Senior AI Actuarial Specialist

Canada Mortgage and Housing Corporation

Ottawa, ON
Permanent
Full-time

21 mins ago

Job Requisition ID: 11945Position Status: Permanent Full TimePosition Type: HybridOffice Location: Ottawa (ON); Calgary (AB); Halifax (NS); Montreal (QC); Toronto (ON); Vancouver (BC)Travel Requirement: LimitedLanguage Designation: English EssentialLanguage Skill Levels (Read/Write/Speak): ZZZSecurity Requirement: SecretSalary: Our salaries generally range from $ 101639.3 to $ 127049.13 and are based on qualifications and experience.About CMHCThe 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 youWe'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.

About the roleJoin the Model Risk Management team, in the Senior AI Actuarial Specialist 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.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 in line with established actuarial and AI frameworks.
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 management policies.
Provide technical and analytical expertise.
Analyze business challenges and deliver recommendations using modelling and validation expertise, ensuring models accurately reflect current market conditions and dynamics.
Support and guide stakeholders in using and interpreting models by clearly communicating results, model risks and limitations.
Foster effective and sustainable collaboration with internal and external partners to support knowledge transfer, operational compliance and the long-term sustainability of systems and automated tools.

Top of FormBottom of FormWhat you should have:

A minimum of three years of experience in model validation, model development, quantitative research or actuarial work within a financial institution, insurance company, asset management firm or academic/research environment.
Strong actuarial and quantitative foundation, including a solid understanding of mathematical finance, risk management, pricing principles and actuarial methodologies.
Proficiency in Python for model development, data analysis and automation; working knowledge of R and/or SAS.
Knowledge of model risk management concepts, governance frameworks and validation best practices.
Good understanding of the Canadian financial sector, real estate markets and the mortgage ecosystem.
Excellent analytical, written communication and presentation skills.

It would be great if you also had:

An actuarial designation (FCIA, FSA or equivalent) or significant progress toward one.
Knowledge of large language models (LLMs) and agentic AI frameworks, along with their practical applications in financial services.
Hands-on experience with generative AI (GenAI) tools and big data ecosystems (e.g., Hadoop, HDFS, Hive, Spark).
Experience working in a regulatory environment or with OSFI supervisory processes.

Posting closing date: Note, the competition will remain active until filled.Our commitment to diversity, equity, and inclusionWe'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.What happens after you applyWe know that applying for a new job can be both exciting and daunting, and we appreciate your effort. . 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!

Canada Mortgage and Housing Corporation

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