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Title:  Velocity - Mergers & Acquisitions Internship/Co-op - Winter 2024




Requisition ID: 185021

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


Term: January – April 2024

Application Deadline: 10/02/23 


There's no better way to kickstart your career than to do a co-op or internship with Scotiabank! During your work term, you’ll have the opportunity to be part of a winning team, build your network, and discover what you love – all while getting paid to do it! There’s a place for every type of student at Scotiabank and all that we ask for is that you have passion and strong AOO (Attitude, Ownership and Opportunity). 


The Velocity Program is not your average internship or co-op! This is a customized experience that focuses on providing you with the development and tools you need to grow your career. After successfully completing a co-op or internship with top performance, we will work with you to establish your future placements. As a result, you will get to learn, grow, and experiment within different areas of both Scotiabank and Tangerine! 


Is this role right for you? In this role, you will: 

  • Acquisitions and Divestitutres

      • Analyze financial metrics for targets and comparable companies

      • Conduct in-depth research on the targets/industry related to valuation, shareholder analysis, profitability trends, etc.

      • Assist in preparing presentations for Executive discussion/approval

      • Participate in due diligence of potential acquisition targets, which includes analyzing the impact of such transactions on the Bank’s operations, earnings, ROE, and capital

      • Participate in the sale processes, including populating and managing the dataroom

    • Corporate Restructuring

      • Provide support on corporate restructuring initiatives

      • Assist with executing plans to optimize the Bank’s capital allocation strategy, improve the Bank and its subsidiaries’ operating financial, and tax efficiency

    • Complete other projects, as assigned. The group typically takes ad hoc projects concerning a broad range of the Bank’s products and operations



Do you have the skills and requirements that will enable you to succeed in this role? – We’d love to work with you if: 

  • You are currently enrolled in post-secondary education. 

  • You love to learn and envision yourself working for an international organization that heavily invests in your future. 

  • You enjoy being involved in extracurricular activities such as conferences, clubs, and competitions.

  • You are curious, analytical, and able to manage multiple projects at once with tight deadlines

  • You are familiar with basic finance concepts and financial statements

  • You are familiar with financial modelling, Bloomberg, and other research platforms

  • You are proficient in Excel, Word, and PowerPoint



What’s in it for you? 

  • You’ll be part of a diverse, collaborative, innovative, and high-performing team. 

  • In-depth training to prepare you for the role, as well as ongoing coaching and feedback to help you succeed! 

  • Exclusive student events such as Scotia Student Day, Lunch & Learns, leadership panels, and much more! 

  • Bank-wide orientation to learn more about Scotiabank and gain exposure to senior leadership across the organization. 


How do I apply? 

For students applying to our internship/co-op or new graduate programs, we do not require resumes! We believe in evaluating you through relationships over resumes and are focused on learning about who you are and what you’re interested in to uncover your true potential. Instead,we ask that as part of your application you complete the below: 


  1. Complete your PLUM Profile here and save as a screenshot. 

  1. Complete a short one-way video interview here. 

  1. Apply to the role and when the application asks for your resume, instead upload the screenshot of your PLUM Profile. 


*To be considered for student opportunities at Scotiabank, Tangerine, and MD Financial you must complete all steps above. 


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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