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.

Career Development

Your career development will be  supported at AOFM by:

Performance  Management

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

Career counselling can be accessed  through the free employee assistance program.

Mentoring  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.

Studies  Assistance

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.

Placements

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.

Employment Conditions

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: 24 October 2017