Business Systems & AI Intern

interac; Toronto; Hybrid; CAD 29,000 - 40,000; Full time

Benefits offered by this job

Downtown Toronto office

Learning bootcamp

Intern socials

Flexible hybrid work model

Job summary

Interac invites students to join the Product Foundation team within Money Movement for an AI-assisted internship focused on API specification reviews. You will explore how AI can identify missing information, naming inconsistencies, and validation gaps, developing a controlled proof of concept and repeatable workflows validation by the team.

You will work with BSA, Product partners, and engineers to define taxonomy, generate findings, and ensure traceability from issues to resolution.

Qualifications

• Currently enrolled in a university or college program in a relevant discipline.
• Experience in data analysis, project management and/or business analyst.
• Proficiency in SQL and Python for data manipulation and analysis.

Responsibilities

• Assess the current API specification review process and identify pain points in collaboration with BSA and Product teams.
• Explore practical AI-assisted techniques for reviewing API specifications and detecting gaps, inconsistencies, and potential quality issues.
• Define a structured taxonomy and evaluation criteria for discrepancies such as missing fields, inconsistent naming, conflicting definitions, validation gaps, and version differences.
• Develop a controlled proof of concept that uses AI to compare and analyze selected API specifications and generate findings for human validation.
• Create structured reports that capture each discrepancy, its source reference, potential impact, confidence level, and follow-up.
• Evaluate AI-generated findings against manually reviewed examples, document accuracy and limitations, and refine prompts or rules.

Skills

LLMs prompts workflows

APIs familiarity

Prototyping

Data analysis

SQL

Python

Communication

Attention to detail

Education

University/college program in data science or CS

Job description

Who We Are:

Every transaction matters. Every Canadian matters. At Interac, we protect both - driving trust, security, and inclusion, so our digital economy thrives.

Founded in 1984, Interac connects Canadians through secure digital payments, advanced identity verification and industry-leading fraud protection. Connecting banks, businesses, and individuals, Interac enables millions to send, receive, and manage money safely and effortlessly every day - across both digital and physical environments.

As the backbone of Canada's financial ecosystem, Interac facilitates over 20 million transactions daily, supported by trusted partnerships with government and financial institutions. Consistently ranked as Canada's most reputable financial technology brand, Interac is deeply embedded in the daily lives of Canadians.

Who You Will Work With:

You will join the Product Foundation team within Money Movement and work closely with Business Systems Analysts, Product partners, developers, Quality Engineering, and subject-matter experts.

During the internship, you will explore how AI can support the review of API specifications by identifying missing information, naming inconsistencies, conflicting definitions, validation gaps, and differences across specification versions. You will help develop and evaluate a controlled proof of concept, compare AI-generated findings with manually reviewed examples, and create repeatable workflows and guidance that improve the efficiency, consistency, and accuracy of API specification reviews.

This is a collaborative and hands‑on opportunity to apply AI to a practical business and technology challenge. AI-generated observations will be validated by accountable team members before being used

What You Will Do:

• Assess the current API specification review process and identify pain points, repetitive activities, and common sources of rework in collaboration with the BSA and Product teams.
• Explore practical AI-assisted techniques for reviewing API specifications and detecting gaps, inconsistencies, and potential quality issues.
• Define a structured taxonomy and evaluation criteria for discrepancies such as missing fields, inconsistent naming, conflicting definitions, validation gaps, and differences between specification versions.
• Develop a controlled proof of concept that uses AI to compare and analyze selected API specifications and generate findings for human validation.
• Create structured reports that capture each discrepancy, its source reference, potential impact, confidence level, and recommended follow-up.
• Evaluate AI-generated findings against manually reviewed examples, document accuracy and limitations, and refine prompts or rules based on feedback.
• Work with subject‑matter experts to validate observations and maintain clear traceability from identified issues through review and resolution.
• Develop user guidance, safeguards, and recommendations that support the future adoption or extension of AI‑assisted API specification reviews across the Product Foundation, BSA, and Product teams

What You Bring:

• Basic understanding of LLMs, prompts, agents, and workflows
• Familiarity with APIs, data sources, and system integrations
• Ability to prototype solutions quickly and iterate based on feedback
• You are currently enrolled in a university or college program in a relevant discipline, like Data science, computer science, cybersecurity or IT
• Proven experience in data analysis, project management and/or business analyst
• Understanding of cloud infrastructure, data engineering and data management technologies
• Strong collaborative skills to work effectively with fraud teams and other stakeholders.
• Experience in data analysis, statistical modeling, and feature development within relevant industries
• Proficiency in SQL and Python for data manipulation and analysis
• Strong collaborative skills to work effectively with other teams and other stakeholders
• You have excellent communication skills to document requirements and workflows clearly
• Have strong attention to detail to improve analysis and specifications

Although not required, you have some familiarity or previous experience with the following:

• Understanding of the payments/banking industry/fintech/finance

What We're Offering:

• The hourly pay rate for this position is $25, and the internship term runs from January to April 2027. The exact amount will depend on factors such as skills, experience, and job-related knowledge.
• Flexible hybrid work model with monthly intern socials for better work-life balance
• Convenient downtown Toronto office located minutes away from Union Station
• Interac learning bootcamp designed to help you hit the ground running

Why Join Us?

At Interac, the impact we make, and the people who drive it, is profound. When you become part of our team, you're joining a purpose-driven organization that's shaping the future of digital finance in Canada. Here's what you can expect: