T. Rowe Price
Senior Analyst, Middle Office (ETF Operations)
T. Rowe Price, Baltimore, Maryland, United States, 21276
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.
Team Summary:
The Global Middle Office teams, based in Baltimore, Colorado Springs, London, Hong Kong, and Singapore, manage investments through the trade lifecycle and oversee record keeping, working closely with our service providers. This role will be based in the US working closely with the other Middle Office associates as part of a 50+ Middle Office team. The team focuses on activities including, trade support for all products including equity, fixed income, derivatives, Collateral and margin processing, securities lending and cash services, securities and account setup and maintenance, control and risk oversight.
Role Summary:
Leads the oversight of trade management responsibilities for ETF Operations and associated tasks. Utilizes technical and operational knowledge to resolve complex operating and accounting issues that often involve multiple internal groups or external parties. Responsible for facilitating front to back Operations process of the ETF trade lifecycle, including working with traders on booking through to final settlement, and facilitate issue resolution across teams. Manages relationships with third-party vendors. Works with the team in developing operational goals that are aligned with functional strategy. Identifies, drives, and implements process improvement initiatives with a critical focus on risk, control, and scalability.
Responsibilities:
Directs a broad range of trade management and portfolio services activities enabled by an internal control environment that produces industry-leading accuracy and timeliness.
Leverages deep ETF knowledge, overall Equity and Fixed Income trade support expertise, and knowledge of the broader industry environment and client account trends to optimize operations and lead/execute changes in processes, protocols, and/or technologies to support an improved client experience.
Navigates and resolves complex situations and ensures alignment with Senior Management’s priorities; negotiates and facilitates a resolution to significant operational roadblocks, leveraging established relationships with key stakeholders and other regions. Manages relationships with third-party providers, ensuring quality and performance standards are met and holding them accountable to established service-level agreements. Provides recommendations on the selection of third-party providers. Oversees large-scale transitions to the end-state infrastructure of outsourced providers.
Demonstrate excellent communication and problem-solving skills to work independently and provide solutions to clients, third-party vendors, and internal team inquiries.
Manages processes and provides guidance to teams on the implementation of new policies to follow regulations. Supports a world-class portfolio services internal control environment that produces industry leading accuracy and timeliness. Develops and leads cross-departmental and cross-divisional initiatives designed to improve accuracy, generate efficiencies, and reduce risk.
Following 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
5+ years of total relevant work experience
Preferred Qualifications:
Experience with Middle Office ETF Operations or Specialist role including:
3+ years of ETF operations experience strongly preferred
3+ years of Derivatives/Collateral management experience within ETFs strongly preferred
Knowledge of the ETF product and the mechanics of its trading lifecycle, including but not limited to the overall create redeem business, collateral management, settlements, clearing, reconciliations
Knowledge of third-party vendor oversight, as well as overall Trade Support experience
Leadership, self-motivated, and demonstrated examples of value-add activities
Strong technical skills – in depth knowledge of systems, processes or function (i.e. Charles River IMS, SQL or similar)
Demonstrated ability to manage competing priorities and deadlines
Demonstrated ability to collaborate in a team environment and build strong relationships with Front Office.
Demonstrated initiative to proactively initiate process improvement opportunities
Adept at managing complex issues, identifying alternative solutions and recommendation
Strong written and verbal communication skills
FINRA Requirements
FINRA licenses are not required and will not be supported for this role.
Work Flexibility
This role is eligible for hybrid work up to two days a week.
Applicants for employment in the US 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).
Base salary ranges:
$103,500.00 - $177,000.00 for the location of: California, New York
$91,000.00 - $155,500.00 for the location of: Washington, D.C
$83,000.00 - $141,000.00 for the location of: Colorado, Maryland, Washington and all other US locations
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.
This job posting is expected to be available until:
12/30/2024
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 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. (https://www.troweprice.com/corporate/us/en/careers/benefits.html)
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.
Team Summary:
The Global Middle Office teams, based in Baltimore, Colorado Springs, London, Hong Kong, and Singapore, manage investments through the trade lifecycle and oversee record keeping, working closely with our service providers. This role will be based in the US working closely with the other Middle Office associates as part of a 50+ Middle Office team. The team focuses on activities including, trade support for all products including equity, fixed income, derivatives, Collateral and margin processing, securities lending and cash services, securities and account setup and maintenance, control and risk oversight.
Role Summary:
Leads the oversight of trade management responsibilities for ETF Operations and associated tasks. Utilizes technical and operational knowledge to resolve complex operating and accounting issues that often involve multiple internal groups or external parties. Responsible for facilitating front to back Operations process of the ETF trade lifecycle, including working with traders on booking through to final settlement, and facilitate issue resolution across teams. Manages relationships with third-party vendors. Works with the team in developing operational goals that are aligned with functional strategy. Identifies, drives, and implements process improvement initiatives with a critical focus on risk, control, and scalability.
Responsibilities:
Directs a broad range of trade management and portfolio services activities enabled by an internal control environment that produces industry-leading accuracy and timeliness.
Leverages deep ETF knowledge, overall Equity and Fixed Income trade support expertise, and knowledge of the broader industry environment and client account trends to optimize operations and lead/execute changes in processes, protocols, and/or technologies to support an improved client experience.
Navigates and resolves complex situations and ensures alignment with Senior Management’s priorities; negotiates and facilitates a resolution to significant operational roadblocks, leveraging established relationships with key stakeholders and other regions. Manages relationships with third-party providers, ensuring quality and performance standards are met and holding them accountable to established service-level agreements. Provides recommendations on the selection of third-party providers. Oversees large-scale transitions to the end-state infrastructure of outsourced providers.
Demonstrate excellent communication and problem-solving skills to work independently and provide solutions to clients, third-party vendors, and internal team inquiries.
Manages processes and provides guidance to teams on the implementation of new policies to follow regulations. Supports a world-class portfolio services internal control environment that produces industry leading accuracy and timeliness. Develops and leads cross-departmental and cross-divisional initiatives designed to improve accuracy, generate efficiencies, and reduce risk.
Following 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
5+ years of total relevant work experience
Preferred Qualifications:
Experience with Middle Office ETF Operations or Specialist role including:
3+ years of ETF operations experience strongly preferred
3+ years of Derivatives/Collateral management experience within ETFs strongly preferred
Knowledge of the ETF product and the mechanics of its trading lifecycle, including but not limited to the overall create redeem business, collateral management, settlements, clearing, reconciliations
Knowledge of third-party vendor oversight, as well as overall Trade Support experience
Leadership, self-motivated, and demonstrated examples of value-add activities
Strong technical skills – in depth knowledge of systems, processes or function (i.e. Charles River IMS, SQL or similar)
Demonstrated ability to manage competing priorities and deadlines
Demonstrated ability to collaborate in a team environment and build strong relationships with Front Office.
Demonstrated initiative to proactively initiate process improvement opportunities
Adept at managing complex issues, identifying alternative solutions and recommendation
Strong written and verbal communication skills
FINRA Requirements
FINRA licenses are not required and will not be supported for this role.
Work Flexibility
This role is eligible for hybrid work up to two days a week.
Applicants for employment in the US 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).
Base salary ranges:
$103,500.00 - $177,000.00 for the location of: California, New York
$91,000.00 - $155,500.00 for the location of: Washington, D.C
$83,000.00 - $141,000.00 for the location of: Colorado, Maryland, Washington and all other US locations
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.
This job posting is expected to be available until:
12/30/2024
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 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. (https://www.troweprice.com/corporate/us/en/careers/benefits.html)
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.