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Analyst, Middle Office Trade Management, Derivatives Operations

T. Rowe Price
Baltimore, USA
Full-time
Junior · 2+ years experience
USD 69500-148000 / year
Discovered 4 weeks ago

Full Job Posting

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.

Qualifications

  • Required:
  • Bachelor's degree or the equivalent combination of education and relevant experience AND
  • 2+ years of total relevant work experience
  • Preferred:
  • 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
  • FINRA Requirements FINRA licenses are not required and will not be supported for this role.
  • Work Flexibility This role is eligible for hybrid work, with up to one day per week from home.
  • WHAT TO EXPECT AFTER APPLYING
  • You will receive an email and text message to answer a few questions to verify your eligibility. If you apply for multiple jobs, you will receive separate invitations for each role and will need to respond to each. Estimated Time Commitment: 3-5 minutes
  • If you are eligible, you will be asked to record video responses to introductory questions with our vendor partner, HireVue. Take time to read all instructions carefully before responding. Some questions may require you to respond within a set time limit, or with limited retakes. You can use this opportunity to tell us more about your background and interest than we can learn from a resume alone. Estimated Time Commitment: 20-30 minutes
  • Base Salary Ranges
  • Please review the job posting for the location of this specific opportunity.
  • 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.
  • Commitment to Diversity, Equity, and Inclusion
  • At T. Rowe Price, our associates are our greatest asset. We thrive because our company culture is built on inclusion and because we sustain a work environment where associates can bring their best selves to work every day. The backgrounds, talents, and experiences of our global associates allow us to embrace new ideas and perspectives that move our business priorities forward and enable us to deliver strong client outcomes. Here, you can expect equal opportunity and fair and consistent treatment for all.

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.
  • Featured employee benefits to enrich your life:
  • 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.

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