Senior Analyst, Middle Office – Bank Loan Operations

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

• Provides oversight and operational support for the administration and settlement of T. Rowe Price bank loans held in a variety of products including, but not limited to, 1940 Act mutual funds, common trusts and collateralized loan obligations (CLOs).  Responsible for monitoring daily bank loan settlement activities within ClearPar and on manual documentation, as needed, for LSTA/LMA par and distressed loans.  Also responsible for oversight of lifecycle activity (i.e. rate changes, principal/interest payments, etc.) within Wall Street Office (WSO). Coordinates bank loan activity across T. Rowe Price investments, trading, and operations teams.  Serves as the primary point of escalation for bank loan trade settlement and position discrepancies.  Collaborates with front office personnel, counterparties, administrative agents and service providers to resolve all trade settlement, interest and position discrepancies.  Works under minimal supervision with direct accountability for daily bank loan operations.

Responsibilities

• Administers a broad range of portfolio transactions, ensuring proper controls and validations are in place and that activities are accurate and compliant.  Identifies quality, accuracy, or compliance deficiencies and corrects them.  Guides less experienced peers and support staff on preventing errors and interpreting process controls
• Serves as a primary liaison between securities operations staff, relationship managers, portfolio managers, custodians, and clients to collect, analyze, and communicate information that impacts accounts.  Fields and manages queries from internal or external clients and follows through to resolution.
• Oversees daily bank loan settlements and loan administration activities across investments, trading, and operations teams.  Works closely with service providers to ensure daily bank loan trades are successfully settled and loan lifecycle activities are processed in a timely manner.
• Oversees Trustee reporting, indenture compliance, waterfall payments, etc. for CLOs. 
• Monitors cash and position discrepancies and works closely with counterparties, service providers, and risk management to escalate and resolve in a timely manner.
• Acts as the primary point of escalation for bank loan discrepancies and service exceptions.  Directs service providers to address exceptional bank loan issues impacting BAU.
• Contributes as a bank loan operations SME, and leads bank loan projects spanning industry initiatives, new product launches, and process improvements.
• Analyzes report metrics and develops recommendations to address deficiencies.
• Opportunities are available to work directly with external clients and internal stakeholders across client service, distribution, and the front office on meaningful projects that have potential to significantly mitigate risk and impact the bottom line.

Qualifications

Required:

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

Preferred:<