Key Responsibilities & Operational Scope

The core responsibilities and primary duties for this position within Department of the Treasury include:

• Monetary Policy Board Members
• The Monetary Policy Board determines the RBA’s monetary policy that, in the Board’s opinion, best contributes to price stability and full employment in Australia. It is also responsible for the RBA’s financial system stability policies.
• The ideal candidate is a highly respected and independent leader with substantial expertise in at least one of: open-economy macroeconomics, monetary policy, labour markets, economic forecasting and analysis, financial markets, banking and financial system stability, industry and the business environment.
• Governance Board Members
• The Governance Board oversees the RBA’s management and organisational affairs.
• The ideal candidate is an independent, ethical and strategically minded leader with substantial expertise in at least one of: finance, risk management, technology, business operations or corporate governance.
• Remuneration for these part-time roles is set by the Remuneration Tribunal. Before commencement, Board members must sign a declaration of secrecy.
• Under the Reserve Bank Act 1959, a person cannot be appointed as an external member if employed by the Reserve Bank Service, appointed or engaged under the Public Service Act 1999, or a director, officer or employee of an authorised deposit-taking institution.
• Leaders interested in serving on the Monetary Policy Board or Governance Board should register now to be considered for vacancies in 2027 and 2028 at https://www.treasury.gov.au/the-department/board-appointments.
• For all enquiries associated with the Register please email: Appointments@TREASURY.GOV.AU

Mandatory Eligibility & Security Clearance

Applicants must satisfy the following statutory and organizational requirements:

• Citizenship: Under section 22(8) of the Public Service Act 1999, candidates must generally be Australian citizens to be eligible for engagement.
• Security Clearance: The successful candidate must be able to obtain and maintain an Australian Government Security Vetting Agency (AGSVA) security clearance (Baseline, Negative Vetting 1, or Negative Vetting 2 as required by the agency).
• Probationary Period: Employment may be subject to a probationary period, character checks, and pre-engagement screening.
• RecruitAbility applies to this vacancy. Under the RecruitAbility scheme you will be invited to participate in further assessment activity for the vacancy if you choose to apply under the scheme; declare you have a disability; and meet the minimum requirements for the job. For more information visit: https://www.apsc.gov.au/recruitability. This initiative/program is only applicable where the successful applicant will be employed under the Public Service Act 1999. Similar conditions may apply when employed under other Acts. For clarification please contact the advertising agency.

Working Arrangements & Public Sector Benefits

Work Model: Flexible. Details: Allowances are available for official travel as set by the Remuneration Tribunal..

Australian Public Service positions provide comprehensive Commonwealth benefits including a standard 15.4% employer superannuation contribution, attractive leave provisions, and structured career progression pathways across the Australian Public Service.