Actuarial Intern

National Bank and National Bank of Canada Capital Markets are recruiting for summer actuarial internship positions within several teams for the Insurance and Pension Plan platforms in their offices in Montreal. 

About Us:

National Bank is one of the 6 largest banks in Canada and the leading one in Quebec. But above all, we’re a bank that puts people first. Our priority is our clients’ success. They can count on our financial services and expertise for their everyday projects, business goals, and legacy. 

National Bank of Canada Capital Markets offers a complete suite of products and services to corporations, institutional clients, and public-sector entities. We devote our energies to deliver comprehensive advisory services and research or capital markets solutions to support our clients in achieving their goals and growth.

Your team:

The Risk Oversight teams within National Bank stand out for their multidisciplinary nature and varied skills, offering a comprehensive approach. They cover, among others, National Bank’s Insurance and Pension Plan’s platforms, establishing the overall risk framework, in collaboration with the business line, and monitoring the exposure to these risks.

The ALM and Investment team within National Bank of Canada Capital Markets stands out for its cross-functional ALM role for National Bank (including for some of its platforms such as the insurance division), the quality of its deliveries and its development of specialized expertise while working in a collaborative and enriching work environment. The team makes sure that interest rates and affiliated risk from all ALM functions (including insurance) are well identified, assessed and managed.

In all teams, your development will be at the heart, and your contribution will be valued. 

Internship availabilities:

Actuarial internships

Our Program: 

Our internship program offers dynamic hands-on exposure working alongside seasoned professionals and assisting members of the team in executing their responsibilities. Yours will include:

Risk Oversight teams, Insurance and Pension: 

•  Analyzing and monitoring investment policies and risk frameworks
•  Providing risk analyses to challenge investment decisions
•  Analyzing the positions and investment strategies of mandates, making sure they correspond to risk appetites
•  Conducting literature review on current actuarial topics and best practices

ALM and Investment team:

• Supporting the team in modelling products, building risk indicators and assessing their impacts
• Performing profitability analyses based on pricing assumptions, product characteristics and ALM strategies
• Developing tools to optimize position tracking and contributing to the development of ALM strategies

Candidate Profile:

Applicants to this role should be currently enrolled in a bachelor’s or master’s degree program in mathematics or actuarial science and must be able to work in Canada.

Live your ambitions! In these roles, the expected qualifications are:

• Undergraduate or master’s program student and legally eligible to work in Canada.
• Strong interpersonal skills, detail oriented, organized, proactive and high level of intellectual curiosity.
• Excellent verbal & written communication skills with the specific ability to communicate concepts and ideas concisely.
• Strong analytical skills, solid knowledge of actuarial concepts and good understanding of IFRS17.
• Aptitude to synthesize large amounts of information and develop innovative solutions.
• Proficiency with programming languages (e.g., Python) and advanced Excel skills.
• Capacity to manage projects independently.
• Team player with the ability to work under pressure with tight deadlines.
• Outstanding ethics, integrity and judgement.
• Ability to comfortably interact with stakeholders in a professional and mature manner.
• Strong academic track record and pertinent extracurricular activities
• French required, English is an asset.

HOW TO APPLY:

• All applications must be received no later than on November 29th, 11:59 pm EST.
• To be considered, you must create an online profile and upload your cover letter, résumé, and a copy of your most recent transcript. 

We thank all the candidates who apply; however, due to the volume of applications that we receive, only successful candidates will be contacted for a 1st round interview.