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Market Risk Associate- Houston and New York Offices

Houston, New York

Seize this great opportunity with our Market Risk team to work in an exciting and dynamic environment where your contribution is recognized from day one. Key to our success is the entrepreneurialism we encourage in all our people, and we give you the opportunity to progress your career as quickly as your ability demonstrates.

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 way of doing 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 as well as calculating Macquarie's Value-at-Risk (VaR) exposures covering all trading businesses across the group.

Market Risk approval is required on all new deals and products prior to trading. Whether it is an 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.

As an Associate in our Houston office, you will join the Markets Risk team and be involved in the approval of new products, businesses and trading strategies in addition to calculating VaR and calibrating the model. You will be directly responsible for monitoring and reporting risk metrics on a daily basis to senior management, including the Managing Director and, in doing so, you will gain exposure to a wide range of businesses and products, operating in a global environment with staff in Sydney, Hong Kong, Singapore, London, New York and Houston.

Effective interpersonal and presentation skills to foster strong relationships with clients and stakeholders across all levels will be necessary to interact regularly with the front office traders and ensure the market risks arising from day-to-day trading positions are fully understood and managed appropriately within the limit framework. You will use your ability to sustain high level of performance under pressure with short deadlines to 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.

Your strong analytical ability and judgment will enable you to balance between being immersed in the detailed, day-to-day activity and problem-solving, versus managing higher level, longer term activities and objectives. Having strong MS Excel skills and being able to conceptualize, anticipate and articulate emerging issues to assess the appropriateness of mathematical derivative pricing models within the context of real-world market conditions will be imperative in this role.

A Bachelor's degree is required for this role. 

If you are immersed in the global energy markets, understand what drives energy markets, and are looking for a new challenge, apply today.

Find out more about Macquarie at www.macquarie.com/careers

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.

All qualified applicants will receive consideration for employment and will not be discriminated against on the basis of race, color, religion, sex, sexual orientation, national origin, age, disability, protected veteran status, genetic information, marital status, gender identity or any other impermissible criterion or circumstance. Macquarie also takes affirmative action in support of its policy to hire and advance in employment of individuals who are minorities, women, protected veterans, and individuals with disabilities.

We equip our people with the support to work in a range of flexible ways. Talk to us about what working arrangements would help you thrive.

 

Salary range for this position: $67,500 - $93,500/Yr.  Actual base salary may vary based upon, but not limited to, relevant experience, time in role, peer and market data, prior performance, business sector, and geographic location. The successful candidate may also be eligible for an annual discretionary incentive compensation award. Macquarie offers a full spectrum of benefits, including Medical, Prescription Drug, Dental, Vision, Health Savings Account, Dependent Day Care Savings Account, Life Insurance, Disability and Other Insurance Plans, Paid Time Off (including Sick Leave, Parental Leave and Vacation), Holidays, 401(k), and Short/Long Term Disability, in addition to other special perks reserved for our employees.

 

 

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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-967200
Work type: Permanent - Full time
Location: Houston, New York
Category: Junior, Risk Management
Group: Risk Management Group
Division: Market Risk
Recruiter: Janie Yellitz
Opening Date: