Risk Analyst Intern, Fall 2023

Join a Challenger
Being a traditional bank just isn’t our thing. We are big believers in innovating the banking experience because we believe Canadians deserve better options, and we challenge ourselves and our teams to creatively transform what’s possible in banking. Our team is made up of inquisitive and agile minds that find smarter ways of doing things. If you’re not afraid of taking on big challenges and redefining the future, you belong with us. You’ll get to work with people who will encourage you to reach new heights. We like to keep things fun, ask questions and learn together.
We are a big (and growing!) family. Overall we serve more than 370,000 people across Canada through Equitable Bank, Canada's Challenger Bank™, and have been around for more than 50 years. Equitable Bank's wholly-owned subsidiary, Concentra Bank, supports credit unions across Canada that serve more than 5 million members. Together we have over $100 billion in combined assets under management and administration, with a clear mandate to drive change in Canadian banking to enrich people's lives. Our EQ Bank platform ( eqbank.ca ) has been named the top Schedule I Bank in Canada on the Forbes World's Best Banks 2023, 2022, and 2021 lists.
Purpose of the Job
Reporting to the Director, Model Development, the Risk Analyst will be responsible for supporting model development for AIRB and IFRS 9, as well as streamlining and automating model development process.
The ideal candidate will have a strong background in quantitative modelling and programing skills in Python, a demonstrated ability to develop credit models that meet business objectives, a critical thought process and a solutions-based approach to problem-solving.
Work Term: September 4, 2023 to December 29, 2023.
The Work

• Model development (45%)

Support model development activities for AIRB, IFRS 9, and ICAAP

• C. Support model development documentation
• B. research statistical modelling techniques and evaluation applications for specific models and their limitations
• Streamline and automate MD processes (55%)
• A. Participate in data profiling and data quality analysis for model development,

Support The Director, Model Development To

• B. Identify opportunities to automate components in model development where feasible and possible to improve,
• A. Identify opportunities in model development processes where streamlining is feasible and possible to improve productivity,
• C. Prepare proposals and execution plans for identify opportunities,
• D. Execute plans

Let's Talk About You!

• Comfortable programing in Python. Experience working with big data sets building models,
• High attention to detail, ability to review and recommend actions to solve modeling problems,
• Proven ability to communicate clearly (verbally and written), tailoring presentations to the audience,
• You're a self-starter and driven to succeed. You are motivated by accomplishing your goals and delivering your best to make an impact.
• University student (undergraduate program), with a focus on a quantitative discipline (Applied Mathematics or Statistics, Engineering, Computer Science)
• Strong analytical skills with the ability to collect, organize, analyze, and disseminate significant amounts of information with attention to detail and accuracy,
• Strong organization, time management and multi-tasking skills; managing multiple deadlines at one time,

How to Correctly Submit Your Application

• Please note that you must be an active student going back to school. Applications from students who have already graduated will not be accepted unless you need to do a co-op placement in order to graduate.
• Please scan together and submit ONE DOCUMENT that includes your transcripts, resume and cover letter. Please note that if the application is not completed properly, it will not be accepted.
• All applications must be submitted through our company website: https://jobs.lever.co/eqbank . Search for: Commercial Analytics Intern, Fall 2023

What We Offer

• A modern work environment in Toronto, easily accessible by TTC
• Competitive pay
• A fun, relaxed, diverse work environment

What we offer [For full-time permanent roles]
💰 Competitive discretionary bonus
✨ Market leading RRSP match program
🩺 Medical, dental, vision, life, and disability benefits
📝 Employee Share Purchase Plan
👶🏽 Maternity/Parental top-up while you care for your little one
🏝 Generous vacation policy, personal days and even a moving day
🖥 Virtual events to connect with your fellow colleagues
🎓 Annual professional development allowance and a comprehensive Career Development program
💛 A fulfilling opportunity to join one of the top FinTechs and help create a new kind of banking experience
The incumbent will be working hybrid and in office time will be spent working from Equitable Bank’s additional office space located at 351 King Street East, Toronto, ON.
Equitable Bank is deeply committed to inclusion. Our organization is stronger and our employees thrive when we honour and celebrate everyone’s diverse experiences and perspectives. In tandem with that commitment, we support and encourage our staff to grow not just in their career path, but personally as well.
We commit to providing a barrier-free recruitment process and work environment for all applicants. Please let us know of any accommodations needed so that you can bring your best self to the application process and beyond. All candidates considered for hire must successfully pass a criminal background check and credit check to qualify for hire. While we appreciate your interest in applying, an Equitable recruiter will only contact leading candidates whose skills and qualifications closely match the requirements of the position.
We can’t wait to get to know you!