Head of Liquidity Risk Management

**Team**

**Role**

Jefferies International Limited (JIL) is looking to hire an JIL Head of Liquidity Risk Management to join the Risk Management organisation. The role will be based in either London or Frankfurt, with responsibilities for second line liquidity risk management of trading activity outside Americas. The primary responsibility of this Risk Manager will be to act as the counterpart to regional treasurers and to oversee as part of the newly created global liquidity risk function. The individual will work closely with regional 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 development, including liquidity stress testing & scenario analysis and executing specific projects, which will encompass regulatory initiatives.

**Key Responsibilities & Activities**:
The main responsibility and accountability of this role will be t o establish a JIL Liquidity Risk Management function as the 2 nd line of defense (LOD) and to provide independent review, challenge and oversight on processes and methodologies consistent across JIL’s legal entities. The mandate includes acting as 2 nd LOD overseeing the implementation of regional liquidity risk management framework, monitoring liquidity and funding adequacy and ensuring overall liquidity risk is in line with the Firm’s risk appetite.

Risk Appetite & MI
- Independent review and challenge on transparency, clarity and governance of the (i) Risk Appetite Framework and (ii) MI metrics (incl. Early Warning Indicators) for Liquidity Risk incl. ensuring that these are monitored under an appropriate governance framework with appropriate escalation of any non-compliance.

Governance & Documentation
- Development and Implementation of a regional liquidity risk management framework, policies/procedures and controls incl. risk appetite framework and statements, and liquidity risk limits.
- Independent review and challenge to confirm that the documentation underpinning the Liquidity Management Framework, including modelling, is robust and fit for purpose given the Firm’s scale, nature and complexity of activity.
- Attendance at the regional ALCO and other Committees.

Model (Validation) Framework
- Development and implementation of governance framework on (Treasury owned) models, non-model estimates, and other infrastructure/tools to assess and monitor liquidity risk.
- Independent review and challenge of non-model estimates.
- Technical model/tool validation of the Treasury infrastructure for quantifying liquidity risk and attributing FTP
- Ensuring a globally consistent stress testing framework has been designed and implemented that meets both internal and external regulatory requirements.

Legal Entity Level
- Responsibility for review and challenge to the ILAAP process and other key Committees
- In relation to the Recovery Plan, review and challenge the governance arrangements developed by Treasury; and lead the development and maintenance of stress testing and scenario analysis for the Recovery Plan and production of the analysis document and the User Guide.To manage and provide guidance to the other member of the liquidity risk team

**Person Specification**
- Strong quantitative academic background with ideally a (postgraduate) degree in mathematics or similar
- Strong Treasury experience and/or market facing experience in Equity and Fixed Income market risk management
- In depth knowledge of equity & fixed income trading products and markets, including equity cash and convertibles, electronic trading, Asia corporate credit and interest rate derivatives
- Solid understanding of liquidity risk measurement methodologies (incl. scenario analysis and stress testing)
- Experience of new product/business development due diligence and related testing
- Knowledge of local regulatory environments as this pertains to liquidity risk
- Experience of performing due diligence on trades and their impact on liquidity
- Experience of managing and developing risk appetite/limits