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Enterprise Risk Manager - Consultant

Employer
Jefferies
Location
UK
Salary
Competitive
Closing date
20 Sep 2021

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Sector
Accountancy
Contract Type
Permanent
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Company

Jefferies, the global investment banking firm, has served companies and investors for over 50 years. Headquartered in New York with its European head office in London and staff in over 30 global cities, the firm provides clients with capital markets and financial advisory services, institutional brokerage and securities research, and wealth and asset management. Jefferies provides research and execution services in equity, fixed income, foreign exchange, futures and commodities markets, and a full range of investment banking services including underwriting, merger and acquisition, restructuring and recapitalisation.



Team Description

The Enterprise Risk team is part of the Risk Management Department and is responsible for:

§ Undertaking entity-wide stress testing and scenario analysis and supporting the stress testing infrastructure of the wider Jefferies Group across risk disciplines;

§ Developing and maintaining economic capital models which feed into the Firmwide capital adequacy assessment, including market risk, counterparty risk, settlement risk, operational risk, business risk;

§ Assessing Group's Portfolio risk across business lines, implemented through the enhancement of top down / firm-wide reporting and key metrics with focus on concentrations and diversification;

§ The implementation and maintenance of the Risk Management Framework, Stress Testing Framework, Risk Appetite Framework (including risk appetite definition and calibration), Country Risk Framework, Business Model Analysis, and Risk Strategy and Governance of Jefferies Group;

§ The development and maintenance of a Risk Taxonomy across financial and non-financial risks covering all Group's activities and business lines;

§ Conducting and documenting key internal capital and liquidity assessments for the European entities including ICAAP, the Recovery Plan, the Solvent Wind Down Plan, and supporting the implementation of the IFPR (Investment Firm Prudential Regime).



Position

The successful candidate will be a member of the Enterprise Risk team. The role requires the applicant to develop and maintain economic capital models, undertake entity-wide stress testing and scenario analysis, and conduct Groupwide portfolio risk analysis across business lines. The role also requires the applicant to support the implementation of the IFPR for the relevant European regulated entities and to review the Pillar 2 capital assessment.

Primary responsibilities

The successful candidate's responsibilities will include:

§ Leading the development and maintenance of entity-wide stress testing scenario analysis (including market risk, credit counterparty and settlement risk, business risk and reverse stress testing scenarios);

§ Leading the coordination of Stress Testing Committees (at both Group and legal entity level) and the development, maintenance and delivery of the Firm's Stress Testing Programme;

§ Supporting the assessment of Group's Portfolio risk across business lines, through the implementation of enhanced top down / firm-wide reporting and key metrics;

§ Developing and maintaining economic capital models which feed into the Firmwide capital adequacy assessment, including market risk, counterparty risk, settlement risk, operational risk, business risk;

§ Supporting the maintenance and ongoing enhancement of the Group's Risk Management Framework (RMF), Country Risk Framework and Risk Appetite Framework, including review of risk appetite and calibration of limits, and ongoing review and maintenance of Risk Policies and Procedures;

§ Developing and maintaining the Group Risk Taxonomy across financial and non-financial risks;

§ Supporting the implementation of IFPR, which includes developing, maintaining and executing Pillar 2 capital methodologies, revising the capital framework, updating the business stress scenario analysis; and

§ Supporting the maintenance and analysis of ad-hoc prudential assessments including Recovery Plan, Reverse Stress Testing, and other risk projects with respect to regulatory, internal or external requests.

Requirements

The following skills and experience are required for this role:

§ Educated to degree level;

§ At least 5 years of experience in the financial services industry working on similar projects and strong understanding of risk management frameworks;

§ Developed, maintained and/or executed several of the following areas: stress testing and scenario analysis; economic capital models; portfolio risk management; capital planning / ICAAP; risk appetite calibration; risk taxonomies;

§ Knowledge of stress testing regulatory requirements and related-industry practices;

§ Good knowledge of investment banking business models, of capital market products, and of financial products including fixed income and equity (cash and derivatives);

§ Grasp of UK and European prudential regulatory requirements applicable to banks and investment firms;

§ Good written and oral communication / presentation skills;

§ Analytical and numerate, comfortable managing financial data and MI, with 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.
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