Analyst, Overlays & DAA

Job Application Due Date

About Future Fund

At the Future Fund, we’re for future minds – like yours. The new investors and creators who thrive on different thinking and doing it together. Those who glimpse opportunity before it strikes and step up every day to grab it.

The Future Fund is Australia's Sovereign Wealth Fund, managing over $340 billion across seven public asset funds with the same purpose: growing Australia’s future. We are a global investor and work closely with world leading investment organisations to access the best investment ideas.

Where others see challenges, we see more interesting investment experiences. Every person, every skillset, every mindset is an asset. We’ve got every future generation to consider, yet our approach to investing is incredibly pure: we think about it deeply, and daily. Ours is a culture where great people grow the future together, with the rare ability to work collaboratively, think freely, and make a real difference.

Are you Futureminded? Let’s create what’s next.

The Opportunity

As an Analyst, Overlays & DAA, you will play a key role in designing, implementing and managing total portfolio exposures through liquid beta levers.
This role sits across two complementary teams within Portfolio Design — Dynamic Asset Allocation (DAA) and Overlays — reflecting the integrated approach to managing total portfolio exposures.

The DAA team sets target portfolio exposures based on market signals, valuation insights and macroeconomic views, supporting Investment Committee decision-making.

The Overlays team executes and maintains these exposures, managing derivative strategies and ensuring the portfolio remains aligned to target positions.

You will contribute across both areas, combining analytical insight with execution discipline to support portfolio outcomes.

Responsibilities

Overlays

• Support the execution and lifecycle management of overlay derivative transactions

• Monitor portfolio exposures and investment activity to ensure alignment with targets

• Develop and improve overlay models, systems and reporting

• Contribute to process improvements, operational efficiency and investment technology initiatives

• Build knowledge of derivative markets, counterparties and implementation approaches

Dynamic Asset Allocation (DAA)

• Contribute to research and analysis supporting DAA recommendations

• Undertake quantitative analysis, including back-testing and scenario modelling

• Monitor market developments and synthesise insights into investment ideas

• Support the evolution of modelling frameworks and decision-making tools

• Engage with internal stakeholders to inform portfolio positioning

About You

We're looking for:

• Strong quantitative and analytical capability, with high attention to detail

• Sound judgement and problem-solving ability

• An interest in financial markets, macroeconomics and portfolio construction

• The ability to work with data, models and systems to inform decisions

• A collaborative approach and the ability to communicate complex ideas clearly

• Exposure to financial markets or investment environments

• Experience with tools such as Bloomberg, Aladdin or similar platforms

• Programming capability (e.g. Python) or experience working with quantitative models

• Relevant tertiary qualification, with quantitative disciplines advantageous

We Are For Everyone

At Future Fund, we are better for our differences. Every person, every skillset, every mindset is an asset. We want everyone to feel comfortable bringing their authentic selves to work. Which is why we’re looking for future minds like yours. Your past experiences help us expand our collective knowledge, add value and create something better. When doing your job means Australia has more money to invest in renewables, education, healthcare and medical breakthroughs – there’s a tangible impact to what we do. And we want you to be part of it.

Are you Futureminded? Learn more about us at our LinkedIn Life page.

The Future Fund acknowledges the Traditional Custodians of the lands and waters on which we live and work. We pay respect to Elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples as we work to create meaningful change for reconciliation.