The Digital Assets and Crypto Unit is responsible for progressing the digital asset regulatory reforms to unlock the potential benefits of innovation and improve competition and consumer protections in the digital assets space. This includes developing legislation for digital asset platforms and undertaking exploratory work on central bank digital currency, asset tokenisation, tokenised markets and decentralised finance. The team also acts as a key knowledge centre for digital asset across Treasury and its portfolio agencies.
The Digital Assets and Crypto Unit sits within Treasury's Payments and Financial Innovation Branch of the Digital, Competition and Payments Division. Key areas of focus for the branch include:
understanding new financial technologies and emerging business models through desktop research and engagement with a wide range of stakeholders, developing innovative and evidence-based regulatory solutions that balance the need for consumer protection, the benefits of innovation, and the costs of regulation, keeping pace with fluid and fast-moving technologies and a complex and evolving regulatory environment, contributing to and learning from the knowledge of policy makers and regulatory agencies in Australia and internationally, unlocking the potential benefits of innovative technologies.
Team members have the opportunity to shape the regulatory environment for emerging and increasingly important parts of the digital economy and financial system.
The key duties of the position include
Treasury is looking for a highly motivated and experienced specialist to join its Digital Assets and Crypto Unit as a Senior Advisor. Senior Advisors work in a team structure, working along-side the director. In performing their role, the Senior Advisor would be expected to:provide policy advice to Government and portfolio agencies on the intersections between digital assets and a range of Australian regulatory frameworks (including the financial services laws, consumer protection laws, anti-money laundering laws, insolvency laws, tax laws, etc), propose innovative and evidence-based policy solutions that leverage a strong understanding of the policy problems that arise from unique digital asset market structures, represent Australia (or support senior Australian representatives) at meetings and events hosted by various domestic and international organisations (including the Financial Stability Board, G20, the International Monetary Fund, and the Bank for International Settlements), engage with technical experts from industry, academia, and regulatory and standard setting bodies in Australia and internationally, and plan and facilitate stakeholder engagements, including bilaterally with portfolio agencies (such as ASIC, ACCC, RBA, ATO) and key industry players, and multilaterally through roundtables, workshops, focus groups, and attendances and industry events.
The candidate must have:a deep technical understanding of the existing financial services laws and the digital asset ecosystem, significant experience in navigating the existing financial service laws in the context of complex and novel financial products, strong communication skills, to convey complex issues and solutions to Minister and executives, great interpersonal and mentoring skills to develop competencies and understanding amongst the broader team, experience in policy development and analysis, and in legislative development, and an ability to engage with stakeholders on technical and legal issues.
The candidate will be very well regarded if they can demonstrate:previous experience at a highly regarded law or consultancy firm advising clients in highly regulated industries, previous experience with a financial services or financial markets regulator, and academic experience in financial markets and/or digital assets, a strong interest in technical and socio-technical aspects of digital assets and digital asset technology. Candidates will be required to hold a current NV1 clearance, or be willing to obtain and maintain an NV1 clearance.#J-18808-Ljbffr