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Assistant Manager, Payments Settlements

  • Impactful work that helps make a difference to the Australian people
  • An initial 12 month fixed term contract with potential to be extended
  • Access to a wide-range of staff benefits, including gym facilities, fitness classes and café
  • Develop your career in a collaborative environment

Do work that makes a difference

Assist with managing the daily back office settlement processing of the Bank's and its customers' high value payments and securities transactions in domestic and international financial markets, including settlements related to foreign exchange dealings. These activities are undertaken in conjunction with the other Assistant Managers, Settlements as appropriate according to shift arrangements.

Activities will include but not be limited to:

  • Ensure prompt and correct processing of the Bank's and its clients' high-value payments and settlements for normal and contingency situations, including co-ordinating and participating in regular testing of contingency arrangements.
  • Ensure that transactions are properly authorised and that reconciliations of various accounts and securities holdings are completed in a timely manner in accordance with procedures.
  • Provide business operations expertise and guidance to external and internal customers in relation to business processes.
  • Monitor systems and liaise with stakeholders to facilitate early detection and resolution of issues.
  • Conduct regular reviews of business operations to ensure operational controls and procedures are efficient and remain relevant and that the Business Continuity Plan strategy is up-to-date.

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.   Everyone is on a steep ISO learning curve.

Daily operations are undertaken by a team of 11, including 2 Managers and 5 Assistant Managers, based at both Head Office and Business Resumption Site (BRS).  This position is based at Head Office.   You will work closely with the Managers and the other Assistant Managers to ensure daily settlement operations are completed efficiently and that a high level of service is provided to all internal and external clients. 

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:

  • Day – 7:30am – 4:22pm
  • 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.

Your background

The role will require you to be adaptive, highly responsive, diligent and organised. To be successful in this critical role you will possess:

  • Knowledge and experience in high value payments and settlements practices in both foreign exchange and/or local debt market securities.
  • Experience working in a critical operational environment involving tight deadlines
  • Well-developed knowledge of customer support principles, monitoring and administrative requirements.
  • Experience in back office settlement, treasury management or banking systems and functions.
  • Experience assisting and collaborating in the development of detailed support procedures, user guides and other operational procedures.
  • Ability to handle sensitive and confidential information is essential.

Experience in RITS, Austraclear, SWIFT or ISO 20022 message standards would be favourably viewed.

Your development & career

Working for an organisation that truly makes a difference to the Australian people, we can offer development and career opportunities in a collaborative environment that supports people’s growth, wellbeing and promotes flexibility.

Why RBA?

The RBA pursues national economic policy objectives and undertakes a range of associated activities in financial markets and banking. It also issues Australia's banknotes and operates infrastructure critical to the payments system, all of which contributes to the welfare of the Australian people.

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, we treat one another with respect, while promoting the public interest in our efforts. 

The Reserve Bank of Australia is an equal opportunity employer.  We are committed to creating a diverse and inclusive workplace and encourage applications from experienced candidates seeking workplace flexibility.

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Applications close AUS Eastern Daylight Time