Fees and Commissions Analyst

2 weeks ago

Sydney, New South Wales, Australia Macquarie Group Limited Full time

Who are we?


The Fees & Commissions Operations Team is responsible for updating, calculating, paying and reporting on client fees and intermediary commissions for a range of products across Macquarie Group Limited's Banking and Financial Services Group (BFS).

Products serviced include Superannuation and Investment accounts (Wrap), Home Loans, Term Deposits, Commercial Loans, Private Bank, Asset Finance, DEFT and Credit Cards.

The team helps maintain the inputs for fee and commission calculations, monitors and adjusts these calculations, and works with product owners, system engineers and other operations teams to ensure all calculations and inputs are based on robust and efficient processes.


What will you do?

  • Accurately update system rates relevant to fee and commission calculations
  • Assist internal and external stakeholders, including audit and risk personnel, with fee and commission related queries
  • Maintain detailed knowledge of BFS products and their business environments
  • Work with product owners and project team members on fee and commission related projects including the design of IT systems
  • Use a variety of analytical tools to monitor, verify and report on high value multivariable fee and commission calculations
  • Continually identify and collaboratively implement changes to processes and systems that increase efficiency and reduce risk

Who are you?

  • You love a challenge and have strong analytical and problemsolving abilities
  • You have strong written and verbal communication skills with the ability to articulate difficult concepts succinctly
  • You are determined to build a career in the financial services industry and have proven collaboration skills
  • You are degree qualified in a discipline with a significant mathematical component (eg. actuarial, statistics, mathematics, computing, engineering)
  • You are eager to grow your technical skills with the ability to learn SQL and advanced Excel

About Banking and Financial Services**Banking and Financial Services is Macquarie's retail banking and financial services business, providing a diverse range of personal banking, wealth management, business banking and vehicle finance products and services to retail clients, advisers, brokers and business clients.

Our commitment to Diversity, Equity and Inclusion
The diversity of our people is one of our greatest strengths.

An inclusive and equitable environment enables us to deliver innovative and sustainable outcomes for our people, clients, shareholders and communities.

From day one, you'll be encouraged to be yourself and supported to perform at your best.

If our purpose of 'empowering people to innovate and invest for a better future' is as inspiring to you as it is to us, please apply.

With the right technology, support and resources, our people can work in a range of flexible ways.

About Macquarie:


A career at Macquarie means you'll have the opportunity to develop and utilise new skills, explore interesting fields and do challenging work that will impact the lives of people around the world—whether it's accelerating the green energy transition, helping sustain global food supplies, financing social housing projects or investing in essential infrastructure.

At Macquarie, we're empowering people to innovate and invest for a better future.

Our size and international presence means your work can take you anywhere—across business groups, disciplines, sectors and borders. With 18,000+ employees and offices in 33 markets around the world, we're a truly global organisation.


You'll be supported by a diverse team where the unique perspectives, ideas and experiences that all of our people bring are valued.

You'll be empowered to address unmet needs in our communities whilst advising and investing alongside our clients and partners. Working with us, you'll have the opportunity to make a difference.


Macquarie is a global financial group providing clients with asset management, retail and business banking, wealth management, leasing and asset financing, market access, commodity trading, renewables development, specialist advisory, capital raising and principal investment.


Job no:
BFS-970859

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Work type: Permanent
  • Full time
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Location: Sydney

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Category: Junior, Retail Banking

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Group: Banking and Financial Services
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Division: BFS Central & Operations

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Recruiter: Tatiana Stepanova

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Opening Date: 16/1/2023

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