Team: Industry Insights and Thematics
University: The University of Auckland
Studying: Master of Commerce - Economics
I was originally interested in working somewhere that I was able to use some of the economics that I learnt at university. I also have an interest in finance and thought that the financial stability area of the Reserve Bank would give me a great deal more knowledge about that area.
I have been working on a project around governance practices in registered banks. I learnt a lot about the governance policy applied to retail banks, and I have been investigating the composition of the boards of the largest banks in New Zealand. I completed a report over the summer and have been able to present my work to members of my team and department.
I was also involved in an external meeting with a bank. I was tasked with taking the minutes of the meeting and got to see how supervisors interact with banks. It helped me to understand how the Reserve Bank regulates financial institutions.
I was also part of the indoor football team who are currently second on the table! I played every couple of weeks and it was a good opportunity to meet people from other parts of the bank and to have a good run around. One evening the bank also had a ‘pay-day get together’ which was a great way to meet other people from around the Reserve Bank.
We had an amazing cohort of interns and graduates. I met a lot of extremely intelligent and friendly people which made the internship a lot of fun. Outside of work we had plenty of organised nights out and weekends away. The people that I met and the really inviting and inclusive atmosphere that I experienced made my summer memorable and has made me extremely sad to be leaving Wellington.
The work that you do at the bank is generally very interesting and you are right on the ‘front line’ so to speak. The people around you are the ones that are directly involved with regulating and supervising some of the largest financial institutions in New Zealand, and create policy for the entire financial system. There is a wealth of knowledge at the Reserve Bank and being surrounded by such talented people helps to develop your skills and most of all learn a huge amount.