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VELOCITY – Global Risk Management, Market Risk – Fall 2021

Requisition ID: 105149Join the Global Community of Scotiabankers to help customers become better off.



VELOCITY – Global Risk Management, Market Risk

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!


Market Risk Measurement, Global Risk Management is responsible for implementing models to quantify the risks in the Bank’s trading activities. The main risks considered are:

Market risk. The risk associated with the Bank losing money due to adverse market movements negatively affecting the values of derivatives and assets held in its trading books
Counterparty credit risk. The risk associated with the Bank losing money due to being owed by its counterparties on derivatives and the counterparty not honoring its obligations due to default or other credit events
These two categories share many features since they both require simulation of future possible values of our portfolios of derivatives and trading assets. It is a very complex problem to do this in way which maintains rigor when looking at any one component but also rolls up correctly so that the view of risk aggregated across all positions also makes sense.




Assisting with the integration of new products into our simulation models in market / counterparty credit risk
Supporting processes around regulatory approach for market / counterparty credit risk
Conducting tests to quantify the significance of some modeling assumptions
Assisting with reporting and other back end processes, such as enterprise exposure reporting and stress testing
Testing of new data feeds



Strong quantitative skills
Python and/or C++ coding skills and other scripting languages (R, Unix shell scripting, etc.)
Basic MS Office suite abilities

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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