Malcolm Turnbull's new job as Anthony Albanese denies Bill Shorten leadership threat

Former prime minister Malcolm Turnbull has been hired for a surprising new role and it's got nothing to do with politics or Parliament in Canberra.

Malcolm Turnbull has a new job and so does Labor leader Anthony Albanese, who has been forced to deny Bill Shorten poses a leadership threat to him. 

Mr Turnbull has gone back to the world of finance, as reports emerged today that Mr Shorten told allies he still has leadership ambitions. 

Mr Albanese was asked by Today Show host Deborah Knight how he could effectively lead the party with a "ghost of a past leader" haunting him.

"You better watch your back ... because reports this morning that Bill Shorten has told allies he wants to return as Labor leader," Knight said.

Mr Albanese responded: "We will be a united team. I've been elected unanimously by the Labor Party to lead. We had a leadership team. We have gender balance. We have talent. A mix of new people coming in."

Knight interjected: "Will you sit Bill Shorten down then an tell him to tow the line?," before the Labor leader responded, "I don't need to".

Mr Shorten labelled the claims as “wrong” on Twitter.

“I have and will work hard every day to keep our party united and make the case for Labor under Albo’s leadership at the next election,” he said.

He yesterday blamed the "vested interests" of others for his spectacular election loss. Today, Mr Albanese agreed with him. 

"Obviously we were up against corporate leviathans, a financial behemoth, spending unprecedented hundreds of millions of dollars advertising, telling lies, spreading fear,” he told the Labor caucus.

“Powerful vested interests campaigned against us through sections of the media itself, and they got what they wanted.”

RECAP THE DAY IN POLITICS BELOW