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Title:  Regulatory and Business Initiatives Analyst, Winter 2023 Co-op Student




Requisition ID: 162728

Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.


Regulatory and Business Initiatives (Internship/Co-op)


Winter 2023 (January - April)


Location: Toronto 


Why work for Scotiabank?

Scotiabank is among the largest banks in the world and the most international bank in Canada. We are powered by our 97,000 high-performing teammates who make a real difference across the globe as a leading provider of advice, products, digital experiences, and financial services. Together with our Digital Factories around the world, we are dedicated to helping our 25 million customers become better-off.

This is a place where you’ll get to learn and develop your skills, while being recognized for your hard work. At Scotiabank, we’re passionate about bringing our whole selves to work, allowing us to create inclusive work environments for everyone to enjoy. Say hello to a career at Scotiabank!


Who We Are:

Global Banking & Markets provides a full range of investment banking, credit and risk management products and services relevant to the financing and strategic development needs of our clients. Our products include debt and equity financing, mergers & acquisitions, corporate banking, institutional equity sales, trading and research, fixed income products, derivatives, energy, foreign exchange and precious & metals.  We also cross-sell the full range of wholesale products and services offered by the Scotiabank Group.

During your internship you will support the Regulatory and Business Initiatives Group (RIG) project team in managing the program office and ensuring that initiatives are completed as requested by the senior management of Global Capital Markets and pursuant to the deadlines for compliance set by prudential and market regulators.  Currently, the team is responsible for overseeing all aspects of compliance with the Dodd Frank Act legislation under Title VII, the Volcker rule, European Market Infrastructure Regulation (EMIR), Markets in Financial Instruments Directive II (MIFID II) and Scotiabank’s participation in the Canadian Financial Markets Infrastructure Committee tasked with ensuring Canada meets its G20 commitments with respect to OTC derivatives. 

Your Work Term At-A-Glance: 

This internship will expose you to all aspects of the derivative, foreign exchange, precious metals, fixed income, and equity businesses of Global Capital Markets, and to all key stakeholders in the front, middle and back office as well as internal control points such as Compliance, Legal, Audit and Global Risk Management. Throughout your term you’ll also have access to skill-building modules, as well as challenging work-integrated learnings - all of which come together to create a stimulating environment where you will have the chance to thrive. We want you to be a sponge and take it all in, bring your great attitude, always be authentic, and own every opportunity that comes your way. This is your time to shine.

  • Provide support to assigned Project Manager or Program Manager as part of a team of regulatory change management professionals
  • Assist in the preparation of project artifacts and templates that ensure business input is provided to bridge the gap between rules requirements and current business practice
  • Assist in the preparation of presentation materials, and progress reports to stakeholders, including senior management
  • Attend program meetings, and serve as meetings secretary when required
  • Maintain databases and internal tools used for tracking project progress, regulatory developments and documentation
  • Conduct research, and one-off projects from time to time when required

This role is for you if you are/have:

  • Currently pursuing a Bachelors/Advanced Degree in business, finance, engineering, and/or law
  • Interest in and knowledge of the capital markets business
  • Experience working on a major project and/or initiative team
  • Comfortable in dealing with ambiguity and matrix based environment
  • Excellent written and oral communication skills.
  • Advanced skill in MS Suite particularly Excel and Access
  • Considerable initiative, creativity and good judgment are necessary.
  • A high level of energy, commitment and a strong sense of teamwork are needed to succeed in the role.


Application Process  

  • All interested applicants must be enrolled in a post-secondary educational institution, and will be returning to School after their internship or a part of a Co-op Program. As part of Scotiabank’s co-op/internship program requirements, we will confirm with your school that you are enrolled.  

How to apply:

For students, we are focused on learning about who you are and what you’re interested in to uncover your true potential.  In short, we don’t believe resumes will provide us with an accurate depiction of what you’re truly about to properly assess your potential.  Instead we want to get to know YOU and hear about the experiences that have shaped you. We know… this might sound crazy but for students applying to one of our co-ops, internships or TILT new grad programs we are no longer requiring resumes. Instead we ask that as part of your application, you complete the below:

1.               Complete your PLUM Profile:

2.               Apply to the role through our career site. When the application asks for your resume, instead upload a screenshot of your plum to show us you’ve completed it, we have full access to your entire profile from Plum and won’t use the screenshot but it’s a great reminder for each of you to have completed it. Alternatively you can submit a resume if you want, we just will not be relying on it when we assess you.


Candidates are invited to submit their Plum profile in a single PDF to the resume section ONLY.


Location(s):  Canada : Ontario : Toronto 

Scotiabank is a leading bank in the Americas. Guided by our purpose: "for every future", we help our customers, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.  

At Scotiabank, we value the unique skills and experiences each individual brings to the Bank, and are committed to creating and maintaining an inclusive and accessible environment for everyone. If you require accommodation (including, but not limited to, an accessible interview site, alternate format documents, ASL Interpreter, or Assistive Technology) during the recruitment and selection process, please let our Recruitment team know. If you require technical assistance, please click here. Candidates must apply directly online to be considered for this role. We thank all applicants for their interest in a career at Scotiabank; however, only those candidates who are selected for an interview will be contacted.

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