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Jefferies · 2 weeks ago

VP, Credit Risk - Model Validation

New York, NY

Full-time

Onsite

Mid, Senior Level

$160K/yr - $200K/yr

5+ years exp

Jefferies is a leading global investment banking and capital markets firm seeking a Vice President Quantitative Analyst to join their Model Validation function. The role involves managing risk from models, conducting independent validations, and communicating findings to stakeholders.

BankingFinancial ServicesWealth Management

H1B Sponsor Likely

Responsibilities

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

Qualification

Risk model validationPythonVaR computationPhD in quantitative fieldCommunication skillsTeamwork skills

Required

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 (at least 5 years) with risk model validation and/or development

Benefits

Annual discretionary incentive and retention bonus

Competitive employee benefits, including: medical, dental & vision coverage

401(k)

Life, accident, and disability insurance

Wellness programs

Paid time off packages that include planned time off (e.g., vacation)

Unplanned time off (e.g., sick leave)

Paid holidays

Paid parental leave

Company

Jefferies

Glassdoor3.9

Jefferies provides research and execution services in equity, fixed income, and foreign exchange markets.

Founded in 1962

New York, New York, USA

5001-10000 employees

http://www.jefferies.com

H1B Sponsorship

Jefferies has a track record of offering H1B sponsorships. Please note that this does not guarantee sponsorship for this specific role. Below presents additional info for your reference. (Data Powered by US Department of Labor)

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2025 (147)

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2023 (83)

2022 (183)

2021 (169)

2020 (60)