Like statutory financial reporting, which has existed and matured over a long period of time, regulatory reporting is fast becoming an ever increasingly important part of both Macquarie and the banking sector. In response, Macquarie's Australian Balance Sheet and Statistical Reporting (BSSR) team has grown to become an essential support for Macquarie’s operating businesses.
The BSSR team, which is part of Macquarie's Financial Management Group, produces a wide range of returns and surveys to the Australian Prudential Regulation Authority (APRA) and other agencies such as the Reserve Bank of Australia (RBA) and the Australian Bureau of Statistics (ABS).
Macquarie's holistic and strategic approach to regulatory reporting means that the team’s work is challenging, fast-paced and dynamic. Working in such an environment offers up many opportunities, which is what makes it a fascinating experience for Emily Hasler, who is bringing to life Macquarie’s purpose of ‘Empowering people to innovate and invest for a better future.’
Emily Hasler is an Associate Director in the BSSR team and says she enjoys seeing the tangible impact her work has on policy and decision making.
“I like watching the evening news and seeing Macquarie’s figures being used," says Emily.
Emily has enjoyed a long career at Macquarie, having got her first taste for the company as an intern. In 2006, after completing her Bachelor of Accounting, she returned to Macquarie via the Graduate Program and worked in three different areas of the business, before spending five years in Macquarie’s Real Estate team.
Although she has since had stints in other finance teams, as well as two periods of maternity leave, Emily has spent the best part of a decade in BSSR.
“Two things keep me here," Emily explains. “The sheer breadth and diversity of my role, plus the fact that every day is different."
Over the years, Emily has seen the introduction of more stringent data guidelines to meet the constant growth in data requirements and the tighter reporting timeframes. This has resulted in Macquarie investing in the growth of its BSSR team.
“Our team spans across Gurugram and Sydney," explains Emily. “As a diverse and global team, we’re full of different perspectives and ideas about how can best achieve what we need to and how we do that in the most efficient way."
Since having a family, Emily has worked part-time and says Macquarie's commitment to flexible working and working remotely is entrenched in its culture.
“My team has long supported part-time and flexible working" she explains. “So, when COVID-19 hit, it wasn't a big deal to work from home. With half our team in India it is normal for us to be on video calls."
Emily notes that the BSSR team is not just about “punching out numbers" – it’s role is central to ensuring Macquarie retains the licenses necessary to operating its businesses.
“We bridge the gap between Macquarie's business units and the regulators. It means we have to understand Macquarie's broader business context and represent that to the regulators".
Emily says there are several pillars to her work, from the actual reporting that involves monthly returns and reviews, to responding to Macquarie’s regulator and agencies’ queries. She creates frameworks around processes to ensure reporting is accurate, as well as pre-empting and managing the impact of changes to systems, data, policy or the business.
“A typical day sees me in discussion with my team around the data, talking to the business unit about what's in the pipeline, resolving issues, or discussing a policy under implementation."
Emily says the most important quality in Macquarie's regulatory reporting is having a dynamic approach.
“We take a holistic view, so the accountability sits with the business units as well as the reporting team," she says.
“I like that this means I'm not sitting behind the computer the whole time. I'm often talking with people to consider better ways to do things."
Already applied and would like to track the status of your application?
Have a question about the recruitment process or working at Macquarie?