Settlement Analyst – Trading Operations

Settlement Analyst – Trading Operations

Federated Hermes Career Opportunity # 9339

Pittsburgh, PA                                                              

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 $800.5 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 $2.1 trillion in assets under advisement.

Federated Hermes has a unique opportunity for a Settlement Analyst on the Global Investment Operations – Trading Operations team in Pittsburgh, Pennsylvania. This is a great opportunity to join our dynamic team to play a crucial role in our global and domestic settlement cycle, ensuring seamless trade confirmations, maintaining settlement instructions, and resolving unmatched trades.  The ideal candidate will be a collaborative, detail-oriented, independent problem solver.

Major Duties:

• Perform responsibilities for global and domestic settlement cycle, including electronic trade date confirmation, web-based settlement instructions maintenance, resolution of unmatched market trades, repurchase agreement collateral processing, currency netting, and fail trade tracking, resolution and reporting.
• Process derivative activity (futures, swap, options, currency forwards, non-deliverable forwards, short selling), including trade confirmation, trade communication, three-way position reconciliation, daily mark-to-market calculation validation, collateral monitoring, internal asset segregation, cash movement preparation, and reporting.
• Monitor internal and external trade routing and delivery, including trade delivery to custodians/record keepers (swift, fax, flat file) and trade recapture reporting generation and delivery.
• Regularly interact with Senior Settlement Analyst regarding oversight and escalation of operational issues.
• Work and communicate with all levels of the Trade Support Team.

Position Specifications:

• Bachelor’s degree in Finance, Economics, or business-related field required. In lieu of a degree, a comparable combination of education, job specific certification(s), and professional and/or military experience may be considered.
• Minimum of 2 years of financial services experience in trade settlement operations preferred.
• Knowledge of domestic equity and fixed income settlement functions required; and derivative processing activities preferred.
• Working knowledge of Microsoft Excel required.
• Familiarity with order management systems such as Charles River and Bloomberg preferred as well as trade confirmation and settlement applications such as DTCC CTM, FXall and FailStation.

Explanatory Comments:

• Excellent interpersonal and communication skills with the ability to work collaboratively in a diverse team environment.
• Demonstrate decision-making, problem-solving, mathematical, and time-management skills with strong attention to detail.
• Ability to provide a high level of accuracy and accomplish tasks in a timely manner.
• Demonstrated ability to multitask with limited direction and supervision, while fostering an inclusive and supportive work culture.

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 strong collaborative culture and recognizes the strength of individual contributions.

For consideration, please visit our company website and reference job #9339 or use the link provided:

https://careers.federatedhermes.com/psp/EXT/EMPLOYEE/HRMS/c/HRS_HRAM.HRS_APP_SCHJOB.GBL?Page=HRS_APP_JBPST&Action=U&FOCUS=Applicant&SiteId=11&JobOpeningId=9339&PostingSeq=1

For additional information, please visit FederatedHermes.com

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.

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 in all aspects of employment to qualified individuals without regard to the following criteria: race, color, national origin, religion, sex, 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 local, state or federal law applicable to Federated Hermes. As part of the firm’s equal employment opportunity statement, Federated Hermes will also take affirmative action to ensure that minorities, females, veterans, and qualified people with disabilities are considered for employment and promotional opportunities.