Job Description
We are seeking a highly analytical Vice President to join our Fixed Income Risk Management team to focus on our Securitized Products business. While this role sits within the market risk department, much of the candidate’s time will be focused on the firm’s ABS and CLO banking, structuring, and syndicating businesses. This requires in-depth understanding of the securitization process lifecycle, deep knowledge of structures and their underlying collateral, market clearing levels, and expertise with the various tools of the trade such as IntexCalc, IntexDealmaker, and Bloomberg.
The ideal candidate will be able to perform end-to-end risk assessments of new deals/trades and present concise opinions to senior leadership in risk and the business. On-site counterparty due diligence is sometimes required. Oversight of the firm’s Agency RMBS business is also within this role’s remit however deep product expertise in this space is not required. Understanding of Market Risk fundamentals such as the greeks, VaR, PnL Attribution, drawdown and macro stress testing is a plus. This role is located on the trading floor near the business.
Key Responsibilities:
- Collaborate closely with trading and banking teams to understand risk-taking activities and ensure alignment with risk appetite.
- Conduct scenario analysis and deep dives into tail risks, liquidity risk, and model-driven risk exposures.
- Monitor and manage daily market risk exposures across all product types mentioned above.
- Contribute to the development and enhancement of risk metrics, limits, dashboards, and reporting tools.
- Participate in limit setting and risk governance processes, providing independent risk views and escalation when warranted.
Qualifications:
- 5+ years of experience in market risk, trading, or structuring of securitized products at a top-tier financial institution.
- Strong understanding of securitized fixed income instruments: ABS, CLO, Non-Agency RMBS, and Agency RMBS
- Familiarity with risk measurement methodologies (e.g., VaR, sensitivities, stress testing) and familiarity with pricing/valuation models.
- Proficiency in Microsoft Office suite required.
- Experience with Bloomberg, and Intex required. Yieldbook, VBA, Python, SQL all favorable but not required.
- Bachelor’s or Master’s degree in a relevant field.
- Exceptional communication skills, with the ability to present complex concepts to senior leadership.
Primary Location Full Time Salary Range of $185,000 - $225,000.
About Us
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.
