Middle Office Exchange - Traded Funds (ETFs) Sr. Analyst

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

Leads or assists with Reconciliation and/or oversight for the Investment Book or Record and any associated tasks for the maintenance and launch of T. Rowe Price's ETF business. Directly administers and processes the books and records for the ETFs to ensure accurate IBOR accounting. Coordinates, checks, and validates security transfers and reconciliations. Utilizes technical and operational knowledge to resolve complex operating and account issues that often involve multiple internal groups or external parties. Manages relationships with internal partners and BNYM as our Service Provider. Identifies, drives, and implements process improvement initiatives with a critical focus on risk, control, and scalability. Works under minimal supervision with direct accountability for a set of Workflows and administrative process.

Requires in-depth knowledge and expertise in ETFs and working knowledge of related disciplines.  Leads projects or work streams within broader Middle Office initiatives.  Accountable for work of self and sometimes others, provides process and standard advice in area of specialty.  Works independently and acts as a resource for colleagues with less experience. 

Role Summary

This position requires that the incumbent has a deep knowledge of operating procedures, understanding and acute awareness of key areas of ETF processing.  The candidate will expect to build out the ability to effectively navigate the T. Rowe Price (TRP) organization to resolve issues in a timely and sensitive manner, working across Front-Office, Middle Office and outsourced service providers to ensure proper support and remediation for any issues pertaining to the funds. Managing competing priorities in the Production environment, with an ability to switch seamlessly between tasks quickly is vital for success in this role. Additionally, this position has responsibility for providing input and support to projects as the subject matter expert. Works under general supervision and will have direct accountability for a set of Workflows and processes. Drives process improvement initiatives and manages more advanced processes and questions elevated from internal partners.

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. 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. 
• Prepares documentation for settlements, reconciliations, security transfers, etc. Instructs adjustments required for the Investment Book of Record and performs a final quality review, confirming resolution. 
• Following established controls, checks and validates third-party reconcili