Job title – Syndicated Loan & Documentation Specialist - 12 month FTC
Location – London
Grade - Assistant Manager
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:
Work directly with the Director, Global Trade Services, Portfolio Managers, and Investment Analysts to provide assistance in building processes to manage, review and negotiate transaction related loan documentation in the Trade Finance and Bank Loan Portfolios. Assist with prioritizing of transaction related documentation requirements (i.e., KYC, Derivatives, Foreign Market Registrations) and to develop a thorough understanding of the terms of these agreements.
Key task and responsibilities:
* Work directly with the Director, Global Trade Services, develop and possess a deep understanding of trade finance and bank loan asset classes
* Review and negotiate multiple non-industry standard trade finance related trade confirmations, participation agreements, master risk participation agreements, assignment agreements, transfer certificates, novation agreements, bills of exchange, pricing letters and letters of credit
* Maintain and manage various portfolio valuation and transaction reports for the trade finance portfolios in order to assist portfolio managers in their strategic decision making process
* Maintain ongoing spreadsheets for the trade finance team that project cash flows and investment profiles of each underlying holding
* Monitor cash balances to ensure adequate cash is on hand for trading within the trade finance portfolios
* Ensure compliance and respond directly to inquiries regarding KYC banking requirements in multiple foreign and emerging market jurisdictions
* Serve as a primary point of contact for all loan maintenance, administrative, operational, legal, compliance, accounting, audit, credit, tax and custodial inquiries from all trade finance trading counterparties
* Create the underlying trade finance security in Bloomberg and initiate the trading and settlement process with multiple internal Federated Hermes teams and the funds’ global custodian
* Act as a conduit between bank counterparties, Portfolio Managers, CIO, investment analysts in order to manage any and all requests regarding the credit and operational administration of all existing holdings within the portfolios
* Work with the custodian and agent bank counterparties to ensure timely repayment of all expected principal and interest repayments
* Secondary responsibilities include having the ability to back up team members in the following areas
* Assist Director, Global Trade Services and Senior Documentation Specialist with the education and training of business and investment personnel and other control groups concerning significant legal issues relating to derivative contracts
* Assist in managing daily broker documentation request fulfilment
* Assist Director, Global Trade Services and Senior Documentation Specialist with preparation, drafting, production, and maintenance of the following New York law agreements: ISDA Master Agreements (including Schedules and Credit Support Annexes), Securities Lending Agreements, Prime Broker Agreements, FX Prime Brokerage Agreements, Futures Agreements, Options Agreements, Swap Agreements, Cash Trading Agreements, Give-Up Agreements, Trade Licensing Agreements, FX Exchange Agreements, and any other relevant documentation and subsequent amendments
Experience Required:
* Bachelor’s degree
* Paralegal Certification or equivalent legal experience
* Knowledge of Structured, Syndicated and Private Placement Facility Agreements
* Knowledge of LMA and LSTA trade agreements
* Familiarity with Bloomberg
* Knowledge of derivative instruments and their regulatory/legal requirements
* Understanding of the terms of the ISDA agreements as related to trade details,
collateralization requirements, payment terms, assignments, unwinds and default procedures
Minimum knowledge & experience required
* Minimum 2 years banking or asset management experience
Candidate Profile:
* Ability to work within time sensitive and transaction driven deadlines
* Demonstrated decision making and analytical skills
* Excellent communications skills both verbal and written
* Ability to work independently
* Problem solving skills
* Attention to detail and accuracy
* Advanced analytical and research-oriented skills
* Computer literacy
* Advance Excel knowledge and familiarity
* Ability to model and forecast cash projections via Excel would be preferred but not essential
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.