Business Officer

• Join RBA's Payments Settlements back-office team
• 2 positions available (1 perm & 1 max-term contract until Feb 2027)
• Play an important part shaping the future of our iconic Australian institution
• Develop your career in a collaborative environment

About the Role

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.

The 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 13, including 2 Managers and 6 Assistant Managers, based at offices in Sydney CBD and Bella Vista.

This position is based at Bella Vista.

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 - 4:18pm
• Winter Shift - 9:42am - 6:30pm
• Summer Shift - 11:42am - 8:30pm
• Saturday (monthly) - 1 hour approximately from home
• There is also a potential requirement to work overtime or irregular hours, including weekends and public holidays with minimal notice.

Key Responsibilities

• Process high-value payments and securities settlements for the Bank and its clients
• Ensure transactions are authorised and reconciliations are completed accurately
• Provide expert guidance to internal and external stakeholders
• Monitor systems and resolve issues proactively
• Review operations and update business continuity strategies

About You

We're looking for someone who is adaptable, detail-oriented, and thrives in a fast-paced environment. To be successful in this critical role you will possess:

• Experience in a critical day to day operational environment involving tight deadlines.
• Strong attention to detail and procedural accuracy
• 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.
• Ability to commit to rotating shift patterns and work from site.
• Experience in RITS, Austraclear, Swift or ISO 20022 message standards would be favourably viewed.

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 drive 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.

The Reserve Bank of Australia is committed to equity, diversity and inclusion through key initiatives. We welcome and encourage applicants from diverse backgrounds to apply, including Aboriginal and Torres Strait Islander peoples, culturally and linguistically diverse background, those living with a disability and from the LGBTQ+ community. We are committed to making the recruitment process fair and equitable for all our candidates.