Summer Internship Program

Designed to provide a strong talent pipeline for the Graduate Rotational Program (GRP), our paid-summer internships offer motivated undergraduate students the opportunity to develop their business skills and grow in line with their individual capabilities, aspirations and experiences.

At a Glance

  • 2 to 4 months summer internship program
  • Opportunities in Canada, Luxembourg and UK 
  • Any degree discipline considered

The Summer Internship Program (SIP) will provide you with a strong understanding of what it’s like to work for RBC Investor & Treasury Services. You will be assigned to a specific team to help deliver projects and operational initiatives, getting hands-on exposure to complex business situations which directly impact our clients. Throughout the summer, you will be encouraged to participate in learning and development sessions, social events and charitable campaigns, expanding your network and enhancing your professional acumen. You will be supported with tailored expert coaching and tools to ensure you have the skills and knowledge to succeed.

Summer interns who excel during this time will be considered for the GRP and provided with an offer to return upon completion of their studies.

Each summer intern will be placed in one specific team for the duration of program and allocations are determined based on business needs.

Previous teams have included:

  • Shareholder Services
  • Fund Accounting
  • Shared Services
  • Treasury Market Services
  • Global Client Coverage
  • Governance & Regulatory Solutions

To discover more about the Summer Internship Program click here to read about our some of our interns’ experiences.

Summer Interns are undergraduate students going into their final year of studies, with a desire to develop their professional skills while working in a fast-paced, global organization. Diversity of thought is important to RBC Investor & Treasury Services, so we consider candidates from all degrees and educational backgrounds.

World Map

We are looking for motivated candidates who are:

  • Collaborative
  • Curious
  • Keen to learn
  • Able to form professional networks
  • Driven and resilient
  • Open to and respectful of a range of perspectives from around the world
  • Great communicators
  • Academically strong

Apply

Toronto, Canada

Applications for the 2019 Summer Internship Programmes are now open.

Apply

London, United Kingdom

Applications for the 2019 Summer Internship Programmes are now open.

Apply

Esch-sur-Alzette, Luxembourg

Applications for the 2019 Summer Internship Programmes are now open.

Do I need to be studying accounting, business or finance?

No, we welcome student applications from all degree disciplines. Innovation and progress stems from diversity of thought, background and experience. We look for candidates who are curious, willing to learn, analytical, and not afraid to bring new ideas to the table. However, we do expect you to have an interest in business operations and the financial industry.

From a technical knowledge perspective, our training program is designed to aid your development in order for you to be successful in your role.

What are the language skills required to join the Program?

As English is the business language used across all RBC offices worldwide, you need to be able to speak a fluent level of English to apply for our programs. We also require strong written communication skills. In Luxembourg a conversational level in French is required. In all other regions, additional language proficiency is welcome, but not necessary.

Do I need relevant work experience to apply?

No, we do not expect you to have prior relevant work experience. We believe you will have gained transferable skills from your studies or previous experiences, professional or otherwise, which you can relate to our Programs. In your application, please focus on examples where you have demonstrated strong communication skills, leadership, innovation, initiative and/or an interest in helping others and engaging in your broader community.

Do I need to be hired for the Summer Internship Program if I want to join the Graduate Rotational Program?

The Summer Internship Program is a key talent pipeline for the Graduate Rotational Program (GRP) each year, particularly in Canada, the UK and Luxembourg. In Malaysia, we consider both previous interns and external graduates for our GRP.

However, as our talent needs continue to evolve, so will our need to consider talent from outside our Internship Programs. Keep an eye on our website each from January to April each year to review our available positions.

What if I am studying abroad when I apply?

Studying abroad does not prevent you from applying to our Programs. Please make sure to let us know this when you are applying online, specifying the dates of your experience and where you will be.

It is a requirement that you physically attend the assessment centre held in the region you have applied for. This is mandatory for all candidates, as we feel it is important for you to familiarize yourself with your potential future work environment and meet the colleagues and managers you might be working with. If you are unable to attend the assessment centre, we will not arrange for an alternative form of assessment.

Do you hire post-graduates/MBAs?

We accept applications from Masters students for our programs in Luxembourg , the UK and Malaysia. Only students pursuing undergraduate programs are eligible for our Programs in Canada.

For career opportunities outside of the SIP or GRP see rbc.com/careers.

Do you accept applications from first or second year students for the Summer Internship Program?

While we focus on penultimate year students for the Summer Internship Program, students in their second year of study may be considered if they prove to have a strong application.

Do you recruit students who require a work permit/visa?

RBC hires students who are eligible to work in the country for which they are applying.

All applications must be made online:

For the Summer Internship Program: www.rbcits.com/sip
For the Graduate Rotational Program www.rbcits.com/grp

Please note that our recruitment will be on a rolling basis, with positions typically posted between January to April. However, please check our websites regularly, as this is subject to change.

What is the application process?

Online application and CV upload

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Online situational judgement test

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Online numerical reasoning test

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Telephone interview

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RBC assessment centre

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Offer from RBC

We have developed a bespoke applicant system designed to:

  • Provide us with an objective assessment of the competencies deemed essential for success within Investor & Treasury Services
  • Provide you with further understanding of the specifics of the role and business in the early stages of the recruitment process

When invited to the Assessment Centre, you will also be asked to complete an Occupational Personality Questionnaire (OPQ).

This report will highlight your areas of strength and opportunities for development. These reports are also used once you join the program to build out your personalized learning plan and support your individual development at RBC.

How long does the recruitment process take?

The entire process can take between four to seven weeks from application to offer. This may be extended when holiday closures or busy periods occur and may be extended if you apply earlier in the process as we typically run one assessment centre per region.

Can I apply to more than one region?

We recommend that you only apply to one role and one region per year. However, if you have a strong interest in a second location, possess the required language skills and are eligible to work in that region, please note this in your application.

How can I differentiate my application?

We are looking for candidates who are curious, eager to learn and who have a genuine interest in RBC and our industry, ready to bring a fresh and innovative lens to the organization. Avoid copying and pasting Information from our website or brochures in your application. Take this as an opportunity to provide us with insight on your interests and motivations.

Several questions to keep in mind when completing your application:

  • What is your motivation in wanting to join RBC Investor & Treasury Services?
  • What are you expecting from our Programs?
  • What differentiates you from other candidates?

TIP: Remember that you can only upload one document with your application – so if you’d like to attach a cover letter with your resume, consider combining them into one PDF!

You must be able to clearly articulate how joining one of our Programs forms part of your career aspirations and goals. Show interest and be curious!

What are the skills that you look for when recruiting?

We are looking for candidates who display certain skills, deemed essential to succeed on the program and at RBC Investor & Treasury Services. You can find these listed on the Program pages under the “What do you need to succeed?” tab.

What is the best way to go about preparing for an interview or the Assessment Centre?

The interview process is an opportunity for you to get further insight into our organization, the program experience and the roles we offer our interns and graduates. In order to make the most of the experience, it is important to come prepared. Be in a position to articulate what it is about our business that interests you. Know what is happening in the financial industry, or come with your questions on what further insight you hope to gain.

It is also an opportunity for us to get to know you and understand what motivates you. As such, the most important thing is to be yourself! Our interviews are behavioural, so have specific examples of when you have demonstrated key behaviours.

Why join us? What differentiates RBC from other banks?

As a global leader in asset servicing, Investor & Treasury Services is the ideal place to have an impact, share ideas and learn.

Exceptional Reputation:

  • #1 global custodian, with the strongest credit ratings among our peers*
  • Renowned for our #1 client service rankings
  • Award-winning fund accounting and transfer agency services with lead market shares in Luxembourg and Canada
  • Top rated securities lending and finance services focused on efficiently maximizing client returns
*Global Investor ISF, 2011-2016; strength determined by credit ratings, as of November 29, 2016.

Global Exposure:

  • Present in over 19 countries across North America, Europe, Asia and Australia
  • Graduate programs in Canada, UK, Luxembourg and Malaysia ensure a global lens to collaboration and learning

Future Potential:

  • We are committed to advancing technology. Advanced Client Experience (ACE) focuses on aligning our clients’ requirements with system enhancements designed to improve their overall experience, enhance operational efficiency and reduce risk
  • Corporate Responsibility frames our approach to business, in which we work to make a positive impact on society, the environment and the economy. In 2015, we committed over $100 million CAD in donations and sponsorships worldwide to support community activities and organizations.

What is it like to work at RBC?

Our culture and corporate responsibility are a fundamental part of who we are and what we do. It speaks to our values and culture within the organization and our people. It articulates how RBC is – and will continue to be – purpose-driven, principles-led, and performance-focused. It describes our reason for being, our bold ambition for the future, and what it will take to achieve and sustain excellence.

At RBC, we think of corporate responsibility, or citizenship, as an approach to business in which we work to make a positive impact on society, the environment and the economy. We think corporate responsibility means conducting ourselves with integrity, and it encompasses all the good business practices of good sustainable companies. Corporate responsibility is about our behaviour and our actions. It’s not about a single program, managed by a single department. It’s about good governance. It’s about solid risk management, a good return to investors, strong consumer protection, active community relations, leading-edge human resource practices and employee relations. It’s also about responsible supply chain management, paying a fair share of taxes and obeying the law.

Find out more about all of our Citizenship initiatives.

Is training provided?

We are committed to our employees and ensure they build considerable skills, expertise and systems knowledge.

On top of your on-the-job learning and behavioural, product and technical skills training you will receive as part of the Graduate Rotational Program, you will also have access to continuous development tools (e-learning, internal training) which cover a wide array of topics, helping you hone both your professional and technical skills.

How much will I get paid?

Our salaries are competitive.

What if I have questions?

Please contact the GRP Office at grpoffice@rbc.com.

Let’s continue the conversation

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