Overview
Manager, Overlays – Future Fund (City of Melbourne). The Manager, Overlays role is an exciting opportunity to help design, implement and manage a whole of portfolio derivatives overlay program. You'll help shape how derivatives are used to complete portfolio exposures, manage hedging activities and enhance risk-adjusted return outcomes. Working within the Overlays team (part of Portfolio Design), you'll drive overlay implementation strategy and day-to-day portfolio management, partnering with internal stakeholders and directing execution through external overlay managers.
Responsibilities
* Act as a derivatives subject-matter expert for the overlays team and broader organisation — communicate overlay structure, objectives and performance clearly, and provide implementation advice on derivative market access.
* Own the full lifecycle of overlay derivative transactions — from idea formation through manager instruction, operational coordination, monitoring and reporting, and continuous uplift of transaction processes and controls.
* Direct and oversee external manager execution quality, ensuring strong trade integrity and best execution discipline across execution agents.
* Translate portfolio objectives and risk biases into efficient overlay strategies across multiple asset classes and both linear and non-linear instruments.
* Contribute to portfolio modelling, reporting and technology uplift, improving information quality for decision making and risk management through a whole-portfolio monitoring approach.
About You / Qualifications
* Demonstrated experience across front-office trading, portfolio management and risk management of derivatives, ideally spanning multiple asset classes and both linear and non-linear products (e.g., options).
* Strong understanding of market structure, instrument pricing and counterparties; ability to direct transactions through external execution managers.
* Ability to lead idea generation and provide considered portfolio recommendations, supported by strong judgement and a whole-portfolio perspective.
* Experience with derivative pricing / portfolio risk systems, and a track record of improving or innovating systems and reporting (or assessing off-the-shelf tools).
* Exceptional attention to detail and data integrity across the full trade lifecycle.
* Clear, influential communicator who can explain complex overlay concepts to diverse stakeholders and build alignment around strategy changes.
* Open to Australian citizens only.
Additional Information
Application end date: 21 April 2026. This posting reflects the opportunity within Future Fund, Australia's Sovereign Wealth Fund, and its broader mission and culture.
#J-18808-Ljbffr