Risk Management Group

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.

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.

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.

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.

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

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.

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.

Our Operational Risk and Governance 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.

Our Regulatory Affairs and Aggregate Risk team is responsible for ensuring Macquarie is compliant with prudential regulation, monitoring aggregate risk across all risk types and the management of model risk. The team is comprised of three streams: Regulatory Affairs; Aggregate Risk; and Model Risk and Quantitative Analytics.