC securitization programs.

What you should have :

• An undergraduate degree in business, finance, economics or another related field.
• A minimum seven (7) years of prior relevant experience in securitization and / or capital markets.
• An advanced knowledge of mortgage-backed securities / asset-backed securities (MBS / ABS), fixed income security pricing / trading and the conceptual and transactional elements of securitization funding models.
• A broad-ranging knowledge of capital markets instruments, securitization markets, regulatory issues, accounting and disclosure standards, and trends in funding and risk management practices.
• Strong analytical and problem-solving skills, and the ability to model and assess financial risks.
• A knowledge of techniques for the measurement and understanding of financial and operational risks, as well as performance.
• A demonstrated ability to work in a sophisticated technological environment, using tools such as spreadsheets, databases, Power BI, Bloomberg, etc.

It would be great if you also had :

A post-graduate degree(s) in business, finance, economics or another related field, and / or professional designations attesting specialty in the areas of finance and risk management would be considered assets (e.

g., Chartered Financial Analyst, Financial Risk Manager).

Posting closing date : Note, the competition may 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!