Jefferies, the world's only independent full-service global investment banking firm focused on serving clients for over 50 years, is a leader in providing insight, expertise and execution to investors, companies and governments. Our firm provides a full range of investment banking, sales, trading, research and strategy across the spectrum of equities, fixed income, and foreign exchange, as well as wealth management, in the Americas, Europe and Asia. Jefferies Group LLC is a wholly-owned subsidiary of Jefferies Financial Group Inc. (NYSE: JEF), a diversified financial services company.
The Strategic Risk and Prudential Planning team is part of the Risk Management Department and is responsible for:
Undertaking entity-wide stress testing and scenario analysis for the European businesses and supporting the stress testing infrastructure across risk disciplines, covering capital planning forecasting, recovery scenario analysis, reverse stress testing analysis and solvent wind down planning assessments;
Conducting and documenting key internal capital and liquidity assessments including ICAAP, and the Recovery Plan;
Developing and maintaining capital models which feed into the ongoing capital adequacy assessment of the Firm, including credit risk, operational risk and interest-rate risk in the non-trading book capital models; and
The implementation and maintenance of the Risk Management Framework, Stress Testing Framework and Programme, Risk Appetite Framework, and Risk Strategy and Governance of Jefferies European operations.
The successful candidate will be a member of the Strategic Risk and Prudential Planning team based in London. The role requires the applicant to have a good understanding of the prudential regulatory framework and preferably have previous experience of stress testing and scenario analysis, and capital modelling. The candidate should also have knowledge of investment banking business models and capital market products, be comfortable managing financial data and MI, have good excel and coding skills, and have good oral and written communication skills.
The key responsibilities are:
Assisting in the development of entity-wide stress testing scenario analysis (including Pillar 2B scenarios, reverse stress testing scenarios, recovery plan scenarios, and solvent wind-down planning exercises). This includes maintenance and execution of the capital planning model;
Supporting the ICAAP Documentation, including ongoing review and enhancement of Pillar 2A methodologies;
Developing and maintaining risk capital models including credit risk, operational risk and interest-rate risk in the non-trading book capital models;
Assisting in the coordination of the analysis to support the maintenance of the Recovery Plan and Resolution Information and the production the submissions;
Collating and distributing management information (MI) in respect of internal capital assessments and recovery indicators to senior management and the risk oversight committees;
Providing updates on regulatory and risk developments and publishing a regular communication email to stakeholders across the firm;
Supporting the maintenance and ongoing enhancement of the firm's Risk Management Framework (RMF) and supporting documentation (e.g. Risk Appetite Framework, Stress Testing Framework);
Assisting in the coordination of the Stress Testing Steering Committee and the delivery of the Stress Testing Programme;
Managing the ongoing review and maintenance of Risk Policies and Procedures; and
Supporting other risk project
The following skills and experience are required for this role:
Educated to degree level.
Previous experience in the financial services industry working on similar projects.
Knowledge of the UK prudential regulatory framework and understanding of Basel III (CRR/CRDIV) requirements and the development of at least one of the following areas: capital planning and stress testing; ICAAP; ILAAP; Recovery Planning.
Knowledge of financial products including fixed income and equity products (cash and derivatives).
Good written and oral communication / presentation skills.
Analytical and numerate with strong technical skills and strong excel / coding skills.
A team player, comfortable working in a dynamic and evolving environment.
Ability to work independently and assume responsibility for project deliverables.
Internal Number: 5460816
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