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About the RBA

As Australia’s central bank, the Reserve Bank of Australia (RBA) is best known for conducting monetary policy, analysing the financial system and issuing the nation’s banknotes. Its other major roles include maintaining the safety and efficiency of the payments system, managing Australia’s foreign exchange reserves and providing banking services to the Commonwealth Government. The RBA was awarded ‘Best Employer – 2012’ and was recognised among the top three vacation work programs of 2013 by the Australian Association of Graduate Employers.

Life at the RBA

The Reserve Bank of Australia’s core values – promotion of the public interest, integrity, excellence, intelligent inquiry and respect – guide everything it does. Its people have a genuine interest in promoting the wellbeing of all Australians and are committed to diversity and inclusion. The Bank aims to ensure that all employees are treated with dignity and respect, and that they experience equal opportunity throughout their careers.

The RBA embraces lifelong learning and understands that professional qualifications, accreditations and postgraduate study contribute to a fulfilling career. Employees at any level can apply for support towards career-relevant professional memberships and study, with additional leave and financial assistance provided.

The Bank understands the importance of work-life balance and the contribution that staff wellbeing makes to performance. Employees across the operations are rewarded with access to flexible work arrangements, as well as health and wellbeing programs.

A number of special interest sporting and social clubs enjoy the Bank’s support. The RBA’s corporate charity program contributes and supports several causes, including the Financial Markets Foundation for Children and the RBA’s Workplace Giving Program.

All graduate positions are located in the Sydney Head Office. Where candidates need to relocate, the Bank ensures the transition is as smooth as possible by helping meet costs and coordinate the logistics of the move to Sydney.

The RBA’s Graduate Recruitment Program

The RBA Graduate Development Program is designed to provide you with the knowledge and skills to enhance your career while contributing to the wellbeing of the people of Australia.

Conducted over two years, the program includes comprehensive training and development along with unique opportunities to work with highly skilled professionals.

The program ensures that  graduates receive development opportunities related to the core technical content of their role in the RBA, and delivers key transferrable skills. The program currently includes:

  • Orientation week – including a corporate induction, targeted learning, group activities and formal events with the Bank’s executives.
  • Professional development opportunities – which may include exposure to special projects, conferences, research papers and presentations.
  • Rotations – the Bank offers graduates diverse careers depending on their interests and skills. Rotations are designed to broaden your knowledge of the various areas within the Bank, and expand your internal and external professional networks.
  • Business skills training – including a range of specialised training modules conducted with your graduate peers, as well as building business and communication skills to support your professional development. Training modules will target effective business writing, critical thinking, communication and negotiation skills.
  • Technical training – specialist technical training as required, delivered by leading professionals and experts in their fields.
  • Online induction and compliance training – to inform you of relevant laws, industry best practices and Bank policies.

Consider the summary of career pathways at the RBA to better understand how you might contribute. Applications for the main intake of graduates are open now, and close 12 April 2014. Other ad-hoc graduate recruitment can occur throughout the year.

For economics and finance students the Bank also offers The Cadetship, a vacation work program designed to provide work experience and financial support to talented students who have the potential to pursue careers at the RBA. Applications for the Cadetship close 16 June 2014.

To apply, for eligibility requirements, or for more information please visit our website or contact us at graduates@rba.gov.au or (02) 9551 9649.

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