Fixed Income Market Risk Manager

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Job Description

Role

The role is for a Market Risk Manager to join the JIL Fixed Income Market Risk team, based in London and responsible for monitoring and measuring market risk according to the Risk Policies and the overarching Risk Management Framework and in compliance with the Risk Appetite Statements of the Board. The team sits on the trading floor and interacts with Front Office daily.

The day to day job includes defining risk appetite and limits, discussing with Trading to understand and challenge positions, communicating with senior management on market developments, risks and PNL, providing inputs into new business initiatives, and overall providing expertise to the rest of the firm on market risk-related topics.

The role would initially be focused on European Securitised Markets, including Asset Backed Securities and Collateralised Loan Obligations, but with the view to expand to other areas of the Fixed Income business, particularly CEEMEA Emerging Markets.

The ideal candidate would have worked across different areas of Fixed Income risk, ideally with some experience of Securitization, and would be open to having a broad remit as opposed to specialising in just one area.

The role will report into the JIL Head of Fixed Income Market Risk.

The JIL Risk Management department is overseen by the JIL Chief Risk Officer. The team works closely with the Jefferies GmbH Risk Management team based in Frankfurt and with the Risk team in New York.

Key Responsibilities

• Oversee and risk manage the relevant Fixed Income portfolios in accordance with JIL and Group risk policies & procedures;
• Ensure that market risks arising from the relevant JIL Fixed Income portfolios are identified, understood, captured, reported, escalated as required and managed within risk appetite;
• Advise management in the definition and refinement of an appropriate market risk control framework, including the ongoing review and improvement of the risk appetite framework, as well as the Firm's approach to stress testing and scenario definition;
• Perform deep dive analyses on products, trading and hedging strategies and to develop risk frameworks for new products
• Test and onboard new risk technologies;

Experience, Skills and Qualifications

• Educated to degree level ideally in a quantitative or finance-related discipline with good analytical skills;
• 5 to 10 years experience as a market risk manager for a financial institution;
• Understanding of fixed income products with particular emphasis on emerging markets, credit and securitised products, specifically MBS, CLO and CLO warehouses;
• Track record of working successfully with traders and analysts and communicating effectively with senior management; Ability to engage with, influence and obtain support from a broad range of stakeholders, i.e. someone who can challenge and partner with the desk to add value to the business;
• High level of awareness of market standards for risk management and control, including hands-on practical experience;
• Excellent oral and written communication;
• Strong quantitative skills;
• Coding experience would be a plus;
• Highly motivated individual with a passion for continued individual learning / personal development.
• Experience using Intex would be a plus.

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About Us

Jefferies Financial Group Inc. (''Jefferies,'' ''we,'' ''us'' or ''our'') is a U.S.-headquartered global full service, integrated investment banking and securities firm. Our largest subsidiary, Jefferies LLC, a U.S. broker-dealer, was founded in the U.S. in 1962 and our first international operating subsidiary, Jefferies International Limited, a U.K. broker-dealer, was established in the U.K. in 1986. Our strategy focuses on continuing to build out our investment banking effort, enhancing our capital markets businesses and further developing our Leucadia Asset Management alternative asset management platform. We offer deep sector expertise across a full range of products and services in investment banking, equities, fixed income, asset and wealth management in the Americas, Europe and the Middle East and Asia.

At Jefferies, we believe that diversity fosters creativity, innovation and thought leadership through the infusion of new ideas and perspectives. We have made a commitment 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 an equal employment opportunity employer, and takes affirmative action to ensure that all qualified applicants will receive consideration for employment without regard to race, creed, color, national origin, ancestry, religion, gender, pregnancy, age, physical or mental disability, marital status, sexual orientation, 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 accommodations to individuals with disabilities, as required by applicable law.

All employees must follow Jefferies' COVID-19 protocol policy, which is subject to change.