Payments Policy - Graduate Development Program null

The Australian payments landscape is changing rapidly. Businesses and consumers are more reliant on electronic payment systems than ever before, and new technologies and new participants in the payments system are raising new policy issues. At the same time, the resilience of payment systems and financial market infrastructures is an area of heightened focus for regulators. These usually unseen arrangements play a crucial role in the economy and financial system and disruptions can have wide-reaching effects.

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 the stability, efficiency and competitiveness of the payments system. We also have a formal regulatory role to ensure that the infrastructure supporting the clearing and settlement of transactions in financial markets is operated in a way that promotes financial stability.

Start your career in Payments Policy and you will:

• Assess the changing pattern and cost of consumer payments, such as the use of mobile wallets.
• Undertake frontline supervision of critical financial market infrastructures.
• Support international work to make cross-border payments cheaper, faster and more inclusive.
• Shape the future of money by exploring the case for new digital forms of currency.
• Have direct engagement with regulated entities, the broader payments industry and government.
• Complete your 2 year Graduate Program within the Payments Policy team
• Influence the RBA’s payments system policy, which affects the lives of all Australians.

Assessment Criteria

• We're looking for dynamic, motivated graduates who are interested in promoting the stability, efficiency and competitiveness of the payments system and safeguarding the stability of Australia’s financial system.
• You should be a strong communicator, a collaborative team player, and driven to support good policy and supervisory outcomes for Australia.
• You hold or are completing a degree with strong achievement in economics, law, or another commerce or STEM field.
• Completion of a significant research project (e.g. honours or capstone) is desirable.
• You hold Australian permanent residency or citizenship, or New Zealand citizenship.
• Include a cover letter with your application, indicating your interest in contributing to this important area of 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, well-being 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, those with a culturally and linguistically diverse background, those living with a disability and people from the LGBTQ+ community. We are committed to making the recruitment process fair and equitable for all our candidates.