Location: Chifley Square, Sydney, OR Craigieburn, Melbourne
Contract Type: 5-Year Ongoing Fixed Term Contract
Are you ready to join Note Issue Department and play a pivotal role in transforming risk management at the Reserve Bank of Australia?
We are seeking an experienced risk professional leader, to join us in a strategic Line 1 role, supporting the department’s leaders to uplift risk culture and progressively mature our risk management practices. Note Issue Department is responsible for issuing Australia’s banknotes, and provides key services to support wholesale banknote distribution.
About the Role
Reporting directly to the Head of Department, this newly created role will continue to help build out and develop a team of dedicated first line risk professionals. This team supports our management of material risks and to ensure we are effectively adjusting to an ever-evolving cash landscape.
Your Responsibilities
Collaborate with senior leadership team to develop and implement a departmental strategy for risk transformation.
Lead a high performing team to provide risk subject matter expertise into the development and implementation of departmental strategy and business plan, considering material and emerging risks.
Coach and advise senior leadership to promote a strong risk culture, risk awareness and action-oriented ownership of risk throughout the department.
Serve as the go-to subject matter expert in the identification, assessment and management of risk and controls to support the achievement of business and policy objectives.
Provide tailored approach to support the differing risk challenges across different teams and work environments (including laboratories, secure spaces, processing rooms and offices).
Support the design and management of processes and systems in Note Issue to ensure that the RBA's meets its policy and operational objectives, while retaining strong focus on staff safety and security.
Collaborate with various department teams to enhance business operations resilience, including the development and testing of contingency plans for both operational and industry-level disruptions.
Ensure continued adherence of department operations and risk management practices to the RBA’s risk management strategy, risk appetite and supporting frameworks, policies, and standards.
Contribute to a community of practice and share best practice to deepen understanding and drive consistency in risk management practices across the RBA.
Work collaboratively with our Enterprise Risk and Compliance Team (Line 2) and Internal Audit to provide integrated assurance to the Governance Board and Board Audit & Risk Committee.
Support the department to prepare papers for relevant Governance Board and other Committee meetings.
Your Background
15 years + experience in a Line 1 or Line 2 operational risk and compliance role, preferably within Financial Services.
Ability to lead risk transformation within a central bank or other financial institution.
Demonstrated experience as a subject matter expert, supporting the learning and development of business stakeholders.
Demonstrated ability in supporting a business to strengthen risk culture and risk management practices.
Demonstrated experience as a people leader, supporting the learning and development of a team of risk professionals.
Experience in design, build and implementation of risk and compliance frameworks, coaching and training.
Understanding of RBA-wide (or similar organisation) risk and compliance management frameworks, policies and standards.
Demonstrated negotiation and resolution management skills.
Strong communication skills with the demonstrated ability to influence and engage diverse stakeholders at all levels
Qualifications
Relevant tertiary qualifications in economics, finance, risk, compliance or related discipline, or equivalent experience.
Your Team
This role is part of the Business Services Group, Note Issue department. Business Services Group is responsible for the provision of banking and payments services to Australian Government agencies, the provision of payment settlement services to Australian financial system participants through the Reserve Bank Information and Transfer System (RITS) and the Fast Settlement Service, the conduct of Exchange Settlement Accounts and the production and issuance of Australian banknotes.
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 operates 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 have a critical role to play in achieving these objectives. 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 an equal opportunity employer. We are committed to creating a diverse and inclusive workplace and encourage applications from experienced candidates seeking workplace flexibility.
Application Close :
July 24, 2025.
Reserve Bank of Australia Sydney, New South Wales, AUS Office
65 Martin Pl, , Sydney, NSW ,, Australia, 2000
