2026 Mortgage Capital Markets Internship (Houston, TX, US) na Scotiabank Global Site

Requisition ID: 237987

 Salary Range: 110,000.00 - 110,000.00 

Please note that the Salary Range shown is a guideline only. Salary offered may vary based on factors, including, but not limited to, the successful candidate’s relevant knowledge, skills, and experience.

Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

2026  Mortgage Capital Markets Internship - Houston

June to August 2026

Location: Houston, Texas

Who We Are:

Global Banking & Markets provides a full range of investment banking, credit and risk management products and services relevant to the financing and strategic development needs of our clients. Our products include debt and equity financing, mergers & acquisitions, corporate banking, institutional equity sales, trading and research, fixed income products, derivatives, energy, and foreign exchange.  We cross-sell the full range of wholesale products and services offered by the Scotiabank Group.

The Analyst Program at Scotiabank is designed to introduce undergraduate students to the stimulating and challenging career of investment banking involving debt and equity financings, mergers and acquisitions, financial advisory and business development in several industry sectors. Analysts will learn to perform complex financial analysis such as market comparisons, company valuations and pro-forma financial modeling. Analysts prepare research to support financial valuations.

Analysts must have a strong work ethic, be accommodating and maintain extremely high professional standards. An analyst is typically involved in numerous deals and projects at the same time and will work with several senior group members concurrently.  Balancing the requirements of multiple deal assignments and/or projects can be very demanding. The challenging nature of the work, combined with long hours at the office requires intense effort and dedication.  Analysts must also be willing to work extended business hours, including weekends as required to meet multiple work deadlines. 

We are committed to offering you extensive opportunities for training, hands-on experience, and career advancement. Simply put, your future is our investment. 

This role is for a spot on one of two teams: Power and Utilities, or Clean Tech Energy. Scotiabank is one of the world’s leading providers of financial services to the energy sectors. We offer merger and acquisition, equity, debt, corporate lending, and commodity hedging and capital markets solutions for energy companies in North America and beyond. Scotiabank offers equity research, institutional sales and trading, and investment banking services to the energy sector in the United States.

Our sophisticated energy platform fully integrates financial advisory services, origination and structuring, trading, financing and research. Producers and consumers of energy benefit from our detailed knowledge of the commodity markets and our full-service product suite, from vanilla hedging to structured financing solutions.

Is this role right for you?

You will contribute to the overall success of the Mortgage Capital Markets team in the United States, ensuring specific individual goals, plans, initiatives are executed / delivered in support of the team’s business strategies and objectives.  Ensures all activities conducted follow governing regulations, internal policies, and procedures.

What will my responsibilities look like?

• Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems, and knowledge.
• Prepares pitch books and marketing presentations in support of the mortgage financing and capital markets platform.
• Assists in structuring, negotiating terms and documentation with borrowers and other third parties culminating in the closing of transactions.
• Works on maintaining the existing portfolio by handling clients' requests related to the warehouse facilities, collateral, and customer funding requests. Also drafts annual risk reviews and works on internal credit underwriting approvals. Work closely with credit officers to coordinate the requisite reviews by risk management. Work closely with trading team to ensure daily marking of positions and requisite margin call monitoring.
• Attends and documents due diligence meetings.
• Reviews daily collateral reports and monitors asset performance trends.
• Coordinates a variety of activities with the mid-office and operations teams including the closing of new and existing transactions, daily draw requests, tracking and monitoring of collateral, and providing them with updates or changes to the terms or funding of deals as required.
• Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
• Actively pursues effective and efficient operations of his/her respective areas, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational risk, regulatory compliance risk, AML/ATF risk and conduct risk, including but not limited to responsibilities under the Operational Risk Management Framework, Regulatory Compliance Risk Management Framework, AML/ATF Global Handbook and the Guidelines for Business Conduct.

Do you have the skills that will enable you to succeed in this role? We’d love to work with you if:

• Pursuing an undergraduate degree or are completing a graduate degree to be completed between December 2026 and July 2027 within Business, Science Technology, Engineering, Economics, or Math disciplines
• Demonstrates sound knowledge of mortgage financing fundamentals
• Degree in Business or related field. MBA/CPA/CFA or other industry designation is helpful
• Experience in a Corporate/Commercial/Investment Banking or related environment
• Prior experience in mortgage capital markets / mortgage warehouse financing is a bonus
• Requires computer (Word, Excel, PowerPoint) proficiencies as well as excellent written and oral communication skills
• Experience in credit analysis and familiarity with legal document review preferred
• A high level of commitment and a strong sense of teamwork are needed to succeed in the role
• Roll-up sleeve attitude to support the team and internal stakeholders in a new business build and help where needed
• Ability to prioritize, make timely and sound judgments, and succinctly communicate with senior management

Internship Highlights:

• You’ll be part of a diverse, collaborative, innovative, and high-performing team.
• In-depth training to prepare you for the role, as well as ongoing coaching and feedback to help you succeed!
• Exclusive student events such as Lunch & Learns, leadership panels, technical training, social events and more!
• Bank-wide orientation to learn more about Scotiabank and gain exposure to senior leadership across the organization.

How to apply:

You must apply via the Scotiabank career portal and complete all steps outlined below to be considered for this position.

1. Click the “Apply” button and complete the application form.  
2. Submit your resume as a single PDF when prompted
3. Successful applicants will be contacted for next steps.

We thank all candidates for taking the time to apply; however only those candidates selected for an interview will be contacted. We do not offer any type of employment-based immigration sponsorship for this program. Likewise, Scotiabank will not provide any assistance or sign any documentation in support of any other form of immigration sponsorship or benefit including optional practical training (OPT) or curricular practical training (CPT).  

As Canada’s Most International Bank, we are a leader when it comes to inclusion. We are a diverse and global team, speaking more than 100 languages with backgrounds from more than 120 countries. We value the unique skills and experiences each individual brings to the bank and are committed to creating and maintaining an inclusive and accessible environment for everyone. If you require accommodation during the recruitment and selection process, please let us know. We will work with you to provide as seamless a recruitment experience as possible.

Location(s):  United States : Texas : Houston

Scotiabank is a leading bank in the Americas. Guided by our purpose: "for every future", we help our customers, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.  

At Scotiabank, we value the unique skills and experiences each individual brings to the Bank, and are committed to creating and maintaining an inclusive and accessible environment for everyone. If you require accommodation (including, but not limited to, an accessible interview site, alternate format documents, ASL Interpreter, or Assistive Technology) during the recruitment and selection process, please let our Recruitment team know. If you require technical assistance, please click here. Candidates must apply directly online to be considered for this role. We thank all applicants for their interest in a career at Scotiabank; however, only those candidates who are selected for an interview will be contacted.