Valuation Control Group - North America Credit - Senior Associate

Jefferies Financial Group; Honolulu (HI); On-site; USD 120,000 - 190,000; Full time

Job summary

Jefferies Financial Group is seeking a Senior Associate for the Valuation Control Group to manage the valuation control framework for Credit Trading and collaborate with Front Office, QR, Technology, and Risk teams. You will help develop pricing policies, execute them, and address valuation model uncertainties.

You will partner with Finance and regulators to ensure accurate valuations and remediation of issues, while driving enhancements to reflect market dynamics and risk concentrations.

Qualifications

• 4+ years of valuation, market risk, and related experience.
• Quantitative aptitude; keen interest in financial markets and traded credit products.
• Ability to understand financial products and derivatives valuations.
• Strong communication and multi-tasking with detail orientation.
• Curious, inclusive, with sound judgement and constructive challenge.
• Proficient in Microsoft Office; strong Excel skills.

Responsibilities

• Oversee valuation control framework for Credit Trading, including IVP, valuation adjustments, and stress testing.
• Identify emerging valuation risks and drive methodology enhancements to capture market dynamics.
• Partner with Quantitative Research and Model Review Groups to assess trading models and apply compensating controls.
• Own relationships with Front Office and Finance, technology and Risk to provide analysis on month-end results and complex positions.
• Participate in group and firm projects with Front Office, QR and Technology; support regulator inquiries.

Skills

Valuation

Market risk

Quantitative aptitude

Derivatives valuations

Communication skills

MS Office

Excel

Tools

Alteryx

Tableau

Excel

Job description

Job Summary

You will play a critical role within the Firm, engaging with senior management, business heads, regulators, and internal/external auditors. You will help develop independent pricing and valuation adjustment policies, execute them, and collaborate with Trading to remediate and prevent issues. As a Senior Associate in the Valuation Control Group, you will manage the valuation control framework for credit products, identify and mitigate valuation risk concentrations, manage pricing input uncertainties, and address valuation model uncertainty.

Responsibilities

• Be responsible for all aspects of the valuation control framework for Credit Trading, including independent price verification, valuation and prudent valuation adjustments, valuation adjustments stress and fair value measurement.
• Identify emerging valuation risks and drive methodology enhancements to ensure valuation controls accurately capture market dynamics and opportunities to enhance control efficiency.
• Partner with Quantitative Research and Model Review Groups to assess limitations in trading models and implement compensating controls and model limitation adjustments.
• Own the relationship with Front Office and key Finance, technology and Risk partners to provide value‑added analysis on month‑end results, illiquid and concentrated valuation positions, revenue from new deals and complex transactions and new products.
• Partner and participate in projects within the group and the wider Finance organization together with Front Office, QR and Technology and participate in regulatory exams and address bank’s regulator inquiries.

Required Qualifications

• 4+ years of experience in valuation, market risk, and related experience.
• Must have quantitative aptitude and keen interest in financial markets and traded credit products.
• Ability to understand financial products and derivatives valuations.
• Critical thinker with sound judgement and ability to challenge constructively.
• Curious personality; inclusive; detail oriented; always looking to improve.
• Strong communication skills and ability to synthesize complex subjects; good at multi‑tasking and prioritization.
• Basic Microsoft Office & strong Excel skills.

Preferred Qualifications

• Experience in financial modeling.
• Knowledge of data science (e.g., Machine learning), analytics platform (e.g., Alteryx) and data visualization tool (e.g., Tableau) will be advantageous.
• Strong analytical abilities and willingness to contribute as part of a high performing team.
• Ability to communicate effectively to trading desk and other Finance / Risk functions.

Benefits

We offer a competitive total rewards package including base salary determined based on the role, experience, skill set, and location. For those in eligible roles, we offer discretionary incentive compensation which may be awarded in recognition of firm performance and individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on‑site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process.

Equal Opportunity Employer / EEO Statement

We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. We also make reasonable accommodations for applicants’ and employees’ religious practices and beliefs, as well as mental health or physical disability needs.