Job title - Investment Analyst/Associate PM

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.
• 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 from 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.