Join our Regulatory Affairs team and play a key role in building our frameworks and assurance activities to support the work of the RAAR team and prudential risk management for our regional entities. The RAAR team in the EMEA region is focused on prudential rule interpretation and risk oversight for local regulated entities (including a European bank, the UK branch of an Australian bank, and a number of UK and European investment and asset management firms), stress testing, recovery, resolution and wind-down planning, and economic capital assessment for the EMEA non-banking entities in the Macquarie group.
As a member of the team, you will support the development of the frameworks, policies, governance, reporting and assurance activities in close collaboration with the EMEA Frameworks and Assurance team lead and the Global RAAR Frameworks & Assurance team, based in Sydney. Your specific responsibilities will include:
Frameworks & Policies: Supporting the creation, implementation, and uplift of RAAR EMEA owned frameworks and policies, and input into RAAR Global policies relevant to the EMEA region; establishing and maintaining the catalogue of RAAR EMEA-owned frameworks and polices, in alignment with Group; and establishing and maintaining RAAR EMEA owned control libraries.
Governance & Reporting: Supporting the establishment and maintenance of prudential mapping frameworks for EMEA entities, covering the Capital Requirements Regulation 2, the Investment Firms Regulation, the Investment Firms Prudential Regime, and the Bank Recovery and Resolution Directive, and evolving to meet future regulatory and business changes; coordination of prudential issues, incidents and breaches; coordination of RAAR EMEA’s risk and control self-assessment exercises; and coordination of RAAR EMEA reporting to senior management and entity Boards.
Prudential Assurance: Supporting the development and execution of RAAR EMEA second line of defence assurance activities, which are expected to be driven by regulatory change (e.g. post implementation assurance), thematic assurance (e.g. regulatory focusses / Dear CEO letters), risk and incident assurance (e.g. focussing on areas of heightened risk), and validation of first line of defence issue and action closures.
The role offers plenty of exposure and the opportunity to support strategically important pieces of work through key governance committees and entity Boards, and you will also have the chance to collaborate with Global teams. You will be expected to keep up to date with regulatory developments and policy changes issued by both European and UK regulatory authorities.
Your role will involve working across the RAAR teams and in close collaboration with the Global RAAR Frameworks & Assurance team, supporting strategic alignment between EMEA and Group where possible.
You will have a working knowledge of prudential regulations and risk management under UK and European frameworks, ideally with experience of working on these exercises for a Bank and / or Investment Firm, and/or have experience within the capital adequacy or liquidity management areas of such firms. You will also be able to demonstrate experience in cross group stakeholder management and proactive problem solving. You will have good analytical skills with a focus on attention to detail. You will also have strong verbal and written communication skills with the ability to explain complex concepts to stakeholders at all levels.
If this sounds like the right opportunity for you to take the next step in your career, please apply today.
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, Equity and Inclusion
The diversity of our people is one of our greatest strengths. An inclusive and equitable workplace enables us to embrace that diversity to deliver more innovative and sustainable solutions for our people, clients, shareholders and communities. At Macquarie, you'll be encouraged to be yourself and supported to perform at your best. If you're inspired to deliver on our purpose of ‘empowering people to innovate and invest for a better future’, we want you on our team. If you need adjustments made to the recruitment process, please reach out to your recruiter.
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