About The Role

Shape payments system policy
Support oversight of critical financial infrastructure and strengthen crisis preparedness
Contribute to improving the safety and resilience of the Australian financial system

Join a high-performing team responsible for supervising providers of critical financial market infrastructure and managing risks to the continued provision of cash distribution services. We are looking for motivated people with experience in one or more of the following areas:

public policy or regulation, particularly relating to critical infrastructure
supervision of entities in the financial system, including banking, financial markets, post-trade, superannuation or other financial services providers
economic analysis, particularly in relation to the financial system
financial markets or payments.

About the team

The Clearing and Settlement Supervision Section is part of the RBA’s Payments Policy Department. It is responsible for oversight and supervision of entities that provide critical financial market infrastructure underpinning the majority of financial market transactions in Australia. The Section is also developing strategies to manage risks to the continued provision of critical cash distribution services.

The Payments Policy Department is responsible for the RBA’s payments system policy, regulatory and oversight functions. We help the RBA meet its objectives of promoting competition and efficiency, improving the safety and resilience of the payments system and safeguarding the stability of Australia’s financial system.

About the role

We have opportunities related to both supervision of financial and operational risks at clearing and settlement facilities, and policy development related to the cash distribution industry. Successful candidates will initially work in one of these areas, with opportunities to contribute across the team over time.

Your role could include

analysing complex issues affecting the safety and resilience of Australia’s payments and financial systems
developing policy and supervisory responses to identified risks
strengthening crisis preparedness related to critical cash distribution services and financial market infrastructure
engaging with regulated entities, industry participants, and other stakeholders
collaborating with other areas of the RBA and government agencies.
communicating advice on policy and supervisory priorities to the RBA’s leadership team and the RBA’s Payments System Board

About you

To be successful you will have

excellent critical thinking skills to assess information, identify patterns and develop policy or supervisory responses to complex issues
the ability to work collaboratively within a multidisciplinary team and with other government agencies
the willingness to speak up where you see issues, including to communicate expectations to regulated entities
outstanding written and verbal communication skills
good organisational and time management skills, including an ability to adapt quickly to changing priorities
previous experience in regulatory or policy development roles would be desirable.

Your application should address how you could apply your skills and experience to policy, regulatory and crisis preparedness work.

Be More

Working for an organisation that truly makes a difference to the people of Australia, we can offer development and career opportunities in a collaborative environment that supports your growth, wellbeing and promotes flexibility. Your individual growth and success drive the RBA forward as an organisation. Be more means you can do more, for yourself and for Australia.

Why RBA?

The RBA makes an important contribution to the Australian economy through the pursuit of national economic policy objectives and associated activities in financial markets and banking. We also issue Australia's banknotes and operate infrastructure critical to the payments system, all of which contribute to the welfare of the Australian people. Made up of specialists across a wide range of fields, our people, values, and culture play a critical role in achieving our objectives. Striving to be Open & Dynamic, we consider and incorporate different perspectives, work across teams and are transparent with each other, whilst delivering quality together effectively and focusing on outcomes by prioritising, testing, learning, and refining as we go. Our people conduct themselves with a high degree of integrity, while striving for excellence in the work they perform and the outcomes they achieve. We encourage intelligent inquiry and we treat one another with respect while promoting the public interest through our efforts. We know it is the growth and success of our people that drives the RBA forward. Come and make a bigger contribution while you build and develop your own skills too, because being more means you can do more, for yourself and for Australia.

The Reserve Bank of Australia is committed to equity, diversity and inclusion through key initiatives. We welcome and encourage applicants from diverse backgrounds to apply, including Aboriginal and Torres Strait Islander peoples, culturally and linguistically diverse background, those living with a disability and from the LGBTQ+ community. We are committed to making the recruitment process fair and equitable for all our candidates.