Analyst, Middle Office Trade Management, Derivatives Operations

T. Rowe Price; Baltimore (MD); Hybrid; USD 80,000 - 108,000; Full time

Benefits offered by this job

Competitive compensation

Annual bonus eligibility

Hybrid work schedule

Health and wellness benefits

Paid time off and volunteering days

Family care resources

Job summary

T. Rowe Price seeks a MOTM professional within Global Investment Operations to manage books and records for derivatives, private placements, and discretionary trading across the trade lifecycle.

You will coordinate trades, settlements, and reconciliations, support complex products, and drive process improvements with outsourced providers while maintaining strong control standards.

Qualifications

• Bachelor's degree or the equivalent combination of education and relevant experience.
• 2+ years of total relevant work experience.

Responsibilities

• Coordinate the processing of portfolio transactions, ensuring activities are accurate, timely, and compliant with policies.
• Identify quality, accuracy, or compliance deficiencies and take corrective action to resolve issues and mitigate risk.
• Guide less experienced peers and support staff on error prevention and process execution.
• Partner with operations staff, relationship managers, custodians, and vendors to collect and communicate information affecting accounts and trade activity.
• Respond to cash and trade break queries from internal and external stakeholders and escalate complex issues as needed.
• Prepare settlements, reconciliations, transfers, and related activity instructions.
• Instruct team members on adjustments to books and records to ensure accuracy.
• Drive process improvements to automate tasks, strengthen controls, and reduce risk.
• Support requirements and testing for operational support of new complex products.
• Check third-party reconciliations and support transitions to outsourced provider infrastructure.
• Provide feedback to management and vendors on timeliness and service quality.
• Generate reports and dashboards on operational metrics like error rates and time to resolution.
• Foster a collaborative, control-oriented environment aligned with operational excellence.

Skills

Attention to detail

Communication skills

Problem solving

Prioritization

Education

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

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.

About This Position

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.

Role Summary

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.

Qualifications

• 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.

$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 ex periences 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.