Intern - Treasury Analyst (Fall student)

Join a Challenger

At EQ, we're remaking banking so every Canadian gets ahead, every day. Serving nearly 4 million Canadians from coast to coast, we offer a wide variety of financial services from banking and lending, to trust and credit union solutions.

We've been at this since 1970, challenging the conventions of traditional banking with smarter, faster, and more connected financial experiences.

What's kept us moving? The people behind it all: challengers who ask better questions, push back on old assumptions, and look for a better way forward.

If you're driven to help reshape how banking works for Canadians and the businesses that power our economy, this could be your next big opportunity.

We can’t wait to get to know you!

Purpose of the Job

The Credit Risk Intern will report to the Senior Manager of Credit Risk and work closely with Credit Risk Analysts, Associates, and Managers. While this role does not carry decision making authority, the intern is accountable for producing accurate analysis, maintaining data integrity, and adhering to internal risk management and governance standards.

The work supported by this role contributes to understanding transaction-level and portfolio risk and supporting sound credit risk management practices across the Bank.

The Credit Risk Intern will support operational and transformation initiatives within the Credit Risk department, primarily:

Assist in the automation (through AI) of IFRS 9 controls/checks for audit purposes and

Assisting other Credit Risk teams (e.g. Retail Lending Quality Assurance) with the enablement of Artificial Intelligence (“AI”) tools in select functions.

The ideal candidate has a strong interest in process improvement and technology with a desire for exposure to a business/finance/risk environment.

The Core Responsibilities of the Job

• Execute daily, weekly, and monthly GIC operational activities, including origination monitoring, pricing dashboards, and journal entries.
• Maintain resilient operations with effective controls.
• Optimize/re-engineer processes to simplify operations while upgrading outputs.
• Manage the day to day cash/ investment operations by effectively working with stakeholders to position the Bank within risk limits
• Act as a backup for other Treasury processes covered by team members.
• Execute various ad-hoc initiatives and analyses

Let's Talk About You!

• An undergraduate degree in a relevant field required. (Business, Finance, Economics, Mathematics, etc.]
• Knowledge of banking products such as loans and deposits and how they work.
• Exposure to capital markets, including the valuation and pricing of fixed income securities.
• Ability to breakdown processes to simplify/ re-engineer
• Strength in working collaboratively with internal/ external partners and maintaining these relationships.
• Strong Excel skills, including reconciliations and comfort working with data via tools such as SQL or SAS.
• Working with any of the following treasury activities considered an asset: Funding, Trading, Liquidity Risk Management, Market Risk Management, Capital Management, and Transfer Pricing.
• Bloomberg, CANNEX, and/or Portfolio+ experience considered assets.
• Exposure working in an OSFI regulated financial institution.
• Strong analytical and problem-solving skills, including comfort operating in a quantitative area.
• Good attention to detail, including a sense of ownership and ability to operate independently.
• Superior work-ethic and a hunger for continual learning.
• Good communication skills, including distilling data analysis into key findings.
• Highly driven to go above and beyond expectations