What are the responsibilities and job description for the Front Office Risk Manager, Credit Trading (HY/LL) position at Jefferies?
Job Description
We are seeking a highly analytical Vice President to join our Fixed Income Risk Management team, with a primary focus on single name issuer risk and credit trading businesses. The role covers trading desks including Investment Grade, High Yield, Leveraged Loans, Distressed/Special Situations, and Credit ETFs/Algo trading.
This is a high‑visibility, front‑office‑embedded position, partnering closely with senior traders and risk leadership to analyze, explain, and challenge risk‑taking at issuer and portfolio level, ensuring alignment with the firm’s risk appetite.
The ideal candidate brings deep experience in single‑name risk analysis, including fundamental credit assessment and underwriting, strong familiarity with traded credit products, and the analytical judgment to identify and escalate material risks. Fluency in market drivers, capital structure dynamics, and issuer‑specific risk is essential.
Responsibilities
About Us
Jefferies 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.
We are seeking a highly analytical Vice President to join our Fixed Income Risk Management team, with a primary focus on single name issuer risk and credit trading businesses. The role covers trading desks including Investment Grade, High Yield, Leveraged Loans, Distressed/Special Situations, and Credit ETFs/Algo trading.
This is a high‑visibility, front‑office‑embedded position, partnering closely with senior traders and risk leadership to analyze, explain, and challenge risk‑taking at issuer and portfolio level, ensuring alignment with the firm’s risk appetite.
The ideal candidate brings deep experience in single‑name risk analysis, including fundamental credit assessment and underwriting, strong familiarity with traded credit products, and the analytical judgment to identify and escalate material risks. Fluency in market drivers, capital structure dynamics, and issuer‑specific risk is essential.
Responsibilities
- Engage with trading and syndication desk to understand trading strategies, issuer-level risk exposures, hedging strategies, and changes in risk profile.
- Conduct deep dive analyses on material risks, including idiosyncratic issuer risk, sector concentrations, and complex trading strategies.
- Communicate key risk changes, market developments, and P&L drivers—particularly those driven by single‑name or concentrated exposures—to senior management.
- Design stress scenarios with a strong focus on single‑name, sector, and correlated credit events.
- Assess new products and transactions, proposing risk frameworks that appropriately capture issuer‑specific and structural credit risks.
- Actively participate in weekly risk meetings.
- Test/onboard new technologies as appropriate.
- Develop productive working relationships with Front Office as well as other support functions, including Middle Office, Operations, Compliance, and Technology.
- 8 years of experience in corporate credit, including fundamental single‑name credit analysis and/or underwriting, within a trading, risk management, or investing environment at a top‑tier institution; buy‑side experience is a strong plus.
- Demonstrated expertise in analyzing issuer‑level risk, capital structures, and credit fundamentals across IG, HY, and leveraged finance products.
- Proven ability to multitask and prioritize under pressure while maintaining accuracy and high level of attention to detail.
- Clear and effective communicator, capable of articulating complex concepts succinctly.
- Experience as a credit analyst is a plus.
- Team‑oriented self‑starter with the judgment and initiative to independently drive analyses and challenge risk‑taking where appropriate
- Familiarity with sensitivities (DV01/CS01), VaR, stress testing, pricing/valuation models a plus.
- Proficiency in Microsoft Office, Bloomberg, and risk engines (e.g., RiskMetrics, Murex). Python/SQL/VBA a plus.
- Bachelor’s or Master’s in a relevant field.
- 8 years of experience in corporate credit, including fundamental single‑name credit analysis and/or underwriting, within a trading, risk management, or investing environment at a top‑tier institution; buy‑side experience is a strong plus.
- Demonstrated expertise in analyzing issuer‑level risk, capital structures, and credit fundamentals across IG, HY, and leveraged finance products.
- Proven ability to multitask and prioritize under pressure while maintaining accuracy and high level of attention to detail.
- Clear and effective communicator, capable of articulating complex concepts succinctly.
- Experience as a credit analyst is a plus.
- Team‑oriented self‑starter with the judgment and initiative to independently drive analyses and challenge risk‑taking where appropriate
- Familiarity with sensitivities (DV01/CS01), VaR, stress testing, pricing/valuation models a plus.
- Proficiency in Microsoft Office, Bloomberg, and risk engines (e.g., RiskMetrics, Murex). Python/SQL/VBA a plus.
- Bachelor’s or Master’s in a relevant field.
About Us
Jefferies 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.
Salary : $185,000 - $225,000