January 2027 - Financial Risk Management - Credit & AI (Non-CPA) - 4 month Co-op - Toronto

Line of Service Assurance Industry/Sector Not Applicable Specialism Financial Risk Management Level Associate Job Description & Summary At PwC Canada, we’re more than a professional services firm—we’re a community of solvers tackling the world’s most important problems. As a co-op in our Risk Services practice, you’ll be part of a diverse, inclusive team that values your perspective and empowers you to make a real impact. You’ll build relationships, gain hands-on experience with cutting-edge technologies, and contribute to work that matters—whether it’s helping clients navigate complex challenges or driving trust in their reporting. Throughout your co-op term, you’ll be supported by experienced professionals and exposed to our innovative AI and digital tools to help you build future-ready capabilities in data, technology, and business acumen. You’ll also gain firsthand experience of busy season and see how risk assurance work unfolds in real time. Whether you're working from a PwC office, a client site, or remotely, you’ll be part of a collaborative environment that encourages curiosity and continuous learning. Grow here, go further. The Opportunity: Financial Risk Management The primary mandate of the Financial Risk Management (FRM) group is to help clients identify , measure and manage market risk, credit risk and operational risk arising during their business activities and using derivative and non-derivative financial instruments. The scope of the co-op term includes but not limited to validation /review of clients’ credit risk models, development of AI/ML/GenAI models/use cases. FRM also provides accounting advice relating to complex accounting standards, audit support and advisory services in areas of treasury and risk management, and financial instruments. Their services to clients include the evaluation, development, and implementation of financial risk management frameworks, tools, and solutions . What you’ll create and do: You will gain knowledge in credit risk, AI/Machine Learning/GenAI modeling, and model review and have the opportunity to work with subject matter experts in a dynamic team environment. Significant opportunities for developing project management and other financial risk management skills await candidates with a keen interest in pursuing a career in Financial Risk Management . What you’ll bring to this role: Master’s degree (or currently enrolled) in financial engineering, mathematical finance, statistics, or a similar quantitative discipline Background of mathematics and statistics Experience with credit risk modeling is desirable Experience with AI/ML modeling and background of GenAI is desirable Strong quantitative and analytical skills and proficiency in at least one of the programming languages: Python, R, SAS, SQL, etc. Effective communication skills demonstrated through strong written and verbal skills, including comfort with presentations. Ability to interact well with others in a professional, team-oriented, client service environment CFA or FRM designation is an asset Previous consulting experience is an asset Note: We only allow you to submit one application; however, you can select a second and third office preference. Please note: To learn about our application process, visit our Applying to PwC page on our campus recruitment website This position is eligible for PwC Canada’s Award and Mentorship Programs. The salary range for this position is $62,000 - $72,000. Eligible employees will also have the opportunity to participate in our performance pay programs which are designed to reward individual and firm-wide achievements. We are committed to offering competitive compensation and adhere to all relevant pay transparency legislation. Why you’ll love PwC: Personalized Benefits & Wellbeing: Choose flexible health, dental, vision, life, and disability coverage. Access mental health support ($3,500 annually), virtual care, and up to a $750 lifestyle account for wellness, fitness, and personal growth. Invest in Your Future: Boost your retirement savings with employer matching and take advantage of financial planning resources and banking programs. Growth & Learning: Unlock coaching, mentoring, and clear career paths to help you reach your potential. Time off to focus on what matters most: Enjoy up to 31 paid days off including summer and winter office closures, substitute a public holiday to observe your religious holiday, or take part in international remote work options to extend your time abroad, Inclusive, Purpose-Driven Culture: Join a diverse, supportive team where you can be your authentic self, build lifelong relationships, and help shape tomorrow. PwC Canada acknowledges that we work and live across Turtle Island, on the land that is now known as Canada, which are the lands of the ancestral, treaty and unceded territories of the First Nations, Métis and Inuit Peoples. We recognize the systemic racism, colonialism and oppression that Indigenous Peoples have experienced and still go through, and we commit to allyship and solidarity. Education (if blank, degree and/or field of study not specified) Degrees/Field of Study required: Degrees/Field of Study preferred: Certifications (if blank, certifications not specified) Required Skills Optional Skills Accepting Feedback, Active Listening, Actuarial Science, Communication, Complex Data Analysis, Emotional Regulation, Empathy, Financial Data Mining, Financial Modeling, Financial Risk Analysis, Financial Risk Management, Inclusion, Intellectual Curiosity, Optimism, Presenting Financial Reports, Risk Analysis, Risk Model Implementation, Statistical Analysis Software, Statistical Consulting, Statistical Modeling, Strategic Forecasting, Teamwork, Well Being Desired Languages (If blank, desired languages not specified) Travel Requirements Not Specified Available for Work Visa Sponsorship? No Government Clearance Required? No Job Posting End Date We’re committed to providing accommodation throughout the application, interview, and employment process. If you require accommodation to be at your best, please let us know during the application process. The use of artificial intelligence (AI) in recruiting is just getting started, so we know you have questions about how and why we use it. At certain points during our recruiting process, we rely on AI to improve your experience. This could be during resume review or curating personalized job recommendations, asking you clarifying questions via a chatbot or during our interview scheduling to improve your experience. Our use of AI helps ensure we combat bias by evaluating candidates equally and fairly, without seeing identity information, such as your name, or gender for example). AI also helps us better predict successful hires by reviewing all applicants for a role and the relationship between your skills, experience and likely success at PwC Canada. While AI supports parts of our recruitment process, final hiring decisions always involve human review. 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