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Requisition ID: 172806

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

Duration: Late June – August 2023 (10 weeks)

Location: London, England

Why work for Scotiabank?

Scotiabank is a leading bank in the Americas. We are powered by our 97,000 high-performing teammates who make a real difference across the globe as a leading provider of advice, products, digital experiences, and financial services. This is a place where you’ll get to learn and develop your skills, while being recognised for your hard work. At Scotiabank, we’re passionate about bringing our whole selves to work, allowing us to create inclusive work environments for everyone to enjoy.

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.

Is this role right for you?

The Global Risk Management Summer Internship is an exciting opportunity to join the London-based Risk team of a Canadian Bank for 10 weeks during Summer 2023. This programme is rotational and will provide the opportunity to gain a varied experience in the different areas within the Risk division in an Investment Bank. This internship will allow you to deepen your understanding of how an Investments Bank’s Risk function works, and learn what it takes to be a trusted business partner.

This role sits within the GRM team in London which focuses on: credit risk, counterparty risk, market risk, liquidity risk, climate risk, stress testing and non-financial risks including operational risks, IT & cybersecurity risk, third-party risk and model risk.

What will my responsibilities look like?

• Assist with preparing the Risk reporting packs for various Committees in London
• Working with the SMEs, assist various tasks on Operational risk, IT and Cyber risk and Third-Party risk
• Assist the Chief Risk Officer with the quarterly update of the top and emerging risks
• Provide assistance with the assessment and evaluation of all credit applications submitted by Corporate Banking Europe and GCM Banking to ensure appropriate local oversight of all credit risk
• Assist with monitoring the quality of accounts and providing timely review of all applications and submissions
• Assist in the provision of accurate and timely reporting and monitoring of the London trade floor counterparty risk portfolio.
• Closely follow markets and design a market data dashboard across asset class using Bloomberg feed and excel
• Run BAU market risk process including limit monitoring and reporting

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 a penultimate year undergraduate student studying a relevant degree (e.g., Economics, Business Management, Finance and Accounting, Mathematics, Sciences, Engineering, Law, etc.)
• Have a basic understanding of banking and risk management
• Have an analytical mindset with a passion for critical thinking and working collaboratively
• Possess excellent interpersonal skills and are looking to work as part of a diverse and inclusive team

How to apply:

You must apply via the Scotiabank career portal and complete all steps outlined below to be considered for this position.

• Fill out an application by clicking the “Apply” button
• Submit your CV when prompted (please note a cover letter is not required)
• Successful applicants will be contacted regarding next steps, which will be formed of two interviews with members of the Risk Team

Summer Internship applications are reviewed on a rolling basis. We thank all candidates for taking the time to apply; however, only those candidates selected for an interview will be contacted.

Scotiabank is committed to providing an inclusive and accessible candidate experience. If you require accessibility accommodations during the recruitment, selection, and/or onboarding processes, please let us know. We will work with you to meet your needs. We value the unique skills and experiences everyone brings to the Bank and are committed to creating and maintaining an inclusive and accessible environment for everyone. Accommodations (including, but not limited to, an accessible interview site, alternate format documents, or Assistive Technology) at any stage of the recruitment life cycle will be provided upon request.

Location(s): England : Greater London : London

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. 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.