About us
Financial Services (FS) provides specialist services to both customer-facing and customer-supporting teams in finance, audit, treasury, tax, investor relations, property and security. Group Treasury is accountable for managing non-traded market risk for CBA including interest rate, foreign exchange, funding and liquidity risks associated with the Group’s lending and deposit‑taking business and the investment of shareholders’ funds. Group Treasury’s remit also incorporates capital optimisation and monitoring the Group’s overall balance sheet performance. It owns and executes a liability and funding strategy consistent with an objective of balance sheet optimisation while adhering to regulatory requirements.
Your team
The Chief Investment Office (CIO) is a global team within Group Treasury responsible for managing the Group’s banking book market risks—interest rate, foreign exchange, and credit spread—from lending and deposit‑taking activities, and for the investment of the CBA Group’s liquid assets and shareholders’ funds. The London CIO team manages all Treasury activities of the London Branch and focuses on effective management of balance‑sheet portfolio risks and investment activity while ensuring appropriate liquidity and funding settings.
Picture yourself in the team
The Portfolio Manager plays a critical role in the strategic enhancement of the London portfolio, combining market‑facing execution across money markets, FX, credit, rates and derivatives with deep analytical and balance‑sheet expertise. The role requires strong external engagement with market counterparties, a commitment to continuous process and technology enhancement—including AI‑enabled tools—and the ability to deliver insights that shape portfolio strategy and support Group Treasury priorities. The Portfolio Manager reports to the Senior Portfolio Manager, Treasury London.
Do work that matters
- Manage engagement across relevant securities and derivative markets, delivering best execution while operating within the Group’s risk, limit, and governance frameworks.
- Deliver accurate and timely portfolio reporting, including trade entry, position management, forecasting, and desk administration, continually refining processes to support evolving products and workflows.
- Leverage AI‑driven tools and advanced analytics to streamline workflows, elevate decision‑making, and realize meaningful productivity and efficiency gains.
- Develop high‑quality insights and recommendations that inform balance‑sheet risk management, funding strategy, portfolio optimization, and sustainable returns on capital.
- Oversee liquidity and funding positions to ensure the London branch remains prudently funded and compliant with all local regulatory requirements and Group limits.
- Liaise effectively with the global CIO team and broader Treasury stakeholders to progress portfolio initiatives and support Group Treasury priorities.
- Ensure strict adherence to the Group Treasury framework, dealing delegations, risk appetite settings, and all regulatory and compliance obligations.
- Uphold the Group’s Code of Conduct, demonstrating strong risk culture and sound judgement in all actions, decisions, and market interactions.
- People leadership responsibilities, providing clear direction, fostering high performance, and ensuring effective communication across the London Treasury team.
We are interested in hearing from you if you have
- Tertiary qualifications in Finance, Economics, Mathematics or Business; postgraduate study or professional accreditation will be viewed favourably.
- 3-4 years’ experience in a market‑facing role with exposure to funding markets, securities, and derivatives (not in Operations); experience within a Treasury, Bank, or Funds Management environment is preferred.
- Strong interest in global macroeconomic themes and the ability to apply market insights to portfolio positioning and decision‑making.
- Deep understanding of bank funding, liquidity management, and regulatory requirements, supporting effective and efficient balance‑sheet optimisation.
- Exceptional attention to detail with the capability to interpret and synthesise large datasets to uplift balance‑sheet performance and P&L outcomes.
- Advanced modelling and analytical skills, with experience in VBA, SQL, Python, and Tableau highly regarded.
- Experience in AI agent development or automation solutions that enhance productivity, analytics, and workflow efficiency.
- Proficiency with core Treasury and Markets systems, including Murex, Wall Street Systems, and Bloomberg.
- Strong communication and stakeholder partnership skills, with the ability to convey complex concepts clearly and influence decision‑making.
- Demonstrated risk mindset, proactively identifying, assessing, discussing, and managing current and emerging risks in line with CommBank expectation.
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