Are you ready to be part of an organisation that values expertise, passion and diversity? At CFS we know that the foundation of our success lies in our exceptional people. We believe in celebrating individuality, have a passion for high performance and creating an environment where you can unleash your full potential. Our people enable us to make a difference and deliver exceptional experiences to help our customers achieve financial freedom.
Your Team
The Managed Accounts team is part of CFS’s Superannuation and Investment business unit which is accountable for both First Choice and Edge Managed Account product range. This role and the team play an important part in the success of CFS’s strategic priorities.
Your Responsibilities
As the Senior Portfolio Construction Specialist of Managed Accounts, this role will ensure the range of portfolios, made available to our clients, meet the needs of our clients and are managed to a high a standard. Customers are able to invest in through a managed account meet the high standards that clients expect, and that there is a range of portfolios to meet the needs of clients using the CFS First Choice and Edge range of platforms.
- Conduct initial and ongoing due diligence on investment managers within the managed accounts program.
- Assess investment philosophy, process, risk controls, and operational infrastructure.
- Evaluate manager alignment with client mandates, platform requirements, and regulatory standards.
- Monitor performance, risk metrics, and compliance of managed account portfolios.
- Analyse portfolio construction, asset allocation, and deviation from model portfolios.
- Identify underperformance or style drift and escalate concerns to governance committees.
- Prepare detailed governance reports for internal investment committees and external stakeholders.
- Ensure portfolios meet fiduciary, legal, and regulatory obligations (e.g., RG 779, ASIC guidelines).
- Maintain robust documentation of investment decisions, reviews, and manager interactions.
- Collaborate with product, compliance, legal, and platform operations teams.
- Engage with external investment managers, research houses, and platform providers.
- Provide insights and recommendations to senior leadership and governance forums.
Your Capability and Experience
- Proven experience in investment analysis, portfolio management, or financial services.
- Strong background in managed accounts, SMA/IMA structures, and platform governance.
- Familiarity with APRA, ASIC, and AFSL regulatory frameworks.
- Advanced analytical and quantitative skills.
- Excellent communication and strong stakeholder engagement – particularly with asset consultants
- Strong understanding of portfolio theory, risk management, and investment governance.
- High attention to detail and ability to manage multiple priorities.
- Proficiency in investment tools such as Morningstar Direct, IRESS/IOS, Bloomberg.
What to Expect
At CFS, you'll be working among the very best in the wealth management industry. It's an inspiring environment that encourages development and celebrates success. Other things to look forward to:
- Access to CFS Employer Super, which offers an expansive investment menu and flexible insurance solutions
- Support with financial services, including discounts on home loans and daily bank accounts through our partnership with a leading financial institution
- Access to 24/7 confidential support covering safety, medical and mental health services
- Life Leave - 3 days per annum to focus on your wellbeing or celebrate a special event
- Exclusive discounts on retail, travel and entertainment
- Additional leave day to celebrate your birthday
CFS Culture
At CFS we are committed to creating a thriving environment where individuals can flourish. We believe that success is built upon strong teams, and we are dedicated to celebrating uniqueness, championing individuality and supporting a diverse and inclusive workforce. We believe that when you can truly be yourself, you can unlock your full potential.
Apply today and join us in helping Australians to achieve their financial freedom.
Please note, CFS requires all candidates to have full work rights in Australia.
Where we have preferred candidates, background checks (including Police, Employment, Bankruptcy checks, ASIC banned and disqualified persons) will be completed prior to the final preferred candidate’s employment being confirmed. The outcomes of the background checks do not preclude the preferred candidate, however, they will be assessed against the inherent requirements of the role.
This role is based on Gadigal Land (Sydney).