European Head of Equities Market Risk Management, SVP

Jefferies; Greater London; On-site; GBP 100,000 - 150,000; Full time

Job summary

A leading financial services firm based in London is seeking a senior market risk manager to oversee equity derivatives activities in Europe. This role involves managing market risks, liaising with senior management, and ensuring compliance with risk policies. Candidates should have over 15 years of experience in financial institutions, with a strong understanding of equity products and exceptional analytical skills. The company offers a dynamic environment and the chance to work within a global team.

Qualifications

• 15+ years of relevant experience in market risk management.
• At least 5 years as a senior market risk manager in a financial institution.
• Deep understanding of equity products and derivatives.
• Proven track record of effectively managing risks.

Responsibilities

• Oversee and manage risk for equity portfolios.
• Liaise with stakeholders, including senior management and regulators.
• Ensure market risks are captured and managed within risk appetite.
• Drive market risk projects to enhance frameworks.

Skills

Strong analytical skills

Communication with senior management

Understanding of quantitative and qualitative risks

Experience with SQL

Experience with Python

Knowledge of UK and European regulations

Education

Degree-level education in quantitative or finance-related discipline

Tools

VBA

Power BI

Job description

Based in London and working as part of a global team, this role will have responsibility for overseeing Structured and Flow Equity Derivatives activities in Europe, as well as Cash and Convertibles.

In addition to managing equity-linked market risks across EMEA and Asia in collaboration with the Asia Head of Risk, the individual will provide oversight of local JIL and JEG entities with respect to equities market risk.

Leveraging our Risk Policies and overarching Risk Management Framework—and in alignment with the Board’s Risk Appetite Statements—the team works directly with the business and partners with second-line functions. The role is directly responsible for sanctioning decisions on material trades, defining and refining risk methodologies, and identifying and assessing emerging risks.

Key Responsibilities

• Oversee and manage risk for relevant equity portfolios in accordance with JIL and Group risk policies and procedures.
• Liaise with key stakeholders, including senior management, audit teams, and regulators.
• Ensure market risks arising from equities portfolios are identified, understood, captured, reported, and escalated as required, and managed within risk appetite.
• Drive market risk projects to enhance frameworks and analytics.
• Monitor, review, and approve large, complex transactions under the pre-trade approval framework.
• Ensure timely VaR sign-off, accuracy of key risk metrics, and integrity of reporting dashboards and reports.
• Support the local CRO and Equities CRO as needed.
• Manage JIL’s equities market risk team across EMEA and Asia, providing effective second-line review and challenge of equities trading activities.
• Serve as a member of the JIL Risk management team, working alongside direct reports of the JIL CRO to ensure holistic risk management of equities.
• Represent market risk in governance committees.
• Support regulatory deep dives and responses as required.

Experience, Skills, and Qualifications

• Degree-level education in a quantitative or finance-related discipline with strong analytical skills.
• 15+ years of relevant experience, including at least 5 years as a senior market risk manager within a financial institution.
• Deep understanding of equity products, particularly equity derivatives, equity-linked derivatives, and swaps.
• Proven track record of working successfully with traders and analysts and communicating effectively with senior management.
• Strong understanding of quantitative and qualitative risks impacting derivatives and financing businesses, including cross-market and counterparty risk.
• Knowledge of UK and European regulatory environments for large, complex financial institutions.
• Previous trading experience is desirable.
• Working knowledge of SQL, Python, VBA, or Power BI.