Associate, Financial Institutions Group

Westpac Group•New York, NY

19h•$80,000 - $110,000•Onsite

About The Position

We are Australia’s first bank and oldest company, and one of four major banking organisations in Australia. This opportunity sits in our New York office working for Westpac Institutional Bank (WIB), the division of Westpac, which services the needs of our corporate, institutional, and governmental clients. Customer Insights & Analytics (CI&A) is responsible for preparation of high-quality analysis and credit submissions to support sustainable great credit decisions, delivery of best-in-class customer and industry insights to differentiate our sales proposition, and portfolio risk management within a wholesale banking environment. CI&A consists of specialist teams (reporting into the Westpac Institutional Bank (WIB) coverage operating model) who manage wholesale customers within defined industry verticals and/or sub sector hubs. These hubs are structured to optimise industry and customer expertise and insight globally, while embedding decision making and aligning analyst resourcing to appropriate complexity. CI&A is focused on the creation and maintenance of a framework to ensure there is genuine collaboration and information sharing across the Westpac Group and continuous improvement in processes and practices for customer and industry risk management. Based in New York, the Associate will be a junior member of the FI and NBFI analyst team and a member of the global Financial Institutions & Government CI&A team reporting to the Director, CI&A, Corporate & Institutional Banking, International based in New York, USA. The primary focus of this role will be: To assist in the preparation of credit submissions including certain sections of risk analysis, assessment and recommendations for Fund Finance/Subscription Finance secured transactions; to support the submissions of credit applications through WIB’s risk management decision process. In addition, coverage of other corporate/NBFI customers relevant to the specific geography may be required from time to time. To assist the team covering a portfolio of existing and new to bank FI, NBFI and Financial Sponsor clients focus on Subscription Finance and Financial Markets product related exposures, including but not limited to performing transaction due diligence, covenant monitoring, exposure tracking and reporting. Help update and maintain accurate records for both new to bank and existing relationships. Participate in ad‑hoc analysis, reporting, and project tasks that support the team’s broader mandate. You’ll be joining a highly supportive and collaborative team with international coverage during a period of Group Executive backed growth plans for WIB and specifically the CIB Business. In this role, you’ll gain broad exposure and support in a hybrid position that spans corporate lending, fund finance, and syndications. You’ll be working in a collaborative and supportive team and work with senior stakeholders across our international offices. Westpac in NY offer comprehensive range of benefits including flexibility and various leave entitlements. This includes generous annual leave entitlement with purchase leave options, 100% employer funded Private Medical Insurance, and participation in a 401(k) plan with profit share contributions. The fixed pay range for this position is $80,000 for early‑career candidates up to $110,000 for those with 1–2+ years of relevant experience, plus bonus

Requirements

Applying credit risk acumen to support the maintenance, development and growth of our Northern Hemisphere NBFI/FI and Financial Sponsor relationships while maintaining high credit standards
Ensuring that all relevant aspects of the credit process, including required due diligence and ongoing monitoring, are properly executed covering both new to bank and existing customers.
Undertaking various portfolio surveillance and monitoring activities as required
1-2 years of experience in financial analysis, credit or related banking field.
Understanding of financial statements and fundamental credit concepts.
Familiarity with institutional credit approval processes; ability to manage deadlines, follow established processes, and have high attention to detail.
Strong analytical capabilities and proficient in Excel.

Nice To Haves

Exposure to subscription finance, fund finance or private capital markets is a plus.

Responsibilities

To assist in the preparation of credit submissions including certain sections of risk analysis, assessment and recommendations for Fund Finance/Subscription Finance secured transactions; to support the submissions of credit applications through WIB’s risk management decision process. In addition, coverage of other corporate/NBFI customers relevant to the specific geography may be required from time to time.
To assist the team covering a portfolio of existing and new to bank FI, NBFI and Financial Sponsor clients focus on Subscription Finance and Financial Markets product related exposures, including but not limited to performing transaction due diligence, covenant monitoring, exposure tracking and reporting.
Help update and maintain accurate records for both new to bank and existing relationships.
Participate in ad‑hoc analysis, reporting, and project tasks that support the team’s broader mandate.