About us:

Financial Services (FS) provides specialist services, to both customer-facing and customer-supporting teams, in the areas of finance, audit, treasury, tax, investor relations, property and security.

Group Treasury as part of FS is accountable for the management of the 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 optimization, as well as the assessment and monitoring of the Group’s overall balance sheet performance. It owns and executes a liability and funding strategy consistent with an objective of balance sheet optimization while adhering to the 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—arising from lending and deposit taking activities, as well as the investment of the CBA Group’s liquid assets and shareholders’ funds.

The London CIO team is responsible for the management of all Treasury activities of the London Branch. The team is focused on the effective management of balance sheet portfolio risks and investment activity whilst ensuring appropriate liquidity and funding settings in the London Branch.

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. You will drive high-quality market engagement, ensure best execution within the Group’s risk and governance frameworks, and contribute to portfolio optimisation, liquidity management, and sustainable returns on capital.

You will partner closely with the CIO team and collaborate with stakeholders across funding and liquidity, analytics, capital optimisation, finance, credit, risk and operations. The role demands 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. This is a role where your judgement, market experience and disciplined risk mindset will directly contribute to portfolio performance and strategic outcomes.

This role report 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:

Advertising End Date: 29/04/2026