Currency Management Portfolio Manager, Assistant Vice President

1588 State Street Services Australia Pty Limited; Sydney; On-site; AUD 150,000 - 210,000; Full time

Job summary

State Street Currency Management in Sydney, Australia, seeks a Currency Portfolio Manager to drive daily currency hedging strategies for institutional clients and oversee end-to-end mandate management.

You will monitor exposures, coordinate trades, ensure data accuracy, and collaborate with the global Currency Management team across Sydney, London and Boston to deliver consistent client outcomes and robust controls.

Qualifications

• Bachelor's degree in Finance, Economics, Mathematics, Engineering or a quantitative discipline.
• CFA designation or progress toward CFA is preferred.
• Experience with FX trading and portfolio-management platforms is advantageous.

Responsibilities

• Manage daily implementation and oversight of currency hedging strategies for institutional clients.
• Monitor client portfolio exposures relative to current hedge positions and rebalance as needed.
• Ensure inbound client data, mandate compliance, portfolio calculations and client reporting are accurate.
• Create and review FX orders, perform pre-trade due diligence and coordinate trade execution per client mandates.
• Exercise sound judgment in managing client hedging programs and escalating risks as appropriate.
• Manage the full portfolio lifecycle, including rebalances and client-directed or event-driven transactions.
• Contribute to complex client events, including new client implementations, restructurings, and transitions; perform post-trade reviews.
• Monitor portfolio-level risks, including hedge ratios and currency exposures.
• Collaborate with the global Currency Management team across Sydney, London and Boston.
• Partner with trading colleagues on execution strategy and transaction-cost analysis.

Education

Bachelor's degree in Finance, Economics, Mathematics, Engineering or another quantitative discipline

CFA designation or progress toward the CFA is preferred

Experience with FX trading and portfolio-management platforms

Job description

Who we are looking for

State Street Currency Management is seeking a Currency Portfolio Manager to join our team in Sydney, Australia. The Currency Portfolio Manager is central to the daily management and implementation of institutional client currency hedging strategies. The Portfolio Manager analyzes and monitors client portfolio exposures relative to current hedge positions across funds and share classes and is responsible for the end-to-end management of assigned client mandates. The role requires a strong understanding of FX markets, portfolio management, risk and controls, and client servicing. The successful candidate will work closely with colleagues across our global Currency Management team to deliver consistent client outcomes and effective global coverage.

Why this role is important to us

The team you will be joining is a part of State Street Markets (SSM). When owners and managers of institutional assets need research, trading, securities lending and innovative portfolio strategies, they turn to the SSM business unit. As our investment research and trading arm, SSM’s number one goal is to enhance and preserve our clients’ portfolio values by applying technology, optimizing trading, and linking asset classes and markets across the world.

Join us if making your mark in the capital markets industry from day one is a challenge you are up for.

What you will be responsible for

• Manage the daily implementation and oversight of currency hedging strategies for assigned institutional clients.
• Monitor client portfolio exposures relative to current hedge positions and identify required rebalancing activity.
• Ensure the completeness and accuracy of inbound client data, mandate compliance, portfolio calculations and client reporting.
• Create and review FX orders, perform pre-trade due diligence and coordinate trade execution in accordance with client mandates.
• Exercise sound judgment in managing client hedging programs, identifying potential data issues, mandate exceptions and operational risks, and escalating where appropriate.
• Manage the full portfolio lifecycle, including rebalances and other client-directed or event-driven transactions.
• Contribute to complex client events, including new client implementations, restructurings, and transitions Perform post-trade review and ensure transactions and portfolio positions have been accurately reflected within Currency Management systems.
• Monitor portfolio-level risks, including hedge ratios, currency exposures and client-specific mandate requirements.
• Work closely with the global Currency Management team in Sydney, London and Boston to provide effective global coverage and seamless transition of responsibilities between regions.
• Partner with trading colleagues on execution strategy, counterparty considerations and transaction-cost analysis where appropriate.
• Participate in client due diligence meetings, service reviews, new-business presentations and ongoing client inquiries.
• Contribute to enhancements to portfolio-management processes, controls, technology and monitoring capabilities.
• Maintain a strong risk and control mindset, ensuring that portfolio-management activities are performed in accordance with established policies, procedures and client requirements.

Global Coverage:

The role is based in Sydney, Australia and forms part of Currency Management's global portfolio-management coverage alongside colleagues in London and Boston. The successful candidate must be comfortable managing responsibilities within a global operating model where client portfolios, instructions and issues may transition between regions. Clear communication, disciplined handovers, strong documentation and consistent adherence to portfolio-management controls are therefore critical to the role.

What we value

• Demonstrated experience in currency portfolio management, FX markets, portfolio implementation or a related institutional investment-management function.
• Strong understanding of FX products, particularly spot, forwards and swaps.
• Experience managing institutional client portfolios or implementing hedging strategies.
• Strong analytical skills with the ability to evaluate portfolio exposures, hedge positions and transaction requirements.
• Excellent attention to detail and a demonstrated ability to operate accurately within time-critical deadlines.
• Sound judgment and the ability to identify unusual data, portfolio or trading activity and escalating appropriately.
• Strong understanding of investment-management risk and control principles.
• Ability to communicate effectively with institutional clients and internal stakeholders.
• Ability to work independently while contributing effectively within a global team.
• Strong problem-solving skills and a proactive approach to process and control improvements.
• Genuine interest in financial markets, currencies and institutional portfolio management.

Education & Preferred Qualifications

• Bachelor's degree in Finance, Economics, Mathematics, Engineering or another quantitative discipline.
• CFA designation or progress toward the CFA is preferred.
• Relevant experience within institutional asset management, currency management, investment operations or global markets.
• Experience with FX trading and portfolio-management platforms is beneficial.
• Knowledge of transaction-cost analysis and execution-quality monitoring is advantageous.

About State Street

Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success. We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you’ll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most.

As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.

Join us in shaping the future.