Summer Intern, Corporate Banking – Montréal, QC
Global Banking and Markets
Global Banking and Markets (GBM) is a leading Canadian Capital Markets and Investment Banking business with a growing platform in the US and Latin America, operating globally for over 100 years. Scotiabank’s strong U.S. presence provides our clients an important bridge to this key global market for trade and investment flows across the Americas and the world.
Global Banking & Markets provides a full range of investment banking, credit and risk management products and services relevant to the financing and strategic development needs of our clients. Our products include debt and equity financing, mergers & acquisitions, corporate banking, institutional equity sales, trading and research, fixed income products, derivatives, energy, foreign exchange and precious & metals. We also cross-sell the full range of wholesale products and services offered by the Scotiabank Group.
Be part of an innovative, Global Capital Markets and Investment Banking business with a unique geographic footprint that puts capital to work for our clients across industries! We work together to drive ambition for every future!
Position Highlights
As a Summer Intern, you will be responsible for aiding on all credit-related activities including monitoring industry trends, tracking financial performance and compliance for our clients, drafting internal credit presentations, client presentations and pitches, performing due diligence and negotiating documentation.
The Summer Intern will work closely with the Corporate Banking Analysts, Associates and Associate Directors to support the Directors and Managing Directors in managing client relationships across various industries in the Province of Québec. The Summer Intern will also interact with product partners across Global Banking and Markets, including investment bankers and traders, to support our clients’ needs across the full suite of products and services Scotiabank can offer.
What You’ll Do:
- Provide day to day account management support
- Structure, analyze and perform due diligence on transactions that vary in complexity
- Assists in the management of loan portfolio including quarterly and annual credit reviews, coordination of account management with team members and Global Risk Management, amendments and structuring of credit facilities
- Assess credit requirements of existing and prospective clients; assist in the preparation of client marketing pitches and other presentations
- Ensure credit files, agreements and security documents are complete and up to date
- Monitor and follow client compliance reporting requirements
- Develop recommendations for the appropriate course of action
- Research credit and bank product requirements of existing and prospective clients
- Coordinate with various product groups within GBM
- Expand industry and product knowledge by developing and maintaining relationships with clients, other lenders, legal counsel, and internal product specialists
What You’ll Bring:
- In the process of completing BComm/MBA/CFA designation
- Corporate Banking or appropriate financial experience an asset
- Fluent in written and spoken French and English
- Self-motivated, results-focused, team player with strong learning ability and drive
- Strong sense of professionalism in all client interaction
- Excellent writing and verbal skills with concise rationale supporting recommendations and actions
- High attention to detail with a sense of urgency appropriate to the situation
- Strong time management skills and driven to achieve timelines and goals
- Promotes cooperation, teamwork, and professional internal relationships
- Financial modelling skills and accounting knowledge
- Strong organizational and computer skills including the use of MS Office, Excel, Word, PowerPoint
Work Arrangement:
This position is currently a hybrid role, with the expectation that you will work 4 days a week (minimum) in the office. Please note that this is subject to change based on the needs of the business.
Interested?
At Scotiabank, every employee is empowered to reach their fullest potential, respected for who they are and, embraced for their differences. That’s why we work to grow and diversify talent and engage employees in a performance-oriented culture.
What’s in it for you?
Scotiabank wants you to be able to bring your best self to work – and life, every day. With a focus on holistic well-being, our many flexible benefit programs are designed to help support your unique family, financial, physical, mental, and social health needs.
Pursuant to a language needs assessment conducted by Scotiabank, the successful candidate will be required to be able to communicate in English in addition to French because they will be required to work closely with other groups from head office who operate primarily in English, they will report to a manager from head office who is an English speaker, and/or they will serve an English-speaking clientele.
Location(s): Canada : Quebec : Montreal