January 2027 - Financial Risk Management - Valuation (Non-CPA) - 4 month Co-op - Toronto

Location: Toronto

Line of Service Assurance

Industry/Sector Not Applicable

Specialism Financial Risk

Management Level Associate

Job Description & Summary At PwC Canada, we’re more than a professional services firm—we’re a community of solvers tackling the world’s most important problems. As a co-op in our Risk Services practice, you’ll be part of a diverse, inclusive team that values your perspective and empowers you to make a real impact. You’ll build relationships, gain hands-on experience with cutting-edge technologies, and contribute to work that matters—whether it’s helping clients navigate complex challenges or driving trust in their reporting.

Throughout your co-op term, you’ll be supported by experienced professionals and exposed to our innovative AI and digital tools to help you build future-ready capabilities in data, technology, and business acumen. You’ll also gain firsthand experience of busy season and see how risk assurance work unfolds in real time. Whether you're working from a PwC office, a client site, or remotely, you’ll be part of a collaborative environment that encourages curiosity and continuous learning. Grow here, go further.

The Opportunity: Financial Risk Management

he primary mandate of the Financial Risk Management (FRM) group is to help clients identify, measure and manage market risk, credit risk and operational risk arising during their business activities and using derivative and non-derivative financial instruments.

A career in our Financial Risk Management (Valuation/Market Risk) group will provide you with the opportunity to contribute to a variety of risk management, regulatory, valuation/pricing, and financial analyses services to design solutions that address our clients’ regulatory, risk management and financial reporting challenges, as well as their broader business issues.

What you’ll create and do:

You’ll work with a team of seasoned quants on projects with quantitative focus, helping clients with capital market financial instrument valuation, model validation, derivative pricing, etc. Responsibilities include but are not limited to:

Independent valuation of financial derivatives and financial instruments

Model validation and risk management advisory

Assisting clients with hedging strategies and appropriate use of derivative instruments

What you’ll bring to this role:

Experience or an academic background in derivative or financial instrument valuation is preferred. Candidates with a strong interest in developing expertise in how derivatives and financial instruments are structured and valued are also encouraged to apply.

Master’s degree (or currently enrollment) in financial engineering, statistics, math or a similar quantitative discipline.

Experience with creating financial models utilizing strong programming skills in Python, Matlab, Visual Basic, or similar languages; C++ experience is a plus but not required.

Banking/treasury risk management experience or derivative valuation advisory experience is an asset.

Experience with modeling interest rate, FX, equity or counterparty credit risk is an asset.

Experience with Value at Risk (VAR) is an asset.

Experience with credit risk modeling is an asset.

Ability to communicate technical concepts clearly and effectively through written materials, presentations, and verbal discussions.

Ability to interact well with others in a professional, team-oriented, client service environment.

Note: We only allow you to submit one application; however, you can select a second and third office preference.

Please note:

To learn about our application process, visit our  Applying to PwC page on our campus recruitment website.

This position is eligible for PwC Canada’s Award and Mentorship Programs.

The salary range for this position is $62,000 - $72,000. Eligible employees will also have the opportunity to participate in our performance pay programs which are designed to reward individual and firm-wide achievements. We are committed to offering competitive compensation and adhere to all relevant pay transparency legislation.

Why you’ll love PwC:

Personalized Benefits & Wellbeing: Choose flexible health, dental, vision, life, and disability coverage. Access mental health support ($3,500 annually), virtual care, and up to a $750 lifestyle account for wellness, fitness, and personal growth.

Invest in Your Future: Boost your retirement savings with employer matching and take advantage of financial planning resources and banking programs.

Growth & Learning: Unlock coaching, mentoring, and clear career paths to help you reach your potential.

Time off to focus on what matters most: Enjoy up to 31 paid days off including summer and winter office closures, substitute a public holiday to observe your religious holiday, or take part in international remote work options to extend your time abroad,

Inclusive, Purpose-Driven Culture: Join a diverse, supportive team where you can be your authentic self, build lifelong relationships, and help shape tomorrow.

PwC Canada acknowledges that we work and live across Turtle Island, on the land that is now known as Canada, which are the lands of the ancestral, treaty and unceded territories of the First Nations, Métis and Inuit Peoples. We recognize the systemic racism, colonialism and oppression that Indigenous Peoples have experienced and still go through, and we commit to allyship and solidarity.

Education (if blank, degree and/or field of study not specified) Degrees/Field of Study required:

Degrees/Field of Study preferred:

Certifications (if blank, certifications not specified)

Required Skills

Optional Skills Accepting Feedback, Active Listening, Actuarial Science, Communication, Complex Data Analysis, Emotional Regulation, Empathy, Financial Data Mining, Financial Modeling, Financial Risk Analysis, Financial Risk Management, Inclusion, Intellectual Curiosity, Optimism, Presenting Financial Reports, Risk Analysis, Risk Model Implementation, S