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.
About the Risk Management department
The successful candidate will be working in the Risk department at Jefferies in London. The Risk Management Department is responsible for independent risk oversight and analysis for the Firm by identifying, assessing, monitoring, and managing risk. The main responsibilities include:
Establishing and implementing the risk management framework, policies and controls
Establishing and implementing the firmwide risk appetite framework and statements in line with the Firm’s strategic business and financial plans
Identifying and assessing financial and non-financial risks including existing risks from business activities, emerging risks from changes in external conditions, and risks from new business strategies, initiatives and products introduced through the New Business Process
Measuring current and potential risks using quantitative and qualitative methodologies, and monitoring risks through key risk metrics
Establishing limit frameworks, monitoring utilizations of the limits against key risk metrics, and ensuring compliance to the limits
Performing independent reviews and challenges of risk-taking and hedging activities including deep dives of risk exposures and vulnerability review
The Risk Management Department is led by the Global Chief Risk Officer and organised primarily along risk type lines as well as the Firm’s organization structure by business and legal entities.
Market Risk focuses on the risk of loss due to fluctuations in the market value of positions attributable to changes in market variables
Credit Risk focuses on the risk of loss due to adverse changes in a counterparty’s credit worthiness or its ability to meet its financial obligations in accordance with the terms and conditions of a financial contract
Operational Risk focuses on the risk of financial or non-financial impact resulting from inadequate or failed internal processes, people, systems and use of third parties or from external events
Quantitative Risk focuses on the methodologies and models used by the Firm to assess and measure risk
Office of COO drives the enhancement of risk processes, projects, technology, and resourcing to optimize the efficient delivery of the department’s strategic objectives, Additionally, it focuses on independent reviews and validations of all models used for valuation of the Firm’s inventory.
Programme
The role will be a flexible 2-year program comprised of a placement in two of the above teams, with further exposure to other risk teams to give the successful candidate a well-rounded experience and the chance to develop their skillset across all aspects of Risk Management. The program also sponsors the candidate for the Financial Risk Manager (FRM) qualification – a leading certification for risk managers recognized in every major market.
What we look for in a candidate
You should have a strong academic background and graduating in 2024
Self-motivated and eager to make an impact
Problem-solving and decision-making abilities
Ability to work under pressure and in an organised manner to meet deadlines
Ability to work effectively both independently and collaborate as part of a dynamic fast-paced team
Adaptability, ability to multitask and manage a variety of projects simultaneously
Demonstrate professionalism and strong interpersonal skills
Basic understanding of financial markets and a desire to build a career in Financial Services
We hire graduates across a variety of disciplines with strong technical, written, and verbal communication skills
Diversity, Equal Employment Opportunity, Reasonable Accommodations and COVID
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 supporting 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 workplace. We practice equal opportunity for all, regardless of race, religion, ancestry, colour, gender, pregnancy, age, physical or mental disability or medical condition, national origin, marital, family and social status, sexual orientation, gender identity or expression, genetic information, religion, trade union membership or any other factor protected by law. We are committed to hiring the most qualified applicants and complying with all federal, state, and local equal employment opportunity laws. In accordance with applicable law, we are dedicated to finding reasonable accommodations for candidates and employees’ religious practices and beliefs, as well as any mental health or physical disability needs. Please inform your recruiter should you require accommodations throughout your application process.
All employees must follow Jefferies’ COVID-19 protocol policy, which is subject to change. Your acceptance of an offer means that you will comply with the COVID-19 protocol policy. Jefferies expects that you will work in-person in the office on a schedule set by your manager or the firm.
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.
More about our company can be found at www.jefferies.com
