Economics and Policy Analyst

About the Business/Role/Team

We are looking for candidates experienced in economic or regulatory analysis in a public policy context for roles in the Analysis and Policy section of the Note Issue Department. Prior experience in currency, payments or central banking is not required.

The team

Analysis and Policy team is responsible for cash policy issues relating to one of the RBA’s strategic priorities: Shaping the Future of Money. Cash is an important means of payment for many Australians, including vulnerable members of our community, and supports resilience in the financial system.

The role

You will be at the forefront of high priority public policy work to help ensure Australians who want to continue using cash can access it around Australia at reasonable cost. An example of our recent work is an inter-agency public consultation paper on regulating cash distribution in Australia: Consultation on a Regulatory Framework for Cash Distribution in Australia.

Developing policy options to safeguard the future of cash is a high priority for the RBA’s executive, the Government, and the public. You will see the direct impact of your research and analysis through exposure to senior RBA executives and decision-makers from other Government agencies, and you will play a central role shaping evidence-based economic policy on tangible, interesting and important issues for all Australians.

About the role

The key responsibilities of the role include:

• Prepare policy advice for key strategic policy documents for senior RBA executives and decision-makers across Australia’s financial regulatory agencies (such as papers for the RBA Payments System Board, the Council of Financial Regulators, public consultation submissions, parliamentary testimony, and speeches).

• Contribute to policy research and analysis, often collaboratively with other areas of the RBA such as Economic Research, Payments Policy and Financial Stability Departments. Examples include writing Bulletin articles, RBA Research Discussion Papers and analytical notes, giving seminar-style presentations across the Bank and to foreign central banks and other Government agencies, and designing behavioural experiments implemented in surveys.

• Represent the department and the RBA in key internal and external stakeholder relationships, including with other Government agencies, foreign central banks, and industry stakeholders, to advance our policy priorities.

• Build your leadership skills through planning and supervising projects for more junior economists and analysts, presenting your work at research conferences, and contributing to broader cultural and innovation initiatives across the RBA.

About you

We are looking for applicants who demonstrate some (but not necessarily all) of the following:

• Want to use influential and innovative analysis to shape real-world economic policy outcomes and regulatory reforms that improve the lives of all Australians.

• Have prior experience in policy analysis, microeconomics, research and evaluation and/or regulatory implementation and design.

• Have strong critical thinking and problem-solving skills and are able to think creatively about potential solutions to problems.

• Are able to communicate complex ideas effectively, both in writing and orally, to a range of audiences with different needs.

• Can work independently and in an organised manner, with support from your management team to shape your work and development.

• Have a relevant tertiary qualification, such as in economics, finance, public policy or statistics.

Please include a CV in your application. Instead of uploading a cover letter, please submit answers to the following two questions in a single document, using 500 words or less.

• Can you describe a time when your analysis influenced a decision or policy outcome?

• What is a current or proposed economic policy you disagree with and why

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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