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VELOCITY – Global Risk Management, Data Analytics – Fall 2021

Requisition ID: 105147Join the Global Community of Scotiabankers to help customers become better off.



VELOCITY – Global Risk Management, Data Analytics

4-Month Fall Internship (September – December 2021)



Recruitment Timelines: 

Deadline to Apply: June 1st, 2021

Video Interview and Plum Assessment: June 1st, 2021


Why work for Scotiabank?

Scotiabank is among the largest banks in the world and the most international bank in Canada. We are powered by our 100,000 high-performing (and awesome) teammates who make a real difference across the globe as a leading provider of advice, products, digital experiences, and financial services. Together with our Digital Factories around the world, we are dedicated to helping our 25 million customers become better-off.

This is a place where you’ll get to learn and develop your skills, while being recognized 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. Say hello to a career at Scotiabank.


What Can I Expect from the Velocity Strategic Functions Program?


Let us be the first to tell you, this 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. In Velocity Strategic Functions, you will gain exposure to multiple business lines across the Strategic Functions of the bank by having a customized plan for your internship. Yes, you read that correctly, a customized plan for YOU. After successfully completing your first co-op or internship with us, we will work with you to establish a learning and mentorship plan that also outlines your next placement with us! Through returning for multiple terms in our program, you will get to learn, grow and experiment within different parts of our Strategic Functions ecosystem and have a clearer view of the business line you hope to join upon graduation.


Are you looking to launch your career in Global Risk Management?

Are you someone who is fascinated with the financial market and the complexities that come with the risks associated to it? Are you someone who wants exposure to an opportunity that will allow you to combine your soft and technical skills? Is working in an environment that is changing day to day a dream of yours? If you answered yes to any of these questions, then this is the place for you!




As an Analyst Co-op Student, the successful candidate will contribute to the control of credit and operational risk for Domestic Personal Lending and Small Business products by providing analytical support to the Risk Management group, including risk models development, acquisitions, portfolio management, and collections.

He/she undertakes detailed statistical analysis to assess measure and enhance credit risk ratings, strategies and predictive models. The incumbent is also responsible for producing and maintaining reports and ad-hoc requests.




Assist in developing new or enhancing existing reports/databases/analytical models by determining the most effective and efficient data compilation method, undertaking the design of reports by combining multiple programs (SAS, DB2, Excel, etc.), and testing/documenting the creation of new reports and procedures.
Complete ongoing analysis, produce trends and forecasts to support the analysis of new and existing policies and strategies by writing programming code (SAS, SQL) to mine data, manipulating/combining data from a variety of sources, producing/maintaining reports/spreadsheet applications, and reviewing/interpreting results to ensure accuracy.
Provide support during preparation of non-routine reporting requests, as required, by: researching/extracting data while ensuring accuracy, preparing analyses to identify issues and trends, providing results to Senior Analysts/Senior Manager for discussion with client, and contributing to preparation of presentations.
Develop and produce detailed monthly, quarterly and annual risk management reports on acquisition and portfolio management trends, key risk management indicators, credit quality, etc.



Good understanding of financial mathematics and statistics
Exposure to risk management concepts and practices an asset
Solid knowledge of data management, aggregation and analysis techniques
Excellent problem solving and decision-making skills
Superior attention to detail able to draw conclusions from large volumes of data
Effective interpersonal and verbal communication skills to interact with both internal and cross-functional groups
Ability to work independently while solving complex tasks and projects
Working towards the successful completion of a post secondary degree in mathematics, statistics, economics or business




Strong proficiency in statistical analysis and data mining, including ability to work with large amounts of data.
Excellent computer programing skills, particularly statistical and database modelling tools, well developed ability to adapt to various programing languages and environments.
Advanced knowledge of SAS or an equivalent statistical package
Reporting tools like MS Power BI, Tableau
Knowledge of SQL, Python
Excellent PC skills with expertise in MS Access and Excel


How To Apply:


For students, we are focused on learning about who you are and what you’re interested in to uncover your true potential.  In short, we don’t believe resumes will provide us with an accurate depiction of what you’re truly about to properly assess your potential.  Instead we want to get to know YOU and hear about the experiences that have shaped you. We know… this might sound crazy but for students applying to one of our campus programs we are no longer requiring resumes. Instead we ask that as part of your application, you complete the below:


Complete your PLUM Profile: Please Click Here to complete your PLUM
Save your PLUM Profile as a PDF.
Complete a short one-way video interview: Please Click Here to complete your Video Interview
Apply to the role through our career site.
Upload a PDF of your PLUM profile instead of your resume when applying.

We welcome all applications, but can only respond to candidates selected for an interview. Scotiabank is committed to providing an inclusive and accessible candidate experience. Only those candidates selected for an interview will be contacted. If you require accommodation during the recruitment and selection process, please let us know. We will work with you to meet your needs.


**In order to be considered for the program you must submit your PLUM Assessment and Video Interview by no later than June 1st, 2021**


Location(s):  Canada : Ontario : Toronto 

As Canada’s International Bank, we are a diverse and global team. We speak more than 100 languages with backgrounds from more than 120 countries. Our employees are committed to a superior customer experience and use the Bank’s six guiding sales practice principles to ensure they act with honesty and integrity.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. If you require technical assistance, please click here. 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.

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