At a Glance
- Tasks: Enhance credit risk models and develop new methodologies for the Commodity Markets division.
- Company: Join Macquarie, a global financial services leader with 57 years of profitability.
- Benefits: Enjoy wellbeing leave, paid parental leave, volunteer days, and flexible working arrangements.
- Other info: Inclusive environment with excellent learning and development opportunities.
- Why this job: Make a real impact in risk management while shaping your rewarding career.
- Qualifications: 6+ years in financial services with expertise in credit risk modelling.
The predicted salary is between 121500 - 148500 $ per year.
Join our Credit Modelling team in the Counterparty Credit Risk function, and be responsible for aspects relating to the counterparty credit risk exposure measurement and methodology for the Commodity Markets and Finance division.
As a senior team member, you will enhance existing counterparty credit risk (CCR) models and contribute to the development of new modelling methodologies and tools that meet both internal and regulatory requirements. You will calibrate risk factor evolution model parameters for newly traded assets and for those not yet incorporated into the CCR system. You will be responsible for maintaining and developing processes and tools to monitor CCR model performance, analysing model outputs, and preparing high-quality reports for stakeholders. You will also coach and support the development of junior team members.
In addition, you will support the transition away from legacy non simulation-based models by onboarding additional assets and products into the primary CCR model, as well as supporting Commodity Markets and Finance Front Office and Credit queries relating to CCR models.
What you offer
- 6+ years of experience in financial services, preferably in investment banking or trading systems support
- Experience developing/validating CCR models and understanding CCR and the economic, regulatory and market environments in which Banks operate
- Knowledge of financial market products, market conventions and regulatory requirements
- Strong knowledge and understanding of commodity markets
- Good knowledge of numerical methods, stochastic calculus, and probability theory
- Strong communication skills (verbal and written English) and excellent stakeholder management skills
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/Senior Manager – Counterparty Credit Risk 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.
