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Join a team that is building the last line of defence for Australia's critical financial infrastructure
The Payments Policy Department is looking for two Special Advisors in the Clearing and Settlement Section to help deliver a new resolution and crisis response framework.
The Clearing and Settlement Section is tasked with ensuring that the infrastructure supporting the clearing and settlement of transactions in financial markets is operated in a way that promotes financial stability. Clearing and settlement facilities play a critical role in Australia's financial system. A crisis affecting one of these facilities has the potential to pose significant systemic risk. In these roles, you will help to fulfill the RBA's new responsibility to prepare for the management or resolution of a crisis at a clearing and settlement facility.
About the role
You will be part of a multi-disciplinary team of professionals developing the tools and processes required to support and resolve a distressed clearing and settlement facility. You will work with the team to develop strategies to protect financial system stability and be responsible for building the RBA's crisis management toolkit to effectively execute those strategies.
These roles provide the opportunity to shape the RBA's approach to crisis management in a new and rapidly evolving area where global best practice is still emerging. Day-to-day activities include:
- Developing and testing crisis management plans for critical infrastructures
- Leading work to develop robust and legally sound processes and arrangements to deploy crisis management powers
- Collaborating closely with other parts of the clearing and settlement section including supervisors of critical infrastructure and subject matter experts
- Leading engagement with stakeholders including other domestic regulators and critical infrastructures
- Collaborating widely within the RBA including engaging with other areas working on crisis readiness
- Working with RBA executives and the Payments System Board
- Contributing to international policy development in relation to FMI resolution and crisis readiness
You will join a cooperative team of professionals dedicated to public service. Our team is committed to public policy excellence and also to helping our staff grow and thrive in a supportive environment.
About you
We are looking for passionate individuals with deep experience in markets, financial market infrastructures, regulatory practice and/or crisis management to join the team.
To be successful in one of these important strategic roles,
you will be:
- highly familiar with Australian financial markets including critical infrastructure; and/or
- experienced, with a strong track record in the development and application of crisis management or resolution frameworks;
- be results-focussed with a demonstrated ability to drive towards solutions with a high degree of autonomy in a dynamic environment;
- ready to embrace the RBA's "open and dynamic" cultural ambition and to thrive through a time of accelerated innovation;
- an excellent written and personal communicator with strong presentation skills and the ability to manage and coordinate a wide range of stakeholders;
- a team player who will contribute to a committed and collaborative department;
- a person of exceptional integrity, keen to contribute to the Australian community; and
- ideally tertiary qualified and experienced in one or more relevant areas such as economics, financial services, markets, law, regulation and public policy
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
📌 Senior Advisor (Sydney)
🏢 Reserve Bank of Australia
📍 Sydney
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