Senior Manager - Third Party Distribution Risk

Are you an experienced risk leader looking to shape the strategic direction of third-party distribution governance across one of Australia's leading wealth and banking platforms?

We are seeking a commercially astute, proactive Senior Manager for our Wealth Third Party Distribution Risk function. In this high-impact, visible leadership role within Banking and Financial Services, you will help oversee the risk governance framework governing our extensive network of third parties, including financial advisers, dealer groups and service providers.

Stepping beyond operational oversight, you will balance technical risk expertise with big-picture strategic thinking. You will anticipate emerging industry and regulatory risks, provide credible and constructive challenge to commercial stakeholders, champion a strong risk culture, and lead a high-performing individuals navigating complex, high-stakes distribution environments.

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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As a Senior Manager, you will take stewardship of the distribution risk management framework, driving governance excellence, leading complex risk assessments, and empowering your team. Your core focus areas include:

High-Stakes Investigations & Executive Engagement

Predictive Risk & Thematic Analysis: Look beyond surface-level indicators to anticipate systemic risks, complex fraud vectors,



or market misconduct across the distribution lifecycle before they elevate.

Complex Case Leadership: Direct deep-dive reviews, transaction forensic analyses, and high-risk case investigations involving third-party participants, synthesising granular evidence into clear root-cause conclusions.

Influence & Stakeholder Negotiation: Navigate complex business dynamics, anticipate stakeholder objections, and present well-reasoned counter-arguments to align executive stakeholders around proactive risk management solutions.

Strategic Governance & Risk Framework Ownership

Framework Leadership & Control Optimisation: Lead the ongoing design, uplift, and implementation of the third-party distribution risk management framework; continuously stress-test controls to ensure they are operating effectively to prevent and detect emerging issues.

Risk Appetite & Decisive Action: Monitor compliance against risk tolerances, taking immediate and decisive action to address situations where the risk appetite of the business is challenged or exceeded.

Regulatory Translation into Operational Excellence: Translate complex regulatory developments, industry guidance (such as ASIC/APRA standards), and internal policies into pragmatic, streamlined operational workflows and supervisory oversight mechanisms.

Credible Challenge & Commercial Judgment: Provide robust,



independent, and constructive challenge to business and distribution partners, balancing short-term commercial demands against longer-term risk outcomes and client protection.

People Leadership, Coaching & Risk Culture

Team Development & Empowerment: Lead, coach, and inspire a growing team of risk professionals; provide appropriate stretch assignments, set explicit performance benchmarks, and celebrate team achievements.

Navigating Ambiguity & Change: Serve as an anchor during periods of acute pressure or shifting regulatory landscapes, helping team members manage ambiguity, prioritise competing demands, and maintain high standards of execution.

Embedding Risk Culture: Lead by example to strengthen risk culture across Wealth Management, instilling clear accountability, rigorous ownership, and transparent escalation across front-line distribution teams.

What you offer

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You are a seasoned risk professional and respected people leader with deep financial services expertise, commercial acumen, and the resilience to lead through complexity.

To be successful in this role, you will bring:

- Extensive Experience: 8+ years of experience across wealth management, distribution governance, financial advice platforms (Wrap/IDPS), broker operations, or 2nd line operational/compliance risk (prior tier-one consulting or wealth institution experience highly regarded).
- Proven People Leadership: Demonstrated track record of leading, mentoring, and developing teams, with a talent for fostering an inclusive, high-performance culture and guiding staff through change.
- Strategic & Analytical A

📌 Senior Manager (Sydney)
🏢 Macquarie Group
📍 Sydney