Senior Analyst - Payments Policy

• Opportunity to join a critical department to promote competition and efficiency across Australia’s payment systems

• Have genuine impact by leveraging your analysis and policy expertise

• Join a collaborative and high-performing team

About the team

The payments system enables consumers and businesses to make and receive payments, which is critical to supporting activity in the Australian economy. 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 & efficiency and improving the safety & resilience of the payments system. The Department also oversees the safe operation of clearing and settlement facilities, which are important financial market infrastructure.

It is an exciting time to join the Department because of the rapid pace of change in the payments landscape. 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. You will have the opportunity to shape the RBA’s position on these policy issues, often working alongside other teams within the Department and the RBA.

About the role

As a Senior Analyst in the Payments Efficiency & Competition (PEC) team, you’ll help promote competition and efficiency in Australia’s retail payment system. Day-to-day, you’ll work in a dynamic team analysing issues across retail card payments, BNPL, mobile wallets, online and account-to-account payments. Your policy analysis will support the Payments System Board’s objectives, while your work will also involve data collection and monitoring to track trends and ensure regulatory compliance. Engaging with external stakeholders including regulators, fintechs and bigtechs, is another key part of the role

Additional role responsibilities may include:

• Formulating and communicating policy advice to the Bank’s leadership team, the Payments System Board and a range of internal and external stakeholders.

• Monitoring developments and innovations in payments, including ensuring compliance with the Bank’s regulations and promotion of the Bank’s objectives.

• Drafting papers for the Payments System Board and external publications such as consultation papers, articles and research discussion papers.

• Engaging with stakeholders in the payments industry and other regulators.

About You

To be successful you will possess:

• strong critical thinking skills to tackle complex policy questions and issues

• the ability to write clearly and succinctly, with the intended audience in mind

• strong oral communication skills

• good organisational and time management skills

• well-developed influencing skills and ability to work collaboratively with a range of stakeholders

• demonstrated ability to reprioritise quickly as circumstances change

We are seeking applications from candidates with a diverse range of skills including economists, payments specialists and regulators.

Payments specialists will ideally have relevant domain knowledge and experience in payments issues or the payments industry. Policy development experience and qualifications in economics or a related field would be an advantage.

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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