After moving around during my childhood with my dad’s work, I ended up at Wollongong University, completing a combined degree in Science(Physics) and Commerce (Economics).
I participated in the Summer Intern program at Deutsche Bank over my final summer break at University. I was asked to reapply and was successful in being accepted into the then Operations graduate program.
At the completion of the program I moved into my permanent and current role, supporting the Private Wealth Management (PWM) business. I’m responsible for all operational type tasks, such as portfolio reporting, trade settlement and cash payments. I also take a leading role in project work and process development.
What is a typical working day like for you at Deutsche Bank?
It’s clichéd (and perhaps clichéd to mention it’s a cliché), but there is no typical day. Though there are some regular daily tasks which are performed first thing, the rest of the day variously immensely. Each and every day can and usually does involve dealing with client queries (with the ‘client’ being either accountants, the business, other areas of the bank or the end client themselves), process improvement projects, training or corporate action research.
What ongoing training, development and opportunities for growth does Deutsche Bank offer for their graduates? Did you rotate around the bank during your time as a grad? How was the experience?
The graduate program for Deutsche Bank is world class. The specifics of the program vary between the division you are hired into so I encourage you to refer to the website or contact the HR department direct.
My program lasted two years; with three formal rotations throughout a part of the division now know as Global Business Services (GBS). Rotations generally do not occur across divisions. Moving around periodically had some great points and I’d consider it a positive experience. I was able to expand my network and my knowledge in areas that without the rotations I wouldn’t have been able to. Possibly the most important training is learning about all the acronyms, something that is ongoing to this day.
How would you describe your team? What are they like?
I’m a part of a small team in PWM GBS, a larger team for PWM as a whole as well as the wider GBS team. Overall there is a wealth of experience across all the areas, with some people having 20+ years service. However, there is a flat management style across all the Deutsche Bank teams that as a junior member is amazing. Everyone is approachable, ready to share their knowledge and extremely professional. The client always comes first.
What aspects do you enjoy most about your job?
The ability to help people make important decisions about their financial future. Financial security is important to everyone and I enjoy being able to positively impact upon people in helping them achieve their financial goals.
What are the most challenging aspects about your job?
The PWM client base consists of high net worth individuals, family offices and other accounts, each with individual requirements; consequently we offer a highly specialized, somewhat bespoke business. This means for me that everyone stakeholder wants their something now. The challenge for me is to balance out the priorities, manage the expectations of them and to deliver to match their needs in a reasonable time frame.
What advice do you have for university students who are interested in securing a similar role as a graduate?
A Deutsche bank graduate is a well rounded individual. Academic results are important, but not the end game. Students looking to apply to the graduate program should be able to draw from a wide range of experiences. Paid and volunteer work, sporting and hobby clubs and other social groups as well as your university studies should all play a role in your application.
What are some of your interests and hobbies outside of work? Have you done anything exciting recently?
Amateur hockey player and armchair critic of most sports.
What would be your ideal way to spend a holiday?
Food. A week long cooking and eating tour throughout anywhere in the world would be amazing.
Your most valuable lesson learnt so far?
It’s easier to ask forgiveness than permission. Have a go.
Thanks for doing the interview Anthony. Do you have any final words of advice for our readers?
My university years were some of my most enjoyable. Get involved in everything. Meet new people every week. Take advantage of the lifestyle. Have fun!
