Senior SMA Compliance Examiner Investment Management

• JOB OPENING #: 9816

POSITION TITLE: Senior SMA Compliance Examiner Investment Management

DEPARTMENT: Compliance

• POSITION SPECIFICATIONS:
• Bachelor's degree or equivalent level of related experience which includes experience with financial services organizations in compliance, fund accounting, legal, audit or similar environment
• Minimum 5 years of business experience plus 1 year of investment adviser compliance
• Knowledge of municipal securities and securities markets, familiarity Investment Advisers Act of 1940, and other SEC regulations
• Thorough understanding of investment advisory process/regulations
• Possess or have the ability to take and pass the following securities related examinations 7, 24, 65/66
• Proficiency with Microsoft Word, Excel, AI Asistant, e.g. Co-Pilot, Claude

MAJOR DUTIES:

The Sr. Compliance Examiner supports the implementation of Federated Hermes compliance program for its broker-dealer wrap ("SMA") advisory business across Federated Hermes-affiliated investment advisers. This role focuses on portfolio monitoring and testing, and on ensuring adherence to Federated Hermes policies and procedures as well as federal securities regulations.

• Analyze and interpret client investment guidelines to create compliance rules on the trade order management systems
• Oversee, implement, and monitor the trade order management systems for portfolio compliance, monitor guardrails within the trade order management system to ensure equitable allocation and trading practices across portfolios and adherence to client requests
• Review client account performance outliers; review tax loss trading strategies
• Oversee the SMA client onboarding process, including AML reviews, when required
• Manage and oversee MNPI compliance monitoring; oversee client contract templates from a compliance perspective
• Review and amend written policies and procedures as necessary to ensure policies and procedures meet current regulatory requirements and reflect current business practices
• Oversee compliance with custody rule requirements, including appropriate contractual language, recordkeeping, training and outreach
• Assist in regulatory examinations
• Approve gift and entertainment activity
• Assist in the administration and enforcement of the Code of Ethics for Access Persons
• Conduct electronic communication surveillance
• Participate on the "Management Account Legal and Compliance Working Group" to ensure consistent communication and compliance response to SMA business developments
• Conduct compliance training for Investment Management and Investment Operations teams in the Chicago office
• Oversee Credit process to ensure adherence to internal policies and procedures
• Assist in data governance controls for the Chicago office
• Manage books and records for the Chicago office
• Maintain professional competence through a review of current regulatory and mutual fund industry literature and by attending relevant seminars, conferences, and training sessions

HOURS/LOCATION:

• 7:30 a.m. - 5:00 p.m. CST (overtime as required)
• Location - Chicago, IL 60654 (hybrid work schedule)

EXPLANATORY COMMENTS:

• Strong time management and organizational skills; able to work independently and prioritize work effectively.
• Must be process-oriented and have a high level of attention to detail.
• Excellent oral and written communication skills to communicate effectively with internal clients
• Discretion in working with sensitive or confidential information.
• Exceptional interpersonal skills in order to work with clients and all levels of staff individually or as part of a team.

The annual base salary range for this position is $100,000 - $145,000. 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 company's 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

• COMMENCEMENT DATE: 09/24/2026

The firm does not sponsor employment 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.