Current Vacancies – Senior Positions at the Bank of Papua New Guinea
The Bank of Papua New Guinea is a contemporary central bank and regulator, committed to best practices in monetary policy, financial sector supervision, and payments system efficiency. We are an Equal Opportunity Employer and invite expressions of interest from suitably qualified individuals for the following re-advertised senior roles:
1. Chief Risk Officer
Reports To: Governor, Bank of Papua New Guinea
The incumbent will report directly to the Governor and will be responsible for effectively and efficiently leading and managing staff to achieve key performance objectives of the office by:
- Providing strategic risk advice and reporting to the Board, the Executive Committee, and the Risk Oversight Committee.
- Managing real-time risk monitoring operations, reporting tasks, and escalation protocols, as well as monitoring key risk indicators (KRIs).
- Collaborating with regulators and financial institutions and other external stakeholders to improve systemic risk management practices.
- Implementing the Bank’s ERMF and Risk Strategy and Policy and maintaining these elements through comprehensive process implementation.
- Routine assessment and maintenance of the Banks risk appetite and tolerance statements.
- Supervision of the Risk Management Office, managing resources effectively and develops capabilities.
- Establishing governance structures and assigns explicit responsibility for risk ownership.
- Managing crisis planning and scenario testing while directing incident response procedures.
- Risk awareness through leadership engagement and training programs with adequate communication support.
- Following Basel III standards and ISO 31000 guidelines and national regulatory mandates.
- Focusing on developing risk management tools and processes alongside strengthening governance standards.
- Integrating risk considerations into strategic planning and daily operational decisions.
Education/Qualification/Experience/Skills/Competencies:
- Graduate qualifications in risk management or related fields such as economics, finance, public policy, or business administration. Advanced qualifications will be highly regarded.
- At least ten (10) years of high-level leadership experience in enterprise risk management, financial regulation or corporate governance.
- Risk management professional certifications and advanced degrees (like CRM, FRM, or ISO 3100) represent desirable qualifications.
- Successfully directed establishing and applying risk frameworks along with governance policies and models.
- Established a history of stakeholders’ engagement through Board-level reporting and regulatory liaison activities.
- A comprehensive knowledge of global risk management standards and financial industry regulatory rules.
- Demonstrated experience developing risk management tools and processes and strengthening governance standards.
📄 Download Position Description: Chief Risk Officer (PDF)
2. Manager – Institutional Governance Support Office
Reports To: Governor, Bank of Papua New Guinea
The incumbent will report directly to the Governor and will be responsible for effectively and efficiently leading and managing staff to achieve key performance objectives of the office by:
- Leading the development of strategic initiatives, including business case formulation and strategic alignment assessment.
- Providing structured reporting and advice to the Governor's Office, Chief Operating Officer, and Executive Committee.
- Promoting a culture of structured planning, transparency, and strategic focus across the Bank.
- Facilitating the prioritization and sequencing of Bank-wide initiatives based on strategic value and resource availability.
- Coordinating governance processes for initiative review, endorsement, and upward reporting.
- Overseeing the monitoring and tracking of initiative benefits realization.
- Maintaining a central register of active and pipeline initiatives.
- Supporting initiatives sponsors in initiative design, resource planning and governance engagement.
- Ensuring compliance with the Bank’s End-to-End Initiative Management Framework.
- Monitoring strategic risks and emerging trends relevant to the Bank’s initiatives.
Qualifications & Experience:
- Graduate qualification in business administration, public policy, strategy, economics, or a related field. Advanced qualification will be highly regarded.
- Post graduate qualification or certifications in governance, project/portfolio management, or strategy are desirable.
- Minimum eight (8) years’ experience in institutional governance, strategic planning, or executive management roles.
- Strong conceptual development and business case formulation skills.
📄 Download Position Description: Manager – Institutional Governance Support Office (PDF)
3. Manager – Payments System Department
Reports To: Assistant Governor – Payments & Banking Services Group
The incumbent will report directly to the Assistant Governor, Payments & Banking Services Group, and will be responsible for achieving key performance objectives of the department by:
- Overseeing the planning, deployment and implementation of the national payments system.
- Ensuring that the payments system meets all key criteria for operation including reliability, trust and interoperability.
- Coordinating meetings of the National Payments Council and ensuring positive and regular engagement with all stakeholders.
Education/Qualification/Experience/Skills/Competencies:
- Graduate qualifications in economics, finance, banking, accounting or a related field. Advanced qualifications will be highly regarded.
- At least ten years of relevant experience in public payments, commercial banking or financial management experience.
- Practical experience and understanding of banking and payment systems in general and clearing and settlement technology.
- Familiarity with project management concepts.
📄 Download Position Description: Manager – Payments System Department (PDF)
4. Manager – Economics Department
Reports To: Assistant Governor – Monetary & Economic Policy Group
The incumbent is under the supervision of the Assistant Governor, Monetary & Economic Policy, and is responsible for achieving key performance objectives of the office by:
- Formulating and maintain an effective monetary policy framework that aligns with the Bank’s objectives by providing sound, research-based advice; ensuring timely reviews and responsive implementation; delivering accurate economic forecasts; and effectively communicating policy insights to stakeholders, including the public, while ensuring all activities are timely and on schedule.
- Developing and maintaining a robust economic research program that supports the Bank’s objectives by collecting, analyzing and reporting relevant data including the retail price index, to inform policy; ensuring research is comprehensive, user-focused and well-communicated to effectively support the Bank’s functions.
- Enhancing public and stakeholders’ awareness of economic matters by identifying knowledge gaps. Developing targeted communication strategies and delivering clear, accessible information through publications, seminars and other outreach initiatives on the Bank’s policies and economic perspectives.
- Identifying and responding to key issues relevant to the Bank’s mandate or government requests by formulating well-researched, sound, and clearly communicated advice that supports informed policymaking.
- Represent the Bank in engagements with international institutions such as IMF, BIS and WTO by participating in global discussions, supporting relevant international initiatives, providing economic and financial insights on PNG, and ensuring the effective execution of government transactions and obligations as fiscal agent.
Qualifications & Experience:
- Graduate qualifications in Economics/ Applied Economics. Advanced qualifications will be highly regarded.
- Proven experience with at least ten (10) years in economic-related roles, including a track record of the development of publications and analytic reports.
- Demonstrated practical experience with quantitative analysis and forecasting software.
- Appropriate technical and professional qualifications, skills and knowledge to deliver accountabilities of the position.
📄 Download Position Description: Manager – Economics Department (PDF)
How to Apply
Interested applicants can download the relevant Position Descriptions from our website: https://www.bankpng.gov.pg/job-opportunities
Or request them via email: jobs@bankpng.gov.pg
Applications must be addressed to:
The Manager
Human Resource Department
Bank of Papua New Guinea
P.O Box 121, Port Moresby, National Capital District
All applications must be submitted via email to:
jobs@bankpng.gov.pg
Application Deadline: Monday, 14th July, 2025
Only shortlisted applicants will be contacted for interviews.
Authorized by:
Ms. Elizabeth Genia
Governor