Enterprise Risk Management Associate (Multi-Asset)

Jefferies Financial Group • New York, NY

4d • Onsite

About The Position

Jefferies is hiring an Enterprise Risk Management Associate for its Enterprise Risk team within the Risk Management Department. The role is based in New York and reports to the US Head of Enterprise Risk. The Enterprise Risk team supports entity-wide stress testing and scenario analysis; develops and maintains economic capital models and the Firmwide internal risk-based capital methodology; integrates capital models into ongoing entity-level risk management; assesses portfolio risks and vulnerabilities across business lines; maintains the Group Risk Taxonomy; and implements and maintains risk management, stress testing, risk appetite, country risk, business model analysis, strategy, and governance frameworks.

The successful candidate will support entity-level risk management in the US, including executive- and board-level reporting. The role also supports economic capital and capital adequacy work, entity-wide stress testing, portfolio risk assessment and reporting, and ongoing maintenance and enhancement of risk frameworks, policies, procedures, and the Group Risk Taxonomy.

Requirements

• Degree-level education.
• At least 2 years of experience in the financial services industry.
• Strong understanding of investment banking business models and risk management principles and frameworks across financial products, including fixed income and equity, both cash and derivatives.
• Experience developing, maintaining, and/or executing several of the following: stress testing and scenario analysis; economic capital models; portfolio risk management; capital planning; risk appetite calibration; and risk taxonomies.
• Understanding of US prudential regulatory requirements applicable to banks and investment firms.
• Good written, oral communication, and presentation skills.
• Analytical and numerate, comfortable managing financial data and management information, with strong Excel and coding skills.
• Team player who is comfortable working in a dynamic and evolving environment.
• Ability to work independently and assume responsibility for project deliverables.

Responsibilities

• Support entity-level risk management in the US, including executive- and board-level reporting.
• Support the development and maintenance of economic capital models, including internal risk-based capital, and support quarterly and annual capital adequacy assessments.
• Support 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.
• Support assessment of Group portfolio risk across business lines through enhanced top-down and firmwide reporting and key metrics.
• Support maintenance and ongoing enhancement of the Group’s Risk Management Framework, Country Risk Framework, and Risk Appetite Framework, including review of risk appetite, calibration of limits, and review and maintenance of risk policies and procedures.
• Develop and maintain the Group Risk Taxonomy across financial and non-financial risks.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level