Senior Advisor, Portfolio Risk

Senior Advisor, Portfolio Risk Join our Portfolio Risk team in a senior advisory role where your financial risk expertise will help support the resilience of Aotearoa New Zealand's financial system. We're looking for a strategic and technically strong risk practitioner to lead key risk initiatives, provide trusted advice, and help strengthen best‑practice risk management at Te Pūtea Matua. The successful candidate will be based in our Wellington or Auckland office. Te tūranga – The role As a Senior Advisor in Portfolio Risk, you will provide strategic and technical leadership across financial risk management, helping strengthen how the Bank identifies, measures and manages balance sheet and traded risk. You will advise senior Money Group stakeholders, lead capability uplift and enhancement initiatives, and support strong oversight, governance and decision‑making in line with the Bank's policy objectives. Provide strategic and technical expertise across market, credit and liquidity risk management. Lead the development of risk models, stress testing, scenario analysis, capital modelling and exposure measurement. Drive improvements to risk systems, methodology, tools and technology to support best‑practice outcomes. Develop and operationalise financial risk policies, frameworks and governance practices. Provide clear advice on financial risks to support effective decision‑making and strong oversight. Support first and second line financial risk management and promote an integrated risk culture. Act as second‑in‑charge when required, including leading the team and executing key delegations. Coach, mentor and develop team members while leading capability uplift initiatives. Build effective internal and external relationships and deliver fit‑for‑purpose outputs. Contribute to broader Financial Markets, Group and cross‑functional priorities, including Te Tiriti, Te Ao Māori, diversity and inclusion, health and safety, and RBNZ values. Ō pūkenga – About you To succeed in this role, you will bring: A tertiary qualification in finance, quantitative finance, economics or a related discipline, or equivalent professional experience. Significant experience in financial markets, central banking or risk management, with strong expertise in market, liquidity and credit risk. Deep balance sheet knowledge, financial instrument valuation experience, and expertise in risk modelling, stress testing and scenario analysis. Strong data, quantitative and programming capability, including experience with tools such as Python, SAS/SQL, R or MatLab. Knowledge of key market and credit risk tools and techniques, including VaR, Expected Shortfall, PV01/DV01, expected credit loss, counterparty credit risk and CVA/DVA. Experience leading best‑practice risk initiatives, developing frameworks and policies, and supporting strong governance. Strong communication, judgement and leadership skills, with the ability to think holistically, motivate others and build capability. Knowledge and application of Te Tiriti o Waitangi, eligibility for NZ National Security Clearance, and flexibility for occasional inter‑office travel. 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, public transport subsidy, generous parental leave provisions, fitness passport, 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 #J-18808-Ljbffr