Programs and business groups

Risk Management Group

Our Risk Management Group is an independent function that objectively advises all Macquarie businesses and the Board to contribute to the long term success of Macquarie.

Working in our Risk Management Group, you could be:

assisting businesses with the definition and implementation of appropriate remediation actions, reviewing specific transactions, new products or businesses, identifying and escalating potential conflicts of interest and advising on the application of laws, regulations and policies
having exposure to the day-to-day relationships with Macquarie’s regulators, including regulatory enquiries
supporting senior management with timely and effective escalation and reporting of significant compliance risk issues
involved in the deal approval process and summarising key issues across all areas to present to senior Macquarie management
gaining exposure to capital markets, funds, retail banking businesses and the central service function
monitoring daily risk exposures for trading desks and reporting to senior management.

The Risk Management Group manages both financial risk and non-financial risk. Financial risk includes Aggregate Risk, Credit Risk, Market Risk, Central Risk, as well as Model Risk and Quantitative Analytics. Non-financial risk includes Behavioural Risk, Compliance, Enterprise Support, Financial Crime, Internal Audit, Operational Risk and Regulatory Affairs.

Program locations

Sydney

Graduate program

1 year program, allocated to a team from February

Internship program

Allocated to a team from November to February

Group highlights

Responsible for the management of financial risks on our $A220b balance sheet (HY20), as well as associated off-balance sheet risks

Management of critical non-financial risks spanning operational, compliance and conduct as well as managing interactions with 200+ regulators globally

Monitoring and planning for a broad range of emerging risks including environmental, cyber and geopolitical

Supporting a strong risk culture across Macquarie

Our teams in Risk Management Group

Behavioural Risk

Our behavioural risk division provides expertise and oversight on risk culture and conduct risk, environmental and social risk, and work health and safety. The team is focused on facilitating and driving improved risk outcomes for Macquarie’s internal and external stakeholders.

Compliance

Our Compliance division is an independent risk management function that enables business management to fulfil their supervisory responsibilities by establishing an effective, robust compliance framework. Compliance perform an advisory, training and monitoring role in respect of the compliance risks arising from Macquarie's business activities.

Credit

Our Credit division's role is to assess and approve all material credit risk undertaken by Macquarie. The team analyses significant transactions and initiatives and assesses the strengths and weaknesses of new transactions to present their recommendations to Macquarie's senior management.

Enterprise Support

Supports the effective and efficient operation of the Risk Management Group by providing centralised services for strategy, data management, analytics, change, projects, and operational risk management. The team also supports Group-wide risk governance, risk training and risk surveillance.

Financial Crime Risk

Develops and maintains an Anti-Money Laundering, Sanctions and Anti-Bribery and Corruption control framework and provides expertise on these risks.

Internal Audit

Our Internal Audit division provides independent recommendations to senior management and the Board Audit Committee on the adequacy and effectiveness of Macquarie’s financial and risk management framework. Internal Audit also provides recommendations to improve internal controls across the various business groups.

Market Risk

Our Market Risk division quantifies and constrains Macquarie’s exposure to sudden rate or market shocks, working closely with Macquarie’s trading businesses. The team approves and sets limits over trading strategies across all markets (equities, FX, interest rates, commodities), reporting exposures daily and escalating issues to senior management.

Operational Risk

Our Operational Risk division analyses the probability and impact of potential issues that can arise from failures of people, processes and systems and from external events. When issues do occur, our team use this analysis to provide advice and guidance about the treatment of the issue to reduce the likelihood of recurrence.

Regulatory Affairs and Aggregate Risk

Our Regulatory Affairs and Aggregate Risk team is responsible for ensuring Macquarie is compliant with prudential regulation and monitoring aggregate risk across all risk types. This team includes Aggregate Risk, Regulatory Affairs, and Model Risk and Quant Analytics.

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Ed Hollingdale

Working in a risk function at Macquarie is more than just numbers. For Ed Hollingdale, it means he enjoys a different perspective on Macquarie's investments and has the ability to work with a variety of stakeholders.

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