Economists, regulatory experts, and payments specialists

The Reserve Bank of Australia’s Payments Policy Department is recruiting for several roles to support its payments system monitoring, oversight and regulatory responsibilities. We are open to applications from people with a diverse range of skills, including:

• Economists to undertake research on the Australian payments system and assess the case for and impact of regulatory initiatives.

• Regulators and those with financial sector supervisory experience to oversee the operation of clearing and settlement facilities and payments systems, and help develop and implement regulations that support the Bank’s payments system regulatory responsibilities.

• Payments specialists to help us analyse the policy implications of changes in the payments system and to research innovations in payments such as digital currencies.

People working in these roles may be involved in:

• Formulating and communicating policy advice to the Bank’s leadership team, the Payments System Board and a range of internal and external stakeholders.

• Supervising clearing and settlement facilities and payment systems in accordance with the Bank’s regulatory mandate.

• Drafting papers for the Payments System Board and external publications such as consultation papers, articles and research discussion papers.

• Engaging with stakeholders in the payments industry and other regulators.

Your background

To be successful you will possess:

• strong critical thinking skills to tackle complex policy questions and issues

• the ability to write clearly and succinctly, with the intended audience in mind

• strong oral communication skills

• good organisational and time management skills

• well-developed influencing skills and ability to work collaboratively with a range of stakeholders

• demonstrated ability to reprioritise quickly as circumstances change

Economists will have an economics or related qualification and econometrics, statistical and/or coding skills. Postgraduate study or other research experience would be an advantage.

Regulators will have appropriate legal, financial or other relevant qualifications and/or prior experience in a regulatory role and be able to provide examples of the effective use of regulatory judgment and strategic thinking.

Payments specialists will have relevant domain knowledge and experience in payments issues or the payments industry. Policy development experience and qualifications in economics or a related field would be an advantage.

Your team

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, and improving the safety and resilience, of the payments system.

The payments system enables consumers and businesses to make and receive payments, which is critical to supporting activity in the Australian economy. The Department also oversees the safe operation of clearing and settlement facilities, which are important financial market infrastructure. We also represent the Bank on various domestic and international groups dealing with payments and financial market infrastructure issues.

Much of the work completed in Payments Policy Department is conducted in small teams focusing on particular policy issues or projects. Our teams are highly collaborative and knowledge sharing is encouraged.

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 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 degr