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Senior Manager - Trading Model Validation
at Macquarie
Tech LeadNo visa sponsorshipPython
Posted 17 hours ago
No clicks
- Compensation
- Not specified
- City
- Melbourne, Sydney
- Country
- Australia
Currency: Not specified
Join Macquarie's Model Risk Management team in Sydney as a Senior Manager responsible for independent validation of trading models used for pricing and valuations, Market Risk regulatory capital, Counterparty Credit Risk (CCR), Valuation Adjustments (XVA), and the Standardised Initial Margin Model (SIMM). You will manage high-caliber risk management outcomes and communicate with senior stakeholders across Commodities and Global Markets, Financial Management, People and Engagement, and Risk Management Group. The role also ensures compliance with Australian regulations APS180, CPS226, and APS116 and supports the global validation program for Macquarie's entities. Strong quantitative skills, model calibration, back-testing, and programming in Python/R are essential.
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Senior Manager - Trading Model Validation
Additional office locations
Melbourne, Sydney
Job ID
17570
Date
03-Mar-2026
Permanent - Full time, Mid-senior
Job category
Quantitative Analysis, Risk Management
Join our Model Risk Management team based in Sydney who are responsible for independent validation of trading models used for pricing and valuations; Market Risk regulatory capital; Counterparty Credit Risk (CCR); Valuation Adjustments (XVA); and the Standardised Initial Margin Model (SIMM).
At Macquarie, our advantage is bringing together diverse people and empowering them to shape all kinds of possibilities. We are a global financial services group operating in 31 markets and with 56 years of unbroken profitability. You’ll be part of a friendly and supportive team where everyone - no matter what role - contributes ideas and drives outcomes.
What role will you play?
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As a Senior Manager you will join the team responsible for independent validation of trading models used for pricing and valuations; Market Risk regulatory capital; Counterparty Credit Risk (CCR); Valuation Adjustments (XVA); and the Standardised Initial Margin Model (SIMM).
The broad impact of the role means the successful applicant will need to manage and deliver high calibre risk management outcomes to senior stakeholders across Commodities and Global Markets; Financial Management, People and Engagement; and Risk Management Group.
Macquarie is subject to regulatory supervision and thus the role also requires ensuring compliance with Australian regulations that include APS180, CPS226, and APS116. In addition, the team has global reach performing validations used to meet the local regulatory requirements of Macquarie’s entities around the world.
What you offer
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- A strong quantitative educational background, exceptional problem-solving skills, and an ability to independently manage model validations.
- 7+ years experience in risk management. Beneficial knowledge and skills include an understanding of financial products and trading risk, as well as advanced modelling techniques regarding CCR, model performance assessments including back-testing, and curve bootstrapping.
- Effective collaboration and communication skills, capable of working with multiple stakeholders to achieve strong model risk outcomes and an analytical mindset that can navigate model risk policies and regulations.
- Experience with model calibration using statistical or stochastic models, advanced numerical/statistical techniques, with knowledge of computational finance.
- Proficiency in with high-level programming languages (Python, R); exposure to low-level languages (C++) would be considered favourably.
We love hearing from anyone inspired to build a better future with us, if you're excited about the role or working at Macquarie we encourage you to apply.
What we offer
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At Macquarie, you’re empowered to shape a career that’s rewarding in all the ways that matter most to you. Macquarie employees can access a wide range of benefits which, depending on employment type, include:
- 1 wellbeing leave day per year
- Up to 5 additional service bonus leave days per year
- Up to 20 weeks’ paid parental leave for primary caregivers along with 12 days of transition leave upon return to work, and 6 weeks’ paid leave for non-primary caregivers
- 2 days of paid volunteer leave and donation matching
- Up to 12 months’ gender affirmation leave, including 6 weeks’ paid leave
- Access to Employee Assistance Program and wellbeing benefits including skin and health checks, and flu vaccinations
- Access to a wide range of salary packaging options
- Access to a wide range of learning and development opportunities, including reimbursement for professional membership or subscription
- Hybrid and flexible working arrangements, dependent on role
- Reimbursement for work from home equipment
About the Risk Management Group
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Our Risk Management Group works as an independent, and centralised function, responsible for independent and objective review and challenge, oversight, monitoring and reporting in relation to Macquarie’s material risks. We are a global team that aims to manage the risks of today and anticipate the risks of tomorrow. Our divisions include compliance, credit, financial crime risk, market risk, operational risk, aggregate risk and prudential, and central.
Our commitment to diversity, equity and inclusion
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We are committed to fostering a diverse, equitable and inclusive workplace. We encourage people from all backgrounds to apply and welcome all identities, including race, ethnicity, cultural identity, nationality, gender (including gender identity or expression), age, sexual orientation, marital or partnership status, parental, caregiving or family status, family and domestic violence status, neurodiversity, religion or belief, disability, or socio-economic background. We welcome further discussions on how you can feel included and belong at Macquarie as you progress through our recruitment process. To learn more, contact our team by clicking here.
Our aim is to provide reasonable adjustments to individuals who may need support during the recruitment process and through working arrangements. If you require additional assistance, please let us know in the application process.
