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AVP, Liquidity Risk Management at Jefferies in New York, NY
Job Description
Team
The Global Risk Management team is based across the New York, London, Frankfurt, and Asia offices and comprises subject matter experts across all product areas. The Liquidity Risk Management function forms part of the Global Risk Department.
Role
Jefferies Financial Group is looking to hire an Assistant Vice President the Liquidity Risk Management team. The role will be based in New York, with responsibilities for second line liquidity risk management globally. The primary responsibility of this Risk Manager will be to help manage day-to-day liquidity risks and drive strategic project work. The individual will work closely with Treasury, Front Office, Risk Controllers, Risk Managers, Risk Analytics team and other corporate functions. The responsibilities will comprise BAU liquidity risk management activities, new business proposals, methodology review and challenge, including liquidity stress testing & scenario analysis.
Key Responsibilities & Activities:
Liquidity Risk Management acts as an independent control function overseeing liquidity risk throughout the Firm. The main responsibility and accountability of this role will be to help build out capabilities of the Liquidity Risk Management function as the 2nd line of defense (2LoD). This includes:
- Review and challenge of the Internal Liquidity Stress Test and related analyses, limit calibrations and completeness, contingency funding plan, and other reporting and metrics related to liquidity and funding
- Independent assessment of key liquidity risks. This includes modeling, data analysis, business interaction, etc. to gain deep understanding of underlying mechanics and risk profile
- Helping drive the build of an integrated market shock engine, in collaboration with other areas of Risk, to determine the net liquidity impact of market movements
- Participate in ongoing discussions with Treasury, Operations, businesses, and other constituents with the goal of understanding and helping to mitigate the liquidity risks arising from our business and funding activities.
- Monitor limits, including those related to the Risk Appetite Statement, and escalates breaches as appropriate
- Assessing data requirements and helping build out Risk’s access to strategic data
- Assist with regulatory requests collaborating with Treasury, Compliance, and other groups as needed
- AVP-level role
- Strong quantitative academic background with ideally a (postgraduate) degree in business, mathematics or similar
- Strong Liquidity Risk Management experience in either a first line function (Treasury) or second line function (Liquidity Risk)
- In depth knowledge of equity & fixed income trading products and markets, including cash trading, derivatives, and prime brokerage
- Solid understanding of liquidity risk measurement methodologies, including scenario analysis and stress testing
- Experience of new product/business development due diligence and related testing
- Experience of performing due diligence on trades and their impact on liquidity
- Experience of managing and developing risk appetite/limits
Person Specification
- AVP-level role
- Strong quantitative academic background with ideally a (postgraduate) degree in business, mathematics or similar
- Strong Liquidity Risk Management experience in either a first line function (Treasury) or second line function (Liquidity Risk)
- In depth knowledge of equity & fixed income trading products and markets, including cash trading, derivatives, and prime brokerage
- Solid understanding of liquidity risk measurement methodologies, including scenario analysis and stress testing
- Experience of new product/business development due diligence and related testing
- Experience of performing due diligence on trades and their impact on liquidity
- Experience of managing and developing risk appetite/limits
Primary Location: New York Full Time Salary Range of $150,000-$175,000.
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Company
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 are committed 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 committed to creating and sustaining a workforce that welcomes individuals from all backgrounds to apply. Our employment decisions are made without regard to race, creed, color, national origin, ancestry, religion, pregnancy, age, medical condition, physical or mental disability, marital status, domestic partner status, sex, sexual orientation, gender, 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 accommodation to individuals with disabilities, as required by applicable law.
The salary offered will take into consideration an individual’s experience level and qualifications. In addition to salary, Jefferies Financial Group is proud to offer a comprehensive benefits package to eligible, full-time employees or part-time employees, who are scheduled to work at least 30 hours or more per week, including an annual discretionary incentive and retention bonus, competitive employee benefits, including: medical, dental & vision coverage; 401(k); life, accident, and disability insurance; and wellness programs. Jefferies also offers paid time off packages that include planned time off (e.g., vacation), unplanned time off (e.g., sick leave), and paid holidays, and for full-time employees, paid parental leave.