Intern - Credit Risk

EQ Bank | Canada's Challenger Bank; Toronto; On-site; CAD 25,000 - 34,000; Part time

Benefits offered by this job

Medical benefits

Career development program

Professional development opportunities

Virtual events

Job summary

EQ Bank in Toronto is seeking a Credit Risk Intern to support AI-enabled risk analysis and workflow automation. You will assist in documenting processes, organizing electronic documents, and enabling AI tools under guidance from Risk and Data partners.

This role offers hybrid work with time in EQ Bank’s Toronto office and a pathway to develop skills in MIS, data, and risk management. Ideal candidates are pursuing a Bachelor’s or Master’s degree in a related field and have 3 months to 1 year

Qualifications

• Currently pursuing a Bachelor’s or Master degree in Management Information Systems (MIS/Library & Information Science), Systems Engineering, Computer Science, or related field.
• 3–12 months exposure to SharePoint, PowerShell, Power Automate, Python, and/or SQL.
• Strong problem-solving skills and ability to reason through tech-based solutions.
• Good written and verbal communication, attention to detail and organization.

Responsibilities

• Electronic document organization and solutioning using available tech.
• AI enablement support: assist setup, testing, and documentation of outputs.
• Identify opportunities where AI tools can improve efficiency and accuracy in Credit Risk processes.

Skills

SharePoint

PowerShell

Power Automate

Python

SQL

Education

Bachelor’s or Master in MIS / CS

Job description

Join a ChallengerAt EQ, we're remaking banking so every Canadian gets ahead, every day. Serving nearly 4 million Canadians from coast to coast, we offer a wide variety of financial services from banking and lending, to trust and credit union solutions.What's kept us moving? The people behind it all: challengers who ask better questions, push back on old assumptions, and look for a better way forward. If you're driven to help reshape how banking works for Canadians and the businesses that power our economy, this could be your next big opportunity. We can’t wait to get to know you!

Purpose of the Job

The Credit Risk Intern will report to the Senior Manager of Credit Risk and work closely with Credit Risk Analysts, Associates, and Managers. While this role does not carry decision making authority, the intern is accountable for producing accurate analysis, maintaining data integrity, and adhering to internal risk management and governance standards.

The work supported by this role contributes to understanding transaction-level and portfolio risk and supporting sound credit risk management practices across the Bank.

The Credit Risk Intern will support operational and transformation initiatives within the Credit Risk department, primarily:

• Assist in the automation (through AI) of IFRS 9 controls/checks for audit purposes and
• Assisting other Credit Risk teams (e.g. Retail Lending Quality Assurance) with the enablement of Artificial Intelligence (“AI”) tools in select functions.

The ideal candidate has a strong interest in process improvement and technology with a desire for exposure to a business/finance/risk environment.

The Core Responsibilities of the Job:

Electronic Document Organization and Solutioning

• Electronic document organization (leveraging technology when possible)
• Support solutioning for electronic document organization and automation
• Assist with process improvements and procedures as well as documentation of such.

AI Enablement & Process Support

• Support Credit Risk teams with the setup and adoption of AI tools within select functions, including organizing inputs, testing use cases, and documenting outputs.
• Assist with identifying opportunities where AI tools can improve efficiency, documentation, or analysis within Credit Risk processes.
• Support basic experimentation and learning related to AI-enabled workflows under guidance from Risk and Data partners.
• Assist with process improvements and procedures as well as documentation of such.

Let's Talk About You!

• Currently pursuing a Bachelor’s or Master degree in Management Information Systems (Library and Information Science), Systems Engineering, Computer Science, or a related field.
• 3M to 1 yr of exposure to Microsoft SharePoint and Microsoft PowerShell, Microsoft Power Automate, Python, and/or SQL.
• Strong problem-solving skills and ability to think systematically in developing technological and process solutions.
• Proficiency with Microsoft Outlook and experience utilizing AI for organization and automation
• Strong attention to detail.
• Strong organizational skills with the ability to manage multiple tasks and deadlines.
• Clear written and verbal communication skills.

Job Complexities/Thinking Challenges:

The Credit Risk environment is dynamic and constantly evolving due to changes in market conditions, borrower behaviour, and regulatory expectations. This role requires curiosity, adaptability, and critical thinking to support analyses that inform risk decisions.

As an intern, you will be exposed to real‑world credit risk challenges and must be comfortable learning new concepts, asking questions, and balancing accuracy with tight timelines. Success in this role depends on attention to detail, a willingness to learn, and an ability to connect data insights to business and risk implications.

What we offer [For full-time permanent roles]

Competitive discretionary bonus

Market leading RRSP match program

Medical, dental, vision, life, and disability benefits

Employee Share Purchase Plan

Maternity/Parental top-up while you care for your little one

Generous vacation policy and personal days

Virtual events to connect with your fellow colleagues

Professional development and comprehensive Career Development program

A fulfilling opportunity to join one of the top FinTechs and help create a new kind of banking experience

The incumbent will be working hybrid and in office time will be spent working from EQ Bank’s additional office space located at2200-25 Ontario Street, Toronto, ON.

Equity, Diversity & Inclusion

EQ is committed to building an inclusive, accessible environment where every employee feels valued, respected, and supported. We believe our organization is stronger — and our people thrive — when we honour and celebrate diverse experiences, identities, and perspectives. We’re equally committed to supporting your growth, both professionally and personally.

We provide a barrier‑free recruitment process and work environment. If you require accommodations at any stage, we will work with you to ensure you can bring your best self to the process and beyond.

As part of our recruitment process, EQ uses AI to help screen, assess, and/or select applicants for this position. All AI-enabled outputs are reviewed and validated by our talent team. All candidates considered for hire must successfully complete a criminal background check and credit check. While we appreciate every application, an EQ recruiter will contact only those whose skills and experience most closely match the requirements of the role.

EQB Inc. (TSX: EQB) is the parent company of Equitable Bank, the country's seventh-largest Schedule I bank by assets, which operates EQ Bank, Canada's Challenger Bank™. EQB Inc. serves nearly 4 million Canadians and manages approximately $150 billion in combined assets under management and administration.

To learn more, visit eqb.investorroom.com and eqbank.ca.