Senior Analyst – RAAR EMEA, Stress Testing and Capital Management Oversight (Scenario design focus)
Join our Regulatory Affairs and Aggregate Risk (RAAR) team and play a key role in stress testing and the design of macroeconomic and risk-focused stress scenarios across our EMEA businesses and regulated entities.
The RAAR team in the EMEA region is focused on prudential rule interpretation and risk oversight for local regulated entities (including a UK and European Bank and a number of UK and European Investment and Asset Management Firms), stress testing, capital management oversight, recovery, resolution and wind-down planning, and economic capital assessment for the EMEA non-banking entities in the Macquarie Group.
As a member of the team, you will play a key role in managing and coordinating the enterprise-wide stress testing exercises for Macquarie's EMEA regulated entities (including UK and European banking entities, investment firms and asset managers). This involves risk identification and design of stress scenarios, scenario execution in collaboration with Finance and Treasury colleagues and risk specialists, and the analysis of stress testing results. In particular, we would like to see you bring knowledge to and take a leading role in the risk identification and scenario design part of the stress testing framework.
Your work on stress testing will cover capital management (i.e. internal capital adequacy assessment processes), Recovery Planning, reverse stress testing, climate risk scenario analysis, and other ad-hoc needs (e.g. assessment following a material change in business strategy). You will be particularly involved in developing a range of stress testing scenarios to assess Macquarie's EMEA entities' capital adequacy and broader risk measures across these range of purposes, allowing you to interact with varying business models, products and enterprise-wide risks, and helping to drive forward looking insights for the firm.
The role offers plenty of exposure and the opportunity to lead material components of the stress testing framework, as well as the chance to collaborate with stakeholders across the organisation, including Business, Risk, Economist, Finance and Treasury teams; including engagement with regional senior management.
To be successful in this role, you will need to bring the following key skills and experience:
- Post-graduate working experience in a related role or one which provides for transferable skills within a financial institution, consultancy practice, regulatory body or rating agency
- An academic background in economics or finance, with an understanding of macroeconomic concepts
- Keen and broad interest in financial markets, including current and prospective macro-economic, financial and commodity market trends
- Ability to think creatively to design tailored and relevant stress scenario themes based on an entity's operating environment and risk profile
- Passion for working collaboratively, with strong verbal, written and Powerpoint communication skills
- Strong numerical and analytical skills with great attention to detail
Whilst not essential, the following skills and experience are desirable:
- Knowledge of and experience in stress testing (particularly around the design of stress scenarios) and familiarity with UK and EU regulatory requirements across stress testing and ICAAP
- Familiarity with economic forecasting tools (e.g. Oxford Economics)
- Experience with data and task automation through programming language (e.g. VBA / R / Python)
If this sounds like the right opportunity for you to take the next step in your career, please apply today. About the Risk Management Group
Risk Management Group is an independent, centralised unit responsible for ensuring all risk across Macquarie are appropriately assessed and managed. Its divisions include Behavioural Risk, Compliance, Credit, Financial Crime Risk, Internal Audit, Market Risk, Operational Risk, RAAR, and Risk Enterprise Support. Our commitment to Diversity and Inclusion
The diversity of our people is one of our greatest strengths, and an inclusive workplace enables us to embrace that diversity to deliver more innovative and sustainable solutions for our people, clients, shareholders and communities. At Macquarie, you'll be encouraged to be yourself and supported to perform at your best. If you're inspired to deliver on our purpose of 'empowering people to innovate and invest for a better future', we want you on our team. If you need adjustments made to the recruitment process, please reach out to your recruiter.
As an inclusive employer, Macquarie does not discriminate on the grounds of age, disability, sex, sexual orientation, gender identity or expression, marriage, civil partnership, pregnancy, maternity, race (including colour and ethnic or national origins), religion or belief.
Joining Macquarie means you'll be able to work in a way that suits you best. With the right technology, support and resources, our people can work in a range of flexible ways. Talk to us about what working arrangements would help you thrive.