Enterprise Risk Manager (ERM), Vice President

JOB DESCRIPTION

Jefferies Group LLC, the largest independent, global, full-service investment banking firm headquartered in the U.S. focused on serving clients for 60 years, is a leader in providing insight, expertise and execution to investors, companies and governments. We offer deep sector expertise across a full range of products and services in investment banking, equities, fixed income, asset and wealth management in the Americas, Europe and the Middle East and Asia. Jefferies Group LLC is a wholly-owned subsidiary of Jefferies Financial Group Inc. (NYSE: JEF), a diversified financial services company. Jefferies GmbH is located in Frankfurt am Main (Germany) which is the hub for the EU-27 countries and holds branches in eight European countries.

Company

Jefferies Group LLC, the largest independent, global, full-service investment banking firm headquartered in the U.S. focused on serving clients for 60 years, is a leader in providing insight, expertise and execution to investors, companies and governments. We offer deep sector expertise across a full range of products and services in investment banking, equities, fixed income, asset and wealth management in the Americas, Europe and the Middle East and Asia. Jefferies Group LLC is a wholly-owned subsidiary of Jefferies Financial Group Inc. (NYSE: JEF), a diversified financial services company. Jefferies GmbH is located in Frankfurt am Main (Germany) which is the hub for the EU-27 countries and holds branches in eight European countries.

Role

The candidate will act as Enterprise Risk Manager based in Germany, reporting to the Jefferies GmbH CRO and working as part of a wider team within the Enterprise Risk Department headed by the Global Head of Enterprise Risk Management. The role requires the applicant to take a key role in sponsoring and applying economic capital models, supporting Firmwide stress testing and scenario analysis, supporting entity-wide risk analysis and reporting, and conducting Firmwide portfolio risk analysis across business lines. Given the strategic nature of the role deliverables, the successful candidate can expect to gain significant exposure to the senior leadership team across the European business, regional stakeholders, and external service providers.

Key Responsibilities

• Oversee and maintain key risk management frameworks, including strategy, taxonomy, appetite, and governance cycles, as well as approvals and documentation.
• Make sure these frameworks are well-aligned with financial resources such as capital, liquidity, balance sheet, as well as the Country Risk Framework and Business Risk Stress Testing Framework.
• Prepare ICARA reports covering Pillar 2 economic capital, stress testing, reverse stress testing, scenario planning, and related documents—including coordination, drafting, and review.
• Applying methodologies for calculating economic capital across various risks: market, counterparty credit, concentration, CVA, IRBB, structural FX, operational, and business risks.
• Design scenarios to fit JEG’s risk taxonomy and overall risk profile.
• Complete quarterly assessments of capital adequacy and update ICA, integrating findings into both management and regulatory reporting.
• Serve in a second-line oversight role by reviewing and challenging capital resources, Pillar 1 capital calculations, and planning for future capital requirements and availability.
• Generate and present risk information to Stress Testing Committees, Executive Boards, and regulators; handle regulatory submissions and coordination.
• Take the lead in identifying emerging risks, scanning horizons, and linking risk results to business planning.
• Help strengthen and improve firmwide stress testing, risk culture, and governance procedures.

Person Specification

• Expert in prudential regulation, regulatory returns, and capital calculations (IFP/IFR, MaRisk, ICAAP, ILAAP).
• Strong understanding of financial risk in investment banking, across a range of financial products including fixed income and equity (both cash and derivatives).
• Solid foundation in statistics, econometrics, and modelling for risk.
• Works independently with minimal supervision, reliably meets tight deadlines.
• Exceptional written and verbal communicator; effective with stakeholders and senior leaders.
• Consistently delivers high accuracy and attention to detail.
• Self-motivated leader and collaborative team player, focused on achieving targets.
• Proficient in problem analysis, solution delivery, and driving business process improvements.
• Fluent in spoken and written German and English.

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.