Risk Model Development Intern
Top Benefits
About the role
Join a Challenger
Being a traditional bank just isn’t our thing, so we challenge ourselves to get creative in providing innovative banking solutions for Canadians.
How do we get there? With a talented team of inquisitive and agile challengers that break through the status quo. So, if you’re passionate about redefining the future of banking—while having fun—this could be your next big opportunity.
Our company continues to grow, and today we serve more than 800,000 customers across Canada through Equitable Bank, Canada's Challenger Bank™, and have been around for more than 50 years. Equitable Bank's wholly-owned subsidiary, Concentra Bank, supports credit unions across Canada that serve more than six million members. Together we have over $142 billion in combined assets under management and administration, with a clear mandate to drive change in Canadian banking to enrich people's lives. Our customers have named our EQ Bank digital platform (eqbank.ca) one of the top banks in Canada on the Forbes World's Best Banks list since 2021.
The Work
Reporting to the Director, Model Development, the Risk Model Development Intern will be responsible for supporting model development for AIRB and IFRS 9, as well as streamlining and automating model development processes.
The ideal candidate will have a strong background in quantitative modelling and programing skills in Python, a demonstrated ability to develop credit models that meet business objectives, a critical thought process and a solutions-based approach to problem-solving.
###Model development (45%)
- Support model development activities for AIRB, IFRS 9, and ICAAP
- Participate in data profiling and data quality analysis for model development.
- Research statistical modelling techniques and evaluation applications for specific models and their limitations.
- Support model development documentation.
###Streamline and automate MD processes (55%)
- Identify opportunities in model development processes where streamlining is feasible and possible to improve productivity.
- Identify opportunities to automate components in model development where feasible and possible to improve.
- Prepare proposals and execution plans for identify opportunities.
- Execute plans.
###Let's Talk About You!
- University student (Master’s or PhD), with a focus on a quantitative discipline (Applied Mathematics or Statistics, Engineering, Computer Science), but also open to senior year undergraduate students who are still going to be active students.
- Comfortable programing inPython. Experience working with big data sets building models.
- High attention to detail, ability to review and recommend actions to solve modeling problems.
- Proven ability to communicate clearly (verbally and written), tailoring presentations to the audience.
- Strong organization, time management and multi-tasking skills; managing multiple deadlines at one time.
- Strong analytical skills with the ability to collect, organize, analyze, and disseminate significant amounts of information with attention to detail and accuracy.
- You're a self-starter and driven to succeed. You are motivated by accomplishing your goals and delivering your best to make an impact.
All applications must be submitted through our company website: https://jobs.lever.co/eqbank . Search for:Risk Model Development Intern, Summer 2024
Please scan together and submit ONE DOCUMENT that includes your transcripts, resume, and cover letter. Please note that if the application is not completed properly, it will not be accepted.
What we offer [For full-time permanent roles]
\uD83D\uDCB0 Competitive discretionary bonus
✨ Market leading RRSP match program
\uD83E\uDE7A Medical, dental, vision, life, and disability benefits
\uD83D\uDCDD Employee Share Purchase Plan
\uD83D\uDC76\uD83C\uDFFD Maternity/Parental top-up while you care for your little one
\uD83C\uDFDD Generous vacation policy and personal days
\uD83D\uDDA5 Virtual events to connect with your fellow colleagues
\uD83C\uDF93 Professional development and comprehensive Career Development program
\uD83D\uDC9B A fulfilling opportunity to join one of the top FinTechs and help create a new kind of banking experience
The incumbent will be working hybrid and in office time will be spent working from Equitable Bank’s additional office space located at2200-25 Ontario Street, Toronto, ON.
Equitable Bank is deeply committed to inclusion. Our organization is stronger and our employees thrive when we honour and celebrate everyone’s diverse experiences and perspectives. In tandem with that commitment, we support and encourage our staff to grow not just in their career path, but personally as well.
We commit to providing a barrier-free recruitment process and work environment for all applicants. Please let us know of any accommodations needed so that you can bring your best self to the application process and beyond. All candidates considered for hire must successfully pass a criminal background check and credit check to qualify for hire. While we appreciate your interest in applying, an Equitable recruiter will only contact leading candidates whose skills and qualifications closely match the requirements of the position.
We can’t wait to get to know you!
About EQ Bank | Equitable Bank
Equitable Bank and its digital platform, EQ Bank, are dedicated to driving change in Canadian banking to enrich people's lives. As Canada's Challenger Bank™ and the seventh largest bank by assets, we provide outstanding personal and commercial banking experiences to customers and credit union members across Canada.
Through EQ Bank, our customers have named us one of the top banks in Canada on the Forbes World's Best Banks list since 2021.
Equitable Bank is a proud, wholly owned subsidiary of EQB Inc. (TSX: EQB), a leader in digital financial services.
Equitable Bank: www.equitablebank.ca
EQ Bank: www.eqbank.ca
La Banque Équitable et sa plateforme numérique, Banque EQ, se consacrent à stimuler le changement dans les services bancaires canadiens pour enrichir la vie des gens. Connue comme la Banque Qui DéfieMC, et septième banque en importance au Canada en termes d’actifs, nous offrons une expérience bancaire exceptionnelle aux particuliers, aux entreprises ainsi qu’aux membres des coopératives de crédit dans tout le Canada.
Grâce à nos services, nos clients nous ont nommés au classement Forbes des meilleures banques du monde depuis 2021.
La Banque Équitable est une fière filiale en propriété exclusive d’EQB Inc. (TSX : EQB), un leader des services financiers numériques.
Banque Équitable : www.equitablebank.ca
Banque EQ : www.eqbank.ca
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Risk Model Development Intern
Top Benefits
About the role
Join a Challenger
Being a traditional bank just isn’t our thing, so we challenge ourselves to get creative in providing innovative banking solutions for Canadians.
How do we get there? With a talented team of inquisitive and agile challengers that break through the status quo. So, if you’re passionate about redefining the future of banking—while having fun—this could be your next big opportunity.
Our company continues to grow, and today we serve more than 800,000 customers across Canada through Equitable Bank, Canada's Challenger Bank™, and have been around for more than 50 years. Equitable Bank's wholly-owned subsidiary, Concentra Bank, supports credit unions across Canada that serve more than six million members. Together we have over $142 billion in combined assets under management and administration, with a clear mandate to drive change in Canadian banking to enrich people's lives. Our customers have named our EQ Bank digital platform (eqbank.ca) one of the top banks in Canada on the Forbes World's Best Banks list since 2021.
The Work
Reporting to the Director, Model Development, the Risk Model Development Intern will be responsible for supporting model development for AIRB and IFRS 9, as well as streamlining and automating model development processes.
The ideal candidate will have a strong background in quantitative modelling and programing skills in Python, a demonstrated ability to develop credit models that meet business objectives, a critical thought process and a solutions-based approach to problem-solving.
###Model development (45%)
- Support model development activities for AIRB, IFRS 9, and ICAAP
- Participate in data profiling and data quality analysis for model development.
- Research statistical modelling techniques and evaluation applications for specific models and their limitations.
- Support model development documentation.
###Streamline and automate MD processes (55%)
- Identify opportunities in model development processes where streamlining is feasible and possible to improve productivity.
- Identify opportunities to automate components in model development where feasible and possible to improve.
- Prepare proposals and execution plans for identify opportunities.
- Execute plans.
###Let's Talk About You!
- University student (Master’s or PhD), with a focus on a quantitative discipline (Applied Mathematics or Statistics, Engineering, Computer Science), but also open to senior year undergraduate students who are still going to be active students.
- Comfortable programing inPython. Experience working with big data sets building models.
- High attention to detail, ability to review and recommend actions to solve modeling problems.
- Proven ability to communicate clearly (verbally and written), tailoring presentations to the audience.
- Strong organization, time management and multi-tasking skills; managing multiple deadlines at one time.
- Strong analytical skills with the ability to collect, organize, analyze, and disseminate significant amounts of information with attention to detail and accuracy.
- You're a self-starter and driven to succeed. You are motivated by accomplishing your goals and delivering your best to make an impact.
All applications must be submitted through our company website: https://jobs.lever.co/eqbank . Search for:Risk Model Development Intern, Summer 2024
Please scan together and submit ONE DOCUMENT that includes your transcripts, resume, and cover letter. Please note that if the application is not completed properly, it will not be accepted.
What we offer [For full-time permanent roles]
\uD83D\uDCB0 Competitive discretionary bonus
✨ Market leading RRSP match program
\uD83E\uDE7A Medical, dental, vision, life, and disability benefits
\uD83D\uDCDD Employee Share Purchase Plan
\uD83D\uDC76\uD83C\uDFFD Maternity/Parental top-up while you care for your little one
\uD83C\uDFDD Generous vacation policy and personal days
\uD83D\uDDA5 Virtual events to connect with your fellow colleagues
\uD83C\uDF93 Professional development and comprehensive Career Development program
\uD83D\uDC9B A fulfilling opportunity to join one of the top FinTechs and help create a new kind of banking experience
The incumbent will be working hybrid and in office time will be spent working from Equitable Bank’s additional office space located at2200-25 Ontario Street, Toronto, ON.
Equitable Bank is deeply committed to inclusion. Our organization is stronger and our employees thrive when we honour and celebrate everyone’s diverse experiences and perspectives. In tandem with that commitment, we support and encourage our staff to grow not just in their career path, but personally as well.
We commit to providing a barrier-free recruitment process and work environment for all applicants. Please let us know of any accommodations needed so that you can bring your best self to the application process and beyond. All candidates considered for hire must successfully pass a criminal background check and credit check to qualify for hire. While we appreciate your interest in applying, an Equitable recruiter will only contact leading candidates whose skills and qualifications closely match the requirements of the position.
We can’t wait to get to know you!
About EQ Bank | Equitable Bank
Equitable Bank and its digital platform, EQ Bank, are dedicated to driving change in Canadian banking to enrich people's lives. As Canada's Challenger Bank™ and the seventh largest bank by assets, we provide outstanding personal and commercial banking experiences to customers and credit union members across Canada.
Through EQ Bank, our customers have named us one of the top banks in Canada on the Forbes World's Best Banks list since 2021.
Equitable Bank is a proud, wholly owned subsidiary of EQB Inc. (TSX: EQB), a leader in digital financial services.
Equitable Bank: www.equitablebank.ca
EQ Bank: www.eqbank.ca
La Banque Équitable et sa plateforme numérique, Banque EQ, se consacrent à stimuler le changement dans les services bancaires canadiens pour enrichir la vie des gens. Connue comme la Banque Qui DéfieMC, et septième banque en importance au Canada en termes d’actifs, nous offrons une expérience bancaire exceptionnelle aux particuliers, aux entreprises ainsi qu’aux membres des coopératives de crédit dans tout le Canada.
Grâce à nos services, nos clients nous ont nommés au classement Forbes des meilleures banques du monde depuis 2021.
La Banque Équitable est une fière filiale en propriété exclusive d’EQB Inc. (TSX : EQB), un leader des services financiers numériques.
Banque Équitable : www.equitablebank.ca
Banque EQ : www.eqbank.ca