Internship Merchant Risk Analyst Jobs in Waterloo, ON

At Sun Life,we'redriven by our Purpose: helping our Clientsachieve lifetime financial security and live healthier lives. Our values shape how we work: caring, authentic, bold, inspiring, and impactful.

Our student and new graduate programs offer a chance to explore Sun Life from the inside. You'll make a difference in the lives of our customers and communities, while building the skills and experience that allow you to grow in a meaningful and rewarding way.

Job Description:

*** This opportunity is available to students with an April 2027 or later graduation date. ***

Ready to explore the exciting world of actuaries? This is your chance.

The Actuarial Student Analyst Program offers an exciting opportunity for students to dive into the actuarial profession at Sun Life. As a member of our Actuarial Community, you will receive robust support and opportunities while working towards your FSA/FCIA designation. We're dedicated to nurturing your talent and growth through a blend of challenging work and fostering a collaborative environment where you can build lasting relationships.

Join us to kickstart your actuarial career in a supportive, growth-oriented atmosphere that values your potential and contributions.

ABOUT THE PROGRAM

• Create innovative solutions and make an impact in the workplace

• Collaborate with other high performers in a supportive team environment

• Accelerate your leadership development through ownership of work

As part of the Actuarial Student Analyst Program, you will have access to a multitude of resources and activities to support your development and shape your career with us. To make the most of your co-op/internship you will:

• Join a diverse community of actuarial professionals

• Be paired with a mentor throughout your co-op/student internship

• Attend lunch-and-learns that cover a variety of industry and company-specific topics

• Gain valuable case analysis and presentation skills at the end of your co-op/student internship

• Build meaningful connections through engaging social and networking events

Available Roles

During your co-op/student internship, you will be placed in one of Sun Life's diverse departments. You will be carefully matched with a role that provides a new learning opportunity while taking into consideration your interests and role availability. Roles will provide you insights on Sun Life's business while providing opportunities to work on exciting initiatives.

Functional roles include:

• Product Design and Management

• Financial Reporting and Valuation

• Asset Liability Management

• Capital Management

• Risk Management

Exam Support

• Eligible for study time, exam fee coverage and study materials

• Bonuses related to exam passes

ARE YOU A GOOD FIT?

We are looking for the following qualifications:

• We consider students from all backgrounds, but give preference to those pursuing a university degree in Actuarial Science, Finance, Statistics, or Mathematics

• Strong technical, analytical, and problem-solving skills

• Progressing towards FSA/FCIA designation

• Effective communication skills and results-driven

• Demonstrated ability to adapt in a dynamic environment

• Ability to maintain good relationships with other teams

• Experience with AXIS and/or VBA an asset

Join our LinkedIn community to learn more about our actuarial program, events, and opportunities!

As this position is posted in several locations, we specify that bilingualism (French, English, both oral and written) is requiredfor Quebec onlyfor the frequent interactions withEnglish and French-speaking colleagues or internal partners across Canada or worldwide

WHAT'S IN IT FOR YOU?

• As a student, you'll make a real impact by contributing to meaningful work, gaining valuable experience and actively working towards your team's goals.

• You'll join our unique student culture, designed to help you grow both personally and professionally beyond your role. We offer professional development workshops, student awards, socials and many more exciting opportunities.

• Your student journey is just the beginning and we're proud to help many who choose Sun Life to transition into permanent roles after graduation.

WHY SUN LIFE?

• Sun Life touches the lives of 1 in 3 Canadians

• Sun Life is a leading global financial services organization that provides insurance, wealth, and asset management solutions to Clients worldwide

• Our Clients are at the centre of everything we do and our Purpose is to help our Clients achieve lifetime financial security and live healthier lives

• We are honored to be recognized as Canada's Best Employers for Recent Graduates and Canada's Best Workplaces by Great Place to Work in 2026.

• We're also listed as one of the Best Workplaces for Women and Best Workplaces with Most Trusted Executive Teams.

The Base Pay range is for the primary location for which the job is posted for. The Base Pay which you will be considered for will vary depending on the Campus program you are selected for.

Eligible Sun Life employees for various Campus Graduate programs will also participate in various incentive plans, payment under which is discretionary and subject to individual and company performance

Diversity and inclusion have always been at the core of our values at Sun Life. A diverse workforce with wide perspectives and creative ideas benefits our Clients, the communities where we operate and all of us as colleagues. We welcome applications from qualified individuals from all backgrounds.

Persons with disabilities who need accommodation in the application process, or those needing job postings in an alternative format, may e-mail a request to thebrightside@sunlife.com.

We are proud to be a hybrid organization that offers our employees the choice and flexibility to work from both the office and virtually based on the needs of the business, our Clients and you.

We may use artificial intelligence to support candidate sourcing, screening, interview scheduling.

We thank all applicants for showing an interest in this position. Only those selected for an interview will be contacted.

Job Category:

Actuarial, Temporary Employee

Posting End Date:

21/09/2026