Manager, Securitization Operations

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 our Securitization team, in the Manager, Securitization Operations position. In this role, you will lead the operational execution and governance of key activities supporting the NHA MBS (National Housing Act Mortgage-Backed Securities) Program, including pool creation, readiness for validation, guarantee processes and ongoing operational management. You will ensure effective risk and compliance governance at the operational level, including monitoring, reporting and resolution of loan errors as well as operational incidents, while supporting the Senior Manager on complex risk assessments and escalations. In this role, you will prioritize system enhancements and operational improvements while maintaining effective governance documentation and processes. You will also lead a team of professionals, aligning resources and activities to achieve business objectives, drive continuous improvement, and support a high-performing, engaged workforce.

What you'll do

• Lead and coordinate day-to-day securitization operational activities, ensuring effective execution of pooling and validation readiness processes.

• Monitor operational performance, identify opportunities for improvement, and ensure compliance with established processes, service standards, and regulatory requirements.

• Resolve critical pooling errors and operational issues, escalating complex matters as required.

• Identify, assess, and address risks related to MBS pooling process, including risks related to non-compliant pools, loans, and documentation.

• Maintain and support risk governance activities, including incident management, reporting, audits, regulatory reviews, and adherence to policies and risk frameworks.

• Act as an MBS (Mortgage-Backed security) business lead in Securitization POD, prioritizing system maintenance, incident resolution, and business-driven enhancements.

• Support the delivery of system improvements and operational initiatives while maintaining governance documentation, procedures, controls, and continuity protocols.

• Lead, develop, and engage a high-performing team by setting objectives, managing resources, fostering accountability, and building organizational capability.

• Support operational excellence through strong team performance, employee engagement, effective stewardship of resources, and the promotion of an inclusive and bilingual workplace.

• What you should have

• An undergraduate degree in business, finance, economics or a related field.

• A minimum seven years of relevant experience, including some supervisory or team leadership experience. An equivalent combination or education and experience will be considered.

• An excellent knowledge of financial systems, mortgage securitization and NHA MBS program (National Housing Act Mortgage-Backed Securities Program).

• A solid understanding of regulatory requirements (e.g., OSFI).

• A strong knowledge of operational processes, risk management, compliance, and governance practices.

• An experience supporting process improvements, operational excellence, and business systems initiatives.

• Proven analytical, reporting, and problem-solving skills, with the ability to identify issues and drive effective solutions.

• Excellent communication and stakeholder management skills, with the ability to manage competing priorities and deliver results in a fast-paced, deadline-driven environment.

• It would be great if you also had

• Experience working within an AGILE / POD delivery model.

• Certifications (e.g., CFA, FRM, project management).