Intern, Capital Markets (8 month term)

Wealthsimple; Toronto; Hybrid; CAD 43,000 - 52,000; Full time

Benefits offered by this job

Health benefits and life insurance

Employer match for savings

20 vacation days

Wellness days

Unlimited sick and mental health days

Hybrid team

Diversity & inclusion groups

Job summary

Wealthsimple in Canada seeks a hands-on Securities Lending Desk intern for a fast-paced front-office environment. You will own day-to-day desk operations, drive automation projects with Google Apps Script and SQL, and directly impact desk profitability.

You will collaborate with Front Office, Treasury, Middle Office, and Engineering, while learning the fintech and securities finance market in a transformative team.

Qualifications

• Currently pursuing a degree in Business, Finance, STEM or related field (3rd/4th year)
• Available to work full-time market hours: 7am-5pm EST
• Residing in Canada
• Able to commute to Toronto HQ on Tue/Wed or Thu

Responsibilities

• Drive high-volume daily execution: manage return processes across inventory balance
• Monitor recall notifications and contract instructions to prevent discrepancies
• Serve as central connector between front-office trading, Treasury, Middle Office, and Engineering
• Provide general trade desk support as required
• Build automation tools using Google Apps Script, SQL queries, or P&L tracking
• Troubleshoot breakdowns and identify blockers to resolve issues
• Learn about fintech and securities lending markets

Skills

Sense of Urgency

Automation mindset

Capital Markets curiosity

Coachability & ambition

Target profile: 3rd/4th year or grad

Education

Currently pursuing degree in Business/Finance/STEM

Tools

Google Apps Script

SQL

Job description

Build something people love

Wealthsimple is Canada’s leading financial innovator. The company offers a full suite of simple, sophisticated financial products across managed investing, do-it-yourself trading, cryptocurrency, tax filing, spending and saving. Wealthsimple currently serves more than 4 million Canadians and holds over $155 billion in assets under administration. The company was founded in 2014 by a team of financial experts and technology entrepreneurs, and is headquartered in Toronto, Canada.

Build something people love

Wealthsimple is Canada’s leading financial innovator. The company offers a full suite of simple, sophisticated financial products across managed investing, do-it-yourself trading, cryptocurrency, tax filing, spending and saving. Wealthsimple currently serves more than 4 million Canadians and holds over $155 billion in assets under administration. The company was founded in 2014 by a team of financial experts and technology entrepreneurs, and is headquartered in Toronto, Canada. We're proud of what we've built — and we're just getting started. Read our Culture Manual and learn more about how we work.

Eligibility

• Currently in Year 3 or 4 of a Canadian post-secondary program or technical bootcamp (or graduated within the last 6 months)
• Available to work full-time market hours: 7am - 5pm EST
• Residing in Canada
• Able to commute to our Toronto HQ on Tuesday AND Wednesdays OR Thursdays

Reporting to a Trader on Securities Lending, you will sit on a fast-paced front-office desk managing inventory across our lending book. This isn't a shadow position, you’ll take direct ownership of day-to-day desk operations and build high-visibility solutions that shape how we scale.

Wealthsimple’s Securities Lending desk processes a high volume of trades and returns per day. You will play a mission-critical role in managing this volume while driving automation projects (using SQL, Google Apps Script, and Sheets) that optimize revenue flows, eliminate manual friction, and directly impact desk profitability. This is an 8-month term that will run from January 11, 2027- Aug 27, 2027.

Application Deadline: Monday Sept 21st @ 11:59PM EST

What You'll Do

• Drive high-volume daily execution: Own the entire return process ensuring proper booking, settlement, and daily inventory balance across counterparties.
• Manage trade desk risk & continuity: Monitor recall notifications, corporate action instructions, and contract compare breaks, acting as a crucial line of defense to prevent financial discrepancies.
• Cross-functional visibility & stakeholder exposure: Act as a central connector between front-office trading, Treasury, Middle Office, and Engineering teams, while participating in client/counterparty engagements.
• Assist in providing general trade desk support as required.
• Build automation & workflow tools (40% project focus): Identify desk bottlenecks and build custom Google Apps Scripts, SQL queries, or P&L tracking tools to automate routine tasks (e.g., morning trading reports, data reconciliations).
• Troubleshoot breakdowns in daily functions, identify blockers and implement solutions to resolve issues.
• Learn about the fintech industry and gain insight in the securities finance market.

Skills You Bring

• Sense of Urgency & Prioritization: Ability to thrive in a high-velocity, live trading environment where market conditions change without notice. You know how to triage urgent tasks versus long-term project work.
• Process Automation Mindset: Strong proficiency in Google Sheets/Excel (building macros, complex formulas, Google Apps Scripting) and SQL. You don't just execute a repetitive process, you write scripts to automate it.
• Capital Markets Curiosity: Basic understanding of financial markets, margin, and securities lending mechanics, paired with an eagerness to learn Bloomberg terminal tools.
• Coachability & Ambition: Scrappy, resilient, and comfortable with ambiguity. You take feedback in stride, ask smart questions when stuck, and proactively chase excellence in your work.
• Target Profile: Currently pursuing a degree in Business, Finance, STEM or a related field (targeting 3rd/4th year students or recent graduates with prior internship/work experience).

Base salary range: For this role, candidates located in Canada can expect a base salary range, described in the posting. Actual compensation is determined based on skills, experience, and role level. Exceptional candidates may be considered above the top of the range, and pay can increase quickly for those who make a big impact in the role.

• Term 1 students: CAD $43,000 - $44,800
• Term 2 students: CAD $44,000 - $46,500
• Term 3 students: CAD $47,000 - $49,700
• Term 4 students: CAD $48,000 - $50,000
• Term 5 students: CAD $49,000 - $52,000

Your current year of study and number of past internship terms will determine your salary band. Actual compensation within each band is based on skills, experience, and academic performance. Exceptional candidates may be considered above the top of their year's range.

We use clear year-based levels and market-based salary bands to ensure compensation is fair and consistent across all internship programs.

Why Wealthsimple?

• Top-tier health benefits and life insurance
• Long-term group savings with employer match, through Wealthsimple for Business
• 20 vacation days, 4 wellness days, and unlimited sick and mental health days per year
• 90 days away: work outside Canada for up to 90 days per year
• Employee resource groups, including Rainbow (2SLGBTQ), Women of WS, and Black at WS
• We are a hybrid team with over 1,500 employees across North America. The people are one of the best parts of working here: you'll collaborate with incredibly talented, curious, and driven teammates who are deeply committed to doing great work.

Technology & Innovation at Wealthsimple:

We move quickly and build thoughtfully. That means we're always looking for better ways to work — whether that's new tools, AI, or rethinking how we approach a problem. We don't expect you to have all the answers, but we do expect curiosity and a willingness to evolve alongside the products we're building.

Inclusion Statement:

We're building products for a diverse world, and we need a diverse team to do it well. We strongly encourage applications from everyone, regardless of race, religion, colour, national origin, gender, sexual orientation, age, marital status, or disability status.

Accessibility Statement:

We're committed to an accessible hiring experience. If you need any accommodations throughout the interview process, please let us know — we'll work with you to make sure you have what you need. We also welcome any feedback on how we can better accommodate candidates with accessibility needs.

AI in Hiring:

We may use artificial intelligence (AI) tools to support parts of our hiring process, such as reviewing applications, analyzing resumes, or assessing responses. These tools assist our team but don't replace human judgment – all final hiring decisions are made by people. If you have questions about how your data is used, reach out to us.

Compensation Range: CA$43K - CA$52K