Quantitative Analyst, Model Validation, AVP

Jefferies

London

1 month ago

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Job Description

The primary mandate of Model Validation Team is to manage risk that arises from models used in the firm throughout its range of businesses, including models used for derivatives valuation, market and credit risk management, liquidity, and capital computations. The team is responsible for independently reviewing models for validity, theoretical consistency and implementation accuracy, as well as assessing the risk associated with model choice.

Perform independent validation and approval of models, including raising and managing model validation findings
Conduct annual review and revalidation of existing models
Provide effective challenge to model assumptions, mathematical formulation, and implementation
Assess and quantify the model risk arising from model limitations, to inform stakeholders of their risk profile and development of compensating controls
Contribute to strategic, cross-functional initiatives within the model risk team
Oversee ongoing model performance monitoring, including benchmarking, process verification and outcome analysis performed by model developers
Communicate the results of model validation activities, model limitations and uncertainties to the key stakeholders and management
Contribute to automation/AI efficiency initiatives

Qualifications

MSc or preferably PhD in a quantitative field (physics, mathematics, computer science, financial engineering, etc.)
Understanding of all aspects of the VaR computation framework and Counterparty Credit Risk modelling
Strong Python coding skills preferable
Strong communication skills with the ability to find practical solutions to challenging problems
Teamwork and collaboration skills a must
Experience with risk model validation and/or development of Internal Liquidity Stress Test models

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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 levelExecutive

Employment type

Employment typeFull-time

Job function

Job functionResearch, Analyst, and Information Technology
IndustriesInvestment Banking

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