Equities Model Validator
Full Time
New York, NY 10162
$175,000 - $250,000 a year
Posted
Job description
Description
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.
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.
Team Description
The Model Validation team assesses and helps mitigate the risk of models used in the context of valuation, risk measurement, capital adequacy requirements and, more broadly, internal decision-making. The product set covered by the Model Validation team validation includes both cash and derivatives across all asset classes.
Jefferies is looking for a Vice President Quantitative Analyst to join their Model Validation function focusing on Equities pricing and risk management models, reporting to the Global Head of Model Risk Management.
The successful candidate will have responsibilities for:
- Managing the equity model risk across the model lifecycle including model validation, ongoing performance evaluation and annual model reviews
- Managing the stakeholder interaction with model developers and business owners during the model lifecycle
- Providing effective challenge to model assumptions, mathematical formulation, and implementation
- Assessing and quantify the equity model risk arising from model limitations to inform stakeholders of their risk profile and development of compensating controls, balancing theoretical accuracy and pragmatic implementation
- Contributing to strategic, cross-functional initiatives within the model risk team
- Helping to embed a strong risk culture across the Firm under the Risk Management Framework and its associated policies and procedures
Qualifications
Successful candidates should have diverse risk modelling / validation experience and be able to operate in a fast-moving and entrepreneurial working environment.
Successful candidates should have diverse risk modelling / validation experience and be able to operate in a fast-moving and entrepreneurial working environment.
The following skills and experience are required for this role:
- MSc or preferably PhD in a quantitative field (physics, mathematics, computer science, financial engineering, etc.) with 4+ years of relevant experience
- Experience in a quantitative role in Risk Management at a financial institution with experience in either model development or validation, ideally experience in modelling of equity derivatives products
- Strong derivative pricing skills a must (stochastic calculus, numerical techniques, coding in VBA/Python)
- Strong communication skills with the ability to find practical solutions to challenging problems
- Good communication, presentational, and stakeholder management skills.
- Working and contributing within a team environment.
- Comfortable working in a dynamic, changing and ever evolving environment
- Ability to work independently and assume responsibility for project deliverables
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 an equal employment opportunity employer. We practice equal opportunity for all, and 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 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 qualified disabilities, as appropriate, under applicable law.
All employees must follow Jefferies’ COVID-19 protocol policy, which is subject to change. https://www.jefferies.com/Disclaimers/Pages/2973
The salary range for this role is $175-250K.
Primary Location: US-New York
Job: Risk Management
Organization: Corporate
Schedule: Full-time
Job Posting: Mar 7, 2022, 1:11:01 PM
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