We are seeking a highly skilled quantitative professional to join the Risk Analytics group to develop and manage analytics for counterparty credit risk models focused on fixed income products, including repos, security lend/borrow, mortgages, and interest rate derivatives. The candidate will contribute to model development across the full model lifecycle, from methodology and design to implementation, validation, and ongoing performance monitoring. The successful candidate will also provide quantitative risk analysis to support day-to-day counterparty credit risk management.
Responsibilities
- Develop and implement analytics to support counterparty credit risk management.
- Design and Build infrastructure to consolidate counterparty credit risk models across systems.
- Conduct quantitative research to implement model changes, enhancements, and remediations.
- Design and develop analytical tools and dashboards to enhance risk transparency and decision-making.
- Build and maintain model performance monitoring, benchmarking, and backtesting frameworks.
- Assess methodologies and processes to identify potential weaknesses and evaluate risk materiality.
- Partner with stakeholders across business, risk, technology, and other functional teams to ensure effective model development, governance, and usage
Qualifications
- Master’s Degree in a quantitative discipline; PhD preferred.
- A minimum of 3–5 years of experience in counterparty credit risk modeling.
- Deep understanding of pricing and risk calculations for financial products.
- Strong analytical skills, with the ability to interpret complex quantitative models and translate business requirements into robust library design, code development, and integration into IT systems.
- Proficiency in Python and other programming languages, with strong data-handling skills in SQL.
- Strong project management, organizational, and stakeholder communication skills.
- Excellent written communication skills, with the ability to produce clear, precise, and compliant model documentation.
- Familiarity with Numerix and/or Bloomberg platforms is preferred.
- CQF Certification is highly desired.
Primary Location Full Time Salary Range of $185,000 - $200,000.
About UsJefferies is a leading global, full-service investment banking and capital markets firm that provides advisory, sales and trading, research, and wealth and asset management services. With more than 40 offices around the world, we offer insights and expertise to investors, companies, and governments.
At Jefferies, we are committed 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 committed to creating and sustaining a workforce that welcomes individuals from all backgrounds to apply. Our employment decisions are made without regard to race, creed, color, national origin, ancestry, religion, pregnancy, age, medical condition, physical or mental disability, marital status, domestic partner status, sex, sexual orientation, gender, 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 accommodation to individuals with disabilities, as required by applicable law.
The salary offered will take into consideration an individual’s experience level and qualifications. In addition to salary, Jefferies Financial Group is proud to offer a comprehensive benefits package to eligible, full-time employees or part-time employees, who are scheduled to work at least 30 hours or more per week, including an annual discretionary incentive and retention bonus, competitive employee benefits, including: medical, dental & vision coverage; 401(k); life, accident, and disability insurance; and wellness programs. Jefferies also offers paid time off packages that include planned time off (e.g., vacation), unplanned time off (e.g., sick leave), and paid holidays, and for full-time employees, paid parental leave.
Skills Required
- Master's Degree in a quantitative discipline
- PhD in a quantitative discipline
- Minimum of 3-5 years of experience in counterparty credit risk modeling
- Deep understanding of pricing and risk calculations for financial products
- Proficiency in Python
- Proficiency in other programming languages
- Strong data-handling skills in SQL
- Strong project management, organizational, and stakeholder communication skills
- Excellent written communication skills and ability to produce compliant model documentation
- Familiarity with Numerix and/or Bloomberg platforms
- CQF Certification
Jefferies Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Jefferies and has not been reviewed or approved by Jefferies.
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Strong & Reliable Incentives — Compensation is positioned as competitive with meaningful upside, with potential for significant earnings depending on group performance and strong years. A formulaic, performance-linked bonus model ties payouts to individual fees or P&L, reinforcing a pay-for-results dynamic.
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Parental & Family Support — Family-building support is broad, including primary and non-primary caregiver leave, adoption assistance, subsidized emergency child and eldercare, and a $25,000 stipend for qualified surrogacy, adoption, or fertility support. Added resources like family support programs and parental-leave coaching further strengthen caregiver benefits.
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Wellbeing & Lifestyle Benefits — Lifestyle perks extend beyond standard coverage, including discount programs, commuter benefits, legal plans, charitable matching, and education assistance such as tuition support and scholarships for employees’ family members. Location-specific perks like gym stipends and free cafeteria lunch are also described as available in some offices.
Jefferies Insights
What We Do
Jefferies, the global investment banking firm, has served companies and investors for 60 years. Headquartered in New York, with offices in over 30 cities around the world, the firm provides clients with capital markets and financial advisory services, institutional brokerage and securities research, as well as asset and wealth management. The firm provides research and execution services in equity, fixed income, and foreign exchange markets, as well as a full range of investment banking services including underwriting, mergers and acquisitions, restructuring and recapitalization, and other advisory services, with all businesses operating in the Americas, Europe and Asia. Jefferies Group LLC is a wholly-owned subsidiary of Jefferies Financial Group (NYSE: JEF), a diversified financial services company. More about our company can be found at www.jefferies.com.
