Student Information

Student Name

Jacob Kholodenko

Email

jacobkholodenko@gmail.com

Academy

IT

Internship Information

Company/Organization: Scotiabank

Mentor(s):Diane Sakowski

Topic of Internship

Finance

Background Information

Scotia Capital (USA) Inc. is one of Canada’s largest brokerages and handles investment dealings and securities trading. The company takes part in mainly Canadian and U.S. securities as well as corporate lending, fund management, and mergers and acquisitions. The company is also a branch on Scotiabank, Canada’s ‘Most International Bank’. The brokerage has activities in a wide variety of international corporations and governments, with clientele industry groups in financial services, media, and technology. Locations of business for the bank include the headquarters in Toronto, Canada, Boston, Houston, Chicago, New York City, and all across the eastern hemisphere. For decades, Scotia Capital (USA) Inc. has been a very trusted and powerful financial institution.

Summary of Internship

As an intern at Scotiabank, I was responsible for assisting in most matters of accounting. Having worked under the manager of accounts payable, my tasks were more centered on expense reports, invoice reports, and data entry. In the beginning, I had to organize files for both employees and vendors for the fiscal year. Once settled my job became more in-depth and important and included the creation of employee expense reports and sending out payments. Later, I learned how to process data into the company software, which logs information and maintains organization. Throughout my time at Scotiabank, I had the pleasure of meeting with many employees in various departments. These departments ranged from equity derivatives sales to foreign exchange. I made valuable connections that have provided me with insight and knowledge of the world of finance. The environment is extremely professional, yet friendly and comfortable for a great learning experience.

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