2027 RBA Payments Settlements Graduate Program - Risk and Compliance Specialisation

The 2027 Payments Settlements Graduate Program with the Reserve Bank of Australia (RBA) is a two-year program that provides comprehensive training and development designed to progress your career.

Our Graduates contribute to the RBA’s management and operation of critical financial infrastructure for the Australian economy.

About the role

We are seeking a graduate to join us in a Risk and Compliance role, supporting the Payments Settlements (PS) team to uplift our risk culture and progressively mature our risk management practices.

Reporting directly to the Senior Manager Line 1 Risk & Compliance, this role will support the PS team to deliver our business objectives whilst effectively managing our material risks, also ensuring that we stay ahead in an ever-evolving risk landscape.

As a graduate you will:

• Contribute to the team’s work in coaching department team members to own or drive our risk agenda.

• Help department members to identify and assess risks to support the achievement of business objectives.

• Aid the team in coaching and advising on the development of controls to mitigate material risk exposures.

• Support proactive consideration of the risk and control implications of change activities to drive timely and cost-effective incorporation of future controls.

• Provide risk advice in the assessment, root cause analysis and remediation of operational risk incidents.

• Monitor and report on the effectiveness of the department's risk management practices, highlight gaps and escalate as required.

• Support the department’s implementation of the RBA’s risk and compliance management framework.

• Complete a structured training program alongside graduates across the Bank, while gaining dedicated Payments Settlements training and development.

Selection Criteria:

• Interest in supporting a business to strengthen risk culture and risk management practices.

• Interest in exploring a Line 1 or Line 2 operational risk and compliance role within Financial Services.

• Value an understanding and an opportunity to work with a business to practically apply risk and compliance management frameworks, policies and standards. 

• Recent or current completion of a commerce, business administration, legal, compliance or analytics type of degree with high academic achievement.

Selection Process:

• Apply by uploading your resume and most recent academic transcript

• Complete our online application form

• Selected candidates will be asked to complete an online assessment which includes a video interview and a questionnaire component.

• First interviews will be conducted virtually

• The second and final interviews will be held at 8 Chifley Square, Sydney in either late June or early July.

For further information about the RBA and the Payments Settlements Graduate Program, please visit our website: Payments Settlements | Students and Graduates | Careers | RBA

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.

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