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Model Validation Manager/Senior Manager

Hong Kong, Singapore, Sydney

  • Quantitative opportunity – working on the validation of Capital (including Credit, Market, FRTB, IRRBB), Provisioning and Stress Testing models across Macquarie
  • Global model validation team
  • Role is based in Sydney. Relocation assistance may be available for the right candidate. We are also open to considering candidates based in Singapore or Hong Kong

You will join our Model Risk Management team, who have global responsibility for ensuring the appropriateness and integrity of key financial models used by Macquarie.

The role provides you with the opportunity to be a part of a team that thrives on cross skilling, ensuring that your skillset and knowledge are stretched and developed.

In this role, you will play an active role in reviewing models that are used for Capital calculations (including in both Market Risk and Credit Risk), Economic Capital, Stress Testing and Credit Provisioning (IFRS9/AASB9). This includes performing validation for models that are designed to comply with new standards such as FRTB and updates to APS117 (IRRBB) and APS113 (Credit). In addition, the team has global reach, performing validations for models used to meet the local regulatory requirements of Macquarie’s entities around the world.

You will bring with you:

  • a quantitative educational background and exceptional problem-solving skills
  • a good understanding of financial markets and key risk factors for financial products
  • experience in a quantitative role with hands on exposure to modelling and implementation
  • programming skills, ideally C++ or Python (OO programming) or R
  • great attention to detail and focus on timely delivery
  • the capacity to effectively communicate technical concepts to key stakeholders, both verbally and in writing
  • an interest in performing model validation work, as described in a cover letter

Previous experience working with Market Risk models and good programming skills would be an advantage.

We will provide unique in-house training to enhance your modelling skills. Bring with you a demonstrated proficiency in computer programming and analytical techniques, plus a willingness to learn. 

Cover letter strongly encouraged.

About the Risk management Group

Risk Management Group is an independent, centralised unit responsible for ensuring all risks 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 18,000+ employees and offices in 33 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, specialist advisory, capital raising and principal investment.

Find out more at www.macquarie.com/careers

Job no: RMG-963542
Work type: Permanent - Full time
Location: Hong Kong, Singapore, Sydney
Category: Mid-senior, Mid-level, Quantitative Analytics, Risk Management
Group: Risk Management Group
Division: RAAR
Recruiter: Heather Noto
Opening Date: