Mainstage Session: Canadian Mortgage Insurer Market Overview | The CRO Perspective

09:15 AM - Tuesday, September 15
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This will mark the 5th annual conversation with the Chief Risk Officers of the three Canadian Mortgage Insurers – CMHC, Sagen and Canada Guaranty. - Nadine Leblanc, Chief Risk Officer at CMHC - Curtis Gergley-Garner, Chief Risk Officer at Canada Guaranty - Craig Sweeney, Chief Risk Officer at Sagen Nadine, Curtis and Craig are always candid with their perspectives on risk management and where they see the key trends impacting the residential mortgage industry across Canada. During this panel discussion, moderated by Paul Akey, we will look at key risk management topics including – interest rates and affordability, the housing market, policy, delinquency and credit quality, regulatory change, emerging risks and more.

Speakers

Paul Akey

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Paul Akey
Paul Akey, Senior Risk & Regulatory Advisor

Mr. Akey is a senior financial services executive with over 30 years of experience specializing in enterprise risk management and regulatory oversight. He has held progressively senior leadership roles for more than 20 years at Scotiabank, spanning Risk Management, Finance, and multiple business lines across both the first and second lines of defence, with a consistent focus on strengthening risk frameworks and governance.

Following his tenure at Scotiabank, Mr. Akey served as Chief Risk Officer at Wealth One Bank of Canada for a decade, where he was accountable for the full spectrum of risk management, including credit, market, liquidity, operational, and regulatory risk. In this role, he led the development and execution of the bank’s risk appetite framework, enhanced enterprise risk governance, and served as the primary liaison with regulators, successfully navigating supervisory reviews, regulatory examinations, and ongoing compliance requirements.

Recognized for his deep expertise across banking products and risk disciplines, Mr. Akey has a proven track record of managing risk through varying economic cycles while aligning business strategy with regulatory expectations. He is known for building strong, transparent relationships with regulatory bodies and for fostering a culture of proactive risk identification and disciplined decision-making.

Mr. Akey holds a Bachelor of Science degree from the University of Guelph and an MBA from Dalhousie University. He is actively engaged in the industry, serving on advisory boards and contributing to regulatory and risk-focused roundtables and forums.

Curtis Gergley-Garner

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Curtis Gergley-Garner
Chief Risk Officer, Canada Guaranty

As Chief Risk Officer, Curtis has more than 20 years of financial services experience. Having worked in both Canada and the United States, his diverse background includes customer and risk analytics, capital and portfolio management (including pricing and risk management for capital markets and consumer loan portfolios), economic and regulatory capital allocation, financial software development, customer up-lift and response analytics, and credit cards portfolio management.

Prior to joining Canada Guaranty, Curtis served as the Director of Risk Methodology and Analytics for Consumer Banking at BMO Financial Group where he led a team that developed and maintained all areas of credit risk and capital analytics, models, strategy, and methodology for more than $190 Billion of consumer loan exposures in Canada and the U.S. Curtis holds an Honours Bachelor of Arts degree in Economics from the University of Calgary and an MA in Economics from Simon Fraser University.

Nadine Leblanc

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Nadine Leblanc
Senior Vice-President, Housing Policy and Programs and Interim Chief Risk Officer, CMHC

Nadine Leblanc leads CMHC’s Housing Policy and Programs teams which are responsible for providing evidence-based policy advice to departments responsible for housing and financial stability in Canada and delivering CMHC’s suite of housing programs, which represent major federal investments to increase much-needed housing supply across the country.

Prior to working at CMHC, Nadine was a senior advisor at the Office of the Auditor General of Canada and was responsible for leading large financial Crown corporation audits, including CMHC’s financial audit.

Nadine joined CMHC in 2008 as part of the finance team leading the development of major programs in response to the global financial crisis. She has also held various executive roles at CMHC such as the Chief Audit Officer, the Chief Financial Officer, the Chief Risk Officer, as well as the position of Vice-President, Multi-Unit Underwriting.

Nadine is a CPA and holds a Bachelor of Commerce (Honours Accounting) from the University of Ottawa. In 2018, she received the prestigious Forty Under 40 award, which recognizes business leaders who give back to their community.

Craig Sweeney

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Craig Sweeney
Chief Risk Officer, Sagen

Mr. Sweeney has more than 22 years of professional experience in the mortgage and banking industry. Since joining the Company in 1998, Mr. Sweeney has held senior positions in Operations and Business Development, including Director of Risk Operations and Director of Product Development. Mr. Sweeney received an honours Bachelor of Arts degree in Economics from Carleton University in 1994.