Junior Trader, Equity Capital Markets

T Rowe Price; Baltimore (MD); Presencial; USD 85 000 - 120 000; Tempo integral

Resumo da oferta

T. Rowe Price in Baltimore seeks an Equity Capital Markets Analyst to support the Head of ECM in identifying, evaluating, and executing public equity transactions across the firm's portfolios.

You will analyze issuance opportunities and help coordinate process from inception to execution. You will partner with portfolio managers, research analysts, traders, banks, and sponsors to provide timely market insights, build external relationships, and participate in IPOs, follow-ons, block trades, and

Qualificações

• Bachelor's degree required.
• 1–3 years in equity capital markets or related financial services role.
• Strong analytical and quantitative skills; ability to synthesize complex information.

Responsabilidades

• Evaluate and execute public equity transactions from announcement to settlement.
• Identify equity capital markets opportunities through market monitoring and issuer activity.
• Gather and synthesize market intelligence on IPOs, follow-ons, and other equity offerings.
• Develop and maintain relationships with investment banks, sponsors, and internal teams to improve access to opportunities.
• Coordinate indications of interest, order communications, and allocations with bookrunners.
• Analyze valuation, pricing, investor demand, and aftermarket performance to inform participation decisions.
• Produce internal commentary on market activity and notable transactions.
• Maintain transaction analytics and data integrity across internal systems.
• Suggest workflow improvements to enhance efficiency of ECM activities.
• Collaborate with cross-functional partners to ensure effective transaction execution.
• Contribute to strategic initiatives to strengthen ECM platform and market relationships.

Conhecimentos

Equity capital markets

Financial analysis

Equity valuation

Analytical thinking

Written & verbal communication

Relationship building

Problem solving

Formação académica

Bachelor's degree in Finance, Economics or related

CFA designation or progress toward completion

MBA or related advanced degree (plus)

Ferramentas

Bloomberg

FactSet

Capital Markets Gateway (CMG)

Python

SQL

VBA

Power BI

Excel

PowerPoint

Descrição da oferta de emprego

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.

Role Summary

The Equity Capital Markets Analyst role will support the Head of Equity Capital Markets in identifying, evaluating, and executing public equity capital markets transactions across the firm's investment portfolios. The role encompasses the full spectrum of public equity issuance, including initial public offerings (IPOs), follow-on offerings, block trades, convertible offerings, accelerated transactions, and other public equity financing events.

Partnering closely with portfolio managers, research analysts, traders, investment banks, and financial sponsors, the Junior Trader will serve as a key resource for market intelligence, transaction execution, and relationship management. Success in this role requires developing trusted external relationships, identifying emerging equity capital markets opportunities, and delivering timely market insights that enhance the firm's investment process.

This position offers significant exposure to institutional investing and provides a clear path toward becoming an independent equity capital markets professional with increasing responsibility for external relationships, market intelligence, and transaction execution.

Responsibilities

• Participate in the evaluation and execution of public equity capital markets transactions from announcement through settlement, ensuring timely coordination across internal and external stakeholders.
• Proactively identify emerging equity capital markets opportunities by monitoring issuer activity, ownership changes, lock-up expirations, sponsor monetization trends, and broader market developments, delivering actionable insights to portfolio managers, research analysts, and traders.
• Gather, analyze, and synthesize market intelligence on IPOs, follow-on offerings, block trades, convertible offerings, and other equity capital markets activity, communicating timely insights that support investment decisions and transaction participation.
• Develop and cultivate trusted relationships with investment bank Equity Capital Markets and Syndicate professionals, as well as financial sponsors, to enhance market intelligence, improve access to investment opportunities, and strengthen the firm's position in public equity capital markets.
• Coordinate indications of interest, order communication, and allocation discussions with bookrunners throughout the transaction lifecycle.
• Analyze transaction valuation, pricing, investor demand, allocations, and aftermarket performance to provide investment insights and support future participation decisions.
• Produce regular internal commentary on equity capital markets activity, notable transactions, and emerging market trends for portfolio managers, research analysts, and traders.
• Develop and maintain transaction analytics, including allocation history, participation trends, bank scorecards, aftermarket performance, and other metrics that strengthen the firm's Equity Capital Markets capabilities.
• Maintain accurate transaction records and ensure data integrity across internal systems and reporting processes.
• Identify opportunities to improve workflows, reporting, analytics, and automation to enhance the efficiency and scalability of the Equity Capital Markets function.
• Collaborate closely with portfolio managers, research analysts, traders, legal, compliance, operations, and other internal partners to ensure seamless transaction execution and effective communication.
• Contribute to strategic initiatives that strengthen the firm's Equity Capital Markets platform, expand market relationships, and enhance the investment team's access to differentiated investment opportunities.

Qualifications

Required:

• Bachelor's degree.
• 1–3 years of experience in equity capital markets, investment banking, sales & trading, investment management, equity research, or another related financial services role.
• Demonstrated interest in equity capital markets and public equity investing.
• Strong understanding of financial markets, corporate finance, and equity valuation concepts.
• Excellent analytical, quantitative, and problem‑solving skills with the ability to synthesize complex information into actionable investment insights.
• Exceptional organizational skills and attention to detail, with the ability to manage multiple priorities in a fast‑paced environment.
• Strong written and verbal communication skills.
• Demonstrated ability to build and maintain productive relationships with both internal stakeholders and external market participants.
• High level of professionalism, integrity, and sound judgment.
• Self‑motivated, intellectually curious, and eager to continuously learn.
• Advanced proficiency in Microsoft Excel and PowerPoint.

Preferred:

• Bachelor's degree in Finance, Accounting, Economics, Mathematics, or a related field.
• CFA designation or progress toward completion; MBA or other advanced degree is a plus.
• Experience evaluating or executing public equity capital markets transactions, including IPOs, follow‑on offerings, block trades, or convertible offerings.
• Experience with Bloomberg, FactSet, Capital Markets Gateway (CMG), or other financial market and equity capital markets platforms.
• Experience with data analysis tools such as VBA, Python, SQL, Power BI, or similar technologies.

Core Competencies

• Equity Capital Markets Knowledge
• Market Analysis & Investment Insight
• Relationship Management
• Communication & Collaboration
• Analytical Thinking
• Attention to Detail
• Initiative & Intellectual Curiosity