ESG Credit Risk Special Project

The Toronto-Dominion Bank (Canada); Toronto; On-site; CAD 80,000 - 100,000; Full time

Job summary

A leading financial institution in Toronto is seeking co-op students to assist with climate risk management projects. This role involves developing AI-driven use cases, researching best practices in the industry, and delivering final proposals. Ideal candidates are enrolled in graduate programs related to finance or data analytics and possess strong analytical and communication skills. The internship offers practical experience within the financial sector focused on climate risk integration.

Benefits

Professional mentorship

Competitive benefits plan

Hands-on exposure to financial risk management

Qualifications

• Currently enrolled in a graduate degree in relevant fields.
• Ability to analyze large datasets.
• Effective communication of complex issues.
• Ability to manage through undefined spaces.

Responsibilities

• Support the development of AI-use cases for climate risk management.
• Research industry practices and academic approaches.
• Deliver a detailed use case proposal and presentation.

Skills

Analytical skills

Strategic thinking

Strong communication skills

Adaptivity

Proficiency in Microsoft suite

Education

Graduate degree in Finance, Accounting, Analytics, Data, Business/Commerce

Tools

Microsoft Excel

Microsoft PowerPoint

R

SAS

Python

SQL

Job description

DEPARTMENT OVERVIEW

Environment, Social & Governance Risk Management team under Non-Financial Risk Management (NFRM) is responsible for the identification, assessment, remediation and reporting of climate risk within TDBG's credit portfolio. The group is accountable for ensuring that the risks associated with climate change are incorporated into the broader assessment of how TD's credit products and exposures fit within TD's Risk Appetite. ESG Risk Management provides strategic guidance, advice and independent challenge to support TD in achieving its climate objectives in the broader context of meeting its strategic objectives.

JOB DESCRIPTION

Reporting to the Senior Manager, ESG Credit Risk, the co-op students will support the development of AI-use cases that can be applied for effective climate risk management of catastrophic risk within TD's Retail and Non-Retail lending portfolios across the Banks' global footprint.

Climate change is rapidly emerging as a key risk factor for the financial sector, requiring banks to evaluate its impacts with the same rigor as traditional financial risks. At the same time, artificial intelligence (AI) is transforming how organizations process complex data and enhance decision-making. This project offers the opportunity to explore the intersection of climate science, finance, and technology by supporting our ESG Risk Management team, in partnership with Layer 6, design practical use cases for AI in catastrophic risk management.

Over a project period, students will research industry practices and academic approaches, identify opportunities where AI can add value, investigate AI techniques such as predictive modelling, natural language processing, scenario generation, or generative AI, and develop tailored use cases relevant to a lending business context. Possible applications include portfolio stress testing, climate scenario analysis, pricing, or key risk indicators and trends. The goal is to bridge theory and practice—combining academic research with real-world financial risk considerations.

By the end of the project, students will deliver a detailed use case proposal supported by research and analysis, along with a final presentation to the bank’s ESG Risk leadership team. The project offers hands‑on exposure to one of the fastest-growing areas of financial risk management, professional mentorship, and the opportunity to contribute to shaping how Canadian banks integrate climate risk into business model.

JOB REQUIREMENTS

• Currently enrolled in a graduate degree in Finance, Accounting, Analytics, Data, Business/Commerce or related field.
• Analytical skills: ability to analyze large datasets and produce analytical insights to drive strategy change.
• Strategic thinking: convergent and divergent thinking; think outside the box; ability to connect the dots.
• Strong communication skills: clear articulation of the risks and opportunities; facilitate effective discussion on complex issues.
• Adaptivity: ability to remain organized and manage through a space that is not well defined where solutions may be multi‑faceted, and the industry environment is prone to change.
• Proficiency in Microsoft suite, including Excel and PowerPoint. R, SAS, Python, SQL will be a strong asset.

ADDITIONAL INFORMATION

Applications must include a transcript, cover letter (one letter‑sized page or less) and a resume (maximum of 2 pages).

We welcome all applications; however, we will only contact qualified candidates chosen for an interview. Thank you for your interest.

TD requires employees to reside in the country where the role is located, irrespective of remote working arrangements.

TD is committed to providing you with the best candidate experience and internship in these unique circumstances. As such, work location and start dates are subject to change.

We’re delighted that you’re considering building a career with TD. Through regular development conversations, training programs and a competitive benefits plan, we’re committed to providing the support our colleagues need to thrive both at work and at home.

COLEAGUE DEVELOPMENT

If you’re interested in a specific career path or are looking to build certain skills, we want to help you succeed. You’ll have regular career, development, and performance conversations with your manager, as well as access to an online learning platform and a variety of mentoring programs to help you unlock future opportunities. Whether you have a passion for helping customers and want to expand your experience, or you want to coach and inspire your colleagues, there are many different career paths within our organization at TD – and we’re committed to helping you identify opportunities that support your goals.

TRAINING AND ONBOARDING

We’ll provide in‑person training and onboarding sessions to ensure that you’ve got everything you need to succeed in your new role.

INTERVIEW PROCESS

We’ll reach out to candidates of interest to schedule an interview. We do our best to communicate outcomes to all applicants by email or phone call.

HOURS

Monday‑Friday, standard business hours

INCLUSIVENESS

At TD, we are committed to fostering an inclusive, accessible environment, where all employees and customers feel valued, respected and supported. We are dedicated to building a workforce that reflects the diversity of our customers and communities in which we live and serve. If you require an accommodation for the recruitment / interview process (including alternate formats of materials, or accessible meeting rooms or other accommodation), please let us know and we will work with you to meet your needs.

WHO WE ARE

TD is one of the world's leading global financial institutions and is the fifth largest bank in North America by branches / stores. Every day, we deliver legendary customer experiences to over 27 million households and businesses in Canada, the United States and around the world. More than 95,000 TD colleagues bring their skills, talent, and creativity to the Bank, those we serve, and the economies we support. We are guided by our vision to Be the Better Bank and our purpose to enrich the lives of our customers, communities and colleagues.

TD is deeply committed to being a leader in customer experience, that is why we believe that all colleagues, no matter where they work, are customer facing. As we build our business and deliver on our strategy, we are innovating to enhance the customer experience and build capabilities to shape the future of banking. Whether you’ve got years of banking experience or are just starting your career in financial services, we can help you realize your potential. Through regular leadership and development conversations to mentorship and training programs, we’re here to support you towards your goals. As an organization, we keep growing – and so will you.

OUR TOTAL REWARDS PACKAGE

Our Total Rewards package reflects the investments we make in our colleagues to help them and their families achieve their financial, physical, and mental well‑being goals. Total Rewards at TD includes a base salary, variable compensation, and several other key plans such as health and well‑being benefits, savings and retirement programs, paid time off, banking benefits and discounts, career development, and reward and recognition programs.

ADDITIONAL INFORMATION

We’re delighted that you’re considering building a career with TD. Through regular development conversations, training programs, and a competitive benefits plan, we’re committed to providing the support our colleagues need to thrive both at work and at home.

Please be advised that this job opportunity is subject to provincial regulation for employment purposes. It is imperative to acknowledge that each province or territory within the jurisdiction of Canada may have its own set of regulations, requirements.

ACCOMMODATION

Your accessibility is important to us. Please let us know if you’d like accommodations (including accessible meeting rooms, captioning for virtual interviews, etc.) to help us remove barriers so that you can participate throughout the interview process.

LANGUAGE REQUIREMENT (QUEBEC ONLY)

Sans Objet

We look forward to hearing from you!