Senior ETF Analyst - ETF Trading Solutions (Fixed Income)

Troweprice; Baltimore (MD); On-site; USD 95,000 - 125,000; Full time

Job summary

T. Rowe Price is seeking an ETF Analyst to support pre- and post-trade analyses for PM activity, with a focus on ETF mechanics, tax lots, and scalable data solutions.

You will partner with Portfolio Managers, Traders, Tax, and Analytics teams to identify opportunities, improve after-tax outcomes, and reduce transaction costs across investment vehicles.

Collaborative data governance and scalable process development are central to this role within a globally respected asset manager.

Qualifications

• Experience with ETF mechanics and tax considerations.
• Strong data analysis and communication skills.
• Experience with programming and data engineering.

Responsibilities

• Data Analysis and Insight Communication: analyze PM trade ideas for effective ETF implementation; synthesize security data, transaction costs, tax lots, and stakeholder feedback.
• Subject Matter Expertise: advise on ETF data governance and roadmap; assist with prioritization.
• Communication and Spokesperson: convey ETF data plans and roadmaps to stakeholders; produce clear reports and presentations.
• Growth in Role: potential ownership of ETF Data governance and long-term platform success.

Skills

Data analysis

R programming

Python

C/C++

CI/CD

Docker

GitLab

Statistics

Linear optimization

Tools

R

Python

C/C++

Docker

GitLab

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, y ou can expect opportunities to create real impact at work and in your community. Y ou'll enjoy resources to support your career path, a s well as compensation , benefits , and flexibility to enrich your life. Here, you'll find a collaborative culture that respect s and valu e s differences and colleagues who share a spirit of generosity .

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

About the Team

ETF Trading Solutions supports the facilitation of primary market activity, facilitates tax efficient trading strategies and provides implementation support for T. Rowe Price's ETFs. The team coordinates across a broad set of business partners to ensure that our ETFs operate efficiently and that our platform is structured appropriately to scale.

Role Summary

The ETF Analyst supports the pre-and-post-trade analyses of PM activity within the ETF to leverage the ETF vehicle's capabilities to their fullest extent. This requires expertise in ETF mechanics (Create/Redeem activity, basketing, spreads, premium/discounts, INAVs), a thorough understanding of tax lots and tax lot harvesting, and a basic grasp of tax nuances related to securities (PFICs, tax straddles, 1256 contracts, etc.). Achieving efficient, scalable support for our ETFs requires good quantitative and data engineering skills and experience with programming (R and ideally another language, such as Python or C/C++), CI/CD (Docker and Gitlab), and statistics and linear optimization.

In addition to supporting ETF implementation, the role contributes to the continued expansion of tax-efficient trading solutions across mutual funds, including the development and implementation of Redemption In Kind (RIK) capabilities. The analyst partners with Portfolio Managers, Traders and Tax to identify opportunities to improve after-tax outcomes, reduce transaction costs and develop scalable implementation processes that can be leveraged across investment vehicles.

A significant component of successful ETF implementation, and thus of this role, is building and overseeing the data foundations required to support T. Rowe's ETFs. The ETF Analyst provides a point of coordination as well as technical and analytical support across the investment organization, working with multiple stakeholder teams within both Technology and the Business (Portfolio Management, Trading, Investment & Trading Solutions, ETF Capital Markets, Operations, Compliance) to scope and prioritize projects supporting the delivery of the ETF data strategy. Focus is on driving scale, reducing implementation risk and expanding ETF capabilities while working cross functionally and leveraging T. Rowe's collaborative culture.

Responsibilities

Data Analysis and Insight Communication:

• Efficiently analyze PM trade ideas for optimal implementation method leveraging the unique capabilities of ETFs.
• Synthesize security data (volatility, liquidity), transaction cost data, tax lot data, and feedback from Traders, ETF Capital Markets Specialists, Portfolio Investment Analysts, Portfolio Managers, and Trading Analytics Associates to refine implementation strategies.
• Use a combined knowledge of computer science and applications, modelling, statistics, analytics and math to solve problems.
• Clearly communicate insights to Investment Staff and additional stakeholders when requested.

Subject Matter Expertise:

• Opine on ETF data governance improvements and represent ETF Trading Solutions' roadmap. Assist with project and workstream prioritization.
• Participate in industry events, bringing knowledge and information back to team.
• Maintain subject matter expertise by participating in relevant professional and industry bodies.

Communication and Spokesperson:

• Communicate strategic ETF data plan and roadmap to all stakeholders.
• Create clear, concise, high-quality communications and presentations for internal and external clients.
• Actively share knowledge and best practices across the platform.
• Demonstrating a respect for ideas and suggestions made by others.

Growth in Role: ETF Data Strategy and Governance:

• As the associate grows in the role, there is an opportunity to apply subject matter expertise and data mastery to more strategic oversight and ultimately ownership of ETF Data governance, a critical component of the ETF platform's long-term success.
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