Jefferies
Equity Market Risk Manager (Vice President)
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Job Description
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
Based in London, as part of a global team, the Risk Manager will have responsibility for oversight of the Equity Derivatives business in Europe, covering both flow and structured products.
With the help of our Risk Policies and the overarching Risk Management Framework and in compliance with the Risk Appetite Statements of the Board, the team works directly with the business and in partnership with our second line partners and is responsible for reviewing material transactions, refining risk methodologies and identifying and assessing emerging risks.
The role reports directly to the Head of Equities Risk Management, Europe and works closely with colleagues across the global Equities Risk Management function.
Key Responsibilities
- Oversee and risk manage the relevant Equity Derivatives portfolios in accordance with Group risk policies and procedures.
- Ensure that market risks arising from the relevant portfolios 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, concentration risks, P&L explain and limit utilisation.
- Update and enhance the limit framework as the relevant risks of the portfolio evolve over time.
- Analyze complex equity derivatives and structured transactions and assess the resulting market risk exposures and hedging strategies.
- Review new business initiatives and assess market risks associated with new products and trading strategies.
- Support the refinement of market risk methodologies and enhancement of market risk analytics.
- Test and onboard new risk technologies.
- Liaise with key stakeholders as required including Trading, Product Control, Finance, Audit and Regulators.
- Prepare analysis and materials for risk committees and governance forums.
- Support the Head of Equities Risk Management, Europe and Equities CRO as required.
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Experience, Skills And Qualifications
- Minimum 5 years' experience covering Equity Derivatives, including structured products, within Market Risk Management, Trading, Structuring, Quantitative Analysis, Product Control or a related function at a financial institution.
- Strong understanding of equity products and the qualitative risks impacting derivatives businesses, including volatility, correlation, dividend, financing and liquidity risks.
- Degree educated in a quantitative discipline such as Mathematics, Physics, Engineering, Computer Science, Statistics or Financial Mathematics.
- Experience reviewing market risk exposures, stress testing results, P&L explain and limit frameworks.
- Track record of working successfully with traders and analysts and communicating effectively with senior management.
- Good understanding of the regulatory environment applicable to large financial institutions.
- Ability to participate in risk committees and manage a programme of work.
- Strong oral and written communication, planning, project management, networking, influencing and stakeholder management skills.
- Working knowledge of SQL, Python, VBA or Power BI.
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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 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.
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