Investment Banking

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**Senior Manager - Third Party Distribution Risk (Job ID 24761)** Lead our third-party distribution risk function, shaping strategic direction and overseeing governance across Australia's leading wealth and banking platforms. You'll balance technical risk expertise with big-picture thinking, anticipating industry and regulatory risks, providing constructive challenge, and leading high-performing teams. **Responsibilities:** - Drive governance excellence and complex risk assessments - Investigate high-stakes cases and engage executives - Develop predictive risk models and thematic analyses - Optimise risk frameworks and controls - Translate regulatory developments into operational excellence - Foster a strong risk culture and empower your team **Required Skills & Experience:** - 8+ years in wealth management, distribution governance, or related fields - Proven people leadership and strategic acumen - Decisiveness under pressure and principled decision-making - Relevant tertiary qualifications, with post-graduate degrees/certifications a plus **About Macquarie** Offering a dynamic, inclusive work environment with extensive benefits, including hybrid working, learning opportunities, and generous leave provisions. At Macquarie, you're empowered to build a rewarding career tailored to your needs.

Compensation: Not specified
City: Sydney
Country: Australia

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Senior Manager - Third Party Distribution Risk

Additional office locations

Sydney

Job ID

24761

Date

06-Nov-2026

Permanent - Full time,

Apply now

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, youre 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 escalate.

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 clear 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 Acumen: Exceptional ability to step back from technical detail, assess broader commercial and systemic implications, and design practical, high-integrity risk solutions.
Decisiveness Under Pressure: Sound judgment and composure in high-stakes, time-sensitive situations, with the conviction to make principled decisions aligned with organisational risk appetite.
Qualifications: Relevant tertiary qualifications in Law, Commerce, Business, Finance, or a related discipline; post-graduate qualifications or relevant industry certifications are 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, youre empowered to shape a career thats 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 Banking and Financial Services

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Banking and Financial Services is our technology-driven retail bank. You will be part of a team that supports clients to achieve their full potential - whether thats buying a home, growing a business or investing to manage wealth.

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.

Full Job Description

Jobs

Jobs
Featured jobs

Back to search

Senior Manager - Third Party Distribution Risk

Additional office locations

Sydney

Job ID

24761

Date

06-Nov-2026

Permanent - Full time,

Apply now

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?