What role will you play?
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.
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
At Macquarie, you’re empowered to shape a career that’s rewarding in all the ways that matter most to you. Macquarie employees can access a wide range of benefits which, depending on employment type, include:- 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.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.