At a Glance
- Tasks: Lead model risk management and enhance climate scenario analysis for stress testing.
- Company: Join Macquarie, a global financial services leader with 57 years of success.
- Benefits: Enjoy wellbeing leave, flexible work, parental leave, and professional development opportunities.
- Other info: Inclusive environment valuing diverse perspectives and experiences.
- Why this job: Make a real impact on climate risk resilience and shape a sustainable future.
- Qualifications: 4+ years in model risk management and strong analytical skills required.
The predicted salary is between 118800 - 145200 $ per year.
Our team leads enterprise-wide stress testing and provides balance sheet and risk insights across a range of key programmes. We manage the end-to-end stress testing process, oversee model risk activities and deliver climate scenario analysis to support sustainability reporting and climate risk resilience assessments.
In this role you will lead and strengthen the first-line model risk management framework for stress testing while supporting the delivery and enhancement of climate scenario analysis. You will work closely with Risk, Finance and business teams to oversee model governance, challenge assumptions and methodologies, and translate complex outputs into clear insights for senior stakeholders, governance forums and reporting.
What You Offer
- 4+ years’ of experience in model risk management, model governance, validation, stress testing or a related risk discipline within a regulated financial institution.
- Strong understanding of model risk frameworks, governance, controls, policies and standards, including model lifecycle management.
- Experience working with model owners, validation teams and senior stakeholders to identify, manage and remediate model risk issues.
- Experience in climate scenario analysis, climate risk or financial stress testing, with the ability to assess assumptions, interpret results and understand financial risk impacts.
- Strong analytical and stakeholder management skills, with the ability to communicate complex risk insights clearly and drive continuous improvements; experience with Python, data analytics or quantitative modelling is highly regarded.
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 Financial Management, People and Engagement
Financial Management, People and Engagement (FPE) provides a single interface for Macquarie’s businesses across key areas of people, strategy, communications and financial management. Comprising two pillars – Financial Management, and People and Engagement – it is responsible for managing the Group’s financial, tax and treasury activities and strategic priorities, fostering our culture through people and community engagement strategies, and engaging with stakeholders to protect and promote Macquarie’s reputation globally.
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.
Lead Stress Testing, Climate Risk & Model Governance 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.
