At a Glance
- Tasks: Validate financial models and ensure compliance with regulations while delivering high-quality risk management outcomes.
- Company: Join Macquarie, a global financial services leader with a strong commitment to innovation.
- Benefits: Enjoy wellbeing leave, flexible work options, and professional development opportunities.
- Other info: Be part of an inclusive team that values diverse perspectives and experiences.
- Why this job: Make a real impact in risk management and shape your career in a supportive environment.
- Qualifications: Strong quantitative skills and experience in financial modelling or risk management are essential.
The predicted salary is between 82800 - 101200 $ per year.
Join our Model Risk Management team based in Sydney who have a global responsibility for ensuring that key financial and risk models used by Macquarie are appropriately managed and validated. We are a global financial services group operating in 30 markets with 57 years of unbroken profitability. At Macquarie, you’re empowered to shape a career that is fulfilling and creates value. You will bring your insights and expertise to the task at hand and feel supported as you make your own kind of impact for a better future.
As an Analyst/Senior Analyst, you will be responsible for the independent validation of models used for risk such as Counterparty Credit Risk (CCR), Valuation Adjustments (XVA) and Standardised Initial Margin Model (SIMM), and/or derivative pricing models used for trading activity in various asset classes. The broad impact of the role means you will manage and deliver high calibre risk management outcomes to senior stakeholders. Macquarie is subject to regulatory supervision and thus the role also requires ensuring compliance with Australian regulations that include APS180, CPS226, and APS116. In addition, our team has global reach performing validations used to meet the local regulatory requirements of Macquarie’s entities around the world.
What you offer:
- Strong quantitative educational background, exceptional problem-solving skills, and an ability to independently manage model validations.
- Entry level or up to 5 years' of experience in financial modelling or risk management, including a deep understanding of financial products, key risk factors, and advanced modelling techniques.
- Familiarity with areas such as model performance assessments including back-testing, curve bootstrapping, simulation methodologies, optimisation or regression analysis is favourable.
- Effective collaboration and communication skills, capable of working with multiple stakeholders to achieve strong model risk outcomes and an analytical mindset that can navigate model risk policies and regulations.
- Experience with model calibration using statistical or stochastic models, advanced numerical/statistical techniques, with knowledge of computational finance.
- Proficiency in high-level programming languages (Python, R); exposure to low-level languages (C++) is valuable.
What we offer:
- 1 wellbeing leave day per year.
- Up to 5 additional service bonus leave days per year.
- Up to 20 weeks’ paid parental leave for primary caregivers along with 12 days of transition leave upon return to work, and 6 weeks’ paid leave for non-primary caregivers.
- 2 days of paid volunteer leave and donation matching.
- Up to 12 months’ gender affirmation leave, including 6 weeks’ paid leave.
- Access to Employee Assistance Program and wellbeing benefits including skin and health checks, and flu vaccinations.
- Access to a wide range of salary packaging options.
- Access to a wide range of learning and development opportunities, including reimbursement for professional membership or subscription.
- Hybrid and flexible working arrangements, dependent on role.
- Reimbursement for work from home equipment.
About the Risk Management Group:
Our Risk Management Group works as an independent, and centralised function, responsible for independent and objective review and challenge, oversight, monitoring and reporting in relation to Macquarie’s material risks. We are a global team that aims to manage the risks of today and anticipate the risks of tomorrow. Our divisions include compliance, credit, financial crime risk, market risk, operational risk, aggregate risk and prudential, and central.
Inclusion at Macquarie:
We are committed to providing an inclusive environment for all, where different experiences, skills and perspectives are valued and respected. Macquarie provides access to opportunities for all individuals regardless of race, colour, religion, sex, sexual orientation, national origin, age, disability, protected veteran status, genetic information, marital status, gender identity or any other characteristic or circumstance. We provide reasonable adjustments to individuals who may need support during the recruitment process and employment. If you require an adjustment, please let us know during the application process.
Analyst/Senior Analyst, Model Risk Management employer: Macquarie Bank Limited
At Macquarie, we pride ourselves on being an exceptional employer, offering a dynamic work culture that fosters collaboration and innovation within our Technology team. With a strong commitment to employee wellbeing, we provide generous benefits such as wellbeing leave, paid parental leave, and extensive learning opportunities, all while empowering you to shape a fulfilling career in a global financial services environment. Join us in making a meaningful impact as we drive technology solutions that support business outcomes across 30 markets.
