Updating Results

Australian Office of Financial Management (AOFM)

  • < 100 employees

Australian Office of Financial Management (AOFM) Graduate Programs & Internships

  • Government & Public Service

Purpose

The Australian Office of Financial Management (AOFM) issues debt securities on behalf of the Australian Government. It manages the government’s cash and debt portfolios and provides advice on a range of financial risks. The AOFM also supports smaller lenders by making investments through securitisation markets.

Our values

The AOFM's values set the foundation for all actions and behaviours. These values are as follows:

  • Integrity - we are professional, respectful, transparent, and impartial.
  • Results focused - we demonstrate a thorough understanding of our responsibilities, take pride in our work and are accountable for our decisions.
  • Responsiveness - we consult meaningfully, and demonstrate initiative, collaboration, and agility.
  • Excellence - we focus on achieving outstanding results and building capability through cultivating and empowering talent.
  • Clarity - we communicate in a straightforward and timely manner.

Activities

Our activities include:

  • issuing AGS to meet the government’s financing task and in accordance with government policy objectives (such as facilitating sovereign bond market liquidity);
  • managing the aggregate daily cash balances in the government’s Official Public Account;
  • managing financial assets according to policy directives as they arise from time-to-time, or as part of broader portfolio management;
  • the settlement and payment of government financial obligations on Australian Government Securities (AGS);
  • maintaining a capacity to provide specialist advice within government on debt financing (including related financial market matters) and balance sheet management;
  • developing risk assessments to undertake cost-effective management of the debt and asset portfolios;
  • where appropriate, supporting the efficient operation of the Australian financial system;
  • investing in the securitisation products through the Australian Business Securitisation Fund (ABSF) and the Structured Finance Support Fund (SFSF) in accordance with Government policy.

What we offer

Working at the AOFM will enable you to develop skills related to the financial markets while understanding the unique role the agency plays as the interface between the Australian Government and global markets. Our people have a high degree of ownership of their work, are given significant responsibilities and work closely with senior staff.

By joining our team, you’ll be motivated to be part of achieving excellence in an important role within government through financial market operations and planning for them. The AOFM is known for its capability, experience and agility. Regardless of the area in which you work, your contribution will be highly valued and help the AOFM achieve its objectives.

Graduates will participate in a 12-month tailored development plan that will include structured training and networking opportunities. Graduates integrate into AOFM business throughout this program and continue working with the AOFM when the program completes.

We recognise that our people are central to our success and we are committed to their personal growth and development. Where appropriate, we arrange for employees to attend short courses, conferences, and industry forums. This may include professional qualifications (e.g. Chartered Financial Analyst, Chartered Accountant) or tertiary study relevant to your role. The AOFM recognises that staff training and development, including on-the-job opportunities, are key to maintaining a high performing work environment.

The AOFM is a small, highly specialised agency that gives employees access to mentoring from experienced professionals as part of their day-to-day work. You will develop knowledge of financial markets, portfolio management and risk management.

The outcome of the graduate program depends on both the individual recruit and how AOFM managers and colleagues contribute to their success. Such contributions will ensure that AOFM is able to make the most of its investment in graduate recruits.

Visit: https://www.aofm.gov.au/about/careers/graduate-program 

Recruitment Process

Key dates 

  • March - April: You will have a four week period to submit your application, resume and academic transcript into our recruitment system.
  • May: First round of assessments. This usually includes online cognitive and behavioural testing.
  • June: Interviews. Ideally we bring you to Canberra, however virtual interviews are also an option if travel is not possible. 
  • July: Offers. First round offers for the graduate program are made in early to mid-July. If you have been found suitable and placed in the merit pool, you may also be offered a place in other APS4 roles within the agency.
  • December to January: Relocation. For those moving to Canberra to take up the role in the program, we will support you in the process from start to finish.
  • February: Program commencement.

Remuneration & Career Growth

In 2024, Graduates join the AOFM at the APS4 level, earning $83,298 p.a. plus 15.4 per cent superannuation, and based on performance may receive their first pay rise after six months. At the end of a year, graduates will have the opportunity to apply for advancement to the APS5 level.

The AOFM is a great place to begin a career in financial markets or the public service. Following completion of the program, AOFM graduates have gone on to:

  • have extended careers at the AOFM
  • work at the RBA
  • work at investment banks in Sydney and overseas
  • consulting firms in Australia and overseas

Jobs & Opportunities

Locations With Jobs & Opportunities
  • Canberra
Hiring candidates with qualifications in
B
Business & Management
E
Engineering & Mathematics
I
IT & Computer Science
L
Law, Legal Studies & Justice