Manager - Financial Risk Supervision

• Lead frontline supervision of critical financial market infrastructures

• Contribute to improving the safety and resilience of the Australian financial system

• Join a collaborative and high performing team

We are looking for a motivated person to lead an energetic team of regulatory supervisors.

About the team

The Clearing and Settlement Supervision Section is part of the RBA’s Payments Policy Department. It is responsible for the regulatory supervision of entities that provide critical financial market infrastructure underpinning the majority of financial market transactions in Australia.

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 competition and efficiency, improving the safety and resilience, of the payments system and safeguarding the stability of Australia’s financial system.

About the role

You will be responsible for leading the teams’ supervision and risk assessment of licensed clearing and settlement facilities. Your role could include:

• Leading the formulation and communication of supervisory recommendations to the RBA’s leadership team, the RBA’s Payments System Board and supervised entities

• Leading the teams’ efforts to assess supervised entities against their regulatory obligations

• Leading supervisory engagement with the supervised entities, including deliverable messages on behalf of the RBA with authority

• Overseeing and supporting high quality financial risk and data analysis, applying knowledge of the RBA’s Financial Stability Standards, to identify and deliver actionable insights for stakeholders

• Facilitating and supporting the team’s maintenance of up-to-date and relevant knowledge of key emerging risks that may impact the financial system

• Leading research and data analysis underpinning policy recommendations and build an awareness of risk exposures at supervised entities and across the financial system

• Leading preparation of high-quality papers for relevant Board and Committee meetings

• Contributing to the development and operationalisation of a crisis management response framework.

About you

To be successful you will ideally have:

• a proven ability to lead a dynamic team and foster a cohesive culture that values open discussion and collegial debate

• effective organisational skills with a demonstrated ability to shift focus and reprioritise in a changing risk landscape

• strong verbal and written communication skills that help to deliver persuasive and effective engagement with executives and those that are not subject matter experts

• the willingness to speak up and have difficult conversations with stakeholders where you see issues, both to ask questions and communicate regulatory expectations to the supervised entities

• a strong understanding of Australian financial markets, including equity and interest rate derivatives markets

• experience with post-trade/financial market infrastructures and regulation; or a relevant tertiary qualification in finance, risk or a related discipline

• excellent critical thinking skills to assess information, identify patterns and develop supervisory responses on complex supervisory issues

• data and technical analysis capabilities to understand financial models and identify risks. Familiarity with R would be an advantage

• the ability to work collaboratively within a multi-disciplinary supervisory team and with other supervisory agencies

• the ability to effectively communicate issues related to financial risk management to less technical stakeholders, such as through presentations and papers

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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