IPV Mortgages Specialist - (Job Number: 2300016C)

Jefferies; New York (NY); On-site; USD 110,000 - 150,000; Full time

Job summary

Jefferies is seeking an IPV Mortgages Specialist to join their Independent Price Verification Group in New York. The role involves managing the valuation of securitized products, ensuring compliance with valuation principles, and maintaining vital relationships across departments. Candidates should have a strong background in valuation, along with excellent analytical and communication skills.

Qualifications

• 5+ years in Valuation, Risk or Product Control focused on securitized products.
• Familiarity with valuation principles for hard-to-value assets.

Responsibilities

• Manage valuation control for securitized products including independent price verification.
• Communicate with critical partners such as Front Office and Risk Management.
• Develop and document valuation approaches and assumptions.

Skills

Technical understanding of securitized products

Communication and influencing skills

Analytical skills

Quantitative skills

Excel proficiency

Bloomberg skills

Intex skills

Proficiency in VBA

Proficiency in R

Proficiency in Python

Education

Bachelor's or Master's degree in Business, Accounting, Engineering or Finance

Job description

IPV Mortgages Specialist - (Job Number: 2300016C)

Pay Competitive

Location New York/New York

Employment type Full-Time

Job Description

Req#: 70583 !*!

Jefferies Financial Group Inc. (‘‘Jefferies,’’ ‘‘we,’’ ‘‘us’’ or ‘‘our’’) is a U.S.-headquartered global full service, integrated investment banking and securities firm. Our largest subsidiary, Jefferies LLC, a U.S. broker-dealer, was founded in the U.S. in 1962 and our first international operating subsidiary, Jefferies International Limited, a U.K. broker-dealer, was established in the U.K. in 1986. Our strategy focuses on continuing to build out our investment banking effort, enhancing our capital markets businesses and further developing our Leucadia Asset Management alternative asset management platform. 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.

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
!*!

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

The salary range for this role is $110,000-$150,000.

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.

Jefferies Group LLC is an American multinational independent investment bank and financial services company that is headquartered in New York City.

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