Company
Jefferies, the global investment banking firm, has served companies and investors for almost 60 years. Headquartered in New York with its European head office in London, the firm provides clients with capital markets and financial advisory services, institutional brokerage and securities research, and asset management. Jefferies provides research and execution services in equity, fixed income, foreign exchange, and a full range of investment banking services including underwriting, merger & acquisition, restructuring and recapitalisation and other advisory services, with businesses operating in the Americas, Europe and Asia.
Role profile
The HR Regulatory Reporting Officer will be a central HR control function role based in Frankfurt, primarily supporting Jefferies Europe GmbH (JEG) remuneration governance and regulatory requirements, while also contributing to UK regulatory initiatives and supporting the HR Regulatory Manager in London.
Core Responsibilities and Coverage
- Remuneration Governance & Regulatory Oversight:
Oversee design, monitoring, and ongoing appropriateness of remuneration frameworks (excluding Management Board). Ensure compliance with InstitutsVergV, CRR (Art. 450), and broader EU/UK regulatory requirements. Produce the Annual Remuneration Control Report and support regulatory disclosures (e.g., benchmarking, high earners reporting). - Remuneration Process Oversight:
Support variable pay frameworks and MRT identification. Validate MRT remuneration structures (deferrals, pay mix, malus/clawback considerations). Perform controls including governance reviews. - Regulatory HR Operations (JEG & JIL Support):
Producing SMF & Certified Person R&Rs. End to end management of regulatory aspects of onboarding CPs and SMFs. Producing and responding to regulatory reference requests. Support the Annual Fit & Proper attestations, recertifications, and rescreening processes for JIL. Support JEG MRT exclusions and ongoing regulatory assessments. Maintain data integrity (Oracle HR) and conduct reconciliations. - Governance & Reporting:
Prepare and contribute to JEG Management Board/ Supervisory Board/CRC/ Operating Committee packs. Track KRIs, controls, and audit requirements, ensuring strong documentation and audit trail. Lead improvements to HR regulatory processes, workflows, and controls. Review inbound audit requests and resolve day to day findings.
Key Stakeholders:
- Supervisory Board & Remuneration Committee (RemCo)
- Senior Management
- HR Business Partners (Frankfurt and broader EMEA)
- HR Regulatory Manager (London)
- Compliance, Legal, Risk, Internal Audit
- External auditors and regulatory authorities (e.g., BaFin, ECB, FCA)
Key Projects / Focus Areas:
- Strengthening JEG remuneration governance framework
- Supporting MRT identification and exclusions
- Delivering regulatory reporting (e.g., high earners, benchmarking)
- Enhancing data integrity, controls, regulatory processes and policy documentation and KRI tracking
- Aligning EU (JEG) and UK (SMCR) regulatory processes
Essential Requirements:
Technical Regulatory Knowledge:
Hands-on experience with:
- BaFin-regulated investment firms
- WpIG (Wertpapierinstitutsgesetz)
- WplVergV (German Investment Firm Remuneration Regulation)
- IFD / IFR framework
- EBA Guidelines on Sound Remuneration Policies
- MRT (Material Risk Taker / Risikoträger) identification
- German governance requirements for management boards and control functions
Remuneration & MRT Expertise:
- Run annual MRT identification exercises
- Interpret quantitative and qualitative MRT criteria
- Draft MRT notifications and governance papers
- Challenge business rationales for removals/additions
- Manage deferral, instrument awards, malus and clawback requirements
- Support remuneration committee and management board decisions
Regulatory Reporting & Regulatory Affairs:
Ideally have experience with:
- BaFin submissions
- Regulatory change management
- Horizon scanning
- Interpretation of new regulations
- Internal policy implementation
- Regulatory audits and inspections
#LI-JD1