Senior Specialist, ORSA (Own Risk and Solvency Assessment)

at  CMHC

Job Requisition ID: 10815
Position Status: Permanent Full Time
Position Type: Hybrid
Office Location: Ottawa (ON); Calgary (AB); Halifax (NS); Montreal (QC); 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 $ 99646.37 to $ 124557.97 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. We have flexibility, in how, when, and where we work, within the boundaries of the business needs and the nature of your role. 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 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 role
Join the Deputy Chief Risk Officer team in the role of Senior Specialist, ORSA (Own Risk and Solvency Assessment). In this role, you will lead a variety of assignments to support own risk and solvency assessment (ORSA) process. You will monitor risk limits (including but not limited to insurance, credit, market and liquidity risk etc.), prepare risk insights (e.g. reports on stress testing and ORSA results) and author management material (i.e. memos, decks, documentation) to management, senior executive committees and to the Board. Additionally, you will develop capabilities to oversee risks including working with stakeholders to implement the methodology, metrics, and program standards for the assigned portfolio to ensure compliance and effective monitoring and timely reporting.

WHAT YOU’LL DO:

• Lead own risk and solvency assessment process; design, develop and produce management risk reports and memos for various working groups and committees. Prepare risk reports and analysis in response to ad-hoc requests.
• Monitor the financial market and economic environment and assess the impacts on capital requirement.
• Independently administers and evaluates models, model assumptions, and key metrics used for the measurement of risk for adherence to all policies and procedures applicable to the transaction based on established processes, documents and reports results of evaluations on an individual and summary basis.
• Develop and maintain in-depth knowledge of business and related risk management requirements, industry standards and legislative/ regulatory directives and guidance.
• Work independently and regularly handle highly complex situations. Broader work or accountabilities may be assigned as needed.
• Identify emerging issues and trends to inform decision-making.

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.
• An inclusive workplace culture and environment