VP, Fixed Income Operations Job at Jefferies & Company, Inc.
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.
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 Description:
The VP, Fixed Income Ops would be primarily responsible for managing the following teams:
- Government/MBS Ops
- Repo and Funding Ops
Day-to-day responsibilities include:
- Researching and reconciling breaks, fails, open items, unencumbered securities, etc
- Liaising with desk, Middle Office, and other Operations teams to satisfy settlement and funding obligations
- Architecting and managing trade flows to respective systems/depots for settlement
- Re-aligning securities between depots
- Creating and repairing processes to lower operational risk to the firm
- Leading efforts to manage testing, upgrades, projects, etc
Experience in the following is a plus:
- MBS Allocations
- Warehouse Lending/Gestation Repo Ops
- TMPG and Claims
Qualifications
Desirable Qualifications:
Desirable Qualifications:
- Strong knowledge of all Fixed Income clearance/settlement concepts and experience in DTC, Fed, and Euroclear
- Strong knowledge of Fixed Income security lifecycle events (fails, maturities, coupons, factors, rate changes, reorgs, etc) and its effect on stock record/trial balances
- Proven track record of managing operational risk, processes, projects, and staff
- Strong knowledge of Broadridge GPS products (BPS, CAGE, Impact, Gloss)
- Proven track record of successfully managing the allocation of collateral into triparty shells and running a funding operation
- Proven track record of successfully working with industry peers on Fixed Income initiatives (Same Day Settlement, Fed Repo Tracking, Consolidated Margin, Single Security, etc)
- Strong attention to detail
- Strong written and verbal communication skills
- Strong Excel skills (Pivot Tables, VLOOKUP, analysis of large data sets)
- Proven self-starter with ability to think quickly under pressure
The salary range for this role is $135,000-$180,000.
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. We practice equal opportunity for all, and 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 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 qualified disabilities, as appropriate, under applicable law.
All employees must follow Jefferies’ COVID-19 protocol policy, which is subject to change.
Primary Location: US-NJ-Jersey City
Job: Operations
Organization: Corporate
Schedule: Full-time
Job Posting: Oct 14, 2022, 8:52:21 AM
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