Senior Associate - Model Risk Management

Macquarie Group
Macquarie Group

Jakarta, Indonesia

Posted on Sep 11, 2026
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In this role, you will provide assurance on the integration of financial and mathematical models for derivative pricing, capital calculations, and credit provisioning in Macquarie systems. You will validate financial products and rates by independently recreating their calculations and create reports to highlight review findings for senior management, model review committees, auditors, and regulators. Additionally, you will support model risk management activities while collaborating with your team and other stakeholders
We are a global financial services group operating in 30 markets with 57 years of unbroken profitability. At Macquarie, you’re empowered to shape a career that is fulfilling and creates value. You will bring your insights and expertise to the task at hand and feel supported as you make your own kind of impact for a better future.

What role will you play?

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If you have a keen interest in risk management across key financial models while working in a supportive and inclusive culture, join our Model Risk Management team. Our team is responsible for reviewing and approving Macquarie’s risk models across capital, credit provisioning and pricing. It provides assurance on the suitability of Macquarie's internally developed models by conducting a range of model validations whilst ensuring all models are integrated correctly in our trading and risk management systems

What you offer

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  • Master’s level study and at least one degree in a quantitative discipline with 2 years of relevant experience in pricing models.
  • Good understanding of financial markets and mathematical techniques for pricing derivatives;
  • Experience in object-oriented programming on languages such as C++ and python;
  • Problem solving and analytical skills, great attention to detail, and strong verbal and written communication skill; and
  • Experience working on R, SQL, VBA, UNIX/Linux, shell scripting and git is advantageous.
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 eligibility criteria, include:


  • 1 wellbeing leave day per year
  • 26 weeks’ paid maternity leave or 20 weeks’ paid parental leave for primary caregivers along with 12 days of paid transition leave upon return to work and 6 weeks’ paid leave for secondary caregivers
  • Company-subsidised childcare services
  • 2 days of paid volunteer leave and donation matching
  • Benefits to support your physical, mental and financial wellbeing including comprehensive medical and life insurance cover, the option to join parental medical insurance plan and virtual medical consultations extended to family members
  • Access to our Employee Assistance Program, a robust behavioural health network with counselling and coaching services
  • 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.

Inclusion at Macquarie

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We are committed to providing an inclusive environment for all, where different experiences, skills and perspectives are valued and respected. Macquarie provides access to opportunities for all individuals regardless of race, colour, religion, sex, sexual orientation, national origin, age, disability, protected veteran status, genetic information, marital status, gender identity or any other characteristic or circumstance.

We provide reasonable adjustments to individuals who may need support during the recruitment process and employment. If you require an adjustment, please let us know during the application process.
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