Close date: 5th December 2019
Join our Operational Risk team as an expert in the design and implementation of the global Operational Risk Capital Model approach. You will play a key role in preparing Macquarie’s operational risk capital model move from the current Basel II Advanced Measurement Approach (AMA) to the new Standardised Measurement Approach (SMA). In addition you will support the response to regulatory demands in the design and implementation of our operational risk capital model & scenarios for the UK / Ireland entities.
As a member of the team, you will be responsible for developing new economic capital and stress testing models that are consistent with the relevant frameworks. You will ensure that the frameworks are applied correctly in various business units across the Group for new deals, BAU purposes, and scenario analysis; whilst providing assurance that frameworks remain best-practice with regular reviews and model updates.
Macquarie's operational risk capital framework is designed to support the identification of survival threatening risks to the organisation; establish an appropriate level of capital required to be held for regulatory operational risk purposes; and achieve the above in an efficient and effective manner.
Risk Management Group is an independent, centralised unit responsible for ensuring all risk across Macquarie are appropriately assessed and managed. Its divisions include Credit, Prudential, Capital and Markets, Market Risk, Operational Risk, Compliance, Quantitative Applications and Internal Audit.
RMG Operational Risk reassesses scenarios to ensure that they remain relevant and sufficiently conservative and reflect significant changes in the risk environment. Analysis of the individual scenarios is performed by RMG Operational Risk and discussed and validated with specialists and senior management in the business where relevant.
Macquarie defines Operational Risk as the risk of error or loss resulting from failed or inadequate internal processes, people and systems or from external events. You will work within the Operational Risk Management Framework, Reporting & Systems team that covers capital adequacy and regulatory risk measurement.
The team collaborates with many global stakeholders, including all of the operating businesses, Risk Management, Group Treasury, Finance, Macquarie’s senior management and the Board, as well as our prudential regulator APRA.
You will be able to display the ability and desire to solve bespoke problems whilst demonstrating a curiosity for understanding complexity and how things work. You will have strong numerical and analytical skills with the ability to communicate complex concepts to non-technical stakeholders at all levels. A degree qualification in Mathematics, Statistics, Engineering, Physics, Finance, Economics, or similar would be advantageous.
If this sounds like you then we would love to hear from you, please apply via the link below.
Macquarie understands the importance of diversity and inclusion - our long history of success has come from being different. At Macquarie we value the innovation and creativity that diversity of thought brings. The one thing we all have in common is our focus on high performance. If you're capable, motivated and can deliver, we want you on our team.
We facilitate a range of flexible working arrangements within our teams. Talk to us about what flexibility may be available.
For more information, please visit www.macquare.com/careers