Business Officer

2 weeks ago

Sydney, New South Wales, Australia Reserve Bank of Australia Full time
Join RBA's Payments Settlements back office team- Be part of an organisation that serves Australia's public interest- Develop your career in a collaborative environment- Access to a wide-range of staff benefits, including gym facilities

Settlements section within Payments Settlements (PS) is looking for a Senior Business Officer in its back office area.

The position will be a permanent part-time role, 3 days per week (Wednesday to Friday) and is based at Head Office.

Do work that makes a difference.


The Senior Business Officer will assist both the Assistant Managers and Managers of the section to ensure daily back office operations are completed efficiently and that a high level of service is provided to all internal and external clients.

Daily operations are undertaken by a team of 11, including 2 Managers and 6 Assistant Managers, based at both Head Office and Norwest Business Park.

This section is deemed very critical given the nature of the daily operational work and there is a requirement to perform work on a rotational shift basis as follows (though these may vary slightly depending on operational needs and pressure)- Day - 7:30am - 4:22pm- Winter Shift - 9:42am - 6:30pm- Summer Shift - 11:42am - 8:30pm


You will have the opportunity to enhance your operational skills and experience within a highly critical area of the Bank.

This is an exciting time to be joining the Settlements team as we are at the heart of the various Bank projects required to support the move to ISO 20022 message standards.

About the Team


Settlements section is one of PS's core functions and is responsible for settling the Bank's own market transactions and high value transactions for the Bank's overseas clients and government agency customers.

The section works closely with Banking Department, FMG and the Bank's representative offices in London and New York (the latter also has a back office function).


As part of the team you will provide business operations guidance to key stakeholders as well as assist in internal and external contingency testing.

The role will require you to be adaptive, highly responsive, diligent and organised.

Your background

To be successful you should have:

  • Experience in a critical day to day operational environment involving tight deadlines.
  • Well-developed ability to accurately complete transactional processing to procedures.
  • Experience in back office or banking systems and functions.
  • Knowledge of (or interest in) high value payments and settlements practices in both foreign exchange and/or debt market securities.
Any ISO20022 experience would be favourably viewed but is not essential.

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 Bank forward as an organisation. Be more means you can do more, for yourself and for Australia.

  • Why RBA?_


Through the pursuit of national economic policy objectives and associated activities in financial markets and banking, the RBA makes an important contribution to the Australian economy.

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, whether directly or in a supporting capacity.

As a values driven organisation, 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.


Few places give you the balance of professional challenge and a management culture that not only supports but encourages you to live a full life outside of work and be more.


Application Close:
April 21, 2024

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