Job title – Trader Location – London About Federated Hermes; Federated Hermes, Inc. is a global leader in active, responsible investment management, with $800.5B billion in assets under management, as of September 30, 2024.
We deliver investment solutions that help investors target a broad range of outcomes and provide equity, fixed-income, alternative/private markets, multi-asset, and liquidity management strategies to more than 11,000 institutions and intermediaries worldwide.
Our clients include corporations, government entities, insurance companies, foundations and endowments, banks, and broker/dealers.
Headquartered in Pittsburgh, Federated Hermes has more than 2,000 employees in London, New York and offices worldwide.
For more information, visit FederatedHermes.com Main Function of the role: To provide value-added Multi-Asset best execution services to Federated Hermes Limited Investment Teams, executing global products and providing colleagues with market intelligence & news flow.
Key task and responsibilities: To provide Equity & FX best execution transactions for Federated Hermes Limited Investment Funds.
To provide colleagues with relevant market intelligence and news flow.To advise colleagues on trading strategies as required.Trade at all times in a compliant and administratively rigorous manner consistent with relevant procedures manuals and settlement deadlines.Prepare pre and post trade analysis reports for review.Conduct and report on trade cost analysis.Minimise risk in trade execution procedure.
Adhere to the FCA's Conduct Rules, understanding that they set basic standards of good personal conduct.
Foster and maintain a culture reflecting FCA and other regulatory obligations (and Federated Hermes' Code of Ethics) compliant with the FCA Conduct Rules.Ensure all your obligations as a Certified person are performed.Ensure there are no persistent failures of performance or compliance breaches in areas of responsibility.
For any failure or breach, the incumbent should ensure that action is taken and documented with intention of preventing a similar transgression.
Investment decisions are controlled by the Investment Managers, but Traders have full authority to place and work orders within the parameters of orders passed to them, particularly in choosing where to and who to trade with, and how to work the order.
Experience Required: Experience in trading equities A solid understanding and experience of multi asset execution across global products Experience using an OMS and EMS as well as execution platforms such as Bloomberg and FX connect, EMSX, Market Access, TradeWeb, Posit & Liquidnet Experience Trade cost analysis Experience in electronic trading including broker algos & DMA Candidate Profile: Experience of trading global multi asset products within an Investment Manager / Financial Institution.
Collaborative and willing to develop their trading knowledge in other asset classes in order to aid personal development and progress their career.
Has strong interpersonal skills, an enthusiastic approach and is willing to provide help and support to the team as required.
There would be a benefit from having relevant professional qualifications, along with continuous industry knowledge development by attending recognised courses.
Likely to be Certified (currently or in a previous role) under SMCR or previously registered as an approved person.
Diversity, Equity, Inclusion and Flexible Working We believe in genuine equality of opportunity, fairness, and respect for all applicants and aim to ensure that no current or prospective employee is subject to discrimination or treated less favourably on the basis of their disability, gender identity or expression, race, ethnicity, religion or belief, marriage or civil partnership, pregnancy and maternity, age, sex, or sexual orientation, or disability.
We understand that applicants may have different needs and expectations related to their working arrangements and are committed to a discussion on flexible working.
Please raise these with your Recruitment contact to discuss what type of arrangements can work for you and the role for which you are applying.
We welcome applications from all eligible candidates, and we particularly encourage applications from qualified candidates who identify as women and/or are from a Black, Asian and Minority Ethnic background, as these groups are underrepresented throughout the financial services sector, particularly at senior levels.
We are a Disability Confident Employer and participate in the "Offer of Interview" scheme, intended to actively encourage applications from people with a disability or long-term condition and offer an interview to those who meet the minimum criteria set out within this job description.
You will need to let us know if you would like to opt in to this scheme by contacting Jessica Sheehan at Jessica.sheehanfederatedhermes.com or 44 207 702 0888.
You do not need to share details of your disability or long-term condition.
If you would benefit from alternative methods of applying or for workplace adjustments during the recruitment process, please also let us know by contacting Jessica Sheehan at Jessica.sheehanfederatedhermes.com or 44 207 702 0888 to discuss the support you need.