Job Description
Job title – Investment Analyst/Associate PM Grade – Manager Location – London About Federated Hermes: Federated Hermes, Inc. is a global leader in active, responsible investment management, with $750.6 billion in assets under management, as of Dec. 31, 2023. 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: Responsible for the analysis, monitoring and portfolio management of structured credit exposures within the portfolios. Key tasks and responsibilities: • Portfolio management of structured credit exposures (both ABS & CLOs) in the portfolios. • Analysing and understanding relative value between (i) structured credit instruments and (ii) broader fixed income products. • Analysing and monitoring ABS & CLO investments. • Modelling and analysing ABS & CLO structures. • Generating investment recommendations from Primary and Secondary markets. • Reviewing legal documents and trustee reports. • In charge of the fundamental and risk review: • Analysing underlying loans and the broader European leveraged loan market. • Analysing underlying ABS collateral and the broader consumer credit environment. • Understanding rating agency methodologies and keeping the team up to date with the latest rating agencies’ developments. • Being a thought leader for ESG analysis within structured credit. • Regulatory Responsibilities: • Foster and maintain a culture reflecting FCA and other regulatory obligations (and Hermes’ Code of Ethics) compliant with the FCA Conduct Rules. • Ensure all your obligations as a Certified person are performed. Experience Required: • May have experience gained form working in a bank but preferably also an asset manager. • Ability to perform credit analysis of structured credit deals including: originator, manager (CLOs), collateral, structure, documentation. • Able to incorporate ESG / sustainability considerations . • Demonstrate excellent analytical skills with strong attention to detail and accuracy. Candidate Profile: • Have a solid foundation in Microsoft Office applications, especially Excel. • Demonstrate clear communication skills (verbal and written communication). • Ability to build and maintain positive and productive working relationships with both internal and external parties. • Demonstrate track record in managing structured credit investments and understanding the relative value between structured credit instruments and broader fixed income products is preferred. We're looking for the best, whoever they are We believe in equal opportunities for all and aim to ensure that no current or prospective employee is treated less favourably on the basis of their gender, race, ethnicity, religion or belief, gender identity or expression, marriage or civil partnership, pregnancy and maternity, age, sexual orientation, or disability. We welcome applications from all eligible candidates, and we particularly encourage applications from eligible candidates from a Black, Asian and Minority Ethnic background, as these groups are underrepresented throughout the financial services sector. If you would like to request a reasonable adjustment to the application and/or interview process (in line with the Equality Act 2010), please speak to jessica.sheehan@hermes-investment.com