Portfolio Manager/Trader

This job was posted by https://illinoisjoblink.illinois.gov : For more information, please see: https://illinoisjoblink.illinois.gov/jobs/13860001 Portfolio Manager/Trader Municipal Bond SMA, Job Code # 9863 Federated Hermes, Inc., one of the nations largest investment managers with over \$884 billion assets under management, has an exciting opportunity for a Municipal Bond Portfolio Manager/Trader to join our talented CW Henderson team in Chicago. CW Henderson actively manages well diversified Separately Managed Accounts (SMAs) comprised of highly rated municipal bonds. The ideal candidate will have some experience trading municipal bonds, understand the municipal bond market, and have been through multiple market cycles. MAJOR DUTIES - Source investment ideas in primary and secondary markets and buy/sell securities in client accounts - Analyze portfolio characteristics and assess the viability and impact of proposed allocation changes - Monitor current holdings for relative attractiveness and provide continuous feedback and investment ideas - Provide ideas related to portfolio structure, holdings and risk profile - Perform account level reviews to identify potential tax loss harvesting opportunities and/or yield enhancement opportunities - Allocate bonds to client accounts - Work with operations staff to execute a cash management program - Execute bid-wanted lists for client liquidity needs - Understand and convey macro considerations in defining relative performance - Potentially support the marketing process by assisting in writing market commentaries and portfolio updates - Investigate and resolve transaction settlement problems, as necessary POSITION SPECIFICATIONS: - Bachelors degree required; accounting, finance and/or business-related field preferred - Minimum 5 years investment experience in municipal sales, trading, or portfolio management - Working knowledge of municipal markets and deep understanding of municipal bond portfolio management/trading including but not limited to market nuances, supply/demand dynamics, credit spreads and credit quality, relative value trading, taxation, etc. - Familiarity with various municipal trading systems and applications The annual base salary range for this position is \$135,000 - \$195,000. In determining salary multiple factors will be taken into consideration such as primary work location, experience, education and skill set. In addition to base salary, this position includes eligibility for a bonus.We offer our employees (and, as applicable, their dependents) medical, dental, prescription, vision, and basic life insurance benefits. Additionally, Employees are eligible to enroll in our companys 401(k) plan. Each calendar year employees are eligible for paid leave, which includes fifteen vacation days, seven ill days, and ten holidays. For more information, please click the following Link: Careers Key Behaviors for Success: Anchored in the Federated Hermes Pledge, our Behavior Framework provides a compass for the way we behave and perform internally to create the environment necessary to maintain our commitments to each other and to the business. Our behaviors are: Adaptability, Communication, Delivery, Drive, and Relationships. Working Conditions: - Standard work hours are 37.5 per week. However, additional hours may be required. - Chicago, IL. - You will be required to work in the office a minimum of three days each week. Apply to this position: We appreciate your interest in career opportunities with Federated Hermes**. For additional information and to apply to this position, please visit** the Federated Hermes Careers page and reference Job I #9863. The firm does not sponsor employment visas. About Us Federated Hermes, Inc. is a leading global, active asset manager, focused on meeting the diverse and evolving needs of todays investors. Founded on the principle of doing business the right way, Federated Hermes has helped clients plan for the future with investments, support and insights built to stand the test of time. Headquartered in Pittsburgh since 1955, with offices spanning North America, Europe, and Asia Pacific, our more than 2,200 highly talented employees are dedicated to a culture of integrity, a drive for excellence in all that we do and an unwavering focus on our clients. Federated Hermes, Inc. offers a competitive salary, a comprehensive benefits package, a variety of professional and personal development opportunities, and a professional work environment. For additional information about the firm, please visit the Federated Hermes website.