• Key senior analyst role within PS that directly contributes to the strategic development and innovation of the Bank's critical payments, ensuring it remains secure, stable, and efficient in the face of a rapidly changing payments landscape.
• Be more, have an impact and make a difference.

Do work that makes a difference

As a Senior Analyst in the Business Delivery and Analysis section of Payments Settlements department you will gain a unique and interesting insight into this critical operational function of a central bank. You will contribute to the important research, analysis, and strategic planning it takes for Australia's real-time gross settlement system RITS to achieve the Bank's policy objectives in the face of a rapidly changing payments landscape.

Your background

• At least 3 years relevant work experience.
• Knowledge of payments clearing and settlement, and associated developments in Australia and overseas.
• Knowledge of the Australian financial system.
• Strong interpersonal skills to influence, collaborate and communicate strongly with key stakeholders across the Bank and externally.
• Ability to handle sensitive and confidential information is essential.
• A degree with strong achievement in economics, and/or in another Commerce or STEM field.

Your team

Payments Settlements Department is responsible for the operation the Reserve Bank Information and Transfer System (RITS) and its Fast Settlement Service (FSS), the day to day management of Exchange Settlement Accounts and the and back-office settlement of transactions arising from the Bank's open market operations and reserves management trades. The Department also provides a low-value clearing service to payments system participants for the exchange of cheque and direct entry payments.

As part of Business Development and Analysis you will help formulate and implement wide-ranging business decisions covering topics such as business strategy and innovation, cyber resilience and industry contingency arrangements. You will:

• research and analyse payment trends and industry developments that help shape the RBA's settlement services
• determine business objectives and requirements for RITS services to ensure they meet international standards and the needs of the Australian payments system
• work with other areas of the RBA on a diverse range of matters including payments innovation and regulation, liquidity facilities, financial stability and technology
• use your analysis to identify opportunities and formulate recommendations about the strategic development of RITS
• supervise and assist analysts to produce high quality papers and present briefings to key stakeholders
• liaise with internal and external stakeholders as required, including domestic financial institutions and payment services providers and other central banks

We're looking for dynamic, motivated individuals who are interested in being part of this critical role of the central bank supporting payments systems and enabling the flow of money in the economy. You should be a strong communicator, a collaborative team player, and driven to support good payment system outcomes for Australia.

Including a cover letter with your application is highly recommended.

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 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.