Operational Risk Intern - Summer 2026

Join a Challenger

Being a traditional bank just isn’t our thing, so we challenge ourselves to get creative in providing innovative banking solutions for Canadians.

How do we get there? With a talented team of inquisitive and agile challengers that break through the status quo. So, if you’re passionate about redefining the future of banking—while having fun—this could be your next big opportunity.

Our company continues to grow, and today we serve more than 780,000 customers across Canada through Equitable Bank, Canada's Challenger Bank™, and have been around for more than 50 years. Equitable Bank's wholly-owned subsidiary, Concentra Bank, supports credit unions across Canada that serve more than six million members. Together we have over $138 billion in combined assets under management and administration, with a clear mandate to drive change in Canadian banking to enrich people's lives. Our customers have named our EQ Bank digital platform (eqbank.ca) one of the top banks in Canada on the Forbes World's Best Banks list since 2021.

Work Term: May 2026 - Aug 2026

The Work:
This position supports the ORM team in providing effective oversight of operational risk standards, tools, processes, and systems, and generating operational risk management reports for the organization.

The Core Responsibilities of the Job::
• Risk Governance & Oversight
• Research and provide analysis of operational risk industry standards and best practices
• Maintain an inventory of ORM documentation, guidelines, manuals and tools
• Operational Risk Management
• Support the ORM team and business units in complying with internal standards by ensuring timely follow-ups and documentation
• Assist the ORM team on projects, risk activities, assessments and other development activities
• Highlight any deficient processes and/or action plans
• Support regularly scheduled and ad-hoc Risk reporting and analytics to support Senior Management reporting.
• Ensure accuracy, consistency and completeness of data on the Bank’s Risk Management and Compliance (GRC) tool (Resolver)
• Information Technology & Security Risk
• Support ORM team in facilitating timely action on technology issues requiring remediation and reporting to senior management

Let's Talk About You!:
• ​​Completion of or enrollment in a post-secondary education program.
• ​Strong analytical and quantitative skills and problem-solving abilities.
• ​Strong attention to detail.
• ​Proficient written and verbal communication skills.
• ​Good organizational, project and time management to efficiently deliver concurrent projects with competing priorities.
• ​Basic knowledge and awareness of the financial industry and risk management practices.

How To Submit Your Application Correctly!:
• You MUST be currently enrolled in school or going back to school. If you have graduated, you will not be eligible to apply.
• You MUST submit your unofficial school transcript and your resume in one document at time of submission. Failure to submit all items will result in your application not being considered.

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 Equitable Bank’s additional office space located at 2200-25 Ontario Street, Toronto, ON.

Equitable Bank is deeply committed to inclusion. Our organization is stronger and our employees thrive when we honour and celebrate everyone’s diverse experiences and perspectives. In tandem with that commitment, we support and encourage our staff to grow not just in their career path, but personally as well.

We commit to providing a barrier-free recruitment process and work environment for all applicants. Please let us know of any accommodations needed so that you can bring your best self to the application process and beyond. All candidates considered for hire must successfully pass a criminal background check and credit check to qualify for hire. While we appreciate your interest in applying, an Equitable recruiter will only contact leading candidates whose skills and qualifications closely match the requirements of the position.

We can’t wait to get to know you!