Settlements Officer

7 days ago


Sydney, New South Wales, Australia Reserve Bank of Australia Full time
Job no Type Maximum-term - Flexible arrangement Location Sydney Category Banking & Settlements Advertised 05 Jan 2023 Closes 16 Jan 2023 AUS Eastern Daylight Time

  • Impactful work that helps make a difference to the Australian people
  • Temporary role for a duration of 12 months on a Fixed term contract
- feel motivated to perform at your best and achieve more

Do work that makes a difference
This back-office position within the Payments Settlements Department plays an important role in ensuring the efficient day-to-day settlement of all electronic high-value transactions on behalf of the Bank and its clients, including settlement related to foreign exchange and securities dealings

You will also:

  • Ensure that transactions are properly authorised and that reconciliations of various accounts and securities holdings are completed in a timely manner.
  • Participate in the industry contingency tests and internal business continuity tests, and undertake requested contingency payments, as required.
  • Provide assistance as necessary to ensure that system or process changes affecting highvalue settlements are tested and implemented correctly.
  • Monitor existing settlement processes and make recommendations on new or more efficient processing methods.
  • Requirement to perform work on a rotational shift basis.

Your background
- *To be successful in this critical role you will possess;

  • Knowledge of high value payments and settlements practices in both foreign exchange and/or debt market securities.
  • Experience in a critical day to day operational environment involving tight deadlines.
  • Experience in settlement, treasury management or banking systems and functions.
  • Experience with Austraclear, RITS and SWIFT
  • Ability to handle sensitive and confidential information is essential.

Your team

Settlements section is one of the core functions of the Payments Settlements Department 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 the Bank's Banking Department, Financial Markets Group and representative offices in London and New York.

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.


Be More

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 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 Bank 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.

Applications close16 Jan 2023 AUS Eastern Daylight Time
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