Senior Portfolio Manager

The Treasury - New Zealand; Wellington; On-site; NZD 180,000 - 240,000; Full time

Job summary

The Treasury – Te Tai Ōhanga in Wellington is seeking a Senior Portfolio Manager to join the Portfolio Management team. You will manage Crown borrowing, liquidity needs, and financial market risks, working with a high-performing team to deliver strategic government financing outcomes.

You will conduct tenders and syndications, oversee portfolios of liquid assets, and provide market advice to government agencies, applying your five-plus years of experience in foreign exchange, interest rates and

Qualifications

• Significant financial markets experience.
• Contribute to strategic risk management issues across NZDM.
• Ability to work independently and under time pressure.

Responsibilities

• Conduct government securities tenders and syndications.
• Manage portfolios of liquid financial assets.
• Manage financial market risks by transacting in foreign exchange and interest rate derivative products.
• Provide financial markets advice to other government agencies.

Skills

Financial markets experience

Risk management

Communication skills

Decision making under pressure

Job description

Join New Zealand Debt Management and take the next step in your career, contributing to work that has a real impact on New Zealand's financial future.

• Work across domestic and global financial markets
• Join an ambitious, collaborative, and social team
• Enjoy varied and fast paced work, managing financial market risks across various NZD and foreign currency portfolios

Mō mātou | About Us

At the Treasury – Te Tai Ōhanga, we’re focused on securing a better future for Aotearoa New Zealand and the people who call it home. As the Government’s lead economic and financial advisor, we work to lift living standards now and for generations to come. We want Aotearoa to be prosperous, and for that prosperity to be sustainable and inclusive so all New Zealander’s can take part in a healthy and resilient economy and society.

Our talented people bring their diverse experience to some of the country’s most complex and inter-connected issues, including child wellbeing, climate change, health, housing and sustainable public financing. Every day, they influence, advise, and support Ministers, Crown Chief Executives and Government decision-makers to shape a thriving future for Aotearoa.

The New Zealand Debt Management (NZDM) division interacts closely with global financial markets. It is responsible for executing the Government's borrowing requirements and providing financial market expertise to the wider Crown. NZDM also contributes to the conduct of sustainable and stable fiscal policy. The debt programme provides the critical sovereign benchmark that supports the functioning of New Zealand’s financial markets.

Kōrero mō te tūranga | About the Role

We have an exciting opportunity to join the Portfolio Management team, based in Wellington. Portfolio Management is one of the functions of the New Zealand Debt Management team at the Treasury. The Portfolio Management team is responsible for managing the Crown's borrowing and liquidity needs, as well as providing corporate treasury services to government departments to manage financial market risks.

As Senior Portfolio Manager you will work alongside our high performing Wellington based team to

• Conduct government securities tenders and syndications
• Manage portfolios of liquid financial assets
• Manage financial market risks by transacting in foreign exchange and interest rate derivative products
• Provide financial markets advice to other government agencies

To be considered for this role, you will need to have significant financial markets experience and the ability to contribute to strategic risk management issues across the New Zealand Debt Management Directorate.

This is a permanent, full-time position (40 hours per week) based in Wellington, New Zealand.

Ō pūmanawa | About You

You will be a self-starter, who is comfortable working independently, and has demonstrable experience making effective decisions in complex situations and under time pressure. You will have five or more years of demonstrated experience managing complex risks across foreign exchange, interest rate and credit markets.

To be successful in this role, you will bring

• The ability to innovate, solve problems and deliver solutions
• A track record of excellent judgement
• Excellent oral and written communication skills
• The highest level of personal responsibility and ethics
• Strong relationship management and influencing skills

Ko ngā hua | What we Offer

This is an important job and that’s why we’ll do all we can to support your success.

• Flexible work arrangements will help you enjoy a positive work/life balance as well as having five weeks annual leave.
• Our numerous social events, sports teams and employee networks will enable you to connect and have fun.
• We’ll prioritise your development, offering you opportunities to train and advance your chosen career.
• The work will stimulate and challenge you, helping you learn, grow and build valuable experience and skills.

The wharenui, at the heart of our workplace, embodies our commitment to diversity and making this an inclusive place that will welcome the unique experiences and perspectives you bring to our collaborative team culture.

Appointments will be made based on the successful candidate’s skills, experience, and alignment with the requirements of the role.

Applications close at 11 55pm on Sunday, 13 September 2026.

For more information and a kōrero please contact us at [e-mail].

Kia Pono (Making a Difference) | Kia Whakamana (Enhancing Mana) | Kia Hono (Achieving Together)