PS Assistant Manager Settlements Reserve Bank of Australia Sydney, AustraliaPermanent position in the RBA's Payments Settlements Department Back-Office teamPlay an important part shaping the future of our iconic Australian institutionAccess to a wide-range of staff benefits, including gym facilitiesDevelop your career in a collaborative environmentAbout the business/role/teamThe 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 back-office operations are undertaken by a team of 12, including 2 Managers and 6 Assistant Managers, based at offices in Sydney and Bella Vista. This position is based at Bella Vista. 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 - 4:18pmWinter Shift - 9:42am - 6:30pmSummer Shift - 11:42am - 8:30pmSaturday (monthly) - 1 hour approximately from homeThere is also a potential requirement to work overtime or irregular hours, including weekends and public holidays with minimal notice.About the roleAssist 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 coordinating 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.About youThe 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.Be MoreWorking 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 backgrounds, 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:November 27, 2024
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