Posted: 22 Feb. 2021 05 min. read

Meet Nick, Risk Advisory Grad in Sydney

Day in the life of a Deloitte Grad

Meet Nick, a Risk Advisory Graduate in Sydney. Working in our Financial Risk & Regulatory team appealed to Nick, to develop on his technical skills in modelling as well as having him regularly working with clients. 

Nick completed a BA Mathematics & BA Science at the University of Newcastle.

Meet Nick Cain, Risk Advisory Graduate in Sydney

Nick, tell us about your role at Deloitte and what it involves?

I'm an Analyst in the Financial Risk and Reg team. The team does a lot of work with credit risk models and advisory around components of the credit life cycle. As a result, the clients we usually work with are banks, small lenders, telecommunication companies and utility companies.

The work can be quite varied. Some projects involve the construction of statistical models and other projects may involve the review of the loan process itself. Though in all projects there is a big emphasis on presenting your work and interacting with the client. My role involves quite a bit of data analysis, building statistical models as part of a team, construction of final reports and assisting in the presentation of data to our clients. 

The team appealed to me in particular as I wanted to have a job where I could develop my technical skills such as modelling, while still being able to interact with and present to clients regularly. I was pretty terrified of being stuck in a job where I would just code all day without speaking to anyone. This job is the perfect blend being technical and interacting with people and I feel like I get the best of both worlds in this team.

How has the graduate program supported you in launching your career? 

The Deloitte graduate program has helped me discover the areas of risk that I'm truly interested in. The program has also provided training specific to my business unit, to help me better understand the field I work in. It's also helped me understand the key technical skills I need to succeed in this field. Deloitte has supported me through any additional certifications I pursued that would improve my technical skills.

What work have you been most excited by since starting at Deloitte?

I think the magnitude of the projects we work on is extremely exciting. Some projects I have worked on are of real significance and are for very high-profile clients.  It is very clear to me the work we do has a direct and positive impact on our clients and the customers of our clients.

Follow Nick as he takes us through a day-in-the-life in our Risk Advisory team! 

5:00 am: 

My alarm goes off and I get out of bed to get some caffeine into my system. This morning I head out for a 40-minute jog while listening to a podcast. When I get home I get changed, eat some breakfast and plan out what I have to do for the day (while watching the Liverpool game that is currently on live – they won!)

Out for a run before work!

7:30 am:

I walk to the train station which is conveniently only a few minutes away. The overall commute to the office from door to door takes a little over 30-minutes. I usually read the AFR on my phone to catch up on some news on the way in. When I get into the office, I start loading the files I need for the first few tasks on my to-do list and grab a coffee from the kitchen.

8:30 am:

I usually like to spend the first couple of hours of the day doing any complex tasks I have while my mind is still feeling fresh. Starting early usually means I can get a bit done without too many emails or Teams messages flooding in!

Our team does a lot of work with credit risk models and advisory around components of the credit life cycle. As a result, the clients we usually work with are banks, small lenders and telecommunication companies.

Today I am working on a final report that details some retrospective data analysis we did for a client. We are providing them with some of the code I wrote so I am making sure everything is running as it should and commenting/cleaning bits of code to make sure it is easy to understand and read. We are also sending some data analysis in an excel workbook to the client, so I spend some time explaining key trends we found in the data and making it easy to navigate.

10:30 am:

I catch up with one of the summer interns from Melbourne (via MS Teams) who is working on the project with me, to catch each other up on the work we have done this morning and to rehash what needs to be done today.

After the meeting I grab a snack and chat through the details of a model one of the Sydney summer interns is working on. When I get back to my desk I start re-reading the draft of the report I wrote at the end of last week. I find looking at final reports with fresh eyes can be helpful and drastically improve the outcome. After making some changes I spend some time working on the aesthetics of the report and confirming the numbers align with the analysis that was conducted.

12:30 pm

Lunch time! I heat up my lunch and eat with some of the interns that are in the office. The office hasn’t been at full capacity for a while due to COVID-19, so it’s great to have people to chat with at lunch!

Not a bad view from the desk

2:00 pm

I send the draft of the report and the analysis that was conducted off to the Partner and the Director of the project so that they can review the work. Then I switch to another project I am on where we are doing some model monitoring for the client. This involves reporting on key metrics on a model to ensure it is performing as it should. It’s important to do this as it indicates when a model may need to be calibrated or rebuilt all together. I spend some time working on a presentation we are delivering to this client in two days. After this I talk through a current issue in the data with a colleague.

5:00 pm

After receiving some feedback on the draft report, I start making the relevant adjustments. This pretty much takes me to the end of the day. I head out of the office and catch the light rail to Moore Park to play mixed netball with some friends. After that it’s time to go home and cook dinner and relax. That’s enough excitement for one day!

What inspired you to go into STEM?

I went into STEM because I enjoyed problem solving. I wanted to pursue a PhD in medicinal chemistry for a long time and after a while I discovered that what I was actually most interested in was solving difficult problems. STEM training also provides you with a unique analytical skillset that can be applied in fields beyond the sciences.

Why would you encourage students in STEM to work at Deloitte?

STEM students have a set of analytical skills that can to be applied in a variety of roles at Deloitte. Personally, I found my STEM background (in Statistics and Chemistry) extremely helpful. Sometimes in academics the impact your work is having be unclear. At Deloitte you can use your unique analytical skillset to make an impact that matters.

What tips could you share about applying for Graduate roles, and navigating the recruitment process?

I would encourage people applying for graduate roles to make sure they're able to explain why they're passionate about the role they have applied for. They should be able to explain why they are well suited for the role and the business area they are applying for. Lots of people have similar skillsets, so it’s the personality that sits alongside those skills that matters. It’s important to be yourself during interviews and be conversational.

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