2027 Risk Management - 12 Month Placement Intern (London, June 2027 Start)

About Jefferies

Jefferies is a leading global, full-service investment banking and capital markets firm providing advisory, sales and trading, research, and wealth and asset management services. With more than 40 offices worldwide, we deliver insights and expertise to investors, companies, and governments.

Risk Management Department

The Risk Management Department provides independent risk oversight and analysis for the Firm by identifying, assessing, monitoring, and managing risk. The team is responsible for establishing and implementing the Firm’s risk framework, policies, controls, and risk appetite, and for ensuring risks are appropriately measured, monitored, and challenged.

Role

The role is a flexible program that combines extended stays in some of the Risk teams with ad hoc project work across other Risk teams. This enables placement interns to experience and develop their skills across a broad range of risk areas.

Responsibilities

• Establish and implement the risk management framework, policies, and controls.
• Establish and implement the firmwide risk appetite framework and statements in line with the Firm’s strategic business and financial plans.
• Identify and assess financial and non-financial risks, including existing risks from business activities, emerging risks from changes in external conditions, and risks from new business strategies, initiatives, and products introduced through the New Business Process.
• Measure current and potential risks using quantitative and qualitative methodologies, and monitor risks through key risk metrics.
• Establish limit frameworks, monitor utilizations of the limits against key risk metrics, and ensure compliance to the limits.
• Perform independent reviews and challenges of risk-taking and hedging activities, including deep dives of risk exposures and vulnerability reviews.

Risk Areas (Focus)

• Market Risk: risk of loss due to fluctuations in the market value of positions attributable to changes in market variables.
• Credit Risk: risk of loss due to adverse changes in a counterparty’s creditworthiness or its ability to meet its financial obligations under the terms of a financial contract.
• Operational Risk: risk of financial or non-financial impact resulting from inadequate or failed internal processes, people, systems, third-party use, or from external events.
• Quantitative Risk: methodologies and models used by the Firm to assess and measure risk.
• Enterprise Risk: reviews of overarching governance, management frameworks, and portfolio risk analysis.
• Office of COO: enhancement of risk processes, projects, technology, and resourcing to optimize delivery of the department’s strategic objectives, including independent reviews and validations of models used for valuation of the Firm’s inventory.

Location and Timeline

• Start Date: June 2027 (placement).
• Location: London office.
• Application Deadline: 1 November 2026.
• Screening and online testing may begin on a rolling basis and may occur with delays due to the program timeline; the Firm will endeavor to provide timely outcomes to applicants.

What We Look For

• Graduating in 2028 with a placement year from June 2026 to June 2027.
• Ability to work effectively as part of a team.
• Ability to work under pressure and in an organised manner to meet deadlines.
• Problem-solving and decision-making abilities.
• Self-motivated attitude.
• Basic understanding of financial markets.
• Ability to manipulate data in Excel or practical coding experience.

Equal Employment Opportunity and Reasonable Accommodations

Jefferies is committed to building a culture that provides opportunities for all employees and supports a workforce reflective of the communities where we work and live. Employment decisions are made without regard to protected characteristics under applicable law. Jefferies provides reasonable accommodations to individuals with disabilities as required by applicable law.