Intern Analyst Model Validation - Winter term

The TMX group of companies includes leading global exchanges such as the Toronto Stock Exchange, Montreal Exchange, and numerous innovative organizations enhancing capital markets.  United as a global team, we’re connecting cross-functionally, traversing industries and geographies, moving opportunity into action, advancing global economic growth, and propelling progress. Through a rich exchange of ideas, meaningful collaboration, and a nimble operating model, we're powering some of the nation's most critical systems, fueling capital formation and innovation, bringing increased opportunity to business visionaries, product ingenuity to consumers, and career exploration to our team.

Role Summary

The Intern Analyst, Model Validation will gain practical, hands-on experience by supporting the Model Validation team across various quantitative and analytical initiatives. Working under the guidance and mentorship of senior team members, you will be involved in tasks including assisting with research and regulatory analysis, data cleansing, database maintenance and optimization, and automating manual workflows. Depending on project needs, this may also include supporting the review or documentation of risk models and analytical tools, while gaining exposure to the fundamentals of model governance and validation standards.

Role Reports to: Head of Model Validation

Work Location: Hybrid (2-3 days/week in the office) - based in Montreal, QC.

Key Responsibilities & Student Learning Objectives

• Data Management & Optimization: Support the team with database maintenance, data cleansing, sorting, and structuring to help maintain reliable data pipelines for analytics.
• Process Automation & Tooling: Assist in identifying routine manual tasks and developing scripts (e.g., Python, SQL, or Matlab) to help automate workflows and improve operational efficiency.
• Research & Analytical Support: Assist senior analysts with background research, regulatory review, and exploratory data analysis across team projects.
• Model Validation Exposure: As project opportunities arise, support the team with ad-hoc model documentation reviews, preliminary benchmarking checks, or report summaries under direct senior mentorship.
• Learning & Development Project: Complete a guided term project aligned with team initiatives (such as a workflow automation, data optimization, or exploratory benchmark task), with the opportunity to present findings to the team.
  

Skills & Experience

Must Have(s):

• Education & Academic Status: Currently enrolled in an Undergraduate or Graduate degree program in Finance, Statistics, Mathematics, Economics, Financial Engineering, or a related quantitative field.
• Analytical Rigor: Ability to identify issues, analyze problems, and provide in-depth written reports and recommendations.
• High-Performance Execution: Proven ability to manage multiple projects and priorities concurrently in a fast-paced environment.
• Professionalism: Demonstrates a high degree of integrity and ethical conduct.
  

Nice to Have(s):

• Knowledge of Python, SQL, Matlab, VBA, Power BI, or Tableau.
• Knowledge of regulatory requirements such as PFMI, OSFI, or EMIR Guidelines.
• Experience in the technology and financial services industry.

• 4 months internship : January 4 to April 30, 2027

Please note that our company is not currently sponsoring work permit applications and the applicant must be authorized to work in the country where this position is located. 

TMX is committed to creating and sustaining a collegial work environment in which all individuals are treated with dignity and respect and one which reflects the diversity of the community in which we operate. We provide accommodations for applicants and employees who require it.