Reserve Bank of New Zealand

Position Title/Short Description

Full Text of JOE Listing:

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.

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.

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.

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. 

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 

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.

Interested? 

Check out the job description for this role or email us at recruitment@rbnz.govt.nz for more info.