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Credit Risk Model Validation - Senior Manager, Sydney

Macquarie Group Limited

Job Description

Do you have an interest in understanding the risks faced by diverse financial institutions? Are you looking for a challenging role as part of a dynamic team? Join our Regulatory Affairs & Aggregate Risk division within the Risk Management Group and drive the delivery of model validation and risk insights across a broad-spectrum of credit risk models.

As part of Regulatory Affairs & Aggregate Risk, you will have a demonstrable impact on Macquarie’s model risk framework and risk analytics. This role will provide visibility and interaction with many global stakeholders, including all the operating businesses, Risk Management, Group Treasury, Finance, and Macquarie’s senior management.

You will be responsible for the validation of key credit risk models and influencing risk outcomes by identifying actionable insights on model and business performance, whilst using quantitative and qualitative analysis to draw out conclusions, raise issues and required actions. You will lead initiatives to ensure continuous improvement in our model validation approach and framework and set direction and forward plan the validation activities and manage key stakeholder engagements.

You will have experience in a similar credit modelling function with a strong interest and curiosity in the validation of credit risk models for a diverse financial institution, coupled with an understanding of the key regulatory / accounting requirements (IFRS 9, BASEL III – IV). Your experience across wholesale and retail credit risk modelling techniques will be highly regarded, along with your ability and desire to understand key risk drivers which explain portfolio performance. With strong numerical and analytical skills, your talent to synthesise and communicate complex concepts to non-technical stakeholders will see you flourish in this role. Strong knowledge of Microsoft Office and data manipulation and visualisation software such as R, SQL, Alteryx and PowerBI will be advantageous.

About the Risk Management Group

The Risk Management Group (RMG) is an independent, centralised unit responsible for ensuring all risk across Macquarie are appropriately assessed and managed. Its divisions include Behavioural Risk, Compliance, Credit, Financial Crime Risk, Internal Audit, Market Risk, Operational Risk, Regulatory Affairs and Aggregate Risk, and RMG Enterprise Support.

Our commitment to Diversity and Inclusion

The diversity of our people is one of our greatest strengths, and in combination with our inclusive environment, it enables us to deliver innovative and sustainable outcomes for our people, clients, shareholders and communities. From day one, you'll be encouraged to be yourself and supported to perform at your best. If our purpose of ‘empowering people to innovate and invest for a better future’ is as inspiring to you as it is to us, please apply. With the right technology, support and resources, our people can work in a range of flexible ways.

We are committed to providing a working environment that embraces and values diversity and inclusion. We encourage candidates to speak with a member of our recruitment team if you require adjustments to our recruitment process to support you, and the type of working arrangements that would help you thrive.

About Macquarie

A career at Macquarie means you’ll have the opportunity to develop and utilise new skills, explore interesting fields and do challenging work that will impact the lives of people around the world—whether it’s accelerating the green energy transition, helping sustain global food supplies, financing social housing projects or investing in essential infrastructure. At Macquarie, we’re empowering people to innovate and invest for a better future.

Our size and international presence means your work can take you anywhere—across business groups, disciplines, sectors and borders. With 16,300+ employees and offices in 31 markets around the world, we’re a truly global organisation.

You’ll be supported by a diverse team where the unique perspectives, ideas and experiences that all of our people bring are valued. You’ll be empowered to address unmet needs in our communities whilst advising and investing alongside our clients and partners. Working with us, you’ll have the opportunity to make a difference.

Macquarie is a global financial group providing clients with asset management, retail and business banking, wealth management, leasing and asset financing, market access, commodity trading, renewables development, investment banking and principal investment.

Job no: RMG-957062
Work type: Full time
Location: Sydney
Category: Mid-senior, Compliance, Legal & Regulatory, Credit, Risk Management
Group: Risk Management Group
Division: RAAR
Recruiter: Hannah Pain
Opening Date: 07/4/2021