Analyst, Middle Office Trade Management, Derivatives Operations at T. Rowe Price in Baltimore, MD

Job description

• At T. Rowe Price, our associates are empowered to do meaningful work that supports long-term client outcomes and reflects our core principles of integrity, collaboration, accountability, and excellence. This role sits within Middle Office Trade Management (MOTM), a department responsible for supporting all trade related functions across all asset classes, including ETF’s and digital assets.
• This role specifically supports processes within core derivatives, private placements, and discretionary mutual fund trading. It offers the opportunity to work across the full trade lifecycle, partner closely with front office teams and external providers, and contribute to daily risk management, operational oversight, new complex products, and efficiency initiatives. This position is well suited for a professional who enjoys ownership, values strong controls, is passionate and curious to strengthen subject matter expertise and leadership, seeks opportunities to improve processes, and is motivated by helping scale operations to support new products and account growth.
• As part of MOTM within Global Investment Operations (GIO), this role plays an important part in supporting the firm’s Middle Office trade management functions. The position is responsible for administering and processing the books and records for a variety of accounts, including coordinating, booking, checking, and validating trades, settlements, and reconciliations. Working under general supervision, this individual will have direct accountability for supporting derivative trades, private placement trades, discretionary trades, new complex products and alternatives, as well as corporate action oversight in conjunction with outsourced providers. The individual will contribute to process improvement efforts, help drive new product variations and go-lives, and handle more advanced issues and questions elevated from less experienced staff.

Responsibilities

• Coordinate the processing of portfolio transactions, ensuring activities are accurate, timely, and compliant with established policies, procedures, and controls.
• Identify quality, accuracy, or compliance deficiencies and take appropriate corrective action to resolve issues and mitigate risk.
• Guide less experienced peers and support staff on error prevention, process execution, and interpretation of operational controls.
• Partner regularly with securities operations staff, relationship managers, investment staff, custodians, and vendors to collect, analyze, and communicate information that impacts accounts and trade activity.
• Respond to queries related to cash breaks, trade breaks, and other standard operational questions from internal and external stakeholders, escalating more complex issues as appropriate.
• Prepare standard and some nonstandard instructions for settlements, reconciliations, transfers, and related activities.
• Instruct team members on adjustments needed to books and records to ensure accuracy and completeness.
• Drive process improvement initiatives focused on automating manual tasks, enhancing efficiency, strengthening controls, and minimizing operational risk
• Support requirements and testing for operational support of new complex products
• Follow established controls to check and validate third-party reconciliations and support account transitions to the end-state infrastructure of outsourced providers.
• Provide feedback, as appropriate, to management and third-party vendors regarding timeliness, service quality, and operational effectiveness.
• Generate periodic reports and dashboards outlining relevant operational metrics such as error rates, recalculation rates, client satisfaction, responsiveness, and time to resolution.
• Support a collaborative, control-oriented operating environment that reflects T. Rowe Price’s commitment to operational excellence and client focus.

Requirements

• Bachelor's degree or the equivalent combination of education and relevant experience AND
• 2+ years of total relevant work experience
• 2+ years of experience in derivatives and trade management operations
• Knowledge of private placements
• Experience supporting middle office, trade management, or securities operations processes across the trade lifecycle
• Demonstrated ability to identify process gaps and drive improvements that increase efficiency and reduce operational risk
• Ability and curiosity to leverage AI and self-help tech solutions to increase execution and drive problem solutioning
• Strong attention to detail with the ability to maintain accuracy in a fast-paced, high-volume environment
• Effective verbal and written communication skills, with the ability to work across internal teams and external service providers
• Strong problem-solving and analytical skills, curiosity including the ability to investigate breaks, exceptions, and reconciliation issues
• Ability to prioritize competing deadlines, work independently under general supervision, and exercise sound judgment in escalating issues

Skills

Required

• Bachelor's degree or equivalent

Preferred

• Knowledge of private placements

Benefits

• We value your goals and needs, at work and in life. As an associate, you’ll be supported with resources, benefits, and work-life balance so you can thrive in ways that matter to you.
• Competitive compensation
• Annual bonus eligibility
• A generous retirement plan
• Hybrid work schedule
• Health and wellness benefits, including online therapy
• Paid time off for vacation, illness, medical appointments, and volunteering days
• Family care resources, including fertility and adoption benefits
• Learn more about our benefits.
• Please review the job posting for the location of this specific opportunity.
• $69,500.00 - $118,000.00 for the location of: Maryland, Colorado, Washington and remote workers
• $76,500.00 - $130,000.00 for the location of: Washington, D.C.
• $87,000.00 - $148,000.00 for the location of: New York, California
• Placement within the range provided above is based on the individual’s relevant experience and skills for the role. Base salary is only one component of our total compensation package. Employees may be eligible for a discretionary bonus, which is determined upon company and individual performance.