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About us / Careers / Institutional Banking & Markets / Career Transition Program - CommBank

Applications for our 2022 IB&M Career Transition Program are now closed. Successful candidates will begin their Program in February 2022. You can search and apply for other roles.

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About the Program

  • Our Career Transition Program is a paid Program for professionals who are seeking a pivot in their career and want to experience a rewarding pathway within Institutional Banking & Markets (IB&M). The Program is open to individuals with 2-6 years’ professional experience practicing Law, Finance, Accounting, Consulting, Engineering or Mathematics.

    Run over 12 months, candidates will join the Program at the Senior Associate level and experience 2 x 6 month rotations in a business area aligned to their interests.

    At the completion of the Program, candidates who have demonstrated their abilities and motivation to succeed will be eligible to apply for a permanent Senior Associate position. 

What's involved?

    • A 12-month Program on a paid fixed-term contract, with the opportunity to step into a permanent position at the end of the Program
    • 2 x 6 month rotations in a business area aligned to participants skills and interests
    • A comprehensive 3-week induction with industry-specific skills training
    • Participants will have the support of an Executive Director mentor, who will guide and develop you through your rotations
    • You will be paired with a buddy to share your experiences through the Program
    • Monthly lunch and learns with different speakers on a range of topics from sustainable finance to mindfulness to career pathways and much more
    • Fantastic networking opportunities across both IB&M and the broader Bank
    • The opportunity to work in a way that suits you. We have a range of flexible work arrangements to explore. 

Eligibility criteria

This Program is designed for people who:

  • Have 2-6 years of relevant professional experience practising Law, Finance, Accounting, Consulting, Engineering or Maths
  • Are commercially astute and possess a strong interest in, and knowledge of, current market/industry issues
  • Have a positive attitude coupled with a strong work ethic, adaptability to change, curiosity to learn and eagerness to pursue personal development
  • Are Sydney-based and have permanent Australian working rights
  • Possess a relevant University degree

Roles available

  • Participants in the Career Transition Program will have the chance to work across the wide range of teams within IB&M. Each participant will work with a dedicated mentor and program manager to identify their teams of interest for the 2 x 6 month rotations.

    IB&M made up of our Global Client Solutions (GCS) and Global Markets (GM) business, which are both supported by our Chief Operating Office (COO), Quants, Data, Analytics & Tech (QDAT) and Non-Financial Risk & Conduct (NFR&C) teams.

  • Global Client Solutions

    GCS within IB&M leads banking relationship management and provides transaction banking, risk management and capital solutions to their clients. The team’s purpose is to provide IB&M clients with solutions across the financing spectrum to support their strategic objectives. 

    GCS operates across five ecosystems:

      1. Future Cities powered by Smart Networks: Real estate, infrastructure, utilities, telecommunications, technology, media and health. 

      2. Intelligent Finance: Funds, diversified financial institutions, insurance, private equity.

      3. Future Resources: Oil and gas, mining, renewables.

      4. Efficient Supply Chains: Agriculture, manufacturing, logistics and retail. 

      5. Connected Services: Banks, government and education.

    GCS also has a dedicated Sustainable Finance / ESG team and Transactional Banking Solutions that partner with each of our teams, who are all supported by the GCS COO. 

  • Global Markets

    GM is responsible for all the Bank’s sales and trading activities within global financial markets.   They work hand in hand with GCS across all ecosystems to help our clients navigate financial risks, manage portfolios and optimise their performance.

    Global Markets offerings include all Foreign Exchange, Commodities, Fixed Income and Interest Rate products; all supported by the Chief Operating Office (COO).

    • Global Capital Markets: Origination and execution of syndicated loans, debt capital markets, securitisation and agency services.
    • Global Syndicate: Responsible for distribution of public market fixed income securities to investors in Australian, New Zealand, US, UK, European, Hong Kong and Singaporean markets.
    • Credit Portfolio Management: Manage credit risks effectively to drive portfolio and client outcomes.
    • Sales: Comprised of specialised sales teams focusing on bonds, foreign exchange, interest rates and credit.
    • Trading: Comprised of specialised trading teams focusing on bonds, foreign exchange, interest rates and credit.
    • Commodities & Trade Finance: Sales and trading across the full spectrum of commodities, including agriculture, energy and metals.
    • Quantitative Solutions: Focusing on the pricing and risk analytics and technology of the trading floor.
    • Markets Business Oversight: Responsible for the processes and values surrounding sales and trading activities.
    • Global Markets Chief Operating Office: An enablement function that manages strategic projects, the investment portfolio, change management and business management function for the Global Markets business.

  • Other IB&M teams

    Opportunities are also available within our QDAT function. Our QDAT function combines key technical capabilities to drive the IB&M strategy. It includes a range of teams including portfolio and client analytics; quantitative solutions and quantitative infrastructure; global Economics and Markets Research; IB&M Data Office; Project Management Office; and Systematic Markets.

    There are also opportunities within in our IB&M NFR&C team, which is a central, Line 1 team of risk professionals supporting IB&M to achieve better risk and customer outcomes. The team supports the global IB&M business to identify and manage non-financial risks, comply with regulatory obligations, and embed a customer centric and market integrity approach to activities.

How to apply

  • Step 1: Apply online

    Submit your resume and a one-page cover letter answering the following questions:

    1. Why are you attracted to the banking and finance industry?  Which areas are of particular interest to you? 
    2. What’s a recent career success you’re proud of? Why?
    3. What attracts you to CommBank as an employer? 

    If you're already part of the Commonwealth Bank Group (including Bankwest), you'll need to apply through Sidekick to submit your application.

    Online applications are now closed.

  • Step 2: Telephone discussion

    If it looks like you are passionate and may have the relevant experience we’re looking for, we’ll call you to have a chat about your application and invite you to interview with us.

  • Step 3: Interview

    Your interview process will involve 3 x 30 minute panel discussions with selected representatives from IB&M. Interviews will be held in early December 2021.

  • Step 4: Offer

    Successful candidates will receive news of their offer by mid-December 2021.  

  • Step 5: Program starts date

    The Program will start in mid-February 2022

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