Hi I’m Rachael and I am spending my first rotation in the new Enforcement department. I’m originally from sunny Hawke’s Bay, Napier, but I studied at Otago University for my Bachelors in Commerce (Economics major), Bachelors in Law and my Masters in Economics. My role in Enforcement involves three main work streams:
(1) Cases – for example if a bank is breaching the law, it may get referred to us and we make recommendations as to what enforcement action should be taken
(2) working on building the enforcement framework
(3) Boundary issues – for example, if someone wants to name their company using a restricted word (like ‘bank’) we get to evaluate whether this will cause a risk/mislead the public.
All in all, the Reserve Bank is a great place to be; everyone is very friendly and happy to help, which makes working here very enjoyable, and the new coffee machine helps too!
I grew up in Christchurch and studied at the University of Canterbury. I completed a Bachelor of Commerce in Economics and Finance, then completed a Master of Applied Finance and Economics with distinction. I work in Financial Markets as a graduate analyst in the Balance Sheet Design team.
The Balance Sheet Design team designs the frameworks for the Reserve Bank’s balance sheet and provides an implementation strategy to ensure we can meet our policy and investment objectives in domestic and foreign markets.
Our team collaborates closely with Portfolio Management and Market Intelligence teams on numerous pieces of work. I enjoy being involved in complex and interesting pieces of work relating to the balance sheet, like the alternative monetary policy tools. It has been great to get the opportunity to move to a new city, Auckland, and to be part of a very welcoming team here at the Reserve Bank!
