Full-time Permanent Position
Hybrid work environment
Play a key role in shaping the financial risk management framework of the Reserve Bank of Australia
About the business/role/team
This role sits within the Reserve Bank of Australia’s Risk and Compliance Department (Line 2) and plays an important role in supporting the Bank’s financial risk management and policy implementation capabilities. The team develops and maintains frameworks that ensure balance sheet risks are well understood, appropriately managed and aligned with the Bank’s policy objectives.
Reporting to the Senior Manager, Risk Frameworks and Strategy, the Lead Analyst will partner with colleagues across Financial Markets, Monetary Policy and other key functions, while engaging with senior governance forums, including executive committees and Boards.
Working at the intersection of financial markets, risk management and public policy, the Lead Analyst will contribute to the safe and effective delivery of central bank operations and the ongoing enhancement of the Bank’s financial risk framework.
About the role
As a Lead Analyst, you will focus on the design, implementation and ongoing enhancement of frameworks that manage financial market risks while supporting broader policy objectives.
This includes responsibility for ensuring these frameworks:
Manage financial market risks in a manner consistent with leading practice across financial institutions; and
Supporting the design of frameworks that influence market functioning, financial stability and the transmission of monetary policy, both under normal conditions and during periods of market stress, including the design and implementation of extraordinary policy measures.
The Lead Analyst role is highly technical and requires deep expertise in macroeconomic policy, financial markets and risk management, combined with a strong understanding of central bank operations.
Working closely with senior stakeholders, governance committees and Boards, you will provide expert analysis and contribute to the ongoing development of the Bank's financial risk management capability. Through your work, you will help strengthen the frameworks that underpin both effective risk management and the delivery of broader policy outcomes.
The Lead Analyst is a senior individual contributor role, operating at a level equivalent to a Risk Manager.
About you
Possess a deep expertise in financial markets, risk management and macroeconomic policy
Experience working in a central bank or similar policy-focused institution
Strong understanding of financial market operations and risk frameworks
Proven ability to translate complex technical issues into clear, actionable insights
Experience working with senior stakeholders, including executive or Board-level governance bodies
Ability to operate effectively in a highly specialised and technically complex environment
An added bonus would be if you have experience in the implementation and management of non-financial risk frameworks, or have also worked in a non-financial risk role in a financial institution.
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.
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.
Application Close :
July 31, 2026.
Skills Required
- Deep expertise in financial markets, risk management and macroeconomic policy.
- Experience working in a central bank or similar policy-focused institution.
- Strong understanding of financial market operations and risk frameworks.
- Proven ability to translate complex technical issues into clear, actionable insights.
- Experience working with senior stakeholders, including executive or Board-level governance bodies.
- Ability to operate effectively in a highly specialised and technically complex environment.
- Experience in implementation and management of non-financial risk frameworks or non-financial risk roles in a financial institution.
What We Do
The Reserve Bank of Australia is Australia's central bank. Its duty is to contribute to the maintenance of price stability, full employment, and the economic prosperity and welfare of the Australian people. It does this by setting the cash rate to meet a medium-term inflation target, working to maintain a strong financial system and efficient payments system, and issuing the nation's banknotes. The Bank provides selected banking services to the Australian Government and its agencies, and to a number of overseas central banks and official institutions. Additionally, it manages Australia's gold and foreign exchange reserves
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