Associate Trader

Associate Trader

Federated Hermes Career Opportunity #9478                                                            

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 $845.7 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 seeking an Associate Trader to join our seasoned team on one of the world’s largest Money Market desks, which manages approximately $634 billion of the firm’s $845.7 billion in total assets. This role supports the Tax-Free (Municipal) Money Market Trading Desk by enhancing asset returns through data analysis, market insights, and fast-paced decision-making. Ideal candidates are intellectually curious, passionate about financial markets, and possess strong skills in math, accounting, technology, and communication.

Position Requirements:

• Bachelor’s degree, preferably in Mathematics, Accounting, Finance, or a Business-related field with coursework in financial markets, or relevant experience in lieu of degree required.
• A minimum of two years’ experience in a trading operations role or progressive experience within a custodian operations environment is preferred.
• Strong mathematical or accounting skills are essential.
• Familiarity with advanced technology is required.
• Skilled at managing multiple tasks simultaneously.
• Proficiency in Microsoft Excel, including the use of pivot tables, is required.
• Experience in data analysis is preferred.
• Familiarity with financial markets is advantageous.

Key Responsibilities:

• Support trading activities for global liquidity assets.
• Perform daily cash reconciliations across multiple internal systems and external custodial platforms.
• Communicate market developments to traders in a timely, clear, and concise manner.
• Reconcile trades to ensure accurate and timely settlement.
• Leverage technology to address complex, time-sensitive issues; analyze large datasets to identify trends and correlations; and generate key statistics for internal reporting.
• Share relevant market insights with portfolio managers and research analysts.
• Engage with the dealer community to provide account details, confirm securities transactions, and resolve settlement issues.
• Execute special projects assigned.

Additional Qualifications:

• Strong interpersonal and verbal communication skills
• Ability to make quick, accurate decisions and follow directions effectively
• Demonstrated ability to adapt rapidly to changing situations
• Comfortable working in a fast-paced trading room environment

Pittsburgh consistently ranks among the most livable cities in the United States, thanks to its robust economy, affordable cost of living compared to similarly sized cities, and strong sense of community. The city is known for its entrepreneurial energy, outstanding academic institutions, leading research universities, and a thriving cultural scene that includes arts, cuisine, and professional sports. Federated Hermes embraces a collaborative work environment and values the unique contributions of each individual.

For consideration, please visit our company website and reference job #9478

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.