Job Description

Company

Jefferies, the global investment banking firm, has served companies and investors for over 50 years. Headquartered in New York with its European head office in London and staff in over 30 global cities, the firm provides clients with capital markets and financial advisory services, institutional brokerage and securities research, and wealth and asset management. Jefferies provides research and execution services in equity, fixed income, and foreign exchange markets, and a full range of investment banking services including underwriting, merger and acquisition, restructuring and recapitalisation.

Jefferies GmbH “JEG” is a securities trading firm established in Germany and authorised by BaFin to provide Investment Banking, Equities and Fixed Income sales and trading activities to EEA-domiciled clients. JEG’s direct parent is Jefferies International Limited (JIL) which is incorporated in the UK and regulated by the Financial Conduct Authority (FCA).

Role

The Deputy Outsourcing/VRM Officer will support the Outsourcing/VRM Officer for Jefferies GmbH (JEG). The role reports locally to the JEG Outsourcing Officer and the JEG CRO and works as part of the Global Vendor Risk Management function within the Risk Department. The position assists the firm in managing services outsourced by JEG (both intra-group and external vendors), ensuring compliance with regulatory requirements and supporting a harmonized first and second line of defence approach. The Deputy Outsourcing Officer will contribute to maintaining and continuously enhancing a robust and effective third-party risk management governance within JEG, including setting and overseeing JEG-wide standards, processes, and controls, reviewing and evaluating third-party-risk-related information as provided inter alia via criticality and risk assessments and ongoing monitoring activities, coordinating initiatives such as annual reviews, and supporting the implementation of regulatory-driven initiatives. Additionally, the role provides support to the global Vendor Risk Management (VRM) team on German-specific Third-Party Risk Management (TPRM) matters.

Key Responsibilities

Regulatory Compliance:

• Strong understanding of relevant German laws and regulations (WpIG, KWG, MaRisk, FISG), EBA Outsourcing/TPRM Guidelines, and DORA.
• Support implementation of EBA Guidelines on outsourcing arrangements and DORA requirements.
• Maintain an outsourcing register and ensure timely reporting to BaFin for new, changed, or terminated outsourcing agreements.

Governance & Documentation:

• Represent the Outsourcing Officer in all matters related to outsourcing oversight.
• Maintain complete documentation of outsourcing arrangements, including subcontracting chains.
• Assist in developing and updating internal outsourcing policies and procedures.

Vendor Management:

• Support due diligence, risk assessments, and ongoing monitoring of service providers.
• Prepare and review outsourcing contracts in coordination with Legal, Risk Management, and Data Protection teams.
• Ensure SLAs and KPIs are defined and monitored.

Risk & Control:

• Identify outsourcing-related risks and propose mitigation strategies.
• Ensure business continuity and exit strategies for critical outsourced services.
• Participate in audits and regulatory inspections.

Global VRM Support:

• Act as German point of contact for global Vendor Risk Management initiatives.
• Provide local regulatory expertise to global TPRM processes and frameworks.
• Collaborate with global teams to align German outsourcing and third-party risk management governance with enterprise-wide standards.

Person Specification

Essential skills and experience:

• Solid understanding of Vendor/Third Party & Outsourcing frameworks, especially German regulations (WpIG, MaRisk, EBA Outsourcing/TPRM Guidelines, DORA).
• 3–5 years of relevant experience in outsourcing, vendor risk, or operational risk within financial services.
• Familiarity with implementing and maintaining outsourcing frameworks; experience in German regulatory context is highly desirable.
• Strong communication skills to collaborate effectively with internal teams and external vendors.
• Ability to manage multiple priorities, adapt to change, and maintain attention to detail.
• Comfortable interacting with stakeholders at various levels, including auditors and control functions.
• Good understanding of financial services and interest in capital markets.
• Proactive, self-motivated team player with problem-solving skills and a continuous improvement mindset.
• Fluent in German and very good command of English.

#LI-JD1

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

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, and takes affirmative action to ensure that 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 applicable 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 disabilities, as required by applicable law.