Analyst, Middle Office

T. Rowe Price; Baltimore (MD); Hybrid; USD 70,000 - 118,000; Full time

Benefits offered by this job

Hybrid work schedule

Annual bonus eligibility

Competitive compensation

Health and wellness benefits, online2

Paid time off for vacation, illness, &

Job summary

T. Rowe Price is seeking a motivated Analyst to join the Global Investment Operations (GIO) Middle Office Distribution and Funding (MODF) team supporting Venture Capital portfolios.

This role covers distribution notices, reconciliations, transaction processing, client servicing, and workflow monitoring. The Analyst will work with internal stakeholders and external service providers, driving process improvements, supporting risk controls, and building expertise in distribution operations through

Qualifications

• Bachelor's degree or equivalent combination of education and relevant experience.
• 2+ years of relevant work experience in investment operations, middle office, fund operations, private assets, accounting operations, or financial services.
• Proficiency with Excel and data reconciliation concepts.

Responsibilities

• Support daily processing and monitoring of venture capital distribution workflows, ensuring notices and transactions are reviewed and processed accurately.
• Perform notice review, GP list reconciliations, cash movement verification, exception identification, and issue resolution.
• Follow policies, procedures and controls; escalate issues appropriately.
• Coordinate with global partners to ensure timely follow-up on operational inquiries.
• Respond to day-to-day operational inquiries and develop relationships across teams to support execution.

Skills

Analytical thinking

Attention to detail

Strong communication

Team collaboration

Education

Bachelor's degree or equivalent combination of education and relevant experience

Tools

Microsoft Excel

Job description

At T. Rowe Price, we identify and actively invest in opportunities to help people thrive in an evolving world. As a premier global asset management organization with more than 85 years of experience, we provide investment solutions and a broad range of equity, fixed income, and multi-asset capabilities to individuals, advisors, institutions, and retirement plan sponsors. We take an active, independent approach to investing, offering our dynamic perspective and meaningful partnership so our clients can feel more confident.

We believe doing the right thing for our clients and our associates is good business. With a career at the firm, you can expect opportunities to create real impact at work and in your community. You'll enjoy resources to support your career path, as well as compensation, benefits, and flexibility to enrich your life. Here, you'll find a collaborative culture that respects and values differences and colleagues who share a spirit of generosity.

Join us for the opportunity to grow and make a difference in ways that matter to you.

• Before applying, please note that this position is based in our Baltimore, MD office and requires in-office presence four days per week. Only the Maryland compensation range displayed below applies to this role, regardless of a candidate's current location. Remote work beyond this arrangement and alternative office locations are not available. *

Role Summary

T. Rowe Price is seeking a motivated Analyst to join the Global Investment Operations (GIO) Middle Office Distribution and Funding (MODF) team supporting Venture Capital portfolios. This role supports key operational processes associated with distribution activity, including notice management, reconciliations, transaction processing, client servicing, and workflow monitoring.

We welcome applications from internal associates across departments (including Technology, Compliance, Data, and beyond) whose institutional knowledge and cross-functional experience are highly valued and will directly contribute to the success of our initiatives.

The successful candidate will perform day-to-day operational activities related to venture capital distributions while collaborating with internal stakeholders, external service providers, and clients to support accurate and timely processing. The Analyst will contribute to process improvements, support risk and control activities, and build expertise in distribution operations through hands-on experience and partnership with senior team members.

This position requires strong analytical skills, attention to detail, effective communication, and the ability to manage multiple priorities in a fast-paced environment.

Responsibilities

Distribution Operations & Workflow Execution

• Support the daily processing and monitoring of venture capital distribution workflows, ensuring distribution notices and related transactions are reviewed and processed accurately and timely.
• Perform operational activities including notice review, GP list reconciliations, cash movement verification, exception identification, and issue resolution.
• Follow established policies, procedures, and controls while escalating issues and exceptions appropriately.
• Coordinate with global partners to support effective handoffs, accurate tracking of outstanding items, and timely follow-up on operational inquiries.

Stakeholder Support & Client Service

• Respond to day-to-day operational inquiries from clients, service providers, investment staff, and internal business partners.
• Develop productive working relationships across Middle Office, Investment Operations, Technology, Legal, Compliance, and external business partners to support operational execution.
• Escalate operational risks, service concerns, and workflow issues to senior team members and management as appropriate.

Process Improvement & Operational Support

• Identify opportunities to improve efficiency, reduce risk, and strengthen operational processes and controls.
• Analyze workflow data, exceptions, and operational trends to support recommendations for process enhancements.
• Participate in user testing, system enhancements, automation initiatives, and technology-related projects impacting distribution operations.
• Support business initiatives and operational changes affecting venture capital and private asset servicing activities.

Risk & Control Responsibilities

• Adhere to established operational procedures, governance standards, and regulatory requirements while supporting a strong control environment.
• Assist with audits, control testing, risk assessments, and remediation activities related to distribution operations.
• Investigate processing exceptions and operational breaks, document findings, and support corrective actions.

Knowledge Development & Team Collaboration

• Build expertise in venture capital distribution processes through training, procedural documentation, and hands-on operational experience.
• Contribute to knowledge sharing, cross-training activities, and maintenance of team procedures and documentation.

Qualifications

Required

• Bachelor's degree or the equivalent combination of education and relevant experience
• 2+ years of relevant work experience in investment operations, middle office, fund operations, private assets, accounting operations, or financial services

Preferred

• Working knowledge of reconciliations, transaction processing, cash movements, or exception management.
• Demonstrated ability to follow controlled procedures, identify discrepancies, document findings, and escape issues promptly.
• Proficiency in Microsoft Excel, including formulas, filters, sorting, and data comparison techniques.
• Strong attention to detail, analytical thinking, and organizational skills, with the ability to manage recurring deadlines and competing priorities.
• Clear written and verbal communication skills and the ability to work effectively with colleagues and business partners.
• Experience supporting Venture Capital, Private Equity, Private Assets, or alternative investment products.
• Familiarity with fund accounting, securities processing, custody, or distribution-related cash and asset movements.
• Experience investigating reconciliation breaks or operational exceptions and supporting resolution through established escalation channels.
• Exposure to operational risk and control activities, including procedure maintenance, control testing, audit support, or remediation tracking.
• Experience working with custodians, administrators, brokers, vendors, or other external service providers.
• Exposure to user acceptance testing, workflow automation, operational reporting, or process improvement initiatives.
• Experience creating or maintaining procedures, process maps, checklists, or operational documentation.

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.

Base Salary Ranges

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.

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

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.