Job Description
The position sits within the Fixed Income division at Jefferies, working closely with the US Rates Desk. The desk serves global fixed income investors with liquidity and assisting in risk transfer in the US Treasury market. Jefferies is a Primary Dealer. In this role, Jefferies serves as a trading counterparty of the New York Fed in its implementation of monetary policy, expected to make markets for the New York Fed on behalf of its official accountholders as needed, and to bid on a pro-rata basis in all Treasury auctions at reasonably competitive prices. Jefferies also maintains regular communication with the Fed, giving insight into market conditions and our views on the outlook for the economy, monetary policy, and interest rates.
Your role and impact
Jefferies seeks a candidate with experience who will join a team that provides macroeconomic analysis and policy insight. Jefferies values entrepreneurial drive and original ideas that generate unique value to colleagues and clients. The Economics team also focuses on interpreting incoming economic data and news and provides rapid feedback to colleagues in the trading room and outside clients.
Your Responsibilities
As a US Economist, you will:
- Collaborate with the Chief Economist to form a view on the economic outlook for the United States, including forecasts of key economic data and Federal Reserve monetary policy decisions.
- Provide regular insight and analysis to the sales and trading teams internally, clients who manage portfolios of a variety of asset classes, investment banking clients, and internal management teams.
- Forecast high-frequency economic data and participate in surveys with the Federal Reserve, Treasury, and media outlets.
- Write commentary that is distributed to clients, press, and internal teams on the economic outlook, Treasury financing needs and policy decisions, Fed monetary policy, and the interpretation of high-frequency economic data.
- Communicate with contacts at financial media outlets to promote Jefferies with differentiated views in both print and live interviews.
You have…
- A strong background in macroeconomics with substantial experience forecasting and analyzing economic trends
- 7+ years of relevant experience is preferred
- Strong proficiency in building statistical models using Python, Eviews, and related software
- An ability to quickly synthesize data into digestible takeaways that provide value to traders and long-term investors
- Strong communication (both written and oral), theoretical, and analytical skills
- An ability to lead discussions with clients and internal management teams, providing confident views that have been developed with rigor
- Intense curiosity that drives creative thinking, unafraid to deviate from consensus
Primary Location Full Time Salary Range of $150,000 - $200,000.
About Us
Jefferies Financial Group Inc. (‘‘Jefferies,’’ ‘‘we,’’ ‘‘us’’ or ‘‘our’’) is a U.S.-headquartered global full service, integrated investment banking and securities firm. Our largest subsidiary, Jefferies LLC, a U.S. broker-dealer, was founded in the U.S. in 1962 and our first international operating subsidiary, Jefferies International Limited, a U.K. broker-dealer, was established in the U.K. in 1986. Our strategy focuses on continuing to build out our investment banking effort, enhancing our capital markets businesses and further developing our Leucadia Asset Management alternative asset management platform. We offer deep sector expertise across a full range of products and services in investment banking, equities, fixed income, asset and wealth management in the Americas, Europe and the Middle East and Asia.
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 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 diverse workforce and encourages applicants from all backgrounds to apply. This includes applicants from historically underrepresented groups, including women, racial and ethnic minorities, members of the LGBTQ+ community, military veterans, and individuals with disabilities or who are neurodiverse.
Jefferies is an equal employment opportunity employer, and takes affirmative action to ensure that all qualified applicants will receive consideration for employment without regard to race, creed, color, national origin, ancestry, religion, gender, pregnancy, age, physical or mental disability, marital status, sexual orientation, 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 accommodations 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.
