Risk Management - Credit Risk

In line with Macquarie’s “Freedom within Boundaries” approach, Credit establishes and maintains the risk and limit framework that allows each of the Group’s businesses to operate in a dynamic and entrepreneurial fashion. Through analysis, assessment and approval of transactions, Credit is integral in setting and maintaining the boundaries to ensure that risks are appropriately identified and managed.

Ultimately the role of Credit in Macquarie is to make sure we get our money back. That responsibility spans across the entire Group’s activities, from banking operations and securities trading, to structured finance and principal transactions.

Working in Credit:

• You will be given immediate responsibility and ownership of projects and tasks that will allow you to develop your skills in a dynamic and interactive environment.
• You will be dealing with staff at all levels within the Group, from traders and back-office staff, through to Senior Management, Executive Directors, and the Board.
• You will have the chance to explore global opportunities Credit has operations in Sydney, Hong Kong, New York, Houston and London.
• You will be an integral part of the operating framework of the Group and will enjoy direct interaction with the business areas of the Group giving you a broad perspective of the Bank’s global activities and growth initiatives.

What could you be doing?

• Principal Transactions: Macquarie regularly utilizes its own balance sheet to participate in large structured transactions (including leveraged acquisitions). Credit is an integral part of these transactions, working with the deal team on risk mitigation strategies and ensuring that the residual risks involved are properly represented to the relevant approvers within Macquarie.
• Structured Trading: The trading groups regularly develop complex trading structures that are designed to access niche opportunities in markets globally. Credit analyzes these structures to determine the credit exposures that result and propose appropriate mitigants.
• New Businesses: All new businesses established within Macquarie require RMG approval. Credit plays an important part in this process, reviewing the proposed business plan and assessing risks that may result in any form of loss.
• Managing Counterparties: All of Macquarie’s counterparts must be reviewed to ensure that we understand the risk of dealing with those entities. Credit is responsible for undertaking reviews and establishing appropriate limit frameworks.  Analysts are assigned a group of counterparties for which they are responsible.  This means handling trading requests from the business as well as reporting the counterparty status to relevant business and RMG Credit approvers as needed.