About Loop

Loop is a fast-growing FinTech high growth startup that enables businesses to seamlessly manage money around the world so our clients can access more markets, accelerate their growth and simplify their operations with the only truly cross-border banking platform. Loop is enabling the next generation of businesses to thrive around the world and we are looking for ambitious people to join our mission.

About the Role

Hi, I'm Hillary, Risk Lead, at Loop and I am hiring an analytical, detail-oriented Risk intern who thrives in a fast-moving environment, tackling everything from credit monitoring to fraud investigation for the Fall semester.

This role is an onsite position 5 days per week at our downtown Toronto office (Adelaide and Spadina).

Where You Come In

As a Risk intern, you’ll play a key part in safeguarding our lending portfolio — monitoring credit, tackling fraud, managing borrower relationships, and driving smarter processes. 

You’ll gain hands-on experience across credit monitoring, fraud prevention, and collections — skills that are highly valued in banking, fintech, and beyond. 

Key Responsibilities:

• Proactively monitor credit exposures to spot early signs of risk and support healthy portfolio performance
• Keep our credit systems accurate by maintaining up to date FX rates
• Oversee purchase order (PO) financing from end to end, including:
• • Calculating and charging interest and monthly fees
  • Ensuring borrowers remain on track with repayment schedules
  • Managing renewals seamlessly
• Investigate and manage fraud and dispute cases by:
• • Reviewing claims and gathering evidence
  • Submitting chargebacks to the network
  • Tracking case statuses and keeping clients informed
• Drive collections activities with urgency, professionalism, and empathy, including:
• • Contacting overdue borrowers
  • Negotiating settlements and payment plans
  • Issuing demand letters and assessing recovery potential
• Partner with our tech team to identify and resolve process improvements in risk workflows
• Analyze loan performance data and recommend strategies to strengthen our credit approach

Additional Exposure (as needed)

• Conduct in credit application reviews, assessing businesses on financial health, creditworthiness, and risk factors
• Prepare and manage loan documentation
• Support the filing, renewal, amendment, and discharge of general security agreements for corporate borrowers

Desired Qualities, Skills, and Experience:

• Proficiency in Excel/Google Sheets; familiarity with financial systems or data analysis tools is a plus
• Strong analytical skills with the ability to interpret data, identify trends, and assess risk factors
• Excellent written and verbal communication skills, with the ability to interact confidently with clients and team members
• Detail-oriented with strong organizational skills and the ability to manage multiple tasks simultaneously
• Comfortable investigating complex issues such as fraud claims or overdue accounts, and making clear recommendations
• Willingness to adapt, learn quickly, and take ownership of assigned responsibilities
• Eager to grow in the areas of credit monitoring, fraud prevention, and portfolio risk management

It’s a bonus if you have:

• Working towards the completion of a Bachelor’s degree in Business, Finance, Accounting, or a related discipline
• Experience working in financial services, fintech, or banking environments
• Previously experience of credit risk assessment, lending practices, or collections processes

What's in it for you?

• Learn by doing – gain real-world experience in credit monitoring, fraud prevention, and collections
• Make an impact – your work will help protect the business, reduce risk, and support smarter lending decision
• Collaborate across teams – work closely with risk, operations, and tech to solve meaningful problem
• Small and mighty – our risk team is lean, so you’ll get exposure to a wide variety of responsibilities and challenges
• Being in the office five days a week means you’ll drive real-time change and collaborate directly with passionate teammates to make things happen faster

What we offer

• Salary range CAD$20-30/hour, commensurate with experience 
• This role is onsite in our downtown Toronto office
• Kitchen full of snacks and drinks to keep you going throughout the day
• Catered lunch on Fridays (we take recommendations!)

Interview Process

• 15 minutes phone call with Mandy, People and Business Operations Specialist
• 15 minutes phone call with Hillary, Risk Lead
• 60 minutes (in person or virtual) meeting Mark, Head of Capital Market and Nik, Head of Credit Product 
• 30 minutes (in person or virtual) meeting with Cato, CEO and Co-Founder and 15 minutes with Sarah, Chief of Staff
• Background check and offer

Our Mission, Vision and Values

• Mission: To help businesses seamlessly manage money around the world so they can access more markets, save money and simplify their operations
• Vision: The future of business is global by default. Loop will be the first business bank that is global by default.
• Values: Act with Urgency, Take Radical Ownership and Be Kind 

How to Apply

To apply for this position, please click “apply” and share your resume, alongside a brief paragraph about yourself and your previous experience.

Loop is committed to creating a diverse culture. We encourage you to apply regardless of who you are or where you came from - what matters is the journey ahead. Put simply, if you’re unsure about your qualifications for this position, we’d still encourage you to apply!