Job Description

Jefferies Group LLC, the largest independent, global, full-service investment banking and capital markets 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. 

Position:

AVP in the Independent Price Verification (Valuation Review) Group

The Independent Price Verification process is the process by which the IPV team verifies fair value. This is achieved through independently ensuring price input parameters and prices are correctly identified and used in determining and reporting the fair value of existing positions. This process ensures appropriate reporting of the value of the firm’s trading assets and liabilities to its management, clients, shareholders, auditors, regulators and the audit committee.

The IPV group provides independent valuation opinions across the entire range of financial instruments within the firm’s sales and trading inventory as well as pushing forward multiple renovation initiatives.  The team provides a critical role in ensuring the firms books and records accurately represent fair value and are a key liaison with the Front Office Trading desks, Investment Banking, Product Control, Risk, Middle Office and IT.

Key Responsibilities:

Responsible for all aspects of the valuation control for securitized products including independent price verification, valuation adjustments, fair value measurement and reporting and analysis. Assets include, but not limited, to CLO, Agency MBS, CMBS, and ABS.
Ability to effectively communicate with Front Office, Risk Management, Product Control, Accounting Policy and Internal/External Audit. Build and maintain relationships with these critical business partners.
Develop, document and communicate the valuation approach and assumptions utilized in the valuation analysis
Assign fair value leveling as required by ASC 820
Reporting and analysis
Review and in-depth analysis of level 3 (hard-to-value) positions

Qualifications

Background and Qualifications:

5+ years of experience in Valuation, Risk or Product Control with a focus on securitized products.
Bachelor’s or Master’s degree in Business, Accounting, Engineering or Finance related fields
Familiarity with valuation principles and methodologies used in hard-to-value assets

Skills:

Strong technical understanding of securitized products
Excellent understanding of securitized products valuation principals and approaches

Excellent communication and influencing skills
Strong analytical and quantitative skills
Excellent Excel, Blomberg and Intex skills
Proficiency in languages such as VBA, R or Python preferred
Ability to understand complex concepts and effectively present challenges