Head of Reward

• Strategic leadership role with impact across the Bank

• 5-year max-term contract based in Sydney CBD with flexible hybrid working

• Opportunity to shape enterprise-wide remuneration strategy to support strategic goals

About the Role

We’re seeking a strategic and experienced reward leader to join the Reserve Bank of Australia as Head of Reward. Reporting to the Chief People Officer, this senior leadership role will take carriage of the development and execution of the Bank’s reward strategy. You will oversee a high-performing team and provide expert guidance to senior stakeholders, ensuring our reward frameworks are competitive, compliant, and aligned with the Bank’s strategic objectives.

About the Team

As Head of Reward, you’ll lead a team of expert reward specialists who are trusted, accountable partners to the business. You’ll collaborate across the People Department to deliver impactful solutions for the Bank and its people and contribute as a member of the RBA People Leadership team.

Key Responsibilities

You will develop and implement enterprise-wide reward frameworks that support business strategy and workforce needs whilst delivering data-backed solutions to influence outcomes at Executive and Board level.

Further to this, you will:

• Provide expert advice on remuneration governance, compliance, and regulatory matters

• Deliver data-driven insights to support executive decision-making and continuous improvement

• Influence senior stakeholders and the Executive on strategic reward matters

• Monitor market trends and introduce innovative approaches to employee recognition and experience

• Lead, engage and inspire a high-performing team within the Reward function, fostering an inclusive and open work environment.

About You

You are a seasoned senior reward professional with a track record in delivering fit-for-purpose reward programs that support organisational goals. We would like to speak with candidates who demonstrate:

• Deep expertise in reward strategy, remuneration frameworks, benefits, and governance

• Proven experience leading annual remuneration reviews and salary benchmarking

• Strong commercial acumen and the ability to translate business strategy into effective reward solutions

• Exceptional stakeholder management skills, with the confidence to influence at Executive and Board level

• Analytical mindset with the ability to interpret complex data and present clear, actionable insights

• Experience leading teams and building capability across reward and broader HR disciplines

• Tertiary qualifications in HR, Business, Finance, or a related field

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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