NAB creates 600 tech jobs

NAB

NAB has announced it will hire 600 technology specialists as part of its strategy to fill 2,000 digital-focused jobs by 2020.

In order to cater to the “changing needs of customers”, NAB will seek to fill 600 newly created positions in software engineering, data, architecture and security, according to a statement.

The hiring spree is part of NAB’s broader strategy to hire 2,000 in newly created technology-focused roles, while in the same breath divesting 6,000 full-time roles as the bank seeks to “further automate and simplify [the] business”, it said in its full-year results summary.

NAB chief technology and operations officer Patrick Wright indicated that technology and digitisation were priorities for the bank.

“This significant investment will help change the way we provision technology services, which is critical to delivering more effectively to balance innovation with resilience, and speed with security,” he said.

“We want the top talent in the industry to come and join us, as we change dramatically to become the very best bank we can be and give our customers the products and services they demand and deserve.

“We know this is an ambitious target and acknowledge the war for talent is intense, but these are the essential skills and roles we need in order to deliver our plan.”

Mr Wright also acknowledged the challenge fintech firms posed to traditional incumbent financial institutions.

“We understand what the fintechs across the world are doing, and we think we can do better, but we need to move now, invest in the right systems and people, and change dramatically,” Mr Wright said.

NAB has already made moves to change the faces of leadership of its digital and technology teams, announcing two new executive hires.

Formerly digital CIO at HSBC Group London, Yuri Misnik will step into the newly created role of executive general manager, business enabling technology, while Scotiabank executive Kyle McNamara moves to NAB as executive general manager of program management office.

Mr Misnik will lead all business-facing technology teams, while Mr McNamara will oversee NAB’s “change activities across the franchise”.

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