Front Office Risk Manager, Credit Trading (HY/LL)

Jefferies Financial Group • New York, NY

13d • $185,000 - $225,000

About The Position

We are seeking a highly analytical Vice President to join our Fixed Income Risk Management team, with a primary focus on single name issuer risk and credit trading businesses . The role covers trading desks including Investment Grade, High Yield, Leveraged Loans, Distressed/Special Situations, and Credit ETFs/Algo trading. This is a high‑visibility, front‑office‑embedded position, partnering closely with senior traders and risk leadership to analyze, explain, and challenge risk‑taking at issuer and portfolio level , ensuring alignment with the firm’s risk appetite. The ideal candidate brings deep experience in single‑name risk analysis , including fundamental credit assessment and underwriting, strong familiarity with traded credit products, and the analytical judgment to identify and escalate material risks. Fluency in market drivers, capital structure dynamics, and issuer‑specific risk is essential. Responsibilities: Engage with trading and syndication desk to understand trading strategies, issuer-level risk exposures, hedging strategies, and changes in risk profile. Conduct deep dive analyses on material risks, including idiosyncratic issuer risk, sector concentrations, and complex trading strategies. Communicate key risk changes, market developments, and P&L drivers—particularly those driven by single‑name or concentrated exposures—to senior management. Design stress scenarios with a strong focus on single‑name, sector, and correlated credit events. Assess new products and transactions, proposing risk frameworks that appropriately capture issuer‑specific and structural credit risks. Actively participate in weekly risk meetings. Test/onboard new technologies as appropriate. Develop productive working relationships with Front Office as well as other support functions, including Middle Office, Operations, Compliance, and Technology. 8+ years of experience in corporate credit, including fundamental single‑name credit analysis and/or underwriting, within a trading, risk management, or investing environment at a top‑tier institution; buy‑side experience is a strong plus. Demonstrated expertise in analyzing issuer‑level risk, capital structures, and credit fundamentals across IG, HY, and leveraged finance products. Proven ability to multitask and prioritize under pressure while maintaining accuracy and high level of attention to detail. Clear and effective communicator, capable of articulating complex concepts succinctly. Experience as a credit analyst is a plus. Team‑oriented self‑starter with the judgment and initiative to independently drive analyses and challenge risk‑taking where appropriate Familiarity with sensitivities (DV01/CS01), VaR, stress testing, pricing/valuation models a plus. Proficiency in Microsoft Office, Bloomberg, and risk engines (e.g., RiskMetrics, Murex). Python/SQL/VBA a plus. Bachelor’s or Master’s in a relevant field.

Requirements

• 8+ years of experience in corporate credit, including fundamental single‑name credit analysis and/or underwriting, within a trading, risk management, or investing environment at a top‑tier institution; buy‑side experience is a strong plus.
• Demonstrated expertise in analyzing issuer‑level risk, capital structures, and credit fundamentals across IG, HY, and leveraged finance products.
• Proven ability to multitask and prioritize under pressure while maintaining accuracy and high level of attention to detail.
• Clear and effective communicator, capable of articulating complex concepts succinctly.
• Team‑oriented self‑starter with the judgment and initiative to independently drive analyses and challenge risk‑taking where appropriate
• Proficiency in Microsoft Office, Bloomberg, and risk engines (e.g., RiskMetrics, Murex).
• Bachelor’s or Master’s in a relevant field.

Nice To Haves

• Experience as a credit analyst is a plus.
• Familiarity with sensitivities (DV01/CS01), VaR, stress testing, pricing/valuation models a plus.
• Python/SQL/VBA a plus.

Responsibilities

• Engage with trading and syndication desk to understand trading strategies, issuer-level risk exposures, hedging strategies, and changes in risk profile.
• Conduct deep dive analyses on material risks, including idiosyncratic issuer risk, sector concentrations, and complex trading strategies.
• Communicate key risk changes, market developments, and P&L drivers—particularly those driven by single‑name or concentrated exposures—to senior management.
• Design stress scenarios with a strong focus on single‑name, sector, and correlated credit events.
• Assess new products and transactions, proposing risk frameworks that appropriately capture issuer‑specific and structural credit risks.
• Actively participate in weekly risk meetings.
• Test/onboard new technologies as appropriate.
• Develop productive working relationships with Front Office as well as other support functions, including Middle Office, Operations, Compliance, and Technology.

What This Job Offers

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