Manager Portfolio Risk

Manager, Portfolio Risk

Shape the future of financial risk management at the Reserve Bank, leading decisions that protect and enhance the stability of New Zealand’s monetary system.

Te tūranga – The role

Join the Money Group, which stewards New Zealand’s monetary system and operates key financial market infrastructure. As Manager Portfolio Risk, you will provide strategic leadership for the Bank’s first- and second-line financial risk function, influencing key decisions across policy and balance sheet management.

You will:

• Lead oversight of market, credit, liquidity, and balance sheet risks, ensuring alignment with the Bank’s risk appetite.

• Provide expert, trusted advice to portfolio managers, ELT, and the Board on financial risk and governance.

• Develop and maintain risk frameworks, policies, and modelling capability, including stress testing, scenario analysis, and capital modelling.

• Build and lead a high-performing, inclusive team, role-modelling RBNZ values and behaviours.

• Contribute to directorate strategy, cross-Bank initiatives, and policy outcomes, embedding Te Tiriti o Waitangi and fostering diversity, equity, and inclusion.

Ō pūkenga – About you

To be successful in this role you will have:

• Proven leadership experience in financial markets or banking, with the ability to build high-performing, inclusive teams.

• Deep expertise in financial risk management, including market, credit, and liquidity risk, and risk modelling (VaR, stress testing, scenario analysis).

• Strong strategic thinking, stakeholder management, and communication skills to influence senior leaders and deliver outcomes.

• Ability to analyse complex risk issues and provide practical, well-judged solutions.

• Knowledge and application of Te Tiriti o Waitangi.

• Eligible to obtain and maintain the appropriate level of New Zealand National Security Clearance.

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, working-from-home equipment subsidy, generous parental leave provisions, 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 Thursday 5th February 2026. Please include a cover letter outlining why you think you’ll be a great fit for the role.  Whilst acknowledging the growing use of AI, we kindly ask that the information you provide authentically outlines why you think you’ll be a great fit for this role.