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Commonwealth Bank

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4.2
  • #1 in Banking & financial services
  • 1,000 - 50,000 employees

Commonwealth Bank 2018-19 Risk Management Summer Intern Program

Opportunity expired

Opportunity details

  • Opportunity typeGraduate Job
  • Application open dateApply by 5 Aug 2018
OPPORTUNITIES:

Summer Intern Program | Risk Management

DO WORK THAT MATTERS

Risk Management at CommBank is the most advanced risk function in Australia. We partner with our internal clients to develop and deploy risk frameworks to allow the Group to take conscious exposures to credit, market, operational, compliance and insurance risks within a Board-approved appetite. Through our analytical capabilities we provide insights and guidance into identifying, assessing and reporting risks to achieve optimal return outcomes for the Group. Our team is energised about what we do, what we've achieved and the momentum behind where we're headed, and we want you to join us on our journey!

SEE YOURSELF IN OUR SUMMER INTERN PROGRAM

Our 10-week program starting on 26 November 2018, gives you a taste of what it's like to work with Australia's best bank. You'll be given full support and training to help you decide if CommBank is the right fit for you.

As a Summer Intern, you will have an opportunity to help design, establish or develop risk policies, principle standards, methodologies and measurements to ensure the management of risks is within the bank's agreed risk parameters. There is a wide range of diverse and specialised risk teams with Risk Management and as part of the internship, you will gain exposure to a range of specialised Risk divisions such as:

  • Business & Private Banking Risk;
  • Institutional Banking & Markets Risk;
  • Business & Private Banking Risk;
  • Wealth Management Risk;
  • Compliance;
  • Group Credit Risk;
  • Operational Risk;
  • Portfolio & Market Risk Management; or
  • Risk Strategy & Optimisation.

The opportunities are endless and the work provided is varied and different.

1.  Risk Management (Actuarial)

STUDYING ACTUARIAL STUDIES? SEE YOURSELF IN OUR SUMMER INTERN PROGRAM

Wondering how your Actuarial Studies degree comes in use in our Risk Management division? You bring exceptional skills in quantitative analysis, and already have an appreciation of complex calculations and algorithms developed throughout your studies. Your skills would be useful in all roles within our Risk Management division, however would be especially useful in our Portfolio & Market Risk Management area.

2. Risk Management (Law)

STUDYING LAW? SEE YOURSELF IN OUR SUMMER INTERN PROGRAM

Wondering how your Law degree comes in use in our Risk Management division? You bring exceptional skills in verbal and written communication, and already have an appreciation and understanding of legal frameworks developed throughout your studies. Your skills would be useful in all roles within our Risk Management division, however would be especially useful in our Compliance area.

3. Risk Management (Maths & Statistics)

STUDYING MATHEMATICS OR STATISTICS? SEE YOURSELF IN OUR SUMMER INTERN PROGRAM

Wondering how your Mathematics or Statistics degree comes in use in our Risk Management division? You bring exceptional skills in quantitative analysis, and already have an appreciation of complex calculations and algorithms developed throughout your studies. Your skills would be useful in all roles within our Risk Management division, however would be especially useful in our Portfolio & Market Risk Management area.

4. Risk Management (Science & Engineering)

STUDYING SCIENCE OR ENGINEERING? SEE YOURSELF IN OUR SUMMER INTERN PROGRAM

Wondering how your Science or Engineering degree comes in use in our Risk Management division? You bring exceptional skills in analysis, and already have an appreciation of risk developed throughout your studies. Your skills would be useful in all roles within our Risk Management division.

WHAT CAN YOU EXPECT AS A SUMMER INTERN?

  • Contribute from day one.
    You'll be given real work that impacts our business and our customers.
  • Receive training and development.
    You'll receive group-wide training and business area-specific training.
  • Support and networking opportunities.
    You'll have a buddy to support you and will build networks with your fellow interns and with managers from across CommBank.
  • Access to senior management.
    You'll have unique access to senior leaders.
  • Stability.
    You'll be working at Australia's largest bank - enjoy fantastic offices with the latest technical innovations.
  • Give back.
    You'll have chance to contribute to the community by participating in our community committee and other initiatives.

WE'RE INTERESTED IN HEARING FROM YOU IF:

  • You're a creative, logical and innovative problem solver
  • Adaptable and agile in nature – no one day is the same in our intern program
  • Hard working, resilient and a team player
  • Are an Australian or New Zealand permanent resident or citizen at the time of application (essential)
  • Are in your penultimate (second last year) of your university degree, or if you are doing a double degree, you must be in your penultimate year of your overall studies (essential)
  • You have achieved at least a credit average across your university degree (essential)

HOW DO I APPLY?

Applications are open from 16 July 2018 – 5 August 2018 (11.55pm AEST). 

At CommBank, we're committed to building a diverse and inclusive workforce reflecting the customers, businesses and communities we serve. As a value's driven organisation, we nurture and support our people; through focussing on skill and talent development, collaboration, flexibility and internal promotion. With service in mind at every touch point, we take accountability for the role we play in securing and enhancing the financial wellbeing of people, businesses and communities. At CommBank you can be you.

Qualifications & other requirements

You should have or be completing the following to apply for this opportunity.

Degree or Certificate
Study field
Study field (any)

Hiring criteria

  • Experience requirementNo experience required
  • Study fields
    Engineering & Mathematics
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About the employer

Commonwealth Bank logo

Commonwealth Bank

Rating

4.2

Number of employees

1,000 - 50,000 employees

Industries

Accounting & Advisory

Start at the forefront. Explore your future with us.

Pros and cons of working at Commonwealth Bank

Pros

  • Great work-life balance, surrounded by brilliant people

  • It is a very big organisation and there are many opportunities outside your business area. There are secondment roles opportunities which give you a chance to try a role outside your speciality. The Graduate Program has provided excellent conferences all throughout the year which are very valuable for our professional development.

  • Great workplace culture with lots of career development. People are friendly and willing to help.

  • Flexible working arrangements Ability to move around to different teams Different initiatives that run in the bank, that you're able to join The number of networks you're able to make

  • A great place to work - there is flexible work culture, we are strongly focused on helping our community, plus the pay is good too :)

Cons

    • Fairly strict graduate rotation policy, not full freedom of where we can rotate

    • Large company so at times it can be very difficult to get what you need quickly and hard to deliver projects unless you know the right people.

    • Red tape, things can sometimes move slowly Lots of meetings, some unnecessary

    • Remuneration compared to the market.

    • The legacy tech that slows down development can sometimes be frustrating/require workarounds.