Senior Portfolio Manager - Principal Finance & Capital Markets

Sydney | Challenger Limited

Challenger Limited is an ASX-listed investment management firm managing $120 billion in assets (as at 30 June 2026).Life with us is quick moving and always exciting. Together we’re driving to deliver our vision to provide our customers with financial security for a better retirement.

We achieve this goal by providing a work environment where people from diverse backgrounds, with a range of skills and experiences can contribute and succeed.

Challenger Investments is seeking a Senior Portfolio Manager to join our Principal Finance & Capital Markets team in Sydney. The role spans two functions:

The Principal Finance function is responsible for originating, executing and managing transactions where Challenger Investments, acting as principal, acquires mortgage and other loan portfolios from banks, non-banks and corporates. The Principal Finance function also oversees strategic equity investments linked to asset origination partnerships.

The Capital Markets function provides enterprise‑wide leadership and support across origination, investment structuring, financing and strategy implementation, executing effectively alongside asset class teams as well as the Investment Strategy team while ensuring alignment to funding sources, return on capital objectives and balance sheet, funds & mandates constraints.

About The Team

You’ll sit within Challenger Investments, alongside the broader Credit Team, Investment Strategy and Asset Liability Management, as well as Risk, Legal, Compliance and Finance - a collegiate, commercially minded environment where senior people are given real ownership.

About The Role





Transaction Origination & Execution

- Contribute to building a pipeline of whole loan portfolio acquisitions, whether static portfolios or forward flow transactions, including opportunities to expand and deepen existing partnerships
- Lead the origination and execution of new whole loans transactions end-to-end:
- Conducting extensive investment due diligence in partnership with Challenger Group Line 2 teams
- Structuring and pricing
- Cashflow modelling and scenario analysis
- External stakeholder management including originator, servicer, senior funder, rating agency, trustee and other transaction counterparties
- Preparing investment papers for internal approvals
- Transaction legal documentation
- Building and maintaining strong relationships with issuers, banks and counterparties

Portfolio Management & Oversight

- Actively contribute to portfolio construction for the Principal Finance strategy
- Closely manage existing investments, including compliance with transaction covenants and risk limits, performance monitoring, driving amendments or restructures where needed
- Design and implement upgrades to the internal operational framework, with particular emphasis on execution efficiency, rigorous ongoing transaction management, and timely, accurate reporting

Structuring & Financing





- Contribute to portfolio- and deal-level decision-making, as required, by providing structuring and funding insight, testing feasibility against funding, capital and balance‑sheet constraints
- Lead initiatives to design efficient structures and financing packages and work with the relevant stakeholders to implement.

Leadership & Internal Engagement

- Act as a senior representative for the team
- Expand capabilities across the team by supporting and developing talent with strong technical skills, commercial judgement, risk awareness and enterprise thinking
- Collaborate closely with the ANZ and Offshore ABS teams to ensure coordination and drive the continued growth of Challenger’s asset-backed credit platform
- Work closely with internal stakeholders across Legal, Credit Risk, Finance, Compliance and Operations

Enterprise Integration & Governance

- Ensure structuring, financing and strategy implementation activities meet board- and committee‑approved governance frameworks and risk limits, regulatory expectations, and best‑practice governance standards
- Collaborate with internal stakeholders to continuously uplift risk governance activities

What We’re Looking For

- 10 years+ of experience across structured credit or asset-backed finance markets
- Strong understanding of securitised credit, mortgage lending and consumer credit asset classes
- Deep network and relationships across Australian non-banks and banks
- Highly numerate with advanced financial modelling skills, with the ability to quickly interpret data/figures
- Ability to work independently, take initiative and manage own tasks effecti

📌 Senior Portfolio Manager (Sydney)
🏢 Challenger
📍 Sydney