2027 Risk Management Associate Program – New York

Jefferies Risk Management Associate Program – New York

What you can expect

Jefferies Full-Time Associate 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. You’ll be exposed to Jefferies’ full range of products and leading industry expertise.

Following an enriching orientation program, Associates will begin working on their day-to-day responsibilities, with support from colleagues serving as both instructors and mentors throughout the graduate program.  To help maximize your experience with us, Associates will go through a structured review process.

In addition to working on projects that have real impact within the Risk department, Associates are challenged to think creatively, offer their input, and add value to the team from day one. As with everyone at Jefferies, Associates 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 Associates 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. Candidates should have a strong academic background and be pursuing a Master’s, PhD degree or equivalent program.

Desired Background and Skills:

• Candidates pursuing a Master’s or PhD degree in Statistics, Mathematics, Computer Science, Financial Engineering, Engineering, Data Science or related STEM field.
• Expected graduation between December 2026 – June 2027.
• Solid foundation in risk modeling and portfolio analytics across various asset classes.
• Excellent analytical and quantitative skills, with strong attention to detail.
• Proficiency in Python, SQL, databases, and system implementation.
• Knowledge of financial markets.
• Excellent verbal and written communication skills, with ability to convey complex information clearly.
• Ability to multitask, manage time effectively, prioritize tasks, and perform under pressure.
• Excellent interpersonal skills and emotional intelligence.
• Team player who excels at working both independently and as part of a team.

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 utilizations 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.

Risk Full-Time Associates will be involved in quantitative analytics groups. Responsibilities may include, but are not limited to:

• 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 is 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 ensures any model limitations are well understood and appropriately accounted for.
• Developing and deploying AI-powered and technology - enabled solutions to enhance risk analysis, monitoring, and governance across the Firm.

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 accommodations 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. 

The base salary for the Associate role is $125,000