POSITION TITLE: LOAN SYNDICATION AND DOCUMENTATION SPECIALIST
DEPARTMENT: INVESTMENT MANAGEMENT OPERATIONS - GLOBAL TRADE SERVICES
Bachelor’s degree and paralegal certification required; Master’s Level degree or Juris Doctorate preferred
At least three years of business experience required; legal experience preferred
Demonstrated knowledge of the terms of ISDA agreements as related to trade details, collateralization requirements, payment terms, assignments, unwinds and default procedures preferred
Knowledge of loan syndication and derivatives instruments and their regulatory/legal requirements
Strong computer skills including experience with Microsoft Word and Excel required
This position provides assistance and backup for all global and domestic derivative contract negotiations and documentation management. The Loan Syndication and Documentation Specialist works closely with the Director, Global Trade Services and Senior Documentation Specialist to provide strategic insight to the Derivatives Committee to strategize, develop and implement ideas, make recommendations, and create effective processes that mitigate derivative transaction risks and enhance overall fund performance on behalf of the Federated Hermes fund complex. This position also works directly with the Director, Global Trade Services, Portfolio Managers, and Investment Analysts to provide assistance in building processes to manage, review and negotiate transaction related loan documentation in the Trade Finance and Bank Loan Portfolios.
Assist in preparing, producing, and maintaining the following agreements: International Swaps & Derivatives Association (ISDA) Master Agreements (including Schedules and Credit Support Annexes), Securities Lending Agreements, Prime Broker Agreements, FX Prime Brokerage Agreements, Futures Agreements, Options Agreements, Swap Agreements, Cash Trading Agreements, Give-Up Agreements, Trade Licensing Agreements, FX Exchange Agreements, LSTA and LMA trade documentation and any other relevant documentation and subsequent amendments.
Review and negotiate discretionary trading authorizations, cross trade consents, advisory representations, all trade and loan origination related agreements, collateralization arrangements, powers of attorney, certificates of incumbency, corporate certification and authorizations and authority documents.
Assist and act as back-up in managing daily broker documentation request fulfillment.
Act as an integral member of the Derivatives Committee to assess and address all derivative related issues that may significantly impact all funds within the Federated Hermes fund complex.
Act as an informational resource for Portfolio Managers, Traders and trading management for all derivative loan syndication related matters.
Work with multiple global custodians in an effort to provide expert analytical insight and research on behalf of all Portfolio Manager and Trader requests to open local trading accounts on multiple international exchanges.
Develop and maintain strong working relationships with the Head of Trading, Chief Investment Officers, Portfolio Managers, Traders, industry vendors, global custodians and the brokerage community.
Assist with the education and training of business and investment personnel and other control groups concerning significant legal issues relating to loan syndication and derivative contracts.
7:00 a.m. - 3:30 p.m. (overtime as required)
Federated Hermes Tower- Pittsburgh, PA 15222
Strong analytical and research-oriented skills required
Effective interpersonal communication skills.
Ability to work in a deadline oriented, high volume environment.
Demonstrate effective decision-making, problem solving, and analytical skills with particular attention given to detail and accuracy.
Strong communication skills, both written and verbal.
Ability to work independently.
Federated Hermes, Inc. offers a competitive salary and benefits package along with a professional environment.
Only those candidates in whom we have an interest will be contacted.
For more than 60 years, Federated Hermes has provided world-class investment solutions to financial professionals in the United States and around the world. Federated Hermes' employees have defined the qualities of the company’s success over the decades: a reputation for integrity and excellence, a commitment to customers and employees and a history of longstanding client relationships. While each market cycle brings new opportunities and challenges to the company, Federated Hermes continues to foster employee commitment to excellence in the investment management industry.