Senior Market Risk Manager

3 days ago


London, Greater London, United Kingdom Jefferies Financial Group Full time
Description

The role is for a Risk Manager to join the London Fixed Income Market Risk team. The team sits on the trading floor and interacts with the Front Office daily. The position focuses on the European Credit Trading business, which spans several desks, from IG credit to high-yield and distressed.

The day-to-day responsibilities include defining risk appetite and limits, engaging with Trading to understand and challenge positions, communicating with senior management regarding market developments, risks, and P&L, providing input into new business initiatives, and offering expertise on market risk-related topics across the firm.

In addition to focusing on macro-level sensitivities (VaR, stress, CR01), the role holder will also play a key role in assessing single-name risk and providing fundamental insight on challenging credit situations.

The ideal candidate will have experience working with complex single-name risk in a credit analyst, credit officer, or market risk manager role and will be looking for an opportunity to work in a fast-growing financial institution. The role requires the ability to deep dive and be hands-on while maintaining a macro perspective.

The role reports to the JIL Head of Fixed Income Market Risk.

The JIL Risk Management department is overseen by the JIL Chief Risk Officer. The team works closely with risk management teams in New York, Frankfurt, and Asia.

Key Responsibilities
  • Oversee and risk-manage the relevant Credit Trading portfolios, including fundamental analyses of credit-risky positions as appropriate.
  • Ensure that market risks arising from the relevant portfolios are identified, understood, captured, reported, escalated as required, and managed within risk appetite.
  • Advise management on defining and refining an appropriate market risk control framework, including ongoing review and improvement of the risk appetite framework and the firm's approach to stress testing and scenario definition.
  • Perform deep-dive analyses on products, trading, hedging strategies, and credit risk, and develop risk frameworks for new products.
  • Lead the testing and onboarding of new risk technologies.
Experience, Skills, and Qualifications
  • Educated to degree level, ideally in a quantitative or finance-related discipline, with strong analytical skills.
  • At least 10 years of experience, including roles as a credit analyst, credit officer, or front-office-facing credit trading risk manager.
  • Understanding of credit products, with particular emphasis on high-yield, distressed, traded loans, and financial credits.
  • Track record of working successfully with the front office and risk management and communicating effectively with senior management.
  • Awareness of market standards for risk management and control, including hands-on practical experience.
  • Excellent oral and written communication skills.
  • Strong quantitative skills.

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