Website Jefferies
Job description
About Jefferies
Jefferies is a leading, full-service global investment banking and capital markets firm, thanks to a unique culture that attracts driven and entrepreneurial professionals from around the world. Recognized for our insights, drive and high touch service, Jefferies provides investors, companies and governments with a full range of advisory, sales and trading, research, wealth, and asset management services across all products in the Americas, Europe and Asia. Come to Jefferies and you will find a combination of long-term Jefferies partners who turned the firm into what it is today and a fast-growing team of highly talented colleagues who will help lead us to new heights in the future.
What you can expect
Jefferies Interns have the unique opportunity to gain insight into a global, client-focused investment bank and experience an entrepreneurial environment where employees have the opportunity to make an immediate impact and are rewarded for performance. Our lean team structure will not only provide you with unparalleled hands-on experience, it will help you develop lasting personal and professional relationships with peers and senior professionals that will serve as the foundation for a successful career.
Following an enriching orientation program, Interns will begin working on their day-to-day responsibilities, with support from colleagues serving as both instructors and mentors throughout the internship program. As a way to help maximize your experience with us, Interns will receive formal performance reviews.
In addition to working on projects that incorporate research, analysis and recommendations, Interns are challenged to think creatively, offer their input, and add value to the team from day one. As with everyone at Jefferies, Interns are expected to pursue their projects with excellence, a collaborative spirit, and with the highest levels of integrity.
What we look for in a candidate
We look for candidates who are eager to make an impact to our clients by doing real, hands-on work. Successful Jefferies Interns are able to multitask and manage a variety of projects simultaneously. Candidates must demonstrate professionalism and relationship management skills together with strong technical, written and verbal communication skills. The work is fast paced, challenging and intellectually stimulating. The ability to work under pressure and tight deadlines, be adaptable and work both independently and as part of a team are essential traits of a successful candidate. You should have a strong academic background and pursuing a Master‡s degree or equivalent program.
Desired Background and Skills:
- Master‡s degree in Finance, Economics, Statistics, Mathematics, Computer Science, Financial Engineering, or Engineering.
- Proficiency in Python, SQL, VBA, Database, system implementation, MS Office.
- Excellent analytical and quantitative skills with strong attention to detail.
- Ability to communicate complex information clearly.
- Ability to multi-task, work under pressure and prioritize tasks, excellent time management and organization skills.
- Excellent interpersonal skills and emotional intelligence.
- Team player who is also a resourceful self-starter.
WORK WITH US – Opportunities with Risk Management
Jefferies Risk Management Department is responsible for independent risk oversight and analysis for the Firm by identifying, assessing, monitoring, and managing risk. The main responsibilities include:
- Establishing and implementing the risk management framework, policies and procedures, and controls.
- Establishing and implementing the firmwide risk appetite framework and statements in line with the Firm‡s strategic business and financial plans.
- Identifying and assessing financial and non-financial risks including existing risks from business activities, emerging risks from changes in external conditions, and risks from new business strategies, initiatives and products introduced through the New Business Process.
- Measuring current and potential risks using quantitative and qualitative methodologies, and monitoring risks through key risk metrics.
- Establishing limit frameworks, monitoring utilizations of the limits against key risk metrics, and ensuring compliance to the limits.
- Reporting risk exposures, limit utilization of key risk metrics, and escalating risk concerns and limit breaches.
- Performing independent reviews and challenges of risk-taking and hedging activities including deep dives of risk exposures and vulnerability review.
- Keeping abreast of regulatory developments and requirements.
Interns will be involved in market risk or quantitative analytics groups. Responsibilities may include, but are not limited to:
Market Risk:
- Establishing and implementing the market risk management framework, policies procedures and controls. Partnering with Businesses to review business strategy and set market risk appetite and limits accordingly. Escalating risk concerns and limit breaches.
- Identifying market risks from business activities and ensuring that they are adequately measured/assessed in risk metrics and methodologies.
- Performing independent reviews and challenges of risk-taking/hedging activities, including deep dives and vulnerability reviews.
- Reviewing Trader Mandates and managing Trader Mandate breaches.
Quantitative Analytics:
- Responsible for risk measurement methodologies and implementation, model validation, and the selection, development, and implementation of risk systems and processes.
- Supporting both market and credit risk to ensure that the firm‡s methodology for assessing firm and client risk are consistent and works with all areas of the firm to ensure that the methodology used by individual businesses is consistent with the Risk group.
- Independently reviewing and validating all models used for valuation of the firm‡s inventory and ensuring any model limitations are well understood and appropriately accounted for.
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 supporting 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 workplace. We practice equal opportunity for all, regardless of race, religion, ancestry, color, gender, pregnancy, age, physical or mental disability or medical condition, national origin, marital status, sexual orientation, gender identity or expression, covered 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. In accordance with applicable law, we are dedicated to finding reasonable accommodations for candidates’ and employees‡ religious practices and beliefs, as well as any mental health or physical disability needs. Please inform your recruiter should you require accommodations throughout your application process.
The salary for this role is $110,000 (pro-rated for the 10-week internship program).
