Bellevue, Washington
Newport Beach, California
Posted: 29-Aug-24
Location: Pittsburgh, Pennsylvania
Type: Full Time
Required Education:
Internal Number: 9186
Associate Trader
Pittsburgh, Pennsylvania
Since 1955, millions of investors in the United States and around the globe have relied on Federated Hermes, Inc. (NYSE: FHI) for world-class investment solutions. Federated Hermes has grown to become one of the nation's largest investment managers with $783 billion in assets under management. Federated Hermes is a global leader in active responsible investing with one of the largest engagement and stewardship teams in the world representing over $1.4 trillion in assets under advisement.
Federated Hermes is looking for an Associate Trader to join our experienced team of Traders on one of the world’s largest Money Market desks. Assets traded on the Money Market trading desk represent approximately $587 billion of Federated Hermes $783 billion total assets under management. Cash management is central to these assets. This role is responsible for assisting the Taxable Money Market Trading Desk to maximize the return of those assets through data management, market intelligence and fast paced decision making. If you are intellectually curious, enjoy the markets, possess strong math, accounting, technical and communications skills, this may be the role for you!
POSITION SPECIFICATIONS:
- Bachelor’s degree required (Math, Accounting or Business related major preferred with some coursework in financial markets). In lieu of a degree, a comparable combination of education, job specific certification(s), and professional and/or military experience may be considered.
- Two years’ experience in a trading operation or progressive experience in a custodian operation preferred.
- Excellent math or accounting skills required
- Excellent technology skills required
- Proficient in Excel, including pivot tables
- Data analysis experience preferred
- Knowledge of financial markets preferable
MAJOR DUTIES:
- Assist with trading the global liquidity assets
- Complete daily cash reconciliation for all accounts across multiple internal and external custodial platforms
- Proactively communicate market information to traders: timely, clearly and concisely
- Perform reconciliation of trades to ensure proper and timely settlements
- Utilize technology to solve complex and time sensitive issues; evaluate large data sets to identify correlations and highlight results; and prepare critical statistics for internal distribution
- Distribute market information to portfolio managers and research analysts
- Interface with the dealer community providing account information, confirming securities trades and handling settlement problems
- Complete special projects as assigned
EXPLANATORY COMMENTS:
- Solid interpersonal and excellent oral communication skills required
- Ability to make decisions and respond quickly and accurately to directions
- Ability to work in trading room environment
Pittsburgh is one of the nation’s most livable cities with a strong economy; lower cost of living than cities of similar size; entrepreneurial spirit; sense of community; superior academics and top research universities; and, vibrant arts, food, cultural and professional sports scenes. Federated Hermes is a company that fosters a collaborative culture and recognizes the value of individual contributions.
For additional information about this opportunity go to:
Federated Hermes, Inc. offers a competitive salary and benefits package along with a professional environment.
We are interested in qualified candidates who are eligible to work in the United States. However, we are not able to sponsor visas.
EOE – Including Disability / Vets
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.