There’s no better way to kickstart your career than to do a co-op or internship followed by a new graduate program 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). Once you have completed your Velocity co-op term with strong performance, we would like to invite you back after graduation to join the Activate New Graduate Development Program where you will be able to further grow your career within Global Risk Management!
- 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. You’ll be part of a diverse, collaborative, innovative, and high-performing team. You will receive in-depth training to prepare you for the role, as well as ongoing coaching and feedback to help you succeed! As a Velocity student you have access to exclusive events such as Velocity Day, Community Day, Lunch & Learns, leadership panels, and much more!
- The Activate New Graduate Development Program will provide you with experiences that build a foundation for you to become a future leader, accelerating your career journey from day one. As an Associate in the Activate, GRM stream you will spend 12-months rotating to pre-determined areas that will challenge you. You’ll gain a well-rounded view of the entire organization, while gaining practical experience, focused on high-impact projects within your business line.
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, 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 an interest in 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, 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.
Do you have the skills and requirements that will enable you to succeed in this role? – We’d love to work with you if:
- You are working towards completion of an undergraduate, post-graduate certificate, MBA or Masters program in Risk Management, Finance, Economics or related discipline with an expected graduation date prior to June 2025.
- You are passionate about launching your career in Risk Management through the Activate Program after graduation.
- Strong analytical skills and experience with financial statement analysis, financial concepts, and accounting principles and practices.
- Knowledge of Python, SQL, VBA, MS Office.
- Strong verbal and written communication skills to report complex outputs and findings in a concise and comprehensive manner.
- Attention to detail with a strong ability to multi-task while maintaining a high work standard.
- Demonstrated flexibility in adapting to constantly changing environments.
Term: May-August 2024
Application Deadline: 01/26/2024
What’s in it for you?
- The opportunity to be an early applicant to our Activate New Graduate program within the Global Risk Management stream, and receive an offer before your Summer 2024 internship is even over (receiving an offer would be based on your internship/co-op evaluation)
- You’ll be part of a diverse, collaborative, innovative, and high-performing team.
- In-depth training to prepare you for the role, as well as ongoing coaching and feedback to help you succeed!
- Exclusive student events such as Scotia Student Day, Lunch & Learns, leadership panels, and much more!
- Bank-wide orientation to learn more about Scotiabank and gain exposure to senior leadership across the organization.