Job Description

Bring your analytical and communication skills to support our nationally significant mahi.

• Join our collaborative and supportive team within the Financial System Assessment group

• Wellington or Auckland location

• Permanent, full-time role

Te tūranga – The role

We have a permanent opportunity for an Advisor to join our Stress Testing team within the Financial System Assessment group. Our small team are responsible for delivering the Reserve Bank’s Industry-wide stress testing programme, and the review and approval of the banks’ IRB credit risk models. Both functions contribute to the overall financial stability of the New Zealand economy. We work widely across the organisation, with industry, and with other regulators.

Ō pūkenga – About you

We’re looking for a collaborative team member, who can communicate well and work to deadlines effectively. To be successful in this role you will have:

• At least five years of relevant professional experience in a bank, financial institution, central bank, economics research, or regulatory authority.

• Ideally a strong understanding of the Basel or New Zealand standard governing the IRB approach, credit risk modelling, or capital adequacy.

• Ideally extensive experience in IRB modelling, credit risk modelling, statistical methodologies, or quantitative analysis.

• Strong analytical and critical thinking skills with attention to detail for addressing complex modelling and regulatory issues.

• Experience coaching other team members or managing individuals.

• An effective collaborative approach that draws on the knowledge and skills of colleagues and other stakeholders and constructively contributes to the work of others.

• The ability to communicate complex modelling issues into clear insights and recommendations for a wide range of audience, including the senior leadership.

• Proven ability to effectively manage senior external stakeholder relationships, and robust challenges on modelling or regulatory issues.

Ko wai matou – Who we are 

We’re kaitiaki (guardians) of New Zealand’s financial ecosystem – enabling economic wellbeing and prosperity for all New Zealanders. We do this by providing money and cash, helping to keep prices stable and underpinning the financial system to allow New Zealand to spend, save, insure and do business. 

We do all we can to support a sustainable, productive and efficient economy built on integrity, innovation and inclusion. We’re building diversity and inclusion into everything we do. Our differences help us deliver our best work – reflective of the needs of society. As an organisation, we welcome and value knowledge of Te Ao Māori, Te Tiriti o Waitangi and tikanga Māori.

Ngā painga – What we can offer you 

We have so much to offer from flexible working to an inclusive and positive workplace culture. Our benefits include additional leave options, a wellness package, working-from-home equipment subsidy, generous parental leave provisions, learning and development opportunities, and access to numerous social, networking and sporting activities. 

Find more information about our benefits here: www.rbnz.govt.nz/careers/our-benefits  

Kōrero tāpiri – Additional information 

We welcome all people, and we want everyone to be able to equitably participate in our recruitment process. For more information or any questions, get in touch with us: recruitment@rbnz.govt.nz

Me pēhea te tuku tono – Interested? 

Check out the and apply online including a cover letter outlining why you think you’ll be a great fit for the role.  Whilst acknowledging the growing use of AI, we kindly ask that the information you provide authentically represents you

Applications close Tuesday 26th May.