Manager of Review of Retail Payments Regulation

Manager of Review of Retail Payments Regulation

This role is to lead the RBA’s comprehensive Review of Retail Payments Regulation, in the context of reforms to the Payment Systems (Regulation) Act that would broaden the scope of the RBA’s payment system regulatory powers. The purpose of the Review is to identify and explore payments policy issues and formulate potential regulatory actions to address those issues consistent with the RBA’s broader regulatory remit. The manager leads the Bank’s consultation, and the development and implementation of the Review findings, through engagement with RBA teams, industry stakeholders and other regulators. The manager will be supported in the Review by RBA staff. Key deliverables would include:

• Publication of issues papers to launch consultation with industry and other stakeholders on what regulatory issues the Bank should focus on
• Publication of consultation papers with draft regulatory reforms for consultation with industry
• Publication of conclusions papers with the final regulatory reforms
• Development of implementation plans for agreed regulatory reforms and handover to RBA teams.

This role is an opportunity to demonstrate and develop a range of skills, particularly related to regulatory reform and policy development, project management and collaboration, and stakeholder engagement.

This position reports directly to the Head of Payments Policy and involves opportunities to present to the Payments System Board to seek endorsement on the Review recommendations and implementation plan.

Your background

Given the broad impact of the Review, you will need to have:

• Well-developed people leadership and influencing skills, and the ability to drive consultation to reach outcomes
• Excellent stakeholder management skills which you can adapt to the specific circumstances of regulatory/supervisory work
• The ability to write clearly and succinctly, with the intended audience in mind
• Proven ability to work collaboratively with external regulatory agencies and teams across the RBA
• Demonstrated ability to judge what issues are most important and to reprioritise quickly as circumstances change
• Experience in managing a project from commencement to implementation
• An ability and willingness to champion, drive, and communicate change initiatives across functions within the RBA
• A working knowledge of the Australian payments system

Your team

The role is in the RBA’s Payments Policy Department, which 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.

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 drives the Bank forward as an organisation. Be more means you can do more, for yourself and for Australia.

Why RBA?

Through the pursuit of national economic policy objectives and associated activities in financial markets and banking, the RBA makes an important contribution to the Australian economy. We also issue Australia's banknotes and operates 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 have a critical role to play in achieving these objectives, whether directly or in a supporting capacity. As a values driven organisation, 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.  

Your application should include a resume detailing your experience and qualifications.

The Reserve Bank of Australia is an equal opportunity employer.  We are committed to creating a diverse and inclusive workplace and encourage applications from experienced candidates seeking workplace flexibility.

Few places give you the balance of professional challenge and a management culture that not only supports but encourages you to live a full life outside of work and be more.