Country Risk Manager


Country Risk is part of Macquarie’s Credit Risk function within the Risk Management Group. The Country Risk team is responsible for assessing, approving and monitoring country risk undertaken by Macquarie. It is a global team, with members across Macquarie’s offices in Australia, Singapore, the US and UK.

In this role you will have the opportunity to form a view on the economic, political and business environment outlook for countries within your remit and use this to determine appetite for country risk exposure. Through this work you will follow developments across APAC both relating to economic and political changes as well as changes within the financial markets. You will also have the opportunity to contribute to bank wide stress testing and scenario analysis, including conducting economic forecasting for a stress scenario.

Key responsibilities:

  • Assessing, approving and monitoring country risk by Macquarie
  • Review political and economical status of countries that Macquarie has business in
  • Determine the risk appetite for each country
  • Stress testing for the bank
  • Understanding of regulatory pressure for each jurisdiction that Macquarie operates in
  • Report writing and presenting.

Day to day:

  • Communicate risk policies and processes to the business.
  • Provide hands on risk models and assessment based on political, credit and operational risk. Risk models that demonstrate what could happen in the case of a political or economic uproar. You will be responsible for understanding political and economic impacts in places that Macquarie does business in.
  • Assure that controls are in place and are operating effectively, controls so that our staff can understand what it means to do business in certain places. The controls are put in places to help our staff understand what the implications could be for potentially doing business in a certain locations based on political and economic status.
  • Provide research and analytical support to different business units on current political and economic status of countries that we are operating in.
  • Engage with stakeholders on risk related matters, for example countries that we are currently operating in. 
  • Advise on risk related issues to do with credit in countries that we are currently operating in or plan to do business in.

Technical experience;

  • Degree or experience in economics
  • Strong numerical and analytical skills
  • Understanding political climate
  • University degree or higher

You’ll also experience working with several businesses across the bank, including emerging market bond and stock trading, treasury functions, debt and equity investments and asset leasing.

You will bring with you a strong interest and understanding of the financial markets and as well as econometrics and display the ability to produce macroeconomic forecasting. An excellent working knowledge of both political and economic issues that could affect the APAC region would be advantageous to this role.

As you will liaise with multiple business stakeholders and have direct exposure to senior management, you will need exceptional communication skills both verbal and written. You will need to display the ability to think outside of the box so that you can adapt your style when working with a variety of different businesses across the group.

If this sounds like you then we would love to here from you, please apply via the link below.

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 Credit; Prudential, Capital and Markets; Market Risk; Operational Risk; Compliance; Quantitative Applications; and Internal Audit.

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. 

We recognise that flexibility comes in a variety of forms. Talk to us about what flexibility you need.


Country Risk is part of Macquarie’s Credit Risk function within the Risk Management Group. The Country Risk team is responsible for assessing, approving and monitoring country risk undertaken by Macquarie. It is a global team, with members across Macquarie’s offices in Australia, Singapore, the US and UK.

In this role you will have the opportunity to form a view on the economic, political and business environment outlook for countries within your remit and use this to determine appetite for country risk exposure. Through this work you will follow developments across APAC both relating to economic and political changes as well as changes within the financial markets. You will also have the opportunity to contribute to bank wide stress testing and scenario analysis, including conducting economic forecasting for a stress scenario.

Key responsibilities:

  • Assessing, approving and monitoring country risk by Macquarie
  • Review political and economical status of countries that Macquarie has business in
  • Determine the risk appetite for each country
  • Stress testing for the bank
  • Understanding of regulatory pressure for each jurisdiction that Macquarie operates in
  • Report writing and presenting.

Day to day:

  • Communicate risk policies and processes to the business.
  • Provide hands on risk models and assessment based on political, credit and operational risk. Risk models that demonstrate what could happen in the case of a political or economic uproar. You will be responsible for understanding political and economic impacts in places that Macquarie does business in.
  • Assure that controls are in place and are operating effectively, controls so that our staff can understand what it means to do business in certain places. The controls are put in places to help our staff understand what the implications could be for potentially doing business in a certain locations based on political and economic status.
  • Provide research and analytical support to different business units on current political and economic status of countries that we are operating in.
  • Engage with stakeholders on risk related matters, for example countries that we are currently operating in. 
  • Advise on risk related issues to do with credit in countries that we are currently operating in or plan to do business in.

Technical experience;

  • Degree or experience in economics
  • Strong numerical and analytical skills
  • Understanding political climate
  • University degree or higher

You’ll also experience working with several businesses across the bank, including emerging market bond and stock trading, treasury functions, debt and equity investments and asset leasing.

You will bring with you a strong interest and understanding of the financial markets and as well as econometrics and display the ability to produce macroeconomic forecasting. An excellent working knowledge of both political and economic issues that could affect the APAC region would be advantageous to this role.

As you will liaise with multiple business stakeholders and have direct exposure to senior management, you will need exceptional communication skills both verbal and written. You will need to display the ability to think outside of the box so that you can adapt your style when working with a variety of different businesses across the group.

If this sounds like you then we would love to here from you, please apply via the link below.

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 Credit; Prudential, Capital and Markets; Market Risk; Operational Risk; Compliance; Quantitative Applications; and Internal Audit.

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. 

We recognise that flexibility comes in a variety of forms. Talk to us about what flexibility you need.

Are you viewing this job on LinkedIn? Click here to apply