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Regulatory Affairs and Aggregate Risk Stress Testing, Senior Manager

Employer
Macquarie
Location
London (Greater)
Salary
Competitive
Closing date
15 Dec 2019

Job Details

Join our Regulatory Affairs and Aggregate Risk (RAAR) team and play a key role in providing insights into the Macquarie Group and various EMEA regulated subsidiaries’ aggregate risk and financial strength through the use of varying stress testing techniques – including enterprise wide stress testing, individual business and portfolio sensitivity analysis, and reverse stress testing.

As a member of the team, you will be responsible for the end-to-end stress testing process for Macquarie’s EMEA regulated entities (including UK and European banking entities and investment firms), whilst also being involved in developing new stress testing models and continuing the enhancement of the relevant Group-wide and regional frameworks. You will ensure that the frameworks are applied correctly across various regulatory documents including Internal Capital Adequacy Assessment Process and Recovery Plans, and for more “BAU” purposes across new business and product approvals; whilst providing assurance that frameworks remain best-practice in line with regulator views (particularly UK and European regulators) and model updates.

The team collaborates with many global stakeholders, including all the operating businesses, Risk Management, Group Treasury, Finance, Macquarie’s senior management and various Boards, as well as inputting to deliverables for our prudential regulators including PRA, FCA, CBI and APRA.

You will have strong knowledge on UK and European stress testing regulatory expectations, with experience in leading components of the enterprise wide stress testing process for a Bank and/or Investment Firm subject to European prudential requirements. You will also be able to display the ability and desire to solve bespoke problems whilst demonstrating a curiosity for understanding complexity and how things work. You will have strong numerical and analytical skills with experience in model development, plus have the ability to communicate complex concepts to non-technical stakeholders at all levels.

Risk Management Group is an independent, centralised unit responsible for ensuring all risk across Macquarie are appropriately assessed and managed. Its divisions include Credit, Prudential, Capital and Markets, Market Risk, Operational Risk, Compliance, Quantitative Applications and Internal Audit.

Find out more about Macquarie careers at www.macquarie.com/careers 

Macquarie understands the importance of diversity and inclusion - our long history of success has come from being different. At Macquarie we value the innovation and creativity that diversity of thought brings. The one thing we all have in common is our focus on high performance. If you're capable, motivated and can deliver, we want you on our team.

Macquarie is an equal opportunities employer and does not discriminate on the grounds of age, disability, sex, sexual orientation, gender reassignment, gender identity, marriage, civil partnership, pregnancy, maternity, race (including colour and ethnic or national origins), religion or belief.

We facilitate a range of flexible working arrangements within our teams. Talk to us about what flexibility may be available.

Company

Working at Macquarie

We believe in providing a positive environment for all our staff that is innovative and inspiring. For our female staff, Macquarie’s senior leaders are actively involved in increasing the representation of females in management positions.  In June 2014, we launched a mentoring programme for females, with the following two objectives:

  • Address female retention rates at Senior Manager level and improve our diverse pipeline of talent;
  • Engage female Senior Managers by providing tools and support around their personal development;

The programme pairs up Senior Managers with Directors, who meet on a monthly basis, and are supported by active group sessions (bi-monthly) with an external facilitator.

We select some of the brightest minds to help us in solving complex challenges for our clients.  We recognise that recruiting talent from varied backgrounds is essential to improving our understanding of the marketplace, and enhancing creativity and problem-solving capabilities in our businesses.

Because of this, our commitment to you is to create a diverse and inclusive workplace regardless of age, gender, sexual orientation, gender identity, ethnicity or cultural background.

We make this commitment not only because it is the right thing to do but it opens up a world of opportunity, securing the future of our people, our success and our business

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