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Open nowPosted 8 days ago

Enterprise Risk Management Associate (Multi-Asset)

Jefferies149 open roles

Pay
$100,000 – $120,000 a year
Where
New York, NY, United States
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Your applicationOpen nowEnterprise Risk Management Associate (Multi-Asset)Jefferies · New York, NY, United States
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The clock on this job

Early applications get read.

12.1% of postings close within 7 days. Measured by our own scanner across the market. Jefferies postings stay open a median of 10 days.

Share of postings closed within
  1. 2.1%1 day
  2. 4.5%3 days
  3. 12.1%7 days
  4. 19.1%14 days
  5. 35.6%30 days
  6. 52.7%60 days
This job: posted 8 days ago

Jefferies median: 10 days open

The posting

Job Description

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.

About Us

Jefferies is a leading global, full-service investment banking and capital markets firm that provides advisory, sales and trading, research, and wealth and asset management services. With more than 40 offices around the world, we offer insights and expertise to investors, companies, and governments.

At Jefferies, we are committed to building a culture that provides opportunities for all employees regardless of our differences and supports a workforce that is reflective of the communities where we work and live. As a result, we are able to pool our collective insights and intelligence to provide fresh and innovative thinking for our clients.

Jefferies is committed to creating and sustaining a workforce that welcomes individuals from all backgrounds to apply. Our employment decisions are made without regard to race, creed, color, national origin, ancestry, religion, pregnancy, age, medical condition, physical or mental disability, marital status, domestic partner status, sex, sexual orientation, gender, gender identity or expression, veteran or military status, genetic information, reproductive health decisions, or any other factor protected by applicable law. We are committed to hiring the most qualified applicants and complying with all federal, state, and local equal employment opportunity laws. As part of this commitment, Jefferies will extend reasonable accommodation to individuals with disabilities, as required by applicable law.

The salary offered will take into consideration an individual’s experience level and qualifications. In addition to salary, Jefferies Financial Group is proud to offer a comprehensive benefits package to eligible, full-time employees or part-time employees, who are scheduled to work at least 30 hours or more per week, including an annual discretionary incentive and retention bonus, competitive employee benefits, including: medical, dental & vision coverage; 401(k); life, accident, and disability insurance; and wellness programs. Jefferies also offers paid time off packages that include planned time off (e.g., vacation), unplanned time off (e.g., sick leave), and paid holidays, and for full-time employees, paid parental leave.

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