Advisor (Licensing & Authorisations) at Reserve Bank of New Zealand

Auckland, Auckland, New Zealand -

Full Time

Start Date

Immediate

Expiry Date

17 Sep, 26

Salary

168598.0

Posted On

19 Jun, 26

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Prudential Regulation, Licensing Frameworks, Stakeholder Collaboration, Regulatory Compliance, Change Implementation, Written Communication, Verbal Communication, Mentoring, Financial Supervision, Analytical Thinking

Industry

Banking

Description

Be part of a team driving one of the most significant regulatory developments under the Deposit Takers Act. Advisor (Licensing & Authorisations) An exciting opportunity has arisen to join the Specialist Supervision, Licensing & Authorisations team as an Advisor. The Licensing & Authorisations Team was created during 2023 in response to the Reserve Bank’s need to develop a new licensing framework under the Deposit Takers Act and to modernise the Bank’s approach to licensing and other significant ‘authorisations,’ such as changes of control of licensed banks, non-bank deposit takers and insurers. The key responsibilities of the team are: Developing the licensing framework for the Deposit Takers Act for existing banks and NBDTs and for new firms wanting to become deposit-takers under the DTA. Managing responses to licensing enquiries from banks, NBDTs and insurers. Processing some new license applications and working with different teams who currently lead the assessment of other applications. Overseeing the ‘restricted word regime’ that covers the use of words such as ‘bank’ and ‘insurer’ that only licensed firms are permitted to use in their name Initial consideration and follow-up of potential infringements of the regulatory perimeter, including referrals to the team of insurance or banking activity appearing to be carried on by unlicensed firms. Te tūranga – The role In this role your key objectives will be to: Lead workstreams contributing to the implementation of new licensing and authorisations frameworks under the Deposit Takers Act and the Insurance (Prudential Supervision) Act to enable new license applications and applications from licensed firms for various authorisations to be submitted, assessed and a decision on the application to be made. Effectively collaborate with the members of the Licensing Team, the DTA Project Team and other teams involved in the DTA project to materially contribute to the successful implementation of DTA licensing. Take a leading role in managing the operational aspects of the restricted word regimes for banks, NBDTs and insurers, including preliminary assessments of potential unlicensed activity. Process new license applications, covering the initial enquiry stage through to a full assessment of an application. Work closely with a Senior Analyst whom you will mentor and support, both in their delivery of objectives and in their career development. Ō pūkenga – About you To be successful in this role you will have: Relevant experience in a supervisory authority and/or in a bank, insurer or other financial institution. An understanding prudential regulation applying to banks and/or insurers. A demonstrated ability to implement change based on analysis and creative thinking. A high standard of verbal and written communication A proven track record of strong collaboration and teamwork with internal and external stakeholders. Enthusiasm for the challenge of being at the forefront of new developments with the opportunity to have a significant input into the new licensing frameworks that will apply to deposit takers for the foreseeable future. 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 people in work, maintaining safe banking and underpinning the financial system that allows 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 seed our innovation and help us deliver our best work - reflective of the needs of society. We welcome and value knowledge of Te Ao Māori, Te Tiriti and Tikanga. Ngā painga - What we can offer you The Reserve Bank - Te Pūtea Matua has 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 The anticipated appointment range for this role is $ 155,629 to $ 168,598 (actual salary will be dependent on your skills and experience). Come join us if you want to make an impact Working at the Reserve Bank - Te Pūtea Matua is about more than a job. Here you'll have a career, a community, and an opportunity to make a positive impact on the lives of others. Bring your talent, curiosity and expertise and we'll help you do the rest. You'll be part of one of the world's most trusted and respected central banks. We'll invest in you. And with you, we're investing in New Zealand. Kōrero tāpiri – Additional information We welcome all people and we want everyone to be able to equitably participate in our recruitment process. Get in touch with us if there are any barriers to you applying, or if you have access needs and require support or adjustments: email recruitment@rbnz.govt.nz. Me pēhea te tuku tono – Interested? Check out the job description for this role or email us at recruitment@rbnz.govt.nz for more info. You can also contact us if you need any accessibility support to apply for this role. Applications for this role close at midnight on Friday, 3 July 2026. Please include 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 outlines why you think you’ll be a great fit for this role and authentically. Join us and you’ll contribute to New Zealand’s economic wellbeing and prosperity, help shape our future, and the future for all who call New Zealand home. We’re one of the world’s most trusted, connected and respected central banks and we have a broad range of roles to match people across all stages of their careers. Our people come from many disciplines and many walks of life. We embrace differences and new perspectives. The wellbeing of our people and work/life balance are really important to us. We provide a wide range of benefits, flexibility and support to help you thrive and succeed. For general enquiries, please feel free to reach out to one of our team recruitment@rbnz.govt.nz

Responsibilities

Lead the implementation of licensing and authorisations frameworks under the Deposit Takers Act and Insurance (Prudential Supervision) Act. Manage the restricted word regime and process new license applications from the enquiry stage through to full assessment.