Senior Analyst/Manager Provision and Stress Test Modelling | Credit Risk Management

Macquarie Group; New South Wales; Hybrid; AUD 150,000 - 230,000; Full time

Benefits offered by this job

Wellbeing leave

Parental leave

Volunteer leave

Learning and development

Hybrid work

Job summary

Macquarie is seeking a Senior Analyst/Manager in Provisioning and Stress Test Modelling within Credit Risk Management. You will work with the Head of Modelling to drive delivery and strategic direction, manage senior stakeholders, and oversee framework governance for credit models and related processes.

You will lead development, validation and monitoring across provisioning and stress testing models, while ensuring compliance with regulatory expectations and model governance.

Qualifications

• Extensive experience in IRB model development, monitoring or validation.
• Knowledge of financial market products, market conventions and regulatory requirements.
• Strong grounding in numerical methods, stochastic calculus and probability theory.
• Programming skills in R and Python.
• Ability to work autonomously and collaboratively while managing multiple activities.

Responsibilities

• Lead development and governance of credit models and supporting frameworks.
• Engage senior stakeholders on key modelling initiatives and governance.
• Coordinate with second-line risk, internal/external audit and regulators.

Skills

IRB model development

Model monitoring

Model validation

Financial market products knowledge

Regulatory requirements knowledge

Numerical methods, stochastic calculus

Programming in R

Programming in Python

Stakeholder management

Tools

R

Python

Job description

Senior Analyst/Manager Provision and Stress Test Modelling | Credit Risk Management

Join our Credit Modelling team as a key person in the team responsible for all aspects relating to the Provisioning and Stress Test Modelling for the Organisation.

We are a global financial services group operating in 30 markets with 57 years of unbroken profitability. At Macquarie, you’re empowered to shape a career that is fulfilling and creates value. You will bring your insights and expertise to the task at hand and feel supported as you make your own kind of impact for a better future.

What role will you play?

Press space or enter keys to toggle section visibility

As a Senior Analyst or Manager, you will work closely with the Head of Modelling to drive both the delivery outcomes and strategic direction of the Credit Loss Modelling team. In this role, you will manage and engage senior stakeholders on key initiatives, lead the development and maintenance of credit models, and build out the frameworks and underlying components required to support robust model governance. You will also oversee interactions with second-line risk teams, internal and external auditors, and regulators, ensuring effective management of matters relating to credit model governance and the broader governance framework.

What you offer

Press space or enter keys to toggle section visibility

• Extensive experience in the IRB Model Development, Model Monitoring, and/or Model Validation.


• 3-7 years of experience in financial services, preferably in investment banking or trading systems support


• Knowledge of financial market products, market conventions and regulatory requirements


• Good knowledge of numerical methods, stochastic calculus, and probability theory


• Programming skills (R and Python)


• Tenacity and flexibility with the ability to work both autonomously and collaboratively and to manage a number of activities simultaneously

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

Press space or enter keys to toggle section visibility

What we offer

Press space or enter keys to toggle section visibility

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

Press space or enter keys to toggle section visibility

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

Press space or enter keys to toggle section visibility

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.