Summer 2027 Actuarial Internship

National Bank and National Bank of Canada Capital Markets 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 of Canada 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. Your team: The Risk Oversight teams within National Bank stand out for their multidisciplinary nature and varied skills, offering a comprehensive approach.

They cover, among others, 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 of Canada 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. 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: Risk Oversight teams, Insurance and Pension: 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