At a Glance
- Tasks: Validate financial models and ensure compliance with regulations in a dynamic team.
- Company: Join Macquarie, a global leader in financial services with a supportive culture.
- Benefits: Enjoy wellbeing leave, flexible work options, and professional development opportunities.
- Other info: Diversity and inclusion are at our core; we welcome all backgrounds.
- Why this job: Make a real impact in risk management while collaborating with diverse teams.
- Qualifications: Strong quantitative skills and 2+ years in risk management required.
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. At Macquarie, our advantage is bringing together diverse people and empowering them to shape all kinds of possibilities. You’ll be part of a friendly and supportive team where everyone – no matter what role – contributes ideas and drives outcomes.
As an Analyst/Senior Analyst, you will be responsible for the independent validation of models used for Counterparty Credit Risk (CCR), Valuation Adjustments (XVA), the Standardised Initial Margin Model (SIMM) and associated valuation pricing models used for trading activity. The broad impact of the role means you will manage and deliver high caliber 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.
- 2+ years' experience in risk management, including a deep understanding of financial products, key risk factors, and advanced modelling techniques regarding CCR, model performance assessments including back‑testing, and curve bootstrapping.
- 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.
We love hearing from anyone inspired to build a better future with us, if you're excited about the role or working at Macquarie we encourage you to apply.
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.
Our Commitment to Diversity, Equity and Inclusion
We are committed to fostering a diverse, equitable and inclusive workplace. We encourage people from all backgrounds to apply and welcome all identities, including race, ethnicity, cultural identity, nationality, gender (including gender identity or expression), age, sexual orientation, marital or partnership status, parental, caregiving or family status, family and domestic violence status, neurodiversity, religion or belief, disability, or socio‑economic background. We welcome further discussions on how you can feel included and belong at Macquarie as you progress through our recruitment process. Our aim is to provide reasonable adjustments to individuals who may need support during the recruitment process and through working arrangements. If you require additional assistance, please let us know in the application process.
Analyst/Senior Analyst, Model Risk Management in Sydney employer: Macquarie Group
Macquarie Group is an exceptional employer that fosters a collaborative and innovative work culture, where employees are empowered to drive meaningful change through data-driven insights. With a strong focus on professional development, the Global Reward Advisory team offers ample opportunities for growth and learning, all while being part of a dynamic global network that values diverse perspectives and encourages impactful contributions.
