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Job Description
Risk Analytics – Counterparty Credit Risk Quantitative Analyst
Quantitative specialist for developing and managing analytics for counterparty credit risk models. Candidate will join the Risk Analytics group that partakes in model development over the full life-cycle of modes: from methodology to design to local implementation and validation. The successful candidate will also provide quantitative risk analysis to support daily counterparty credit risk management.
Responsibilities
* Develop and implement analytics for counterparty credit risk management.
* Build infrastructure to consolidate counterparty credit risk models across systems.
* Perform quantitative research to implement model changes, enhancements and remediations.
* Work with stakeholders across business and functional teams during model development process.
* Create tools and dashboards which can enhance and improve the risk analysis.
* Conduct analysis on existing model short-comings and design remediation plans.
* Maintain, update and back-test risk models.
* Assess the methodologies and processes to identify potential weaknesses and the associated materiality of the risk
Qualifications
* At least a Master’s Degree in quantitative subject; PhD Degree is a plus.
* Deep understanding of pricing and risk calculations for financial derivatives.
* Strong analytical skills required to understand quantitative models, and to translate that understanding into sustainable library design, code development and integration into IT systems.
* At least 3-5 years of experience in counterparty credit risk modeling, in particular experience working with credit simulation engines/models in a CRR and/or an XVA context
* Strong project management and organizational skills.
* Proficient programming skills in python (other languages such as R is a plus), and strong data handling skills in SQL.
* Excellent written skills (ability to produce well-structured model documentation).
* Excellent oral communication skills to be able to interact effectively with credit risk managers and other model users.
* Knowledge of Numerix and/or Bloomberg a plus.
About Us
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.
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, and takes affirmative action to ensure that 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 applicable 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 disabilities, as required by applicable law.
Seniority level
* Seniority level
Executive
Employment type
* Employment type
Full-time
Job function
* Job function
Finance and Sales
* Industries
Investment Banking
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