Head of Portfolio Design Head of Portfolio Design …

HESTA Super fund
in Melbourne, Victoria, Australia
Permanent, Full time
Last application, 26 Mar 20
Generous remuneration package and incentive plan on offer
HESTA Super fund
in Melbourne, Victoria, Australia
Permanent, Full time
Last application, 26 Mar 20
Generous remuneration package and incentive plan on offer
Newly created senior leadership role / Drive leading investment thinking / Lead HESTA’s investments portfolio strategy / Generous remuneration package and incentive plan on offer

Be inspired everyday – let your work make a difference

At HESTA we’re a leading national superannuation fund dedicated to people working in health and community services – a growing sector of ordinary people doing extraordinary things, day in day out, right across Australia.

More than 860,000 Australians trust HESTA with their money. We invest $55 billion of their savings globally, striving to generate strong investment returns and make a real difference to their financial futures. Our focus is on helping our members enjoy the retirement they’ve worked hard for. 

HESTA recognises that members’ best interests are served by supporting a healthy economy, environment and society, and we are willing to be gutsy advocates to drive meaningful change for generations to come.  We are a leading responsible and impact investor, and we are also the first Australian superannuation fund to be certified as Carbon Neutral.

The opportunity

We are seeking a strategically minded and member-focused Head of Portfolio Design. This pivotal senior leadership role will be responsible for leading the ‘top down’ aspects of the portfolio, including portfolio construction and risk analysis, economic and capital market research, and strategic tilting. This role will have pivotal leadership responsibilities, helping deliver the overall investment program and portfolio strategy, and will enhance an innovative, leading investment team with strong plans for growth in capability and capacity.

Reporting directly to the Chief Investment Officer, and will lead a team of three General Managers and the extended Portfolio Design team, this position will drive and lead change as we shift to our forward strategy embracing a hybrid model – combining strong internal capability alongside the best external asset management partners the world has to offer. 

Primary accountabilities

  • Work closely with the Head of Portfolio Management to instill a total portfolio approach, and work seamless as one team with one investment process and one measure of success
  • Provide thought leadership to design portfolios to achieve investment objectives and generate long-term sustainable net returns
  • Work collaboratively with other HESTA teams to evolve and develop product and investment options to ensure that the suit of investment offerings meet member needs
  • Develop and oversee leading portfolio risk management and analysis, including scenario and stress testing, and provide insights and recommendations
  • Lead the dynamic asset allocation process, to enhance the probability of achieving investment objectives by taking advantage of market opportunities and responding to emerging risks
  • Work in collaboration, across HESTA and our investment partners and networks, to drive and deliver the strategic research agenda
  • Participate as a member of the Management Investment Committee and Chair the Asset Allocation Forum
  • Oversee the rebalancing and currency overlays, and other derivative programs, including market relationships, risk management and compliance
  • Monitor and evaluate portfolio performance and risks (both ex-ante and ex-post), and make recommendations to improve the efficiency of the portfolio
  • Lead and empower the Portfolio Design team by embedding a clear investment process and impactful prioritisation
  • Foster a research driven culture across the business, and lead a quantitative centre of excellence
  • Actively contribute to HESTA Leadership and HESTA Investments Leadership teams
  • Build, maintain and uphold the investment decision processes, and supporting qualitative and quantitative tools and models, in line with leading practices
  • Work with CIO to coordinate the Investment Committee and board agendas, and ensure all deliverables meet quality and timeliness expectation

We are seeking someone with an extensive background in portfolio design operating at a senior management level with experience working with boards and investment committees. Significant experience researching, analysing and presenting investment findings and asset allocation recommendations will be critical to your success in this role.  A proven track record in people leadership, and in developing, engaging and retaining high performing teams, including through a significantly changing environment is essential.

An undergraduate and post graduate qualification focused on finance, economics or other related discipline will be highly regarded.

What’s in it for you?

  • Access to great benefits, including a market competitive remuneration package
  • An empowering governance and decision-making framework
  • Be part of an ambitious team, and an innovative and inclusive culture
  • Join one of the largest and fastest growing superannuation funds

HESTA is a great place to work but don’t take our word for it, we were named (again!) Employer of Choice for Gender Equality 2019.

Aboriginal and/or Torres Strait Islander people are encouraged to apply.

Please note: Applications via recruitment agencies will not be accepted for this position