Analyst, Monetary Policy Strategy

Description:

About the Monetary Policy Strategy Department

Monetary Policy Strategy (MPS) is a new department that will strengthen the Bank’s capabilities in monetary policy strategy and support the Monetary Policy Board’s decision making. It will provide briefings on monetary policy alternatives and strategy, lead internal discussions to develop monetary policy advice, and coordinate the underpinning processes.

It is a highly collaborative team that works with all policy areas, leveraging and empowering staff to contribute to the development of monetary policy strategy. It will harness ideas and perspectives from inside and outside of the Bank and deliver policy advice underpinned by in-depth analysis and research. The team will catalyse and drive strategic policy questions in close collaboration with the Bank’s leadership.

The role
As an Analyst in MPS, you will tackle important questions on monetary policy strategy, policy alternatives, and policy interactions to inform and strengthen monetary policy deliberations. You are intellectually curious, highly collaborative, and bring capabilities that enable you to engage with and do analysis on a range of policy questions.

You will contribute to the development of the monetary policy board paper, internal presentations, scenarios and briefing materials and conduct in-depth analysis in collaboration with others that enrich our briefing materials. You will have the opportunity to extend your technical capabilities and understanding of monetary policy and hone your skills in writing for and communicating with stakeholders.

You contribute to the team’s culture of openness and intellectual curiosity, proactively engaging with a broad range of staff to capture diverse viewpoints, drawing on research and harnessing influential external ideas.

Key objectives

• Produce rigorous analysis, typically in collaboration with others, on topics related to monetary policy strategy and frameworks.

• Contribute to the development of policy alternatives and scenarios and support the preparation of board papers by gathering and incorporating staff perspectives.

• Empower and encourage staff across areas to contribute to discussion.

• Stay informed of key developments and influential ideas relevant to monetary policy strategy, draw on research and apply insights and engage actively with researchers.

• Build and maintain productive working relationships with key stakeholders, both internally and externally.

Technical capabilities

• Strong technical and analytical skills in macroeconomics, modelling, financial transmission and linkages or other related areas relevant for monetary policy.

• Skilled in conducting and presenting in-depth analysis on topics relevant to monetary policy

• Ability to draw on a range of information and distil and communicate implications.

• Strong collaboration skills, with a demonstrated ability to work across teams and incorporate diverse viewpoints.

• Ability to handle sensitive and confidential material with professionalism and discretion.

• Relevant tertiary qualifications in economics, finance, or a closely related field—or equivalent experience.

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.

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