Summer 2026 Actuarial Internships - Canada - Montreal - National Bank

Description

National Bank, National Bank Capital Markets and National Bank Life Insurance Company 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 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.

National Bank Life Insurance Company is a subsidiary of National Bank which mainly offers credit insurance products to borrowers (personal and commercial) from National Bank for various types of loans and credit cards in Canada.

Your team:

The Treasury Risk Management team within National Bank stands out for its multidisciplinary nature and varied skills, offering a comprehensive approach. It covers 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 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.

The Actuarial team within National Bank Life Insurance Company stands out for the rigor of its corporate work, its in-depth knowledge of the life insurance sector, and its ability to understand and communicate the financial impacts of various scenarios or initiatives. The team measures, models and values financial risks to ensure the company's profitability and sustainability.

The Product team within National Bank Life Insurance Company stands out for its ability to combine analytical mindset, business strategy, and customer‑centric design. The team plays a central role in shaping the next generation of insurance products through innovation, data‑driven insights, and digital transformation while complying with regulatory standards, and achieving business profitability. 

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:

Treasury Risk Management team:

• 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

Actuarial and Product teams (hybrid internship):

• Performing experience studies
• Performing solvency ratio calculations
• Participating in reserve calculations
• Collaborating with the ALM and Investment & Treasury Risk Management teams on new initiatives
• Identifying the product's differentiating elements to maximize its market impact

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 February 10th, 11:59 pm EST.

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.

Your benefits
In addition to competitive compensation, you'll be eligible for a wide range of flexible benefits to help promote your wellbeing and that of your family.

* Health and wellness program, including many options
* Group insurance
* Generous pension plan
* Employee and Family Assistance Program
* Preferential banking services
* Opportunities to get involved in community initiatives
* Telemedicine service
* Virtual sleep clinic 
 
These are a few of the benefits available to you. We have an offer that keeps up with trends as well as your needs and those of your family.

Our dynamic work environments and cutting-edge collaboration tools foster a positive employee experience. We actively listen to employees' ideas. Whether through our surveys or programs, regular feedback and ongoing communication is encouraged.

We're putting people first
We're a bank on a human scale that stands out for its courage, entrepreneurial culture, and passion for people.  Our mission is to have a positive impact on peoples' lives. Our core values of partnership, agility, and empowerment inspire us, and inclusivity is central to our commitments. We offer a barrier-free workplace that is accessible to all employees.

We want our recruitment process to be fully accessible. If you require accommodation, feel free to let us know during your first conversations with us. We welcome all candidates What can you bring to our team?

Join us