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Commonwealth Bank

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4.3
  • 1,000 - 50,000 employees

2022/23 Finance & Accounting Summer Internship Programs (Nov 2022)

Location details

On-site

  • Australia

    Australia

    • New South Wales

      Sydney

    • Northern Territory

      Darwin

    • Queensland

      Brisbane

    • South Australia

      Adelaide

    • Victoria

      Melbourne

    • Western Australia

      Perth

Remote

Sydney, Brisbane, Melbourne, Adelaide, Darwin, Perth, Shepparton, Ballarat, Geelong, Bendigo, Wollongong, Newcastle, Wagga Wagga, Canberra, Rockhampton, Bundaberg

  • Any location

    Remote work

Location

Sydney, Darwin, Brisbane

Opportunity expired

Opportunity details

  • Opportunity typeInternship, Clerkship or Placement
  • SalaryAUD 57,200 - 65,300 / Year
  • Additional benefitsCompetitive Market Rate
  • Application open dateApply by 15 Aug 2022
  • Start dateStart date 27 Nov 2022

UNLEASH YOUR POTENTIAL & CREATE A BRIGHTER FUTURE FOR ALL 

At CommBank we want you to be in charge of your own career, that’s why we give you a chance to select your preferred program based on your area of interest.  

Within the Finance & Accounting area of interest, you will have the chance to join one of the below programs, each with their own unique experiences:  

  • Business Banking 
    • Relationship Management - Sydney, Brisbane, Melbourne, Adelaide, Perth: Manage relationships with all types of businesses, from small, middle-sized to larger corporates. You’ll be responsible for conducting credit analysis, managing the end-to-end lending process, supporting bankers to provide tailored integrated financial solutions, and conducting financial modelling and interpretation of customer’s financial information. 
    • Regional and Agribusiness Banking - Darwin, Perth, Shepparton, Ballarat, Geelong, Bendigo, Wollongong, Newcastle, Wagga Wagga, Canberra, Rockhampton, Bundaberg:  Manage and foster strong relationships with agricultural companies and regional commercial and corporate businesses. You’ll be responsible for developing an understanding of their business financial needs and implementing best strategies. 
  • Financial Services- Sydney  
    • Accounting: Provide financial support to our Board and our shareholders. You’ll be essential in helping set out our overall business strategy and supporting our key stakeholders by providing advice on project management, consulting services, taxation advice, decision support, management information system design and competitor analysis. 
  • Global Markets- Sydney 
    • Interested in a future in financial markets? Our Global Markets Summer Analyst Program might be the place for you. You could be pricing foreign exchange products, supporting the teams in building out derivative pricing tools, or working on bespoke client structures & solutions across a range of products and more! This year, we have opportunities in the following teams: 
    • Trading: Take your personal interest in trading a step further by joining specialised teams focused on foreign exchange, bonds, interest rates and fixed income and credit products in the broader financial markets. 
    • Sales: Gain both direct and indirect client exposure working with specialised sales teams, delivering financial risk management solutions in foreign exchange, fixed income and interest rates to our corporate and institutional clients. 
    • Commodities:  Be front and centre for the fundamentals of the Australian economy, with specialised teams focused on the sales and trading across the full spectrum of commodities including agriculture, energy and metals. 
    • Further information on where this opportunity can take you can be found on our website.   
  • Institutional Banking & Markets- Sydney  
    • You’ll have the exciting opportunity to work with major corporate, government and institutional clients and investors. Join a team playing a critical role in providing products and services to our largest stakeholders; making a significant impact on the everyday life of all Australians. 

 When applying, you will have the opportunity to select up to three program preferences. Check out our website for further information about what each program entails!  

You’ll notice that each of these programs have a strong alignment to providing our stakeholders with bespoke financial solutions, as we are committed to providing solutions that Build a brighter future for all.  

Creating a brighter future for all goes beyond the financial solutions we provide our customers. Check out how you can get involved in the community or join our employee-led diversity networks.  

BE PART OF A COMMUNITY WHERE YOU CAN BE RECOGNISED AND REWARDED  

The program commences in late November 2022, where you’ll join as a full-time employee over the summer. Here you’ll get a taste of what it’s like working at CommBank through formal learning events and workplace-based experiential learning to help you decide if we’re the right fit for you.   

At the end of the Program, you’ll also have the opportunity to fast track your application for our Graduate Program for the following year. If successful, you’ll have secured your graduate role and take the pressure off job searching in your final year of study (With the exception of the Global Markets Summer Analyst Program) 

The program centres around 4 key elements:  

  • Shine: Contribute from day one by working on real projects that impact our business and our customers, within Australia’s largest bank.  
  • Develop: Participate in market-leading training to develop your technical and soft skills. This will help with the transition to full-time work from university over the summer, and ensure you excel in your immediate and future roles.  
  • Network: Build networks and friendships through unparalleled access to senior leaders, project leads and program sponsors, enhancing your personal and business profile.  
  • Contribute: Give back to the community through intern initiatives, driving positive change across our organisation and improving the wellbeing of our intern cohort.   

WE’RE COMMITED TO BRING OUT THE BEST IN EACH OTHER, SO DON’T WORRY ABOUT TECHNICAL GAPS WE’LL TEACH YOU THE REST! WE ARE LOOKING FOR:

  • Well-rounded individuals who can successfully demonstrate their alignment to our purpose and values. 
  • You will be adaptable, a critical thinker, innovative and motivated. 
  • You have a consultative approach, strong communication skills and will use your customer service experience to build strong relationships. 
  • You’re highly analytical with the ability to translate complex financial trends into business opportunities. 
  • You’re able to succeed in high-pressure environments and can work as part of a high-performing team 

WORK IN A WAY THAT WORKS FOR YOU  

We’ve re-invented how we work. We’re giving our employees flexibility in how, when and where they work.  

As one of the best places to work in Australia for flexibility, we are committed to creating a workplace for our people that allows us to be more connected to each other. We are dedicated to finding more balance between work and home as we understand that this leads to increased innovation, productivity, and better business outcomes. Visit our website to learn more. 

WHAT YOU NEED TO KNOW:  

  • You are an Australian citizen or Australian permanent resident at the time of your application (essential);  
  • You are a New Zealand citizen already residing in Australia, and an Australian resident for tax purposes at the time of your application (essential);  
  • You are in your penultimate year (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); and  
  • You are achieving at least a credit average across your university degree (essential).  

Work rights

The opportunity is available to applicants in any of the following categories.

Work light flag
Australia
Australian CitizenAustralian Permanent Resident
Work light flag
New Zealand
New Zealand Citizen

Qualifications & other requirements

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

Degree or Certificate
Qualification level
Qualification level
Bachelor or higher
Minimum grade
Minimum grade
65 WAM or Percentage
Study field
Study field (any)

AND

Penultimate year student

Hiring criteria

  • Experience requirementNo experience required
  • Working rights
    Australian Citizen
  • Study fields
    Business & Management
  • Degree typesBachelor or higher
  • Minimum grade
    65 WAM or Percentage
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Reviews

user
Graduate
Sydney
5 months ago

Client meetings, speaking with the frontline team regarding client files, administrative work

user
Graduate
Melbourne
5 months ago

It will vary depending upon what department/business unit you are in. However in my circumstance I am an Graduate/Analyst; my daily task involve morning emails, attending to applications and strategy papers, lots of meetings, some longer one rife with information or short ones to provide updates. Then after a lunch with the team it is back into credit writing. Then finishing off the day with emails. There is always time for a coffee run with the team and some good quality banter.

user
Graduate
Sydney
5 months ago

My role involves balancing business and customer needs in innovative and strategic ways. Day to day, I work on projects that involve uplifting certain aspects of the CBA App. I also work towards my graduate development goals to ensure I make the most out of this experience.

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About the employer

CBA Alpha 1 Primary Beacon RGB 50px@3x.jpg

Commonwealth Bank

Rating

4.3

Number of employees

1,000 - 50,000 employees

Industries

Banking & Financial Services

A brighter beginning for your career.

Pros and cons of working at Commonwealth Bank

Pros

  • Work-life balance and culture.

  • The vast amount of opportunities in the field of technology can help you upskill and keep motivated.

  • The people at CBA are extremely welcoming and talented.

  • Flexible working style and arrangements.

  • Clear investment in the technology area. This supports graduates in this area significantly.

Cons

    • As the company has the head office in Sydney, most of the teams are located there. If you are based in other cities, you may not have anyone in your team around you.

    • There is a level of competitiveness I find specifically in the Grad program cohort.

    • Limited career progression.

    • The over-importance of networking. You may not get as far as being 100% your authentic self.

    • With CBA being such a large organization, it can sometimes be difficult to navigate the ecosystem and find the right person who can help.