Investment Manager

Careers with Impact More than one million Australians trust HESTA with their money.
HESTA is a top-performing industry super fund working for real-world impact.
We use our expertise and influence to deliver strong long-term returns while accelerating our contribution to a more sustainable world.
HESTA is also an inspiring and rewarding place to work.
That's because what we do makes a difference to the lives of our members.
The people who work at HESTA are not only exceptional at what they do, they're focused on living and creating a strong organisational culture.
We're an industry super fund dedicated to the people who keep our communities going.
People who provide some of the best health, education and community services in the world are HESTA members - and we are proud to serve them.
Bring your authentic and passionate self to this exceptional role #careerswithimpact As the Investment Manager - Portfolio Risk, you will be responsible for developing and maintaining high-quality risk models and analytics to monitor, stress test, and inform investment risk-taking.
Reporting to the General Manager - Portfolio Construction and Risk, you will work collaboratively across the Investment Management team to provide insights on emerging macro or market opportunities and risks in the portfolios and make investment recommendations to improve portfolio performance.
While role-modeling and championing a strong risk culture, you will develop and maintain comprehensive long-term risk budgeting models, develop customized risk dashboards, monitor changes to portfolio positioning and risk exposures, and report investment risk outcomes (both ex-post and ex-ante) against target investment objectives.
You will be responsible for developing HESTA's whole-of-fund ex-ante core risk models, including portfolio risk mapping, stress testing, scenario analysis, and risk playbooks.
You will have the opportunity to work on projects and contribute to the strategic asset allocation process, asset class strategies, research volatility, provide views on tilts, and partner with members of the investment team to drive continuous improvement and innovation in HESTA's risk infrastructure to enable agile, risk-aware decision-making.
This role could be based in Melbourne or Sydney.
About you As an experienced investment risk professional with a Total Portfolio Approach mindset, successful applicants will need to demonstrate: Experience in statistical/econometric modelling A proven track record in people leadership Demonstrated experience in identifying opportunities for process efficiencies Experience in quantitative analysis and interpretation of capital market data Deep knowledge of the application of asset allocation optimization techniques and use of quantitative risk modelling Knowledge of investment compliance and risk management frameworks, especially as it relates to portfolio risks Deep knowledge of portfolio construction approaches, Monte Carlo simulation, and other risk modelling considerations (e.g., Value at Risk, tracking error, risk factor analysis) Deep understanding of interrelationships of different asset classes and sub-betas within and across total portfolio Benefits that matter and make a difference for our employees Leave for those moments that matter, an additional 6 days of leave at the end of the year, up to 6 days paid volunteer leave, gender-neutral paid parental leave of 20 weeks, gender affirmation leave, reproductive health and wellbeing leave, cultural and ceremonial leave.
Access your LSL after 3 years, take AL at half pay, and purchase up to 2 weeks additional leave.
Your professional development matters, up to $5k per year for professional development and up to 8 days of professional development leave, HESTA scholarships, and free access to a range of premium learning tools.
Your health and wellbeing matter, free annual flu shots and skin checks, social events throughout the year, and a comprehensive employee assistance program available 24/7.
Your financial wellbeing matters, up to 15% superannuation, financial planning support, year-end payments for all Enterprise Agreement-covered employees, incentivized employee referral program, and novated lease options.
We celebrate, value, and include people of all backgrounds, genders, identities, cultures, and abilities.
We welcome applications from First Nations people, physically, neuro, or culturally diverse individuals, LGBTQI+, and people of any age.
We are proud to be WGEA accredited as an Employer of Choice for Gender Equity.
We want all candidates to feel safe, included, and provided with the best opportunity to thrive.
If you require reasonable adjustments during your application or throughout the recruitment process, please reach out to a member of the Talent team.
Visit hesta.com.au and we'll call you to discuss.
Please note: Applications via recruitment agencies will not be accepted for this position.
This is a key role in Investment Management responsible for risk models and analytics to monitor, stress test, and inform investment risk-taking.
Flexible hybrid working and enhanced leave entitlements are available.
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