At a Glance
- Tasks: Lead the validation of credit risk models and ensure compliance with regulatory standards.
- Company: Join Macquarie, a global financial services leader with a strong track record.
- Benefits: Enjoy flexible working, wellbeing leave, and extensive professional development opportunities.
- Other info: Be part of an inclusive team that values diverse perspectives.
- Why this job: Make a real impact in risk management while shaping your career in finance.
- Qualifications: 5+ years in quantitative risk modelling with strong analytical skills.
The predicted salary is between 113400 - 138600 $ per year.
Join our Model Risk Management team in Sydney, where you will play a key role in the independent review and validation of credit risk models used across Macquarie's global businesses. You will be part of a high-performing team responsible for ensuring the appropriateness, integrity and effectiveness of models that support critical risk and regulatory decision-making.
As a Manager within Model Risk Management, you will play a key role in the independent validation and review of Credit Risk models across the Group. This includes models supporting regulatory and economic capital, probability of default, loss given default, exposure at default, credit portfolio modelling, stress testing and provisioning (IFRS9/AASB9). You will assess model design, methodology, implementation and performance against regulatory requirements and industry best practice, while providing independent challenge to model developers and stakeholders. You will work closely with Risk, Finance, Data, Technology and business teams to ensure model risk is appropriately identified, assessed and managed.
The team has global reach, supporting Macquarie's businesses and regulated entities across multiple jurisdictions, providing exposure to a broad range of portfolios, products and regulatory frameworks.
What You Offer
- 5+ years' experience in a quantitative, risk modelling or model validation role.
- Strong understanding of Credit Risk modelling concepts, including PD, LGD, EAD, stress testing and provisioning methodologies.
- Experience validating, developing or reviewing credit risk models within banking, financial services, consulting or a related environment.
- Familiarity with prudential and regulatory requirements, including APS113, Basel standards and/or IFRS9/AASB9.
- Strong analytical, problem-solving and stakeholder management skills.
- Excellent communication skills, with the ability to provide clear and constructive challenge.
- Experience with statistical programming tools such as Python, SAS, R or SQL is advantageous.
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.
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.
Manager, Credit 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.
