Intern - Credit Risk, Winter 2027

Socket.dev; Toronto; Hybrid; CAD 28,000 - 38,000; Part time

Benefits offered by this job

Competitive discretionary bonus

Market leading RRSP match program

Medical, dental, vision, life and disa

Employee Share Purchase Plan

Maternity/Parental top-up

Generous vacation and personal days

Virtual events and career development

Challenging FinTech banking experience

Job summary

EQ Bank Internship in Toronto offers hands-on experience in Credit Risk, focusing on automation and AI enablement. You will support the organization of electronic documents, contribute to AI tool setup in Risk functions, and assist with process improvements and documentation.

The role provides exposure to data-driven risk management in a dynamic banking environment. Ideal candidates are pursuing MIS/CS-related degrees, have 3 months to 1 year exposure to SharePoint/PowerShell/Power

Qualifications

• Pursuing Bachelor’s or Master’s in MIS, CS, or related field.
• 3M to 1 yr exposure to SharePoint, PowerShell, Power Automate, Python, and/or SQL.
• Strong problem-solving and systematic thinking.
• Proficiency with Outlook and AI-enabled workflows.
• Attention to detail and ability to manage multiple tasks.

Responsibilities

• Electronic document organization and solutioning.
• Assist with process improvements and documentation.
• Assist with setup and adoption of AI tools in select functions.
• Identify opportunities where AI can improve efficiency.

Skills

Analytical problem-solving

Strong communication

Organizational skills

Team collaboration

Attention to detail

Education

Bachelor’s or Master in MIS/CS/related

Tools

SharePoint

PowerShell

Power Automate

Python

SQL

Job description

Join a Challenger At 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. We've been at this since 1970, challenging the conventions of traditional banking with smarter, faster, and more connected financial experiences. 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!

Work Term: January - April 2027

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 at 2200-25 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.