Data Scientist Intern

Data Scientist Intern 

At Interac, we design and deliver products and solutions that give Canadians control over their money so they can get more out of life. But that’s not all. Whether we’re leading real-time money movement, driving innovative commerce solutions like open payments for transit systems, or making advancements in new areas like verification and open banking, we are playing a key role in shaping the future of the digital economy in Canada.  
  

Want to make a lasting impact amongst a community of creative thinkers, problem solvers, technical gurus and high-performance application developers? We want to hear from you.  

Join our dynamic and innovative Fraud Analytics team, where we are committed to safeguarding millions of Canadians from fraudulent activities across various Interac products and business. We leverage advanced data analytics and cutting-edge technology to stay ahead of fraud trends. We are looking for a talented Data Scientist Intern to drive our fraud detection efforts through actionable insights, robust data solutions, and collaborative research. 

The Data Science Intern will be responsible for providing actionable insights into rule-based fraud detection, feature development, and statistical analysis of new and existing fraud trends. The Data Scientist will work under general guidance of Data Specialists or Managers to identify, design, develop and support data solution for business. The Data Scientist will also work with the fraud teams to provide deliverables including research insights, data assets, and visualizations to help the end-user develop a better understanding of the topic. 

You’ll be responsible for:    

• Identify and implement improvements for existing data products to improve accuracy, usability, and performance. 

• Research and develop new data science tools to improve the countermeasure process, including testing and validation. 

• Conduct ad-hoc data analysis, create reports, and respond to data inquiries with actionable insights using various reporting and data visualization tools. 

• Develop and test Fraud detection rules and conduct fraud trend & alert analysis 

You bring:    

• You are currently enrolled in a university or college program with a track record of academic excellence in a relevant discipline, like statistics, quantative financial analysis, math, computer science, business analytics 

• Solid verbal, written and analytical communication skills – you have experience writing complex concepts, ideas, visuals and thoughts clearly and succinctly 

• Comfortable with learning and working effectively either independently or with groups across different functions and levels. 

• Proven experience in data analysis, statistical modeling, and feature development within relevant industries 

• Proficiency in SQL and Python for data manipulation/analysis and have knowledge in reporting and data visualization 

• Experience with databases such as Redshift and Oracle 

• Familiarity with building and testing machine learning models on cloud platforms. 

• Knowledge of data mining, databases, SQL and Machine learning 

• You are a storyteller with data – you're analytical, organized and have strong interpersonal skills 

• A sense of curiosity – you enjoy taking initiative to learn and conduct independent research to help drive results 

• You are a proactive and analytical problem-solver with a demonstrated track record being able to identify issues as they arise and can triage accordingly 

• Although not required, you have some familiarity or previous experience with the following:  

• Previous internship experience as a data scientist, data analyst or business analyst 

• Understanding in banking/payments industry is a plus 

• Familiarity with risk or fraud detection context is a plus 

• Focus and dedication to improve analysis process and ensure data accuracy 

Workstyle: Hybrid (3 days on-site) 
Location: Toronto 
Term: September to December 2025 
Duration: Monday – Friday 

Interac requires employees to complete a background check that is completed by one of our service providers.  We use this service to complete the following checks:

• Canadian criminal record check;
• Public safety verification;
• Canadian ID cross-check;
• 5-year employment verification;
• Education verification; and
• If applicable, Credit Inquiry and Social Media Check

How we work
We know that exceptional people have great ideas and are passionate about their work.  Our culture encourages excellence and actively rewards contributions with:

Connection: You’re surrounded by talented people every day who are driven by their passion of a common goal.

Core Values:  They define us. Living them helps us be the best at what we do.

Compensation & Benefits: Pay is driven by individual and corporate performance and we provide a multitude of benefits and perks.

Education: To ensure you are the best at what you do we invest in you

Please be aware of certain individuals fraudulently using Interac Corp.’s name and logo to offer fictitious employment opportunities. Interac Corp. will never ask, solicit, nor accept any monies in exchange for employment opportunities. Any such offers of employment are fraudulent and invalid, and you are strongly advised to exercise great caution and disregard such offers and invitations.

Please note that under no circumstances shall Interac Corp. be held liable or responsible for any claims, losses, damages, expenses, or other inconveniences resulting from or in any way connected to the actions of individuals performing such fraud. Further, such fraudulent communication shall not be treated as any kind of offer or representation by Interac Corp. or its subsidiaries and affiliates.