Senior Market Risk Manager - Credit Trading

Jefferies Group LLC; City of London; On-site; GBP 80,000 - 120,000; Full time

Job summary

A global investment banking firm is looking for a Senior Market Risk Manager to oversee risk management for their Credit Trading portfolios in London. The ideal candidate will possess at least 10 years of experience in market risk management, strong analytical skills, and a deep understanding of credit products. Responsibilities include defining market risk frameworks and conducting detailed analyses of trading strategies. This full-time position requires effective communication with senior management and collaboration with various teams across the organization.

Qualifications

• 10+ years of experience in a relevant role such as credit analyst or risk manager.
• Hands-on experience with credit products, especially high-yield and distressed credits.
• Ability to work closely with the front office and communicate effectively.

Responsibilities

• Oversee risk management for Credit Trading portfolios.
• Define market risk control frameworks and improve risk appetite strategies.
• Conduct analyses on trading products and develop risk frameworks.

Skills

Analytical skills

Strong quantitative skills

Communication skills

Understanding of credit products

Experience with front office

Education

Degree in quantitative or finance-related discipline

Job description

Senior Market Risk Manager - Credit Trading

Join to apply for the Senior Market Risk Manager - Credit Trading role at Jefferies.

Job Description

The role is for a Risk Manager to join the London Fixed Income Market Risk team. The team sits on the trading floor and interacts with the Front Office daily. The position focuses on the European Credit Trading business, which spans several desks, from IG credit to high‑yield and distressed.

The day‑to‑day responsibilities include defining risk appetite and limits, engaging with Trading to understand and challenge positions, communicating with senior management regarding market developments, risks, and P&L, providing input into new business initiatives, and offering expertise on market risk‑related topics across the firm. In addition to focusing on macro‑level sensitivities (VaR, stress, CR01), the role holder will also play a key role in assessing single‑name risk and providing fundamental insight on challenging credit situations.

The ideal candidate will have experience working with complex single‑name risk in a credit analyst, credit officer, or market risk manager role and will be looking for an opportunity to work in a fast‑growing financial institution. The role requires the ability to deep dive and be hands‑on while maintaining a macro perspective. The role reports to the JIL Head of Fixed Income Market Risk. The JIL Risk Management department is overseen by the JIL Chief Risk Officer. The team works closely with risk management teams in New York, Frankfurt, and Asia.

Key Responsibilities

• Oversee and risk‑manage the relevant Credit Trading portfolios, including fundamental analyses of credit‑risky positions as appropriate.
• Ensure that market risks arising from the relevant portfolios are identified, understood, captured, reported, escalated as required, and managed within risk appetite.
• Advise management on defining and refining an appropriate market risk control framework, including ongoing review and improvement of the risk appetite framework and the firm’s approach to stress testing and scenario definition.
• Perform deep‑dive analyses on products, trading, hedging strategies, and credit risk, and develop risk frameworks for new products.
• Lead the testing and onboarding of new risk technologies.

Experience, Skills, and Qualifications

• Educated to degree level, ideally in a quantitative or finance‑related discipline, with strong analytical skills.
• At least 10 years of experience, including roles as a credit analyst, credit officer, or front‑office‑facing credit trading risk manager.
• Understanding of credit products, with particular emphasis on high‑yield, distressed, traded loans, and financial credits.
• Track record of working successfully with the front office and risk management and communicating effectively with senior management.
• Awareness of market standards for risk management and control, including hands‑on practical experience.
• Excellent oral and written communication skills.
• Strong quantitative skills.

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 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

Mid‑Senior level

Employment type

Full‑time

Job function

Finance and Sales

Industries

Investment Banking