Strong prudential management has been a key to Macquarie's success over many years.  The Risk Management Group is an independent, centralised unit responsible for assessing and monitoring risks across Macquarie. This includes market and liquidity risk, credit risk, compliance risk and operational risk. Risk Management Group personnel liaise closely with all operating areas to ensure risks are understood and properly managed.

Market Risk is concerned with measuring and limiting Macquarie’s exposure to adverse movements in market rates - stock prices, commodity prices, interest rates, and foreign exchange rates. Due to the diversity and complexity of the products that Macquarie trades, this is a constantly challenging responsibility, but one that is pivotal to the Macquarie's business.

On a daily basis, Market Risk is responsible for setting, monitoring, reporting and enforcing risk limits across all the trading areas of the Group. In addition, Market Risk approval is required on all new deals and products prior to trading.  Whether it is a innovative exotic derivative structure, or the purchase of an entire trading business, Market Risk analysts work closely with the front office to ensure that the risks arising from the new venture are fully understood, and adequately constrained.

We are currently growing our Market Risk Team in Sydney to support Macquarie’s trading businesses.  If you are interested in financial markets and have a degree in engineering, science or mathematics this junior market risk position will enable you to use your strong quantitative and analytical problem solving skills to build a successful career in Market Risk. 

As a part of the Market Risk team you will:

• Be directly responsible for monitoring and reporting risk metrics on a daily basis to senior management, including the Managing Director.  In doing so, you will gain exposure to a wide range of businesses and products from around the globe.
• Interact constantly with the front office traders to ensure that the market risks arising from day-to-day trading positions are fully understood, and managed appropriately within the limit framework.
• Liaise with back office and support staff to ensure that the trading systems adequately represent the risk profile of the trading books, and that risk numbers are reported in an accurate and timely manner.
• Be involved in the approval of new products, businesses and trading strategies. This could be anything from a complex funding structure originated out of the Johannesburg office, to the acquisition of an electricity trading business in Houston.
• Be immersed in the global financial markets.  Understanding what drives financial markets - be that equity or commodity, fixed income or foreign exchange - and keeping abreast of market news and trends is a vital part of understanding and identifying potential risks.
• Assess the appropriateness of mathematical derivative pricing models within the context of real-world market conditions. A model is only as good as it's underlying assumptions - an important part of Market Risk's role is to determine whether new pricing models are appropriate for a particular financial instrument or market.
• Be part of a global team with staff in Sydney, Hong Kong, London,  New York Houston.

Qualifications

• Minimum requirements include a Bachelor’s degree in Engineering, Finance, Mathematics, Economics or related experience in energy trading and associated risk analysis
• Strong analytical skills
• Effective written and verbal communication skills
• Familiar with MS Excel and Access
• Ability to work in a fast paced environment, with the ability to juggle multiple deliverables

Please attach academics along with your application