Job Description
Based in New York, as part of a global team, the Risk Manager will have responsibility for second-line oversight of the US Cash Equities business, including facilitation, portfolio and index trading, ETF, convertibles, securities finance desks.
With the help of Jefferies risk policies and the overarching Risk Management Framework, and in compliance with relevant Risk Appetite Statements, the team works directly with the business and in partnership with second-line partners. The role is responsible for ensuring that risks arising from cash equities, convertibles, and securities finance desk activity are identified, understood, captured, reported, escalated as required, and managed within risk appetite.
The successful candidate should combine strong product and trading-risk knowledge with an appreciation of the wider regulatory and governance environment across risk management. This includes understanding how market risk decisions interact with credit and counterparty risk, liquidity risk, operational risk, conduct risk, technology and data controls, new business review, limit governance, audit, regulatory expectations, and senior committee escalation.
The role reports directly to the CRO of Equities and works closely with colleagues across Global Risk Management, Equities Trading, Sales, Product Control, Finance, Operations, Technology, Compliance, Credit Risk, Audit, and other control functions.
Key Responsibilities
- Oversee and risk manage relevant US Cash Equities desk / portfolios in accordance with Group risk policies and procedures.
- Ensure that risks arising from cash equities, convertibles, securities finance and principal trading activity are identified, understood, captured, reported, escalated as required, and managed within risk appetite.
- Monitor, review, and challenge daily risk metrics including VaR, stress testing results, sensitivities, inventory, concentration risk, liquidity risk, P&L explain, limit utilisation, and material position changes.
- Review large or complex one-off transactions, facilitation requests, concentrated positions, sector and country exposures, event-driven risks, convertibles exposures, securities finance desk activity, short positions, hard-to-borrow names, collateral considerations, and other material cash-equities risk drivers as part of the pre-trade and ongoing risk oversight framework.
- Ensure timely VaR signoff, accuracy of key risk metrics, and quality of associated reporting dashboards and reports.
- Update and enhance the limit framework, reporting, dashboards, stress testing, scenario analysis, and analytical tools as the risk profile of the business evolves.
- Review new business initiatives, product or strategy changes, securities finance developments, and trading workflow developments to assess risk drivers, regulatory considerations, governance requirements, and control implications.
- Prepare analysis and materials for risk committees, governance forums, senior management discussions, regulatory or audit responses, and ad-hoc risk reviews.
- Liaise with key stakeholders including Trading, Sales, Product Control, Finance, Operations, Technology, Compliance, Credit Risk, Audit, and senior management.
- Support broader US Equities and global equities risk initiatives as required.
Experience, Skills And Qualifications
- Degree educated in a quantitative, finance, economics, engineering, computer science, statistics, or related discipline.
- Minimum 5 years' relevant experience in market risk management, cash equities trading, securities finance, convertibles, product control, portfolio trading, quantitative analysis, or related capital markets control function.
- Strong understanding of cash equities products and related market risk drivers, including inventory risk, convertibles, securities finance desk activity, liquidity risk, concentration risk, event risk, sector and country exposure, facilitation risk, and P&L explain.
- Experience reviewing market risk exposures, stress testing results, VaR, sensitivities, limit frameworks, trading portfolio concentrations, and material risk moves.
- Good appreciation of the regulatory and governance environment applicable to equities activity at large financial institutions, including policies and procedures, risk appetite, committee governance, limit frameworks, escalation standards, new business review, audit, and regulatory engagement.
- Ability to analyse complex portfolio information and convert data into concise, actionable risk commentary for senior management and governance forums.
- Proven track record of working successfully with traders and analysts and communicating effectively with senior management.
- Strong oral and written communication, planning, project management, networking, influencing, and stakeholder management skills.
- Working knowledge of SQL, Python, VBA, Power BI, Bloomberg, or other risk analytics tools is preferred.
Primary Location Full Time Salary Range of $175,000 - $200,000
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.
