Reserve Bank of Australia

• Interested in learning something new? Join the Reserve Bank of Australia Note Issue Department as a Graduate Analyst, Analysis & Engagement.

• Be part of exciting projects, including to redesign the $5 Banknote to honour the culture and history of First Nations Peoples.

• Develop your career in a collaborative, safe & fun-to-work environment.

The Note Issue Department is responsible for development of new banknote designs and the supply of good quality banknotes to meet the community's demand. This role in particular will focus on the ongoing $5 Redesign project to honour the culture and history of First Nations Peoples.

Start your career in Note Issue and you will:

• Provide advice based on research and analysis and contribute to the preparation of papers, briefing notes and reports for Senior Leadership.

• Apply writing skills, sound judgement and critical thinking skills to support analysis and drafting of project documents.

• Work closely with the legal and procurement teams within the Bank to aid in the preparation of legal agreements and contracts for projects.

• Develop and maintain relationships with internal and external stakeholders to execute the objectives of Note Issue.

• Undertake analysis to help inform the ongoing development of banknote strategy and policies.

• Complete your 2-year Graduate Program within the Banknote Strategy and Engagement team in Note Issue.

• Influence projects and policy that relates to the provision of secure and reliable banknotes, which affects the lives of all Australians.

• Join the RBA Graduate Program and will participate in the 2026/27 core graduate training alongside peers from the other graduate programs at the RBA.

Assessment Criteria

• We're looking for dynamic, motivated graduates with high academic achievement who are interested in helping ensure the provision of secure and reliable banknotes.

• You should be a strong written and verbal communicator, a collaborative team player and strategic thinker, and driven to support good policy outcomes for Australia.

• You hold or are completing a degree with strong achievement in economics, law, or another commerce or STEM field.

• You have completed your degree or Masters no earlier than December 2023

• Completion of a significant research project (e.g. honours or capstone) is desirable.

• You can start this full-time role sometime in September 2025.

• You hold Australian permanent residency or citizenship, or New Zealand citizenship.

• Your application includes your most recent academic transcript plus a cover letter that indicates your interest in contributing to this important area of public policy.

Selection Process

1) Apply with your resume, academic transcript and cover letter

2) Complete our questionnaire Form. Candidates who meet baseline criteria will complete an assessment questionnaire and record a video interview. If you've completed this assessment for another RBA graduate or internship program within the last 2 months you won’t need to do it again—unless you choose to.

3) A 90-minute virtual interview will follow for shortlisted candidates.

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.