Risk Model Development Intern
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Job Location:
Monthly Salary:
Posted on:
3 days ago
Vacancies:
1 Vacancy
Job Summary
Join a Challenger
Being a traditional bank just isnt 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 youre passionate about redefining the future of bankingwhile having funthis could be your next big opportunity.
Our company continues to grow and today we serve more than 800000 customers acrossCanadathrough Equitable BankCanadasChallenger Bank and have been around for more than 50 years. Equitable Banks wholly-owned subsidiary Concentra Bank supports credit unions acrossCanadathat serve more than six million members. Together we have over$142 billionin combined assets under management and administration with a clear mandate to drive change in Canadian banking to enrich peoples customers have named our EQ Bank digital platform () one of the top banks in Canada on the Forbes Worlds Best Banks list since 2021.
The Work
Reporting to theDirectorModel Development theRiskModel Development Internwillbe responsible forsupportingmodel developmentfor AIRB and IFRS 9 as well as streamlining and automating model developmentprocesses.
The ideal candidate will have a strong background in quantitativemodellingandprograming skills in Pythona demonstrated ability to developcredit models that meet businessobjectives a critical thought process and a solutions-based approach to problem-solving.
Model development (45%)
- Support model developmentactivities forAIRB IFRS 9 and ICAAP
- Participate indata profilinganddata quality analysisfor model development.
- Research statistical modelling techniquesand evaluationapplications for specific models and their limitations.
- Supportmodel development documentation.
Streamline and automate MD processes (55%)
- Identifyopportunities in model development processes where streamlining isfeasibleand possibleto improve productivity.
- Identifyopportunitiesto automate components in model developmentwherefeasibleand possibleto improve.
- Prepare proposals andexecutionplans foridentifyopportunities.
- Executeplans.
Lets Talk About You!
- University student (Mastersor PhD) with a focus ona 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.
- Comfortableprograming inPython.Experience working withbigdata setsbuilding models.
- High attention to detail ability to review and recommend actions to solvemodelingproblems.
- Proven ability to communicate clearly (verbally and written) tailoring presentations to the audience.
- Strong organization timemanagementand multi-tasking skills; managing multiple deadlines at one time.
- Strong analytical skills with the ability to collect organize analyze anddisseminatesignificant amounts of information with attention to detail and accuracy.
- Yourea self-starter and driven to are motivated byaccomplishingyour goals and delivering your best to make an impact.
All applications must besubmittedthrough our company website: Search for:Risk Model Development InternSummer2024
Please scan together andsubmitONE DOCUMENT that includes your transcriptsresumeand cover note that if the application is not completed properly it will not be accepted.
What we offer For full-time permanent roles
Competitive discretionary bonus
Market leading RRSP match program
Medical dental vision life and disability benefits
Employee Share Purchase Plan
Maternity/Parental top-up while you care for your little one
Generous vacation policy and personal days
Virtual events to connect with your fellow colleagues
Professional development and comprehensive Career Development program
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 Banks additional office space located at 2200-25 Ontario Street Toronto ON.
Equitable Bank is deeply committed to inclusion. Our organization is stronger and our employees thrive when we honour and celebrate everyones diverse experiences and 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 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 cant wait to get to know you!
Required Experience:
Intern
Key Skills
- Python
- C/C++
- Fortran
- R
- Data Mining
- Matlab
- Data Modeling
- Laboratory Techniques
- MongoDB
- SAS
- Systems Analysis
- Dancing
About Company
At Equitable Bank, we specialize in providing branchless financial services that meet the unique needs of all Canadians. Our range of mortgages, savings accounts and investment options are designed to offer the right solutions to match any unique circumstance.
