Senior/Lead Analyst - RITS Modernisation Planning

Reserve Bank of Australia; Sydney; Hybrid; AUD 110,000 - 170,000; Full time

Benefits offered by this job

Hybrid work environment

Job summary

Reserve Bank of Australia in Sydney CBD is seeking two Senior/Lead Analysts to join the RITS Modernisation Planning Phase. You will shape the future of interbank settlement services and engage with senior leaders, policy teams and external partners.

The role focuses on strategic analysis, stakeholder engagement and developing delivery options and a business case for the next phase, with a hybrid work arrangement and national significance.

Qualifications

• Experience in payments/settlement policy or major transformation is advantageous but not essential.
• Ability to structure ambiguous issues and think strategically about long-term outcomes.

Responsibilities

• Support design and delivery of internal and external stakeholder consultation activities.
• Undertake strategic, economic, policy and operational analysis to assess future-state capabilities.
• Contribute to the development of a Vision for a Modern RITS and business case.
• Synthesize information for briefing materials, board submissions and executive communications.
• Build relationships with internal and external stakeholders to support alignment.

Skills

Critical thinking

Stakeholder engagement

Strategic analysis

Job description

Senior/Lead Analyst - RITS Modernisation Planning

Reserve Bank of Australia – Sydney CBD NSW

• Play a key role in shaping the strategic direction of Australia's payments settlement services
• Permanent roles / Max-term contract until June 2028
• Hybrid work environment

The Reserve Bank of Australia is commencing a planning phase for what is expected to be a once-in-a-generation program to modernise the Reserve Bank Information and Transfer System (RITS), Australia's high-value payments settlement system.

We are seeking two Senior/Lead Analysts to join the RITS Modernisation Planning Phase, a strategic initiative that will shape the future direction of RITS. These roles provide a unique opportunity to contribute to work of national significance, helping define the future of interbank settlement services in Australia.

About Payments Settlements Department and RITS Modernisation

Payments Settlements Department operates the Reserve Bank Information and Transfer System (RITS), Australia's high-value payments settlement system. RITS is critical national infrastructure, underpinning the stability and efficiency of Australia's financial system. The RITS Modernisation program will help ensure that this infrastructure remains highly resilient, and that interbank settlements services support innovation and remain fit for purpose into the future.

The planning phase will establish the strategic foundation for a multi-year modernisation program by first developing a shared vision for a modern RITS service. As a project team we will be identifying and building a set of target-state capabilities by engaging internal and external stakeholders, developing delivery options and preparing the business case for the next phase.

About the role

Working within the Business Development & Analysis team in Payments Settlements department, you will play a central role in delivering the Planning Phase of the RITS Modernisation program. You will support and contribute to complex strategic analysis, stakeholder engagement and program development activities that will inform future investment decisions and establish the vision for a modernised RITS. You will work closely with senior leaders across the Bank, technology specialists, policy teams and industry participants. You will engage with peer central banks and external advisers. The project team will support governance forums and contribute to the development of recommendations that will guide the next phase of this major transformation program.

In this role, you will:

• Support design and delivery of internal and external stakeholder consultation activities, including public consultation and engagement with a wide range of industry stakeholders such as RITS members, government agencies, regulators and overseas central banks.
• Undertake, lead and contribute to strategic, economic, policy and operational analysis to assess future-state capabilities and delivery options. Contribute to the development of a Vision for a Modern RITS, a delivery options paper and a business case for the next phase of the modernisation program.
• Synthesise information and contribute to high-quality briefing materials, discussion papers, Board submissions and executive communications.
• Build productive relationships across the Bank and with external stakeholders to support building consensus on complex issues.
• Actively contribute and work constructively with project team members to achieve project outcomes, and support a collaborative, high-performance culture aligned with RBA values.

About you

We are looking for candidates who demonstrate:

• strong critical thinking and problem-solving skills, including the ability to structure ambiguous issues, identify priorities and develop practical approaches
• sound judgement and the ability to assess evidence, draw well-supported conclusions and think strategically about long-term outcomes
• clear and concise written and verbal communication, tailored to a range of audiences including senior internal and external stakeholders
• the ability to research and synthesise complex information and translate it into clear insights and advice
• strong collaboration, relationship-building and stakeholder engagement skills, including the ability to work with different perspectives and build alignment
• effective organisation and the ability to manage competing priorities, adapt as work evolves and maintain momentum
• curiosity, initiative and the ability to learn quickly, contribute ideas and constructively challenge colleagues in a collaborative team environment.

Experience in payments, settlement infrastructure, policy or business analysis, strategic planning or major transformation would be advantageous but is not essential. Applicants may be considered at the Senior Analyst or Lead Analyst level based on their experience and demonstrated capabilities.

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.