Associate Trader

Federated Hermes; Pittsburgh (Allegheny County); Hybrid; USD 60,000 - 100,000; Full time

Job summary

An established industry player is seeking an Associate Trader to join their dynamic team in Pittsburgh. This role involves assisting in trading activities for Investment Grade and High Yield products, while also supporting the new issue process and providing critical market insights to Portfolio Managers. The ideal candidate will possess a strong quantitative background, proficiency in Python, and excellent communication skills. Join a collaborative environment that values individual contributions and offers a competitive salary and benefits package. If you are passionate about the markets and eager to leverage technology for trading success, this opportunity is perfect for you.

Qualifications

• Bachelor's degree in quantitative field or relevant experience preferred.
• Proficiency in Python and strong quantitative skills required.

Responsibilities

• Assist in trading activities for Investment Grade and High Yield products.
• Provide Portfolio Managers with market sentiment and trading information.

Skills

Quantitative Analysis

Mathematics

Accounting

Python

Negotiation

Relationship Building

Education

Bachelor’s degree in a quantitative field

Relevant experience in lieu of degree

Tools

Trading Platforms

Financial Analysis Software

Job description

Associate Trader

Federated Hermes Career Opportunity #9378

Pittsburgh, PA – Hybrid (in office / remote)

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 $829.6 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 is looking for an Associate Trader to join an experienced team of Traders working in our Pittsburgh headquarters. Assets traded on the Investment Grade and High Yield/Leveraged trading desks represent a substantial portion of the nearly 100bn of fixed income portfolios. This role is responsible for assisting with trading activities, supporting the new issue process, providing Portfolio Managers with information and liaising with operations and other fixed income colleagues. If you are intellectually curious; enjoy the markets; and possess strong math, accounting, technical and communications skills, this may be the role for you!

POSITION SPECIFICATIONS:

• Bachelor’s degree in a quantitative field preferred or relevant experience in lieu of degree
• Interest in fixed income trading products such as investment grade corporate bonds, high yield bonds, leveraged loans, and derivatives products preferred
• Risk/reward mindset and ability to assess relative value opportunities
• Proficiency in Python required
• Strong quantitative, math and accounting skills required
• Strong relationship building and negotiation skills
• A pro-technology mindset and the ability to leverage technology to improve effectiveness, efficiency, and workflow. Programming skills preferred, particularly Python literacy

MAJOR DUTIES:

• Assist in trading activities for Investment Grade, High Yield, and Leveraged Loans
• Support new issue process as directed by Portfolio Managers, Investment Grade Corporate Bond Trading Desk Head, High Yield Bond Trading Desk and/or Head of Trading
• Provide Portfolio Managers with information about market sentiment, trading environment, trading volume and price volatility
• Lead ad-hoc projects to enhance trade execution and market performance
• Liaise with operations and other fixed income business colleagues to maintain and enhance workflow efficiency, monitor risk and improve communication
• Enhance our integration efforts to improve workflow efficiency through use of technology and systems.

EXPLANATORY COMMENTS:

• Self-starter and team player with excellent communication skills and high integrity
• Demonstrated ability to multitask, make decisions and respond quickly and accurately to instruction in a dynamic work environment
• Able to work calmly, flexibly, and efficiently in a fast-paced environment
• Strong work ethic, problem solving, detail oriented and excellent time management skills

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 collaborative culture and recognizes the value of individual contributions.

For consideration, please visit our company website and reference job #9378.

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.