Communication Skills, Conferences, Detail Oriented, Distribution Services, Establish Priorities, Federal Laws and Regulations, Financial Services, Fund Accounting, Information/Data Security (InfoSec), Interpersonal Skills, Investigative Reports, Investment Management, Investment Services, Legal, Loans, Maintain Compliance, Microsoft Excel, Microsoft Windows Operating System, Microsoft Word, Money Laundering, Mutual Funds, Operational Audit, Order Management, People Management, Presentation/Verbal Skills, Privacy Controls, Private Funding, Problem Solving Skills, Regulations, Reporting Skills, Research Skills, Sales, State Laws and Regulations, Testing, Writing Skills
POSITION TITLE: Compliance Examiner
DEPARTMENT: Compliance
- POSITION SPECIFICATIONS:
- Bachelor's degree or equivalent comparable business experience, including experience in financial services organizations in compliance, fund accounting, legal, audit or similar environment
- Minimum 2 years of business experience required; advanced degree (e.g. MBA or JD) may be accepted in lieu of experience; FINRA licenses (e.g. FINRA SIE, S7TO, S24, S66) may be accepted in lieu of experience
- Basic understanding of mutual fund and investment advisor process/regulations required
- Proficiency with Windows/PC operating system and Microsoft Word and Excel
Develop, implement and perform periodic compliance monitoring and testing of the policies and procedures governing investment advisory and investment portfolio management and/or sales, distribution and service activities, and report findings and deficiencies to Compliance Officers.
MAJOR DUTIES:
- Portfolio investments for adherence to the stated investment objectives and policies and to regulatory standards (e.g., diversification, cash balances, valuation policies and procedures)
- Investigate, resolve and report on compliance exceptions
- Identify and draft automated portfolio restrictions for trade order management systems
- Borrowing policies and procedures (bank line of credit and interfund lending)
- Advisory policies and procedures (trade errors, trade allocation, AIMR performance standards)
- Monitor foreign accounts and offshore funds for compliance with investment restrictions and UCITs rules
- Assist in monitoring compliance with Federated Hermes' Code of Ethics for Access Persons
- Compliance with Anti-Money Laundering policies and procedures and rules and regulations
- Privacy and data protection policies and procedures; information security and identity theft prevention
- Customer complaint reporting
- Compliance with firm level FINRA rules
- Monitor foreign accounts and offshore funds for compliance with distribution practices regarding registration status
- Perform verifications of private fund investors' status as an accredited investor and/or qualified purchaser, pursuant to Regulation D and Federated Hermes policy
- Prepare draft reports for submission to senior management and/or the board of directors
- Interact with members of executive management and other business unit senior managers to present findings, resolve issues and make recommendations for changes to effect compliance
- Conduct research in connection with federal and state laws and regulations
- Assist in regulatory inspections and perform operational reviews and special compliance reviews of designated business functions
- Maintain professional competence through a review of current regulatory and mutual fund industry literature and by attendance of relevant seminars, conferences, and training sessions
- Provide guidance, assistance and training, as necessary to other business units and Compliance Department staff
HOURS/LOCATION:
- 8:00 a.m. - 5:00 p.m. (overtime as required)
- Location - Pittsburgh, PA (hybrid)
EXPLORATORY COMMENTS:
- Demonstrated analytical skills, time management skills and organizational skills; able to work independently and prioritize work effectively
- Must be process-oriented; have a commitment to a high-quality work product; and high level of attention to detail
- Excellent oral and written communication skills to communicate effectively with internal clients
- Excellent interpersonal skills, demonstrate a cooperative attitude and communication skills with clients and coworkers at all levels, individually or as part of a team
- Discretion in working with sensitive or confidential information
- COMMENCEMENT DATE: 05/26/2026
We are interested in qualified candidates who are eligible to work in the United States. However, we are not able to sponsor visas.
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 comply with applicable government contractor obligations, including ensuring veterans and qualified people with disabilities are considered for employment and promotional opportunities consistent with current federal, state and local laws and regulations. Federated Hermes will also make reasonable accommodations for the religious practices or beliefs of applicants and employees, as well as for mental health or physical disability needs.
To review Federated Hermes' California Privacy Notice go to https://www.federatedinvestors.com/corporate/careers.do and select CA Applicant Notice.