We operate with separate front, middle and back offices. This structure leads to clearly defined responsibilities and accountabilities, procedural controls and the separation of duties.
The Portfolio Management team is responsible for issuing debt (mainly through tenders for government securities), managing a portfolio of New Zealand dollar and foreign-currency assets, relationship management with investors, clients and rating agencies, and providing capital markets advice and services for departments and government entities.
The Risk team is responsible for measuring performance in adding value, measuring risk, monitoring compliance with the approved policies for managing the Government's net debt portfolio. A portfolio and risk management framework is maintained in a way that is consistent with international best practice, assessing financial risks across the Crown's balance sheet, and formulating an Asset and Liability Management framework for the Crown as a whole.
The Accounting and Transactional Services team is responsible for inancial reporting and policy, producing debt servicing and cash flow forecasts, ensuring that all transactions are settled and reconciled in a timely, efficient and secure manner, processing departmental and Crown disbursements and managing registry operations for Crown securities.