Manager - Credit Loss Modelling

About the Role

Join the Credit Modelling team as a pivotal contributor responsible for overseeing the Credit Risk Capital Models within the organization. Macquarie Group operates globally in 30 markets with a legacy of 57 years of continuous profitability. The role offers the opportunity to apply your expertise to impactful projects while receiving strong support to advance your career.

Key Responsibilities

Working closely with the Head of Credit Loss Modelling, you will steer project delivery and influence the strategic roadmap of the team. Your duties include managing and liaising with senior stakeholders on significant initiatives, leading the creation and upkeep of credit models, and constructing frameworks and components essential for robust model governance. You will also coordinate with second line risk teams, internal and external auditors, and regulators concerning credit and counterparty credit risk (CCR) model governance.

Candidate Profile

• Possess an advanced quantitative education, such as a postgraduate degree in mathematics, statistics, actuarial science, engineering, or computer science.
• Extensive experience in internal ratings-based (IRB) model development, monitoring, and/or validation, alongside deep knowledge of financial markets, regulatory frameworks, and numerical/stochastic methodologies.
• At least four years’ tenure in the financial services sector, preferably within investment banking or trading contexts, complemented by strong skills in stakeholder engagement and communication.
• Technical proficiency in programming languages, particularly R and Python.
• Demonstrated resilience, adaptability, and capacity to work independently or collaboratively, managing multiple priorities effectively.

What We Provide

• One day of wellbeing leave annually.
• Additional service bonus leave days of up to five per year.
• Paid parental leave up to 20 weeks for primary caregivers, with a 12-day transition leave upon returning, and six weeks paid leave for secondary caregivers.
• Two days of paid volunteer leave plus donation matching.
• Gender affirmation leave for up to 12 months which includes 6 weeks of paid leave.
• Access to employee assistance programs and wellness benefits including health screenings and vaccinations.
• Various salary packaging choices.
• Opportunities for professional development and reimbursement for subscriptions and memberships.
• Flexible and hybrid work arrangements depending on the role.
• Reimbursement for home office equipment expenses.

Risk Management Group Overview

The Risk Management Group acts as an autonomous team dedicated to objective assessment, oversight, and reporting on Macquarie’s critical risks, encompassing compliance, credit, financial crime, market and operational risk, aggregated risk and prudential oversight.

Inclusion Commitment

Macquarie is devoted to fostering an inclusive workplace that values diversity in backgrounds, perspectives, and experiences. We welcome applicants regardless of race, gender, religion, sexual orientation, disability, or any other defining characteristic. We provide reasonable accommodations through the recruitment and employment process for those who require it; please advise if you need adjustments.