Executive / Assistant Manager - CCR Models

Macquarie Group; Gurugram District; On-site; INR 2,500,000 - 4,500,000; Full time

Benefits offered by this job

Wellbeing leave day

Maternity/Parental leave

Childcare services subsidy

Volunteer leave & donation matching

Medical & life insurance

Employee Assistance Program (EAP)

Learning & development reimbursements

Hybrid & flexible working arrangements

Work-from-home equipment reimbursement

Job summary

Macquarie Group in Gurugram is seeking a Manager/AVP to independently validate models used for Counterparty Credit Risk, XVA, SIMM and related pricing models for trading activity. You will report to senior stakeholders and ensure compliance with Australian regulations and local regulatory requirements across the global entities.

The role requires 3–7 years in risk management, strong quantitative skills, and proficiency in Python/R with knowledge of C++. Hybrid working arrangements are available.

Qualifications

• Strong quantitative educational background, exceptional problem‑solving skills, and an ability to independently manage model validations.
• 3‑7 years of experience in risk management, including a deep understanding of financial products, key risk factors, and advanced modelling techniques regarding CCR, model performance assessments including back‑testing, and curve bootstrapping.
• Effective collaboration and communication skills, capable of working with multiple stakeholders to achieve strong model risk outcomes and an analytical mindset that can navigate model risk policies and regulations
• Experience with model calibration using statistical or stochastic models, advanced numerical/statistical techniques, with knowledge of computational finance
• Proficiency in high‑level programming languages (Python, R); exposure to low‑level languages (C++) is valuable.

Responsibilities

• Independent validation of models used for CCR, XVA, SIMM and associated valuation pricing models.
• Manage and deliver high quality risk management outcomes to senior stakeholders.
• Ensure compliance with relevant regulations and local regulatory requirements.
• Lead validations to meet Macquarie’s entities worldwide requirements.

Skills

Quantitative background

Model validation

Risk management

Stakeholder collaboration

Python

R

C++

Education

Quantitative degree (Math/Stats/Finance)

Tools

Python

R

C++

Job description

Join our Model Risk Management team based in Gurugram who have a global responsibility for ensuring that key financial and risk models used by Macquarie are appropriately managed and validated.

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?

As a Manager/AVP, you will be responsible for the independent validation of models used for Counterparty Credit Risk (CCR), Valuation Adjustments (XVA), the Standardised Initial Margin Model (SIMM) and associated valuation pricing models used for trading activity. The broad impact of the role means you will manage and deliver high calibre risk management outcomes to senior stakeholders. Macquarie is subject to regulatory supervision and thus the role also requires ensuring compliance with Australian regulations that include APS180, CPS226, and APS116. In addition, our team has global reach performing validations used to meet the local regulatory requirements of Macquarie’s entities around the world.

What You Offer

• Strong quantitative educational background, exceptional problem‑solving skills, and an ability to independently manage model validations
• 3‑7 years of experience in risk management, including a deep understanding of financial products, key risk factors, and advanced modelling techniques regarding CCR, model performance assessments including back‑testing, and curve bootstrapping.
• Effective collaboration and communication skills, capable of working with multiple stakeholders to achieve strong model risk outcomes and an analytical mindset that can navigate model risk policies and regulations
• Experience with model calibration using statistical or stochastic models, advanced numerical/statistical techniques, with knowledge of computational finance
• Proficiency in high‑level programming languages (Python, R); exposure to low‑level languages (C++) is valuable.

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

Benefits

• 1 wellbeing leave day per year
• 26 weeks’ paid maternity leave or 20 weeks’ paid parental leave for primary caregivers along with 12 days of paid transition leave upon return to work and 6 weeks’ paid leave for secondary caregivers
• Company‑subsidised childcare services
• 2 days of paid volunteer leave and donation matching
• Benefits to support your physical, mental and financial wellbeing including comprehensive medical and life insurance cover, the option to join parental medical insurance plan and virtual medical consultations extended to family members
• Access to our Employee Assistance Program, a robust behavioural health network with counselling and coaching services
• 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 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.

Our commitment to diversity, equity and inclusion

We are committed to fostering a diverse, equitable and inclusive workplace. We encourage people from all backgrounds to apply and welcome all identities, including race, ethnicity, cultural identity, nationality, gender (including gender identity or expression), age, sexual orientation, marital or partnership status, parental, caregiving or family status, neurodiversity, religion or belief, disability, or socio‑economic background. We welcome further discussions on how you can feel included and belong at Macquarie as you progress through our recruitment process.

Our aim is to provide reasonable adjustments to individuals who may need support during the recruitment process and through working arrangements. If you require additional assistance, please let us know in the application process.