Federated Hermes, Inc.’s Compliance team is looking for a Compliance Examiner to join it team. The Examiner develops, implements, and performs independent monitoring and testing of Federated Hermes’ investment management activities or sales, distribution and service activities for compliance with Federated Hermes policies and procedures and applicable rules and regulations.
What you need:
Bachelor’s degree or equivalent comparable business experience, including experience in financial services organizations in compliance, fund accounting, legal, audit or similar environment required; degree in accounting, finance or business preferred
Minimum 2 years of business experience; advanced degree (e.g. MBA or JD) may be accepted in lieu of experience
FINRA SIE, S7TO, S24, S66, or obtain within a reasonable time preferred
Basic understanding of mutual fund/investment adviser process/regulations or financial industry experience is required
Experience with mutual fund or investment adviser compliance, broker-dealer compliance, legal, audit, or operations preferred
What you will do:
Review portfolio investments for adherence to the stated investment objectives and policies and to regulatory standards
Identify and draft automated portfolio restrictions for trade order management systems
Perform period reviews related to Federated Hermes Investment management activities, including, but not limited to the following:
Records of soft dollar transactions and allocation of trades to selling brokers;
Borrowing and advisory policies and procedures; and
Restricted and illiquid securities.
Assist in monitoring compliance with Federated Hermes’ Code of Ethics for Access Persons
Customer Servicing and Third-Party Transfer Agent including compliance with Anti-Money Laundering policies and procedures and rules and regulations, suspicious and/or fraudulent activities, transaction processing, fund prospectus requirements, privacy and data protection policies and procedures, information security and identity theft prevention and customer complaint reporting
Compliance with firm level FINRA rules, including, but not limited to net capital calculations, required regulatory filings, licensing and registration and aggregate sales charge limitation calculations
Perform oversight of Registered Representative activities, including, but not limited to expense report reviews, gift limit compliance, review of correspondence and compliance meetings and continuing education tracking
Monitor foreign accounts and off-shore funds for compliance with distribution practices regarding registration status.
Perform verifications of private fund investors’ status as an accredited investor and/or qualified purchaser, pursuant to Regulation D and Federated Hermes policy.
Assist in developing and maintaining the compliance monitoring programs and draft reports for submission to senior management and/or the board of directors.
Conduct research in connection with federal and state laws and regulations.
Assist in regulatory inspections and perform operational reviews and special compliance reviews of designated business functions.
For more than 60 years, Federated Hermes (FHI) 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.
For additional information about this opportunity go to:
Federated Investors, Inc. offers a competitive salary and benefits package along with a professional environment.
Federated Hermes is committed to providing equal employment opportunities to qualified individuals without regard to the following criteria: race, color, national origin, religion, sex (including pregnancy), sexual orientation, gender identity or expression, mental or physical disability, age, familial or marital status, ancestry, military status, veteran status or genetic information as well as any other prohibited criteria under any applicable local, state or federal law applicable to Federated Hermes. Only those candidates in whom we have an interest will be contacted.
About Federated Hermes, Inc. go to: www.federatedhermes.com
We are interested in qualified candidates who are eligible to work in the United States. However, we are not able to sponsor visas.
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.