Senior Risk Analyst

Federated Hermes Limited; Dublin; On-site; EUR 90,000 - 130,000; Full time

Job summary

Federated Hermes, Inc. is seeking an experienced risk professional to support an effective fund risk management system within Hermes Fund Managers Ireland Limited (HFMIL).

This role reports to the Head of Risk Ireland and collaborates with group risk teams to strengthen governance, policies and controls for products under management. You will identify and review investment risk characteristics, oversee risk assessments, and lead risk committees while ensuring regulatory compliance and robust

Qualifications

• Minimum 4-5 years’ experience across fund risk and/or investments.
• Strong numerical qualifications.
• Likely educated to degree level (or equivalent) in risk or related field.
• Significant experience in fund risk / investment management in an asset manager.
• Experience with a wide range of investment products (Equities, Fixed Income, Derivatives & Private Markets).
• Good knowledge of Irish financial services regulations and framework.
• Good systems knowledge and data analysis skills (FactSet knowledge desirable).
• Experience delivering on projects/change initiatives.

Responsibilities

• Deliver value-added Risk Management with deep knowledge of each asset class and each Fund Managers’ investment style for HFMIL managed products.
• Identify and review investment risk characteristics of all products, monitor against risk limits and risk tolerances.
• Engage with Group committees as the fund risk lead.
• Review risk characteristics of all products (liquidity, market risk) and monitor against tolerances.
• Serve as primary day-to-day contact for Fund Risk Management with investments and product teams.
• Provide guidance across the business to identify, assess and manage fund risks; become the UCITS/AIFMD risk expert.
• Ensure periodic stress tests and risk analyses to identify, measure, and monitor risks including liquidity and sustainability risk.
• Work with Head of Risk, Ireland and Federated group risk to integrate and enhance risk management framework for HFMIL.
• Manage onboarding of new products including eligibility criteria and regulatory requirements, finalising risk documentation as required (RMP, investment risk framework).
• Maintain and review reports on fund risk issues such as market movements, liquidity exposures and carbon exposures.
• Engage with other designated persons as part of overall risk management framework and participate in governance committees and industry fora.
• Support projects to improve performance and enable scalable delivery of service.

Skills

Fund risk expertise

Investment management

Quantitative analysis

English fluency

Regulatory knowledge

Education

Degree in Finance/Risk/Mathematics

Tools

FactSet

Job description

Federated Hermes, Inc. (FHI) is a global leader in active investment management, with $907.1B AUMin assets under management, as of March,31st, 2026. We deliver investment solutions that help investors target a broad range of outcomes and provide equity, fixedincome, 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

Hermes Fund Managers Ireland Limited ("HFMIL") is part of the Federated Hermes, Inc. group ("Federated"). Reporting to the Head of Risk Ireland ("HoR"), you will work with the HoR and the broader Group Risk teams to support an effective fund risk management system for HFMIL and its products under management, built around strong governance, policies, oversight and controls. You will also assist with other projects or initiatives as required

Key task and responsibilities

• The goal of this role, in conjunction with the Head of Risk, Ireland and the broader Group Risk teams, is to deliver value-added Risk Management through a combination of in-depth knowledge of each asset class and each Fund Managers’ investment style for HFMIL managed Products.
• Assist the Head of Risk, Ireland to identify and review on an ongoing basis the investment risk characteristics of all Products, regularly overseeing the delegates’ assessment of the current levels of risk and monitor against risk limits and in accordance with the risk profiles set by HFMIL.
• Proactively engage with and provide input into various internal and Group committees as the fund risk lead.
• Review on an ongoing basis the risk characteristics of all Products (such as liquidity and market risk), regularly overseeing the delegates’ assessment of the current levels of risk and monitor against tolerances set by HFMIL.
• Primary contact for day-to-day Fund Risk Management and interaction with the broader teams, including Head of Investments, Product Development and broader business.
• Provide guidance, advice and support across the business to identify, assess and manage fund risks. Aspire to be the technical expert in UCITS and AIFMD and funds in respect to risk management
• Ensure periodic stress tests and risk analysis are conducted to identify, measure, manage and monitor risks associated with the investment positions (including liquidity risk, sustainability risk and market risk).
• Work closely alongside the Head of Risk, Ireland and the Federated group risk functions in execution of tasks and responsibilities for HFMIL and integrate and/or enhance existing group processes and procedures as part of HFMIL’s risk management framework.
• Manage the onboarding of new products including assessments of asset eligibility criteria, interpretation of the regulatory requirements and finalisation of the supplemental risk documentation as required (such as RMP, investment risk framework).
• Maintain, develop, receive and review reports on fund / investment risk related issues such as significant movements in risk profiles or liquidity exposures, carbon exposures, and other fund / investment risks applicable to the Products in order to monitor each Product’s risk levels and exposure to risk. Interpretation of analytics across all asset classes
• Engage and interact with HFMIL’s other designated persons ("DPs"), in particular, Operational Risk Management DP and Regulatory Compliance DP as part of HFMIL’s overall risk management framework.
• Act as member of, and HFMIL’s representative to, various governance committees as required. Act as a member of, and HFMIL’s representative to, various industry fora as required.
• Work with the HFMIL’s Risk function on projects including new product and/or change management initiatives. Help to support projects to improve performance and allow the business to scale delivery of service.

Minimum Experience Required

• Minimum 4-5 years’ experience working across the areas of fund risk and/or investments
• Strong numerical qualifications
• Likely to be educated to degree level (or equivalent) or alternatively with a relevant qualification in risk.
• Significant experience working in a fund risk / investment management role in a fund management company/ asset manager.
• Experience of a wide range of investment products (Equities, Fixed Income, Derivatives & Private Markets).
• Good knowledge of the Irish financial services regulations and framework.
• Good systems knowledge and data analysis skills (FactSet knowledge desirable)
• Experience of managing and delivering on projects/change initiatives

Candidate Profile

• A strong mathematical and quantitative/analytical background
• Good organisational and planning skills with the ability to prioritise effectively and meet tight deadlines
• Keen attention to detail
• Able to learn new processes and systems quickly, build relationships and influence outcomes.
• Comfortable working as an individual contributor and as a member of a collaborative team.
• Able to interpret requirements and develop solutions and best business practices.
• Excellent communicator who has the gravitas and professional persona to influence and earn the respect of all stakeholders and peer group, including senior management, investors, members of the HFMIL board, as well as delegates.
• Manages the expectations of multiple stakeholders and delivers appropriate solutions for complex issues. Exercises initiative and lateral thinking with accuracy and attention to detail.
• Pro-active and flexible, with the ability to adapt approach in order to embrace change.
• Demonstrates cultural awareness and organisational sensitivity.
• Focus and resilience: shows belief in own ability to deliver successfully for the business, combined with a personal commitment to the organisation.
• Interpersonal understanding: t’reats everyone with dignity, honesty and respect.
• High level of self-awareness: understands the impact of own behaviour on others and upholds the highest standards of company values/practice.
• Demonstrates personal drive and energy in support of HFMIL’s and individual objectives.
• Excellent presentation skills.
• Fluency in written and spoken English.

Diversity, Inclusion and Flexible Working

We believe in genuine 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.

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 [e-mail] or [phone]. 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 [e-mail] or [phone] to discuss the support you need.