Westpac Group
2021 Corporate & Institutional Banking Summer Internship Program (Nov 2021)
Sydney, Melbourne
Opportunity expired
Opportunity details
- Internship, Clerkship or Placement
- 1 vacancies
- Apply by 6 Aug 2021
- Start date 30 Nov 2021 - 31 Dec 2021
Who we want: Students from all disciplines are welcome to apply for the CIB Program. At Westpac Group, we recognise that a finance/analytical background is preferred but not necessary to join our team. If you have the intellectual curiosity and drive to learn we have the training infrastructure to foster and develop the skills you need.
Program Locations: Sydney, NSW and Melbourne, VIC
Program Duration: 10 Weeks
Rotation Structure: 2 rotations of 5 weeks
Core Rotation Areas: A selection of: Customer Insights & Analytics (CI&A), Relationship Coverage, Loans & Syndications, Structured Finance, Trade Finance, Asset Finance, Sustainable Finance, Acquisition & Leverage Finance, Credit Portfolio Management, Business Controls
Program Overview: CIB, which sits within Westpac's Institutional Bank, focuses on understanding the needs of our institutional and government clients to support them through their lifecycle, whether that be to provide financing and solutions for growth opportunities, to assist in navigating through times of change, or simply just to support their financial wellbeing.
We also aim to collaborate and partner with our clients to help solve global challenges including respecting human rights and supporting the transition to a climate resilient future by structuring loans so they are linked to achieving environmental, social and corporate governance (ESG) outcomes.
- CIB has industry specific expertise across general corporates, energy, infrastructure, resources, financial institutions, health, government and real estate.
- Work with dedicated teams to gain a deep understanding of our clients' businesses and the needs and challenges they face.
- Recognised as a leader in the field, you'll work alongside our talented people based throughout Australia, New Zealand, Asia, UK and the US.
- A great place to start your career, we'll introduce you to the products that help us look after the needs of our customers. It's a wide range, including providing financial solutions for general corporate purposes, asset purchases, trade, M&A funding.
Future career opportunities: Fast-track your career progression into the Grad Program and into any of the following roles within the CIB team:
- Customer Insights & Analytics
- Relationship Coverage
- Debt Products
- Chief Operating Office
- Business Controls & Monitoring
Former Intern Testimonial: Kevin, 2019 CIB Summer Intern, now 2021 Graduate
"I studied a combined Bachelor of Commerce/Science at the University of Sydney and, in my spare time, I love catching up with friends and playing tennis.
I was a CIB Summer Intern, but I'm also from an Engineering background!
I chose to apply to Westpac Group's Summer Intern Program due to the friendly and collaborative culture of the bank: this really stood out to me. Everyone is very approachable and happy to have a chat, regardless of their title and business area.
I was attracted to CIB in particular because it's a fast-paced, client facing side of the bank, and it deals with a huge range of clients across all industries".
Hiring criteria
- No experience required
- Business & Management +more
- Bachelor or higher
Reviews
Provide hr advice to employees and leaders across the group
A lot of admin work - booking meetings, writing minutes, making presentation packs, liaising with eas to organise higher-ups attendance. a lot of work is given to you that others in the team would rather not do - the important thing is to have a good attitude regardless of how passionate you are about it as that attitude is what people will talk about when you roll off/apply for internal roles.
Monthly reporting. automating reports learnings and implementation
About the employer
Westpac Group
4.4
1,000 - 50,000 employees
Banking & Financial Services
When you join Westpac Group, youโll be empowered to make a difference, speak your truth and discover what success means to you.
Pros and cons of working at Westpac Group
Pros
The quality of the work and the people you work with.
Huge amount of opportunity to learn and grow.
Flexibility, atmosphere.
Rotating around between teams ensures I am learning lots and meeting heaps of people.
Great extracurricular opportunities to be involved in - from employee action groups to Toastmasters clubs.
Cons
Sometimes it is difficult to contact/work with departments outside of your area.
Because it's so big, it's very slow to move with change and onboarding to systems.
Having set days to come into the office. Hard to find a job after graduate program finishes.
Too many systems.
We are big, old and clunky. This means things can take ages to actually get done, and there can be heaps of red tape.