Working at AOFM
What does AOFM do?
AOFM is a specialised agency responsible for the management of Australian Government debt. It also manages the Government’s daily cash balances and undertakes investments in financial assets. These activities fund Government programs and aim to advance economic growth and stability and support the effective operation of financial markets. For more information, please see the About AOFM section.
AOFM is high performing
Professional and technical standards are very high in AOFM. Employees are supported in their career development and in building their professional skills through work experience, in-house training and assistance with external studies.
The majority of AOFM people hold degree qualifications (almost half hold double degrees or higher degrees) and around a third have professional qualifications in their field. Every individual staff member is important to our work and contributes directly to the achievement of our objectives.
AOFM has been awarded for excellence in its activities by various financial publications including Risk Magazine, Finance Asia, and Kanga News. AOFM assists overseas sovereign debt management agencies in the Solomon Islands, China, Indonesia, Papua New Guinea, Thailand and elsewhere in our region. The AOFM also participates in OECD debt management forums.
AOFM is small
AOFM has around forty staff with a mixture of specialised financial market, public policy and administrative skills. The relatively small size of AOFM means that our people are better aware of the overall strategies and operations of the AOFM and how the various parts work together. They can seek to experience different aspects of financial markets and transactions and observe how public policy objectives interact with financial markets and how they operate. AOFM people are called on to use a wider range of financial, policy and administrative skills than they might in more specialised positions in a larger institution. As a result they can learn and gain experience over a broad field relatively quickly. Learning is well integrated into job requirements.
The AOFM places high importance on maintaining harmonious relations between staff, including through good communications, coordination and treating other staff members with respect. Relations with other staff and personal communications behaviour are important elements in performance appraisals and in the assessment of staff for advancement.
Your career development will be supported at AOFM by:
Regular performance reviews enable employees to improve career skills and managers to assist employees to effectively meet their performance goals and improve demonstrated behavioural attributes. This is the major driver of on-the-job training and links into succession plans and individual training and development plans.
Career counselling can be accessed through the free employee assistance program.
All employees have been invited to participate in AOFM’s mentoring program. Mentoring provides an opportunity to build the potential of employees. It fosters professional relationships where parties have the opportunity to collaborate and share insights. It provides a forum to offer constructive and frank advice to support the career development of the protégé.
Training and Development
The training and development policy supports employees in a variety of development activities including attendance at conferences, short non-award courses, and industry forums. AOFM has allocated a significant budget for training and development. In addition, AOFM runs in-house programs including an internal seminar series.
The AOFM provides financial assistance to employees who undertake programs of tertiary study that will contribute to their development as employees and to the work of the AOFM. Support for professional qualifications is also available. The Diploma of Financial Services (Financial Markets) offered by AFMA, the Chartered Financial Analyst program, and the Graduate Diploma in Applied Finance and Investment offered by FINSIA are considered of particular relevance to the AOFM and students in these courses receive full financial support.
AOFM participates in Australian Government programs to provide support for the government of the Solomon Islands and has seconded staff to this country to assist in debt management activities. We have also provided support for debt management in Thailand and Indonesia through short-term placements.
At AOFM each person’s contribution is important to overall success. AOFM values the individual and supports each person to develop specialised skills and experience related to the AOFM’s work requirements. You can expect to expand your knowledge of financial markets, debt management, public policy and public administration. Key elements of your working conditions will include:
- Superannuation on top of your pay at 15.4%
- Small teams
- Challenging and interesting work
- Standard work week of 37.5 hours
- Code of Conduct
- Annual Leave 20 days per year
- Personal Leave 15 days per year
- Leave for other purposes may also be available (e.g. parenting, maternity)
- Relocation to Canberra for candidates outside the region
More information can be found in the AOFM Enterprise Agreement 2015-2018
Last updated: 19 February 2019