1 Opportunities for Actuarial Majors in Banking & Finance Vincent Hua Westpac Banking Corporation
2 Education :B E c (Actuarial & Finance) 1993:M E c (Actuarial) 1994:Started a PhD :SIA :FIAA
3 Employment : Programmer, FinancialWare (Vacation job) : Research Assistant, Macquarie University : Treasury Analyst, RABO Bank : Portfolio Manager, Westpac : Senior Manager of Balance Sheet Management, Group Treasury, Westpac 1997-: Head of Asset and Liability Management, Group Treasury, Westpac
4 Current Responsibilities Four main areas of responsibilities: Risk Analysis / Reporting Balance Sheet Risk Management Advisory Management Science Dual reporting line to the Group Treasurer and the Deputy Chief Financial Officer
5 People in ALM The team has 20 people with the following profile : All have undergraduate degrees. 12 have post graduate qualifications. Background includes Accounting, Finance, Mathematics, Economics, Actuarial, Statistics, Information Technology and Econometrics. Usually referred to as “The Centre of Excellence” in the Bank.
6 Other Areas in the Bank Credit Structured Finance Strategy Risk Management Product Development Funding Management Life, General and Superannuation