VP, US Equity Derivatives & Structured Products Risk Manager

Based in New York, as part of a global team, this role provides second-line oversight of US Equity Derivatives, including flow derivatives and structured equity products. The position ensures compliance with Jefferies risk policies and the overarching Risk Management Framework, working directly with the business and second-line partners to manage risks within defined risk appetite.

Responsibilities

• Oversee and manage risk for relevant US Equity Derivatives portfolios in accordance with Group risk policies and procedures.
• Ensure risks from flow derivatives and structured equity products are identified, understood, captured, reported, escalated, and managed within risk appetite.
• Monitor, review, and challenge daily risk metrics including VaR, stress testing results, Greeks, volatility, correlation, dividend, financing, gap, liquidity, concentration, P&L explain, and limit utilization.
• Analyze complex equity derivatives and structured transactions, assess market risk exposures and hedging strategies, and escalate material risks as required.
• Review large, complex, or one-off transactions as part of the pre-trade approval framework, including assessment of payoff profile, model sensitivity, hedgeability, liquidity, concentration, and residual risk.
• Update and enhance the limit framework, stress testing, scenario analysis, risk reporting, dashboards, and analytical tools as derivatives and structured-product risks evolve.
• Review new business initiatives, new products, structured transactions, trading strategy changes, and methodology enhancements to assess market risk, regulatory considerations, governance requirements, and control implications.
• Prepare analysis and materials for risk committees, governance forums, senior management discussions, regulatory or audit responses, and ad-hoc risk reviews.
• Liaise with key stakeholders including Trading, Structuring, Product Control, Finance, Technology, Model Risk, Credit Risk, Legal, Compliance, Audit, and senior management.
• Support broader US Equities and global equities risk initiatives as required.

Requirements

• Degree educated in a quantitative discipline such as mathematics, physics, engineering, computer science, statistics, financial mathematics, finance, or economics.
• Minimum 5 years' relevant experience covering equity derivatives, structured equity products, market risk management, trading, structuring, quantitative analysis, product control, model risk, or a related capital markets function.
• Strong understanding of equity derivatives and structured products, including options, swaps, exotics, structured notes, volatility, correlation, dividend, financing, liquidity, and hedging risks.
• Experience reviewing market risk exposures, stress testing results, Greeks, P&L explain, limit frameworks, transaction-level risk, and portfolio concentrations.
• Good appreciation of the regulatory and governance expectations applicable to complex equity derivatives and structured products at large financial institutions, including policies and procedures, risk appetite, committee governance, pre-trade approval, model and methodology governance, limit frameworks, escalation standards, new business review, audit, and regulatory engagement.
• Ability to analyze complex derivatives payoffs and explain key market risk, model, liquidity, hedgeability, and basis-risk drivers in a clear, concise manner.
• Proven track record of working successfully with traders, structurers, quants, analysts, and senior management.
• Strong oral and written communication, planning, project management, networking, influencing, and stakeholder management skills.
• Working knowledge of SQL, Python, VBA, Power BI, Bloomberg, derivatives risk systems, or other risk analytics tools is preferred.

Pay

Full-time salary range of $175,000 - $200,000.

Benefits

• Annual discretionary incentive and retention bonus.
• Comprehensive benefits package including medical, dental, and vision coverage.
• 401(k) retirement plan.
• Life, accident, and disability insurance.
• Wellness programs.
• Paid time off including vacation, sick leave, and holidays.
• Paid parental leave for full-time employees.