Student, Credit Risk Analyst

Sun Life • Waterloo, ON

1d • Hybrid

About The Position

This opportunity is available to students with a graduation date of January 2027 or later. Sun Life is seeking a motivated and analytical co-op student to join the Credit Risk Methodology & Analytics team. This role provides hands-on exposure to portfolio credit risk measurement, financial risk analytics, data management, and model development. The successful candidate will support enterprise-wide credit risk monitoring and reporting, while gaining practical experience working with investments, risk management, and actuarial teams.

Requirements

• Currently enrolled in an undergraduate degree in Actuarial Science, Mathematics, Statistics, Data Science, Economics, Finance, Business, Engineering, or a related field.
• Strong analytical and problem-solving skills with an interest in financial markets and risk management.
• Excellent communication skills with the ability to explain complex concepts clearly.
• Experience using Excel and familiarity with data analysis tools.
• Curiosity, attention to detail, and willingness to learn new concepts.

Nice To Haves

• Programming experience in Python, R, SQL, VBA, or similar tools is an asset but not required.
• Coursework or knowledge related to investments, accounting, risk management, statistics, or actuarial science is considered an asset.
• Exposure to IFRS 9, IFRS 17, Basel, LICAT, or other financial risk frameworks.
• Knowledge of fixed income markets, credit ratings, or portfolio analytics.
• Experience with data visualization tools such as Power BI or Tableau.
• Familiarity with financial risk software or modeling platforms.

Responsibilities

• Support the development and enhancement of Earnings-at-Risk and Capital-at-Risk methodologies for credit-sensitive assets.
• Assist with regular and ad hoc credit risk reporting across asset classes, business groups, and enterprise portfolios.
• Analyze portfolio data and help maintain risk analytics infrastructure and reporting tools.
• Support model validation, stress testing, scenario analysis, and documentation activities.
• Help monitor risk limits, investigate exceptions, and track remediation activities.
• Prepare presentations and summaries for risk management, investment teams, and senior leaders.
• Research emerging topics in credit risk, including climate risk, counterparty risk, and regulatory developments.
• Contribute to process automation and data quality improvement initiatives.

Benefits

• Mentorship from experienced risk professionals
• Exposure to real-world credit risk management practices within a global financial services organization.

What This Job Offers

• Career Level: Entry Level
• Education Level: Associate degree