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The Risk Management Group (RMG) encourages Macquarie’s businesses to be innovative and entrepreneurial within defined risk parameters. RMG is an independent, centralised unit responsible for assessing, quantifying and mitigating risks across Macquarie. RMG’s principal responsibility is to take an independent view on all the material risk acceptance decisions the Macquarie Group makes. RMG also approves Macquarie’s principal transactions, new businesses and new products. RMG supports the growth of all Macquarie’s businesses.
RMG comprises of eight divisions including: Credit, Prudential Capital and Markets, Market Risk, Compliance, Operational Risk, Internal Audit, Data Policy Unit and Quantitative Applications Division.
Credit is responsible for analysing and assessing credit exposures taken by Macquarie Group, to minimise the risk of loss arising from failure of counterparties to repay loans or honour contracts. Credit’s responsibilities include assessing for approval the credit risks arising from new products, businesses, funds and complex trading structures. Credit is also responsible for undertaking reviews of counterparties and establishing appropriate limit frameworks. On principal transactions, Credit works with the deal teams to develop risk mitigation strategies.
Market Risk approval is required on all new deals and products prior to trading, whether it is an innovative derivative structure, or the purchase of an entire trading business. It also reviews the market risk taken in the trading and banking books across the Group and is responsible for setting trading limits and monitoring exposures against those limits daily.
Prudential Capital and Markets (PCM) is responsible for liaison with Regulatory Authorities and for ensuring compliance with their prudential standards. PCM is responsible for the Group’s funding and liquidity policies and also encompass the Economic Capital Model and the Equity Risk Limit.
Internal Audit provides independent assurance to the Board on the adequacy and effectiveness of Macquarie’s financial and operational risk management frameworks. Compliance oversees measures to ensure compliance with applicable regulations and laws globally as well as with obligations of fidelity and confidence to clients and counterparties.
What might I be doing as a Graduate within RMG?
Opportunities exist for graduates to work as analysts in Credit and Market Risk. Graduates joining RMG are exposed to a range of industry sectors and products. All roles provide real experience and training in a dynamic, decision making environment. You’ll work alongside senior staff and be provided with strong mentoring and development while gaining transaction experience.
Our graduate induction program provides ongoing training and graduates are given access to professional development programs both in Australia and offshore. Development opportunities include support of further tertiary studies; strong performers in RMG have the opportunity to be selected to study for a Master of Finance (Investment Banking) degree from INSEAD Business School.
Graduates who join RMG have most commonly studied economics, engineering, Finance, law, science and combined degrees.
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