Manager, Operational Risk

Lead frontline supervision of critical financial market infrastructures- Contribute to an inclusive and collaborative culture- Impactful work that helps make a difference to the Australian people

Payments Policy Department is looking for a Manager, Operational Risk in the Clearing and Settlement Supervision Section.

About the team

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 the stability, efficiency and competitiveness of the payments system. The Clearing and Settlement Supervision Section undertakes a formal regulatory role to ensure that the infrastructure supporting the clearing and settlement of transactions in financial markets is operated in a way that promotes financial stability.

About the role

We are seeking an experienced and forward-thinking Manager to lead a small team within our Clearing and Settlement Supervision Section. You will be responsible for assessing and monitoring the operational risk frameworks and resilience of licensed clearing and settlement facilities.

This is a high-impact role where you will shape regulatory outcomes and contribute to the stability of Australia’s financial system. Your key responsibilities will include:
- manage and develop a multidisciplinary team of regulatory supervisors, setting clear expectations, providing regular coaching and feedback and fostering an open and dynamic culture- lead the assessment and oversight of operational risk management, cybersecurity and business continuity practices of supervised entities- contribute to the development of policy advice, guidance and regulatory expectations related to operational risk and resilience- engage with senior executives at supervised entities to discuss risk issues, findings, and regulatory expectations- formulate and communicate supervisory recommendations to the RBA’s leadership team and the RBA’s Payments System Board- lead the drafting of papers for relevant Board and Committee meetings- build team capability through mentoring, skills development, and knowledge sharing, while supporting individual growth and career development.

About you

To be successful you will have:
- proven experience in leading and managing people, including setting priorities, building capability, and developing a positive and inclusive team culture- expertise in operational risk management, cybersecurity, or operational resilience, ideally within financial market infrastructure, banking or a regulatory setting- outstanding written and verbal communication skills, including experience preparing reports, briefings and presenting to senior executives- experience engaging with a range of stakeholders, including senior executives in supervised entities and other regulatory agencies- excellent critical thinking skills to assess information, identify patterns and develop supervisory responses on complex supervisory issues- experience with financial system regulation and international standards, such as the CPMI-IOSCO Principles for Financial Market Infrastructures is highly desirable.

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.

Application Close:
August 15, 2025

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