Job Information
T. Rowe Price Analyst, Derivatives Trade Support in Baltimore, Maryland
There is a place for you at T. Rowe Price to grow, contribute, learn, and make a difference. We are a premier asset manager focused on delivering global investment management excellence and retirement services that investors can rely on today and in the future. The work we do matters. We invite you to explore the opportunity to join us and grow your career with us.
Analyst, Middle Office Trade Management, contributes to a team overseeing the core trade management functions for the firm and client. The position involves working with the outsource provider, front office business partners and clients, as well as other operational teams to ensure risk is managed daily. This role requires a can-do attitude and an unwavering desire to continue to uplift and improve the status quo through process improvement and support of new products. A strong candidate identifies, drives, and implements process improvement initiatives with a critical focus on risk, control, and scalability.
Role Summary:
Contributes to trade management processes and supporting functions across derivatives, private placements, and discretionary trading. Anticipates, identifies, and implements enhancements to the firms processes for efficient and well controlled processes, including those of our outsourced providers. Works independently with direct accountability to sets of products and accounts.
Responsibilities:
Supports derivatives trading and lifecycle events, private placements, and discretionary trading within the Middle Office Trade Management team.
Coordinates Middle Office Trade Management activities and oversight with our outsourced provider, including transfers, settlements, redemptions, counterparty reconciliations, and controls for internal and external accounts.
Identifies, drives, and implements process improvement initiatives to drive uplift and value add.
Partners with internal global stakeholders, clients and vendors to support the go-live of new accounts and investment products.
Enhances process documentation as needed. Trains and guides less experienced peers and support staff on preventing errors and interpreting process controls. Collaborate with leadership to develop, implement, or refine operating processes and controls.
Works independently, receives minimal guidance, but is willing to accept feedback and suggestions. Acts as a resource for and key external stakeholders on broad-ranging projects.
Digs into the detail as needed to ensure ongoing knowledge and client service to the Front Office business partners and other internal/external clients.
Partners with our client service teams to review/meet client requirements and due diligence requests.
Follows established controls, checks and validates third-party reconciliations; provides feedback on third-party performance and quality to management.
Works with clients and internal stakeholders to prepare account outsourcing plans; stewards account transition process to the end-state infrastructure of outsourced providers. Analyzes report metrics and develops recommendations to address deficiencies.
Typical Qualifications:
Bachelor's degree or the equivalent combination of education and relevant experience AND
2+ years of relevant work experience
Preferred Qualifications:
Investment Management, Asset Management, or Financial Services industry experience strongly preferred
Derivatives expertise preferred
Existing Private Placement knowledge a plus
3+ years of relevant work experience
Regional Requirements: FINRA licenses are not required for this role and will not be supported.
Work Flexibility: This role is eligible for remote work up to two days a week.
Applicants for employment in the U.S. must have work authorization that does not now or in the future require sponsorship of a visa for employment authorization in the United States (e.g., H1-B visa, F-1 visa (OPT), TN visa or any other non-immigrant work status) .
Commitment to Diversity, Equity, and Inclusion:
We strive for equity, equality, and opportunity for all associates. When we embrace the power of diversity and create an environment where people can bring their authentic and best selves to work, our firm is stronger, and we create greater value for our clients. Our commitment and inclusive programming aim to lift the experience for each associate and builds allies for our global associate community. We know that a sense of belonging is key not only to your success at the firm, but also to your ability to bring your best each day.
Benefits: We invest in our people through a wide range of programs and benefits, including:
Competitive pay and bonuses as well as a generous retirement plan and employee stock purchase plan with matching contributions
Flexible and remote work opportunities
Health care benefits (medical, dental, vision)
Tuition assistance
Wellness programs (fitness reimbursement, Employee Assistance Program)
Our policies may change as our working lives evolve. Yet, our commitment to supporting our associates’ well-being and addressing the needs of our clients, business, and communities is unwavering.
T. Rowe Price is an equal opportunity employer and values diversity of thought, gender, and race. We believe our continued success depends upon the equal treatment of all associates and applicants for employment without discrimination on the basis of race, religion, creed, color, national origin, sex, gender, age, mental or physical disability, marital status, sexual orientation, gender identity or expression, citizenship status, military or veteran status, pregnancy, or any other classification protected by country, federal, state, or local law.
T. Rowe Price is an asset management firm focused on delivering global investment management excellence and retirement services that investors can rely on–now, and over the long term.
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