Welcome to Future Me, ASB's graduate programme!
Applications open 29th of August - Add an alert now to be reminded!
Why is Future Me for Me?
- You'll get to experience working across different business units over the two years you're on the programme
- You'll have access to a buddy and a team of mentors
- There'll be an induction week when you first start + regular get-togethers with the grads you started with for networking nights, community activities and six monthly check-in days
- You'll have a Graduate Recruitment Manager, who will be your contact and support person from when you apply, as you progress through the programme, to when we help you find a job as you come off the programme
- There'll be a shared learning project with the group of grads you started out with
- There's a real and genuine emphasis on work/life balance
- You'll have performance milestones and measures throughout each rotation so you and we can see how you're tracking
- There'll be on-the-job learning supplemented with relevant training courses
- You'll get a competitive salary package with great banking benefits
- You'll be working for a company that will encourage you to be your best every day and have opportunities to learn, grow and contribute
Our Graduate Programmes
Relationship Banking
What does Relationship Banking do?
Relationship Banking manages high value customers within the Commercial and Rural markets. The Commercial Banking Segment and Operations & Risk are the two major teams within Relationship Banking that will be your home for the next 2 years. The Commercial Segment team develops strategy to enhance and grow ASB’s share of this valuable market. The Operations & Risk team provides oversight, ensures compliance, implements risk and process changes, and manages the operational and credit risk framework for the division.
What will I do on the Relationship Banking programme?
The focus will be to develop your analytical skills and learn about the intricacies of the Commercial segment; perform data analysis to help with strategy implementation; work with Marketing to deliver targeted communications to the Commercial market (including Maori Banking); and work with the frontline to develop tools, campaigns and initiatives to help grow target segments. In addition, you will learn about the operational risk management framework; what risks eventuate in our business units; how risk is mitigated; investigate risk incidents; and develop new processes and implement these changes in the wider business unit.
You will also spend three months in a customer-facing business unit getting to know our Customers, Colleagues and Communities + three months in a Risk function in the Bank.
Wealth
What does Wealth do?
The Wealth business at ASB includes ASB Securities, Aegis and Wealth Management & Private Banking. ASB Securities offers equity trading, fixed interest trading and a margin lending service through its telephone and internet broking teams. It also provides market updates. Aegis is a platform that provides electronic administration services designed to hold, trade and report on portfolios of investments on behalf of financial advisers. Wealth Management & Private Banking looks after our high value customers to create, manage and protect their wealth.
What will I do on the Wealth programme?
Working in a client-facing role and in a business analyst role, you will get an overview of the wealth businesses at ASB. You will also gain an understanding of how financial markets work as well as the financial services industry in New Zealand.
You will also spend three months in a customer-facing business unit + three months in a Risk function in the Bank.
Analytics – Credit Risk Analytics and Customer Analytics & Pricing
What does Customer Analytics & Pricing do?
Customer Analytics & Pricing (CAP) is divided into three core functions, plus a Business Intelligence team, which liaises with our internal partners in Technology. The analytics journey starts with Customer and Marketing Analytics to understand product, customers, and needs, then moves to Pricing to determine product or offer pricing, then to Reporting & Analytics for on-going measurement.
What does Credit Risk Analytics do?
Credit Risk Management’s job is to assess the financial health of our customers and extend credit accordingly. We do this by employing our own models, which rank potential and existing customers according to risk. Credit Risk Management is split into four main areas: Retail Analytics, Corporate Analytics, Credit Information and Credit Framework.
What will I do on the Analytics programme?
Working in the Credit Risk Analytics and Customer Analytics & Pricing teams, you will develop core analytical, database and reporting skills needed in a number of analytical industries.
In the Credit Risk Analytics team, you’ll gain end to end exposure of retail credit risk management from origination, account management, collections and recoveries. You’ll analyse portfolio quality, learn how the bank uses scorecards and statistics to improve decisioning, and assist in researching and implementing new credit risk initiatives. You will also be trained to use key tools including forecasting, provision and Basel II models.
In the Customer Analytics & Pricing team, you’ll learn how the Bank’s value chain fits together from distribution channels through operations, technology, finance, treasury, marketing and product management. You’ll get to put a business spin on your technical expertise by working right alongside business experts and get experience in and exposure across a large chunk of ASB’s products.
You will also spend three months in a customer-facing business unit (for example, in our one of our branches) getting to know our Customers, Colleagues and Communities + three months in a Risk function in the Bank.
Audit
What does Audit do?
The Internal Audit (IA) team evaluates the adequacy and effectiveness of governance, risk management and control processes through a risk-based rolling 12-month IA Plan. Audit's remit covers all NZ entities across CBA NZ Group, including all business operations, ventures, systems, processes, products, special activities and functional units in all locations.
What will I do on the Audit programme?
Working across the Internal Audit Delivery team and the Internal Audit Practice function, you'll learn key IA skills including risk & control, process understanding, risk and issue management and internal audit methodology.
You'll be involved in the planning and delivery of audit assignments and assist with the project management of strategic work streams. You'll gain a solid appreciation for risk and control, develop project management, strategy and systems implementation skills and get a broad ‘helicopter' view of the business environment.
You will also spend three months in a customer-facing business unit (for example, in one of our branches) getting to know our Customers, Colleagues and Communities + three months in a Risk function in the Bank.
Treasury
What does Treasury do?
Treasury is the "banker to the Bank". The core functions of Treasury include ensuring the Bank has adequate capital for risks taken and adequate funding for planned activities. It ensures the bank maintains sufficient liquidity and manages a large portfolio of assets on a cost-effective basis. Treasury also manage the balance sheet to manage risk and enhance value by removing volatility and maintaining long-term value.
What will I do on the Treasury programme?
You'll obtain a wide skill base and markets experience during your time in the Treasury team. Working in the Funding & Liquidity and the Asset and Liability management team, you'll develop an understanding of risk management and markets and help to build and develop models. You'll also be involved in deal entry, asset management and reporting, money market activities including funding domestically and offshore and provide help with project support functions as required.
You will also spend three months in a customer-facing business unit + three months in a Risk function in the Bank.
Institutional Banking & Markets (IB&M)
What does IB&M do?
Institutional Banking and Markets is responsible for the provision of products and services to ASB's major corporate and government clients to optimise the client's capital structure and related financial flows. Institutional Banking is the primary face to the market for all complex financing and advisory functions. The Markets team is responsible for all of the activities associated with financial markets, and works closely with Treasury to manage ASB's overall positions in these markets on a day-to-day basis. IB&M also incorporates the Transaction Banking Solutions area (ASB International, Global Banking Partnerships and Working Capital Services), Economics, Credit Risk and an Operations team.
What will I do on the IB&M programme?
During the programme, you'll undertake rotations in different parts of the business. This ensures you will have a diverse experience and are able to create synergies between your placements. There is the opportunity to be involved with our Relationship Managers at the client face, understanding the needs of our clients and the products we offer. You'll also develop an understanding of risk management as potential deals are put through the credit approval process. In addition, you'll experience the roles of both the front office trading and dealing teams, as well as an overview of our specialist product areas.
I love the sound of Future Me! How do I apply?
We'll be assessing you at each stage of the application process. If you get to join our team on the Future Me programme, this is how the full application process will go:
1) You'll apply online by clicking "Apply Now" with your CV, cover letter and university transcript*
2) You'll complete online testing, which assesses you on your numerical & verbal reasoning professionalism
3) We'll call and have a chat about you and Future Me
4) You'll attend an assessment centre day in Auckland, which will include an interview
5) We'll complete reference checks, a pre-employment security check and a credit check
6) If you've passed steps 1) through 5) with flying colours, we'll be making you an offer!
* In your careers profile under "Area of expertise", make sure you select the programme you are interested in. You can select as many programmes as you like.
