VP, US Cash Equities Risk Manager

Jefferies • New York, NY

18h • $175,000 - $200,000 • Onsite

About The Position

As part of a global team based in New York, the Risk Manager will be responsible for second-line oversight of the US Cash Equities business, which includes facilitation, portfolio and index trading, ETF, convertibles, and securities finance desks. Utilizing Jefferies' risk policies and the overarching Risk Management Framework, and adhering to relevant Risk Appetite Statements, the team collaborates directly with the business and other second-line partners. The role ensures that risks associated with cash equities, convertibles, and securities finance desk activities are identified, understood, captured, reported, escalated as necessary, and managed within the defined risk appetite. The ideal candidate will possess strong product and trading-risk knowledge, along with an understanding of the broader regulatory and governance landscape in risk management. This includes recognizing the interplay between market risk decisions and credit, counterparty, liquidity, operational, and conduct risks, as well as technology and data controls, new business reviews, limit governance, audit, regulatory expectations, and senior committee escalations. The position reports directly to the CRO of Equities and involves close collaboration with Global Risk Management, Equities Trading, Sales, Product Control, Finance, Operations, Technology, Compliance, Credit Risk, Audit, and other control functions.

Requirements

• 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.

Nice To Haves

• Working knowledge of SQL, Python, VBA, Power BI, Bloomberg, or other risk analytics tools is preferred.

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.

Benefits

• medical, dental & vision coverage
• 401(k)
• life, accident, and disability insurance
• wellness programs
• paid time off packages that include planned time off (e.g., vacation), unplanned time off (e.g., sick leave), and paid holidays
• paid parental leave

What This Job Offers

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