Job Description
VP, US Fixed Income Operations
The VP, US Fixed Income Ops would be primarily responsible for:
- Leading efforts to manage all projects and testing in the US Fixed Income Ops space for systems, industry, and regulatory changes
- Managing the day-to-day Fixed Income Ops workflow, primarily covering clearance and funding of Fixed Income securities in both DTC/Fed depositories
Day-to-day responsibilities include:
- Developing, implementing, and testing enhancements to ensure straight-through processing of outright and report transactions
- Researching and reconciling breaks, fails, open items, unencumbered securities, etc
- Liaising with desk, Middle Office, and other Operations teams to satisfy settlement and funding obligations
- Architecting and managing trade and security flows to respective systems/depots for settlement
- Re-aligning securities between depots
- Creating and repairing processes to lower operational risk to the firm
Experience in the following is a plus:
- MBS Allocations
- Warehouse Lending/Gestation Repo Ops
- TMPG and Claims
Desirable Qualifications:
- Strong knowledge of all Fixed Income clearance/settlement concepts and experience in DTC, Fed, and Euroclear
- Strong knowledge of Fixed Income security lifecycle events (fails, maturities, coupons, factors, rate changes, reorgs, etc) and its effect on stock record/trial balances
- Proven track record of managing operational risk, processes, projects, and staff
- Strong knowledge of Broadridge GPS products (BPS, CAGE, Impact, Gloss)
- Proven track record of successfully managing the allocation of collateral into triparty shells and running a funding operation
- Proven track record of successfully working with industry peers on Fixed Income initiatives (Same Day Settlement, Fed Repo Tracking, Consolidated Margin, Single Security, etc)
Strong attention to detail
- Strong written and verbal communication skills
- Strong Excel skills (Pivot Tables, VLOOKUP, analysis of large data sets)
- Proven self-starter with ability to think quickly under pressure
Primary Location Full Time Salary Range of $150,000 - $180,000
The salary offered will take into consideration an individual’s experience level and qualifications. In addition to salary, Jefferies offers, for eligible employees, 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 (vacation), unplanned time off (sick leave), and paid holidays and paid parental leave.
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.
All e mployees must follow Jefferies’ COVID-19 protocol policy , which is subject to chan ge.
