Senior Associate, Margining and Futures Operations - Market Services

Macquarie Group; Sydney; Hybrid; AUD 120,000 - 160,000; Full time

Benefits offered by this job

Wellbeing leave

Parental leave

Volunteer leave

Donor matching

Gender affirmation leave

Wellness benefits

Learning & development

Hybrid work arrangements

Home office stipend

Job summary

Macquarie is seeking a Senior Associate in Margining and Futures Operations within Market Services. You will manage daily client margining, collateral settlements, and risk reporting in a fast-paced, global environment, partnering with internal stakeholders and senior managers on BAU activities and strategic transformation initiatives.

The role emphasizes oversight of reconciliations, problem resolution of margin breaks, and ensuring strong risk controls while contributing to operational

Qualifications

• Proven experience in Banking and Financial Services operations with strong technical problem-solving skills.
• High attention to detail and accuracy, with the ability to manage competing priorities.
• Strong communication, organisation and stakeholder engagement skills, with a collaborative approach to teamwork.
• Ability to analyse information, ask thoughtful questions and reach sound conclusions when solving problems.
• Exposure to futures, collateral management, client servicing, and risk or operations systems is valuable.

Responsibilities

• Gain exposure to a wide range of complex products within the Commodities and Global Markets division in a fast-paced, collaborative environment.
• Manage daily margining of client exposures and collateral settlements, deliver accurate Credit/Risk reporting, and support group reporting across multiple products.
• Oversee reconciliations, resolve breaks, and escalate/manage disputed margin calls.
• Partner with internal stakeholders and senior managers to support BAU activities and strategic initiatives, including system implementations.

Skills

Banking operations

Technical problem-solving

Attention to detail

Stakeholder engagement

Analytical thinking

Futures exposure

Job description

Senior Associate, Margining and Futures Operations - Market Services

The Market Services Division offers a culture shaped by ownership, curiosity, collaboration and a strong commitment to outcomes. Our people are talented professionals who are approachable, generous with their time, and focused on solving complex problems together. We value accountability, commercial thinking and learning agility. Leaders set clear direction, encourage constructive challenge and create an environment where people can build commerciality, grow through change and contribute to work increasingly underpinned by technology, data and AI. Every person has a role to play in shaping the future of Market Services.

Our Margining and Futures team are responsible for all aspects of client margining, risk mitigation, time-critical exchange margin settlements and reconciliations for Macquarie Commodities and Global Markets businesses globally.

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?

You will gain exposure to a wide range of complex products within the Commodities and Global Markets division while working in a fast paced, collaborative environment. You will manage daily margining of client exposures and collateral settlements, deliver accurate Credit/Risk reporting, and support group reporting across multiple products. You will be overseeing reconciliations, resolving breaks, and escalating and managing disputed margin calls.

Partnering closely with internal stakeholders and senior managers you will support both business-as-usual activities and strategic initiatives, including system implementations. You will also be responsible for monitoring transactions, booking margin payments and receipts, maintaining strong risk controls, and contributing to operational excellence and transformation initiatives.

What you offer

• Proven experience in Banking and Financial Services operations with strong technical problem-solving skills
• High attention to detail and accuracy, with the ability to manage competing priorities
• Strong communication, organisation and stakeholder engagement skills, with a collaborative approach to teamwork
• Ability to analyse information, ask thoughtful questions and reach sound conclusions when solving problems
• Exposure to futures, collateral management, client servicing, and risk or operations systems is valuable.

What we offer

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 Corporate Operations Group

In our Corporate Operations Group, you will work at the heart of Macquarie to deliver for our people, businesses, and their customers. We’re a global, collaborative team with deep expertise in technology, data, digital, market services, corporate real estate, business resilience, procurement and global security.

Inclusion at Macquarie

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.