Job title – Fund Risk Analyst, Ireland
Grade – Associate
Location – Ireland
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:
Hermes Fund Managers Ireland Limited (“HFMIL”) is a subsidiary of Federated Hermes Limited (“Federated”).
Reporting to the Head of Risk Ireland (“HoR”), you will work with the HoR and the broader Group Investment 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 group Investment 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 funds.
* 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 the Company.
* Proactively engage with and provide input into various internal and Group Committees as the investment risk lead
* Review on an ongoing basis the risk characteristics of all Products (such as liquidity and sustainability risk), regularly overseeing the delegates’ assessment of the current levels of risk and monitor against tolerances set by the Company.
* 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 investment 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 investment risk functions in execution of tasks and responsibilities for the Company and integrate and/or enhance existing group processes and procedures as part of the Company’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)
* Receive, develop 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 the Company’s other designated persons (“DPs”), in particular, operational risk management DP and Regulatory Compliance DP as part of the Company’s overall risk management framework.
* Act as member of, and Company’s representative to, various governance committees as required. Act as a member of, and Company’s representative to, various industry fora as required such as Irish Funds Working Groups.
* Represent the Company’s Risk function on projects including new product and/or change management initiatives. Manage and implement projects to improve performance and allow the business to scale delivery of service
Experience required:
* Strong numerical qualifications
* Advanced MS Office experience (SQL Server, Python, Power-BI knowledge desirable/pre-requisite)
* Likely to be educated to degree level (or equivalent) or alternatively with a relevant qualification in risk.
* Significant experience working in a fund risk management role in a financial services firm preferably in investment management.
* 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)
Minimum knowledge & experience required
Minimum 2-5 years experience
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.
* Focus and resilience: shows belief in own ability to deliver successfully for the business, combined with a personal commitment to the organisation.
* Excellent presentation skills.
* Fluency in written and spoken English.
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.sheehan@federatedhermes.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.sheehan@federatedhermes.com or +44 207 702 0888 to discuss the support you need.
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