City : Toronto

Category : Internship Full-Time

Industry : Internships and student jobs

Employer : National Bank

An internship in the team of National Client Group at National Bank means acting as a credit analyst. This internship allows you to have a positive impact on our organization thanks to your analytical skills, your ability to interpret financial information and your interest in supporting entrepreneurs.

Your role

• Support the day-to-day management of the Ontario National Client Group credit portfolio and assist with the execution of new lending opportunities/mandates as needed.
• Perform high-quality credit analysis and deal structuring activities in accordance with Bank standards while partnering with the Director(s), National Client Group (Execution and Relationship Management), in managing and growing an existing portfolio(s) of complex lending relationships.
• Perform transaction financial modeling (Microsoft Excel, S&P Capital IQ) and Borrower Risk Ratings on a portfolio of existing and prospective clients.
• Assist with the monitoring of the existing portfolio, completing Annual Reviews and reviewing compliance reporting to ensure accuracy.
• Assist Directors by working closely with financial advisors, private equity sponsors and internal banking partners (i.e. derivative hedging, loan syndications and investment banking) to perform required due diligence on prospective new transaction opportunities.
• Work in close collaboration with other Associates and Directors on credit submission requests and ensure that client and collateral files are updated in a timely manner.
• Assist the Director & Team Lead of Credit Execution, as required, in ensuring the credit quality of the National Client Group portfolio.

Your team

As a part of the Ontario National Client Group team, you are part of a dynamic and highly motivated team of about sixteen colleagues, and you report to the Director & Team Lead, Execution, National Client Group.  Our team stands out for its excellence in transaction delivery, execution and collaboration with an integrated go-to-market strategy.  The portfolio consists of a balance of large Canadian private businesses coupled with private equity sponsor-backed deals across diversified industries (both bilateral and syndicated

transactions).  Working hours are largely dictated by portfolio demands with occasional non-standard working hours under a hybrid working model (possibility of working from home up to 3-days a week).

Our training programs take an experiential approach in which you will collaborate with senior members of the National Client Group deal team and gain hands-on experience underwriting complex transactions and managing an active portfolio.  As you develop your professional skillset and gain valuable transaction and portfolio management experience, several growth opportunities exist – both within the National Client Group team and within the broader Bank.

Prerequisites

• Be currently enrolled in or hold a bachelor’s (3rd year) or master’s degree in administration, finance, economics or a related field.
• Demonstrate familiarity with financial statements and basic accounting principles.
• Have prior exposure to credit analysis or financial evaluation (an asset).
• Be comfortable working with various technological tools and internal systems.
• Strong Analytical mindset and ability to synthesize complex information