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

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 reconciliations; conducts account transitions to the end-state infrastructure of outsourced providers. May provide feedback to management and third-party vendors on timeliness and quality.
• Analyze report metrics and develops recommendations to address high impact areas and deficiencies. 

Qualifications

Required:

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

Preferred:

• Prior experience with Middle Office reconciliation, security Transfers, ETFs (Exchange Traded Funds), and other operational activities related to maintaining the Investment Book of Record.
• Knowledge of third-party vendor oversight, as well as overall Reconciliation experience.
• Strong technical skills – in depth knowledge of systems, processes, or function (i.e., Excel Power query, SQL or similar).
• Demonstrated ability to manage competing priorities and deadlines.
• Demonstrated ability to collaborate in a team environment and build strong relationships with internal Partners.
• Demonstrated drive to proactively initiate process improvement.
• Adept at managing complex issues and identifying alternative solutions.
• Familiar with ETF basket in-kind support and reconciliation ownership.

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 two days per week from home.