Jefferies, the global investment banking firm, has served companies and investors for over 50 years. Headquartered in New York with its European head office in London and staff in over 30 global cities, the firm provides clients with capital markets and financial advisory services, institutional brokerage and securities research, and wealth and asset management. Jefferies provides research and execution services in equity, fixed income, foreign exchange, futures and commodities markets, and a full range of investment banking services including underwriting, merger and acquisition, restructuring and recapitalisation.
Team Description
The Enterprise Risk team is part of the Risk Management Department and is responsible for:
- Undertaking entity-wide stress testing and scenario analysis and supporting the stress testing infrastructure of the wider Jefferies Group across risk disciplines;
- Developing and maintaining economic capital models which feed into the Firmwide capital adequacy assessment -including market risk, counterparty risk, settlement risk, operational risk, business risk- as well as leading the development and implementation of the Firmwide internal risk-based capital methodology used to inform capital allocation;
- Integrating the Group’s capital model into business-as-usual entity-level risk management and supporting regulatory reviews and interactions relating to these capital models.
- Assessing Group’s portfolio risks and vulnerabilities across business lines, with focus on concentrations and diversification, identifying and implementing controls to mitigate those including the enhancement of top-down Firmwide reporting;
- Developing and maintaining the Risk Taxonomy across financial and non-financial risks covering all Group’s activities and business lines.
- Implementing and maintaining the Risk Management Framework, Stress Testing Framework, Risk Appetite Framework (including risk appetite definition and calibration), Country Risk Framework, Business Model Analysis, and Risk Strategy and Governance of Jefferies Group;
The successful candidate will be a member of the Enterprise Risk team based in New York reporting to the US Head of Enterprise Risk. The role requires the applicant to take a key role in.
Primary responsibilities
The successful candidate’s responsibilities will include:
- Supporting entity-level risk management in the US including Executive- and Board-level reporting.
- Supporting the development and maintenance of economic capital models, including internal risk-based capital, and supporting the quarterly and annual capital adequacy assessment process;
- Supporting the development, maintenance and analysis of entity-wide stress testing scenarios (including market risk, credit counterparty and settlement risk, business risk and reverse stress testing);
- Supporting the assessment of Group’s Portfolio risk across business lines, through the implementation of enhanced top down / firm-wide reporting and key metrics;
- Supporting the maintenance and ongoing enhancement of the Group’s Risk Management Framework, Country Risk Framework and Risk Appetite Framework, including review of risk appetite and calibration of limits, and ongoing review and maintenance of Risk Policies and Procedures;
- Developing and maintaining the Group Risk Taxonomy across financial and non-financial risks.
Requirements
The following skills and experience are required for this role:
- Educated to degree level;
- At least 2+ years of experience in the financial services industry with a strong understanding of investment banking business models, risk management principles and frameworks across a variety of financial products including fixed income and equity (cash and derivatives);
- Developed, maintained and/or executed several of the following areas: stress testing and scenario analysis; economic capital models; portfolio risk management; capital planning; risk appetite calibration; risk taxonomies;
- Grasp of US prudential regulatory requirements applicable to banks and investment firms;
- Good written and oral communication / presentation skills;
- Analytical and numerate, comfortable managing financial data and MI, with strong excel / coding skills;
- A team player, comfortable working in a dynamic and evolving environment;
- Ability to work independently and assume responsibility for project deliverables.
Primary Location Full Time Salary Range of $100,000 - $120,000.