Velocity - Global Risk Management Internship/Co-Op - Fall 2023

Requisition ID: 177520

Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

Velocity – Global Risk Management Internship/Co-Op – Fall 2023

Term: September - December 2023

Application Deadline: 05/19/2023

There's no better way to kickstart your career than to do a co-op or internship with Scotiabank! During your work term, you’ll have the opportunity to be part of a winning team, build your network, and discover what you love – all while getting paid to do it! There’s a place for every type of student at Scotiabank and all that we ask for is that you have passion and strong AOO (Attitude, Ownership and Opportunity).

The Velocity Program is not your average internship or co-op! This is a customized experience that focuses on providing you with the development and tools you need to grow your career. After successfully completing a co-op or internship with top performance, we will work with you to establish your future placements. As a result, you will get to learn, grow, and experiment within different areas of both Scotiabank and Tangerine!

What is Global Risk Management?

Our Global Risk Management teams are highly diverse groups, with a variety of streams that filter into various Risk areas. These different streams include Market Risk, Business Banking Credit Risk, Enterprise Risk, Financial Crimes Risk Management (AML), and Retail Risk, where there are significant opportunities to gain a breadth of exposure within your focus area. Successful candidates will bring strong technical skills relevant to their chosen area, in addition to excellent communication and time management skills. Some roles like Enterprise Risk, for example, will carry a higher focus on risk modelling and analytics, while others like Market Risk will be tied to capital markets activities. If this sounds interesting and exciting to you, we encourage you to research the area you’re most passionate about in the space of Risk Management and apply today!

About The GRM, Business Banking Credit Risk Stream

The Business Banking Credit Risk teams provide credit adjudication and risk oversight for an assigned portfolio within Global Banking & Markets (GBM), Canadian Commercial Banking (CCB) and International Banking (IB) by ensuring that the portfolio is maintained in sound condition with the Bank’s current credit policy.

About The GRM, Enterprise Risk Stream

GRM’s Enterprise Team provide 2nd line governance and oversight to our business lines and support function partners in managing their non-financial risks across many categories. The risk domains you’ll directly cover are non-financial risks, which would include Operational Risk, Third Party Risk, Model Risk and Environmental Risk where the team drives methodology and provides 2nd line oversight and challenge.

About The GRM, Financial Crimes Risk Stream

The Financial Crimes Risk Management (FCRM) Team provides oversight over the banks Anti-Money Laundering, Anti-Terrorist Financing, and sanctions compliance program, including design and effective implementation. The program is designed to mitigate the risks of Scotiabank products or services being used for prohibited activities; and ensure compliance with the laws and regulations applicable to the bank.

About The GRM, Market Risk Stream

The Market Risk stream provides risk oversight for the trading and treasury portfolio in the Bank. Working in close collaboration with the business line, our Market Risk teams ensure market risks are understood and controlled. This involves understanding risk/reward trade offs and working with front office staff to help facilitate business success. Across the team, roles range from quantitative modelling to risk oversight with a strong connection to capital market dynamics.

About The GRM, Retail Credit Risk Stream

The Retail Credit Risk stream is comprised of multiple areas including Risk Technology, Retail Risk Secured Lending and Small Business, and Retail Risk Data and Analytics. Across these areas, teams work on data manipulation, risk technology project work, customer analytics and portfolio management all with a credit risk perspective. This includes analyzing the effectiveness of risk strategies, performing portfolio trend analysis, and pulling, summarizing, and presenting data. In each of these rotations, you will have regular interactions with senior management.

– We’d Love To Work With You If

Do you have the skills and requirements that will enable you to succeed in this role.

• Strong analytical skills and experience with financial statement analysis, financial concepts, and accounting principles and practices
• Attention to detail with a strong ability to multi-task while maintaining a high work standard
• Demonstrated flexibility in adapting to constantly changing environments
• Knowledge of Python, SQL, VBA, MS Office is an asset
• You enjoy being involved in extracurricular activities such as conferences, clubs, and competitions and/or hackathons.
• You love to learn and envision yourself working for an international organization that heavily invests in your future.
• Strong verbal and written communication skills to report complex outputs and findings in a concise and comprehensive manner
• You are currently working towards completion of an undergraduate, post-graduate certificate, MBA or Masters program in Finance, Economics, Risk Management, or related financial discipline

What’s in it for you?

• Bank-wide orientation to learn more about Scotiabank and gain exposure to senior leadership across the organization.
• Exclusive student events such as Scotia Student Day, Lunch & Learns, leadership panels, and much more!
• In-depth training to prepare you for the role, as well as ongoing coaching and feedback to help you succeed!
• You’ll be part of a diverse, collaborative, innovative, and high-performing team.

This program is for students who are working towards completing a college diploma, undergraduate degree, or graduate degree who are looking to secure an exciting opportunity to join a forward-thinking company surrounded by a collaborative team of innovative thinkers and bring a strong curiosity and solutions-focused mindset to their work. They manage internal and external relationships exceptionally well and are focused on doing the right thing. They challenge themselves and the team members around them to find the best solutions possible. They bring a solutions-focused Attitude, they recognize Opportunities to not only learn but to contribute to team outcomes, and they show Ownership over their work and deliverables.
How do I apply?
Instead, We Ask That As Part Of Your Application You Complete The Below
For students applying to our internship/co-op or new graduate programs, we do not require resumes. We believe in evaluating you through relationships over resumes and are focused on learning about who you are and what you’re interested in to uncover your true potential.

• Complete your PLUM Profile here and save as a screenshot.
• Complete a short one-way video interview here.
• Apply to the role and when the application asks for your resume, instead upload the screenshot of your PLUM Profile.
• To be considered for student opportunities at Scotiabank, Tangerine, and MD Financial you must complete all steps above.

Location(s): Canada : Ontario : Toronto
Scotiabank is a leading bank in the Americas. Guided by our purpose: "for every future", we help our customers, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.
At Scotiabank, we value the unique skills and experiences each individual brings to the Bank, and are committed to creating and maintaining an inclusive and accessible environment for everyone. If you require accommodation (including, but not limited to, an accessible interview site, alternate format documents, ASL Interpreter, or Assistive Technology) during the recruitment and selection process, please let our Recruitment team know. If you require technical assistance, please click here. Candidates must apply directly online to be considered for this role. We thank all applicants for their interest in a career at Scotiabank; however, only those candidates who are selected for an interview will be contacted.