Senior Advisor, Portfolio Risk
Join our Portfolio Risk team in a senior advisory role where your financial risk expertise will help support the resilience of Aotearoa New Zealand’s financial system. We’re looking for a strategic and technically strong risk practitioner to lead key risk initiatives, provide trusted advice, and help strengthen best-practice risk management at Te Pūtea Matua. The successful candidate will be based in our Wellington or Auckland office.
Te tūranga – The role
As a Senior Advisor in Portfolio Risk, you will provide strategic and technical leadership across financial risk management, helping strengthen how the Bank identifies, measures and manages balance sheet and traded risk. You will advise senior Money Group stakeholders, lead capability uplift and enhancement initiatives, and support strong oversight, governance and decision-making in line with the Bank’s policy objectives.
In this role you will:
Provide strategic and technical expertise across market, credit and liquidity risk management.
Lead the development of risk models, stress testing, scenario analysis, capital modelling and exposure measurement.
Drive improvements to risk systems, methodology, tools and technology to support best-practice outcomes.
Develop and operationalise financial risk policies, frameworks and governance practices.
Provide clear advice on financial risks to support effective decision-making and strong oversight.
Support first and second line financial risk management and promote an integrated risk culture.
Act as second-in-charge when required, including leading the team and executing key delegations.
Coach, mentor and develop team members while leading capability uplift initiatives.
Build effective internal and external relationships and deliver fit-for-purpose outputs.
Contribute to broader Financial Markets, Group and cross-functional priorities, including Te Tiriti, Te Ao Māori, diversity and inclusion, health and safety, and RBNZ values.
Ō pūkenga – About you
To succeed in this role, you will bring:
A tertiary qualification in finance, quantitative finance, economics or a related discipline, or equivalent professional experience.
Significant experience in financial markets, central banking or risk management, with strong expertise in market, liquidity and credit risk.
Deep balance sheet knowledge, financial instrument valuation experience, and expertise in risk modelling, stress testing and scenario analysis.
Strong data, quantitative and programming capability, including experience with tools such as Python, SAS/SQL, R or MatLab.
Knowledge of key market and credit risk tools and techniques, including VaR, Expected Shortfall, PV01/DV01, expected credit loss, counterparty credit risk and CVA/DVA.
Experience leading best-practice risk initiatives, developing frameworks and policies, and supporting strong governance.
Strong communication, judgement and leadership skills, with the ability to think holistically, motivate others and build capability.
Knowledge and application of Te Tiriti o Waitangi, eligibility for NZ National Security Clearance, and flexibility for occasional inter-office travel.
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
- Tertiary qualification in finance, quantitative finance, economics or related discipline, or equivalent professional experience
- Significant experience in financial markets, central banking or risk management with strong expertise in market, liquidity and credit risk
- Deep balance sheet knowledge and financial instrument valuation experience
- Expertise in risk modelling, stress testing and scenario analysis
- Strong data, quantitative and programming capability, including experience with Python, SAS/SQL, R or MatLab
- Knowledge of market and credit risk techniques (VaR, Expected Shortfall, PV01/DV01, expected credit loss, counterparty credit risk, CVA/DVA)
- Experience leading best-practice risk initiatives, developing frameworks and supporting governance
- Strong communication, judgement and leadership skills, with ability to coach and develop team members
- Knowledge and application of Te Tiriti o Waitangi
- Eligibility for New Zealand National Security Clearance
- Flexibility for occasional inter-office travel
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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