Senior Advisor, Portfolio Management
Join our Portfolio Management team in a senior advisory role, based in Wellington or Auckland, where your technical leadership will help support the management of the Bank’s foreign reserves, domestic liquidity operations and broader balance sheet activities. We’re looking for a senior specialist to support high-quality portfolio and asset allocation decisions, strengthen operational resilience, and lead complex analysis, advice and continuous improvement. You will provide thought leadership, coaching and technical guidance to the team, lead priority workstreams, and support effective engagement with internal and external stakeholders.
Te tūranga – The role
As a Senior Advisor, Portfolio Management, you will provide senior technical leadership across portfolio management, asset allocation, foreign reserves, domestic liquidity operations and broader balance sheet activity. You will lead complex analysis, strategy development and continuous improvement, while supporting effective decision-making, operational resilience and strong stakeholder engagement across the Bank.
In this role you will:
Provide senior technical expertise across portfolio management, asset allocation, foreign reserves and domestic liquidity operations.
Lead portfolio management strategies for the Bank’s foreign reserves and domestic market portfolios, including balance sheet management frameworks.
Maintain a whole-of-balance-sheet perspective to support integrated, well-informed portfolio and asset allocation decisions.
Lead complex analysis and advice on portfolio construction, investment strategy, market operations and balance sheet management.
Support monetary policy implementation through domestic liquidity management, market operations and stewardship of the settlement cash system.
Identify and lead continuous improvement across portfolio management processes, models, systems and decision-making frameworks.
Coach, develop and mentor junior staff in portfolio management, asset allocation, market operations and related technical areas.
Build effective internal and external relationships, representing RBNZ with integrity and supporting quality decision-making.
Contribute to broader Financial Markets, Group and cross-functional priorities, projects and programmes.
Demonstrate RBNZ values, operate with a one-team mindset, support Te Tiriti, Te Ao Māori, diversity and inclusion, and take responsibility for health, safety and wellbeing.
Ō pūkenga – About you
To succeed in this role, you will bring:
At least ten years’ experience in financial markets or central banking in a portfolio management role.
Proven experience managing investment portfolios, including portfolio construction, asset allocation, risk-aware decision-making, performance monitoring and trade execution.
In-depth understanding of financial markets, financial institutions, monetary and other financial policies, including central bank monetary policy tools and operating frameworks.
Experience leading initiatives and projects.
Ability to build strong relationships with internal and external stakeholders.
Proven experience coaching and mentoring others.
Knowledge and application of Te Tiriti o Waitangi.
Eligibility to obtain and maintain the appropriate level of NZ National Security Clearance as needed.
Ko wai matou – Who we are
We’re kaitiaki (guardians) of New Zealand’s financial ecosystem – enabling economic wellbeing and prosperity for all New Zealanders. We do this by providing money and cash, helping to keep prices stable and people in work, maintaining safe banking and underpinning the financial system that allows New Zealand to spend, save, insure and do business.
We do all we can to support, a sustainable, productive and efficient economy built on integrity, innovation and inclusion. We’re building diversity and inclusion into everything we do. Our differences seed our innovation and help us deliver our best work – reflective of the needs of society. We welcome and value knowledge of Te Ao Māori, Te Tiriti and Tikanga.
Ngā painga – What we can offer you
The Reserve Bank - Te Pūtea Matua has so much to offer. From flexible working to an inclusive and positive workplace culture, our benefits include additional leave options, a wellness package, public transport subsidy, generous parental leave provisions, fitness passport, learning and development opportunities, and access to numerous social, networking and sporting activities.
Find more information about our benefits here: www.rbnz.govt.nz/careers/our-benefits
Come join us if you want to make an impact
Working at the Reserve Bank – Te Pūtea Matua is about more than a job. Here you’ll have a career, a community, and an opportunity to make a positive impact on the lives of others.
Bring your talent, curiosity and expertise and we’ll help you do the rest. You’ll be part of one of the world’s most trusted and respected central banks. We’ll invest in you. And with you, we’re investing in New Zealand.
Kōrero tāpiri – Additional information
We welcome all people and we want everyone to be able to equitably participate in our recruitment process. Get in touch with us if there are any barriers to you applying, or if you have access needs and require support or adjustments: email [email protected].
Me pēhea te tuku tono – Interested?
Check out the job description for this role or email us at [email protected] for more info. You can also contact us if you need any accessibility support to apply for this role.
Applications for this role close at midnight on Friday, 31 July 2026. Please include a cover letter outlining why you think you’ll be a great fit for the role. You are also welcome to include any additional supporting materials as part of your application.
Whilst acknowledging the growing use of AI, we kindly ask that the information you provide outlines authentically why you think you’ll be a great fit for this role.
Skills Required
- At least ten years' experience in financial markets or central banking in a portfolio management role
- Proven experience managing investment portfolios, including portfolio construction, asset allocation, risk-aware decision-making, performance monitoring and trade execution
- In-depth understanding of financial markets, financial institutions, monetary and other financial policies, including central bank monetary policy tools and operating frameworks
- Experience leading initiatives and projects
- Ability to build strong relationships with internal and external stakeholders
- Proven experience coaching and mentoring others
- Knowledge and application of Te Tiriti o Waitangi
- Eligibility to obtain and maintain the appropriate level of NZ National Security Clearance as needed
What We Do
The Reserve Bank of New Zealand - Te Pūtea Matua is New Zealand’s central bank. Toitū Te, Toitū Te Ōranga - we enable economic wellbeing and prosperity for all New Zealanders. We have a clear goal – to create an environment that fosters the overall economic wellbeing of the country and the living standards of all New Zealanders so that we, and generations to come, continue to enjoy this great country. Our mandates are: - maintaining low and stable consumer price inflation while contributing to maximum sustainable employment; - promoting and maintaining a sound and efficient financial system; - meeting the cash needs of the public; - and providing robust payment and settlement services for New Zealand’s financial institutions.
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