Manager, Monetary Policy Processes

About the Monetary Policy Strategy Department

Monetary Policy Strategy (MPS) is a new department that will strengthen the Bank’s capabilities in monetary policy strategy and support the Monetary Policy Board’s decision making. It will provide briefings on monetary policy alternatives and strategy, lead internal discussions to develop monetary policy advice, and coordinate the underpinning processes.

It is a highly collaborative team that works with all policy areas, leveraging and empowering staff to contribute to the development of monetary policy strategy. It will harness ideas and perspectives from inside and outside of the Bank and deliver policy advice underpinned by in-depth analysis and research. The team will catalyse and drive strategic policy questions in close collaboration with the Bank’s leadership.

The role

As the Manager for Policy Processes in MPS, you play a pivotal role in designing, overseeing and managing the smooth functioning of internal monetary policy processes across policy groups, the Communication Department, Secretary’s Department, and senior executives. You will be a strong communicator, very well organised, in tune with the needs of stakeholders and able to work to tight deadlines during the peak of the policy cycle.

Key objectives- Work collaboratively with leaders, teams, and stakeholders across the Bank to ensure a coordinated and enterprise-aligned approach to monetary policy processes.- Design, evaluate, and implement clear, reliable and efficient end-to-end processes that align with organisational objectives and catalyse collaboration.- Embed process thinking into the policy development, ensuring clear execution pathways and good governance of the formulation of policy advice- Balance short-term operational realities with long-term strategic thinking and consult, influence, and coordinate across stakeholders and departments, often with competing priorities.- Plan, track and report on key initiatives and develop risk assessments.- Proactively identify opportunities for improvement, lead change and guide stakeholders through transitions.- Build consensus and facilitate cross-functional working groups or steering committees.- Strong written and verbal communication to convey complex ideas clearly to technical and non-technical audiences.- Promote a culture of curiosity, high-reliability and collaboration, and coach and develop junior staff to build their capabilities and policy understanding.- Contribute to high-quality analysis on strategic questions for monetary policy and to the department’s success in delivering on its workplan.- Stay informed of key developments, approaches and influential ideas relevant to monetary policy strategy and link these insights to the policy work of the department.

Technical capabilities- Strong ability to plan, execute and oversee processes from inception to completion.- Strong ability to communicate clearly and concisely with a wide variety of stakeholders- Demonstrated skills and experience in engaging with, supporting and forming constructive stakeholder relationships, including with senior stakeholders.- Analytical skills in macroeconomics, modelling, financial transmission, financial markets and other areas relevant for monetary policy.- Strong time management and organisation skills and proven ability to prioritise and adapt to changing circumstances.- Leadership skills around coaching and mentoring junior staff members.

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 wh