Intern - Strategic Sourcing & Third-Party Management , Winter 2027

EQ Bank | Canada's Challenger Bank; Toronto; Hybrid; CAD 30,000 - 39,000; Part time

Benefits offered by this job

Competitive discretionary bonus

RRSP match program

Benefits: medical, dental, vision, etc

Employee Share Purchase Plan

Career development & training

Job summary

EQ Bank is seeking a Co-op Student for the Strategic Sourcing & Third-Party Management (SS&TM) team, Jan–Apr 2027. You will support procurement, contract management, third‑party risk management, data analytics, and AI‑enabled innovation across multiple functions, collaborating with Legal, Privacy, Finance, Technology, and business stakeholders.

You'll gain hands-on experience in supplier due diligence, onboarding, governance, and creating dashboards with Excel and Power BI, while exploring AI

Qualifications

• Pursuing an undergraduate degree in Business, Commerce, Finance, Economics, or related field.
• Knowledge of procurement, supply chain, vendor management, or business management is an asset.
• Strong analytical and problem‑solving skills; attention to detail and ownership.

Responsibilities

• Support administration of Third‑Party Intake and supplier onboarding activities.
• Maintain contract repository and renewal documentation.
• Prepare recurring reports, dashboards, and management updates.
• Assist with AI-enabled tools to support research, reporting, and workflow analysis.
• Collaborate with Legal, Privacy, Information Security, Finance, Technology, and stakeholders.

Skills

Strategic Sourcing

Contract Management

Third‑Party Risk Mgmt

Data Analytics

AI tools

Education

Undergraduate degree in Business/Commerce

Tools

Excel

Power BI

TPRM platform

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. 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 Strategic Sourcing & Third-Party Management (SS&TM) team is seeking a Co-op Student to support key initiatives across Procurement, Contract Management, Third-Party Risk Management (TPRM), operational reporting, process improvement, and AI-enabled innovation.

This role works closely with Legal, Privacy, Information Security, Operational Risk Management, Finance, Technology, and business stakeholders to support the sourcing, contracting, onboarding, governance, and lifecycle management of third-party relationships.

The successful candidate will gain hands‑on experience in Strategic Sourcing, Contract Management, Third-Party Risk Management, Vendor Governance, Business Process Improvement, Data Analytics, and the practical application of Artificial Intelligence within a regulated financial services environment.

In addition to supporting daily operations, this role will help identify opportunities to improve team efficiency through the responsible adoption of AI, automation, analytics, and digital tools.

The Core Responsibilities of the Job

Procurement & Third‑Party Management Support

• Support the administration and coordination of Third‑Party Intake requests and supplier onboarding activities
• Review intake submissions for completeness and follow up on outstanding information and documentation; Assist with maintaining accurate third‑party records within the TPRM platform
• Maintain intake (onboarding, contract, renewal) and third‑party management pipeline trackers
• Assist with gathering supplier due diligence documentation and maintaining; Coordinate stakeholder follow‑ups and assist with workflow management activities.
• Support operational reporting and data management activities across Procurement and Third‑Party Management functions.

Contract Management & Contract Repository Administration

• Support contract lifecycle management activities, including filing executed agreements, amendments, statements of work, renewals, and termination notices within the contract repository
• Maintain organized contract records and archive documentation in accordance with established record retention requirements
• Retrieve contracts and supporting documentation in response to ad‑hoc stakeholder requests
• Conduct contract repository searches and compile agreement inventories based on specified criteria for Procurement, Legal, Operational Risk, Vendor Management, and business stakeholders
• Facilitate the electronic upload and maintenance of contract records within the Mitratech Third‑Party Risk Management (TPRM) platform
• Update and maintain contract renewal, expiration, notice, and termination dates within the TPRM system to support automated notifications and ongoing monitoring activities
• Review and validate contract metadata, vendor records, and related information for accuracy, completeness, and reporting readiness; Identify and remediate data quality gaps, inconsistencies, and missing information across contract and vendor records
• Support contract reporting, audits, data reconciliation activities, and document management initiatives

Reporting, Analytics & Business Insights

• Prepare recurring reports, dashboards, presentations, and management updates
• Support dashboard development using Excel, Power BI, and other reporting tools
• Conduct supplier, market, and industry research
• Summarize research findings and business insights for the leadership
• Support data validation activities to ensure reporting accuracy and consistency

AI, Automation & Process Innovation

• Identify opportunities to improve Procurement and Third‑Party Management processes through approved AI, automation, and digital solutions
• Use approved AI tools to support research, reporting, documentation, meeting summaries, and workflow analysis; Participate in testing AI‑enabled tools, workflow automations, and productivity solutions
• Review and validate AI‑generated outputs to ensure accuracy, completeness, confidentiality, and appropriate business use
• Support the development of knowledge repositories and self‑service resources for the SS&TM team

Project & Stakeholder Coordination

• Coordinate meeting agendas, action items; prepare meeting materials, status updates, and project documentation
• Collaborate with Operational Risk, Privacy, Information Security, Finance, Human Resources, Technology, and business stakeholders
• Contribute to special projects, transformation initiatives, and operational improvement efforts

Let’s Talk About You!

• Pursuing an undergraduate degree in Business, Commerce, Finance, Economics, Supply Chain Management, or related field
• Knowledge of procurement, supply chain, vendor management, or business management is an asset
• Ability to analyze and simplify processes and identify opportunities for improvement
• Strong Excel and AI tool skills; Power BI experience is an asset
• Strong analytical and problem‑solving skills; Strong attention to detail, organization, and sense of ownership
• Ability to work independently and collaboratively with internal partners
• Strong written and verbal communication skills
• Proactive, curious, and eager to learn, with a strong work ethic and drive to go above and beyond

This role will be based in either the Saskatoon or Toronto office.

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.