Operational Risk - Risk Management Group

  • Competitive
  • New York, NY, USA
  • Permanent, Full time
  • Macquarie Group
  • 08 Sep 17

This sought after position, overseeing Macquarie’s global asset management business, offers an excellent opportunity to apply your risk skills and experience to implement and further develop Macquarie’s Operational Risk strategy. You will also provide operational risk support to other Macquarie business initiatives that have a nexus to the Americas region. You will work closely with senior business and Risk Management executives across the group.

The 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. RMG personnel liaise closely with all operating areas to ensure risks are understood and properly managed.

Key Responsibilities

  • Providing thought leadership, practical advice and education to businesses on relevant policies and best practices for operational risk management
  • Reviewing new business initiatives ensuring that key operational risks are identified and managed and that appropriate stakeholders are engaged in the approval process
  • Understanding the business risk profile and key processes and, where appropriate, acting as a catalyst for change
  • Ensuring that risk and control self-assessments reflect the risk profile of the businesses, are current and comprehensive
  • Analysing incidents across the business, ensuring swift resolution, capturing lessons learnt and sharing them with other businesses
  • Analysis and follow up of existing and emerging operational issues, including targeted projects or reviews
  • Development of extreme loss event scenarios, including engagement with business experts and determination of other metrics used in the calculation of Operational Risk Capital
  • Responding to requests from various stakeholders including regulators, auditors and Macquarie senior management

About You

  • Tertiary degree in Finance or related area. Relevant postgraduate degrees or professional qualifications (CA, CPA) are desirable
  • 5+ years’ experience in Operational Risk, Internal or External Audit experience gained within a dynamic international financial institution or professional services firm
  • Analytical and lateral thinker with problem solving, consulting skills and an ability to grasp abstract concepts and complex situations. Comfortable interpreting and balancing commercial issues within the risk framework
  • Working knowledge of the regulatory environment in which Macquarie operates
  • Superior interpersonal skills to build strong relationships with Senior Management. Able to gain buy-in, trust and understanding; ability to influence and negotiate
  • Excellent communication skills, both verbal and written, with the ability to initiate and lead conversations with business leaders and risk management colleagues regarding anticipated and emerging issues. Confident communicator, possesses strength of character to discuss risk management issues openly and firmly
  • Tenacious, flexible, with proven ability to sustain high levels of performance in a fast-paced, output focused environment
  • Ability to work independently, as well as collaboratively within a team of specialists.

All qualified applicants will receive consideration for employment and will not be discriminated against on the basis of race, colour, religion, sex, sexual orientation, national origin, age, disability, protected veteran status, genetic information, marital status, gender identity or any other impermissible criterion or circumstance. Macquarie also takes affirmative action in support of its policy to hire and advance in employment of individuals who are minorities, women, protected veterans, and individuals with disabilities.