Analyst, Middle Office - Bank Loan Operations at T. Rowe Price

Baltimore, Maryland, United States

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Not SpecifiedCompensation

Mid-level (3 to 4 years)Experience Level

Full TimeJob Type

UnknownVisa

Asset Management, Investment ManagementIndustries

Requirements

Works under general supervision with direct accountability for daily bank loan operations
Handles more advanced processes and questions elevated from less experienced staff
Answers standard questions from internal or external clients, escalating more complex problems

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, trustees, 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 a point of contact for bank loan discrepancies and service exceptions. Works with management to direct service providers to address exceptional bank loan issues impacting BAU
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

Skills

Key technologies and capabilities for this role

ClearParWall Street OfficeLSTALMABank Loan SettlementCLOs1940 Act Mutual FundsProcess ImprovementRisk ManagementLifecycle Management

Questions & Answers

Common questions about this position

What benefits does T. Rowe Price offer?

T. Rowe Price provides compensation, benefits, and flexibility to enrich your life, along with resources to support your career path.

Is this a remote position or does it require office work?

This information is not specified in the job description.

What salary can I expect for this Analyst role?

This information is not specified in the job description.

What skills and experience are required for this Middle Office Analyst position?

The role requires experience with bank loan operations including ClearPar, Wall Street Office (WSO), LSTA/LMA par and distressed loans, process improvement initiatives focused on risk and control, and collaboration with front office, counterparties, trustees, and service providers.

What is the company culture like at T. Rowe Price?

T. Rowe Price has a collaborative culture that respects and values differences, with colleagues who share a spirit of generosity.

T. Rowe Price

Global asset management and investment advisory services

About T. Rowe Price

T. Rowe Price provides investment advisory services and retirement solutions to individual investors, financial intermediaries, and institutions. The firm employs a disciplined investment approach supported by extensive research to deliver long-term value. It generates revenue mainly through management fees based on the assets it manages, which amounted to $1.569 trillion as of June 30, 2024. T. Rowe Price serves a wide range of clients, including individual investors, retirement plan sponsors, and institutional investors like endowments and foundations. Its global reach and experienced investment teams enable the firm to offer various investment strategies and products, helping clients achieve their financial goals.

Baltimore, MarylandHeadquarters

1937Year Founded

$78,115.8MTotal Funding

IPOCompany Stage

Quantitative Finance, Financial ServicesIndustries

10,001+Employees

Benefits

Paid Volunteer Time

Parental Leave

Learning & Growth Resources

Matching Charitable Gifts

Health Care Benefits

Generous Retirement Plan

Risks

Increased competition from AI-powered platforms challenges T. Rowe Price's traditional strategies.

Departure of key personnel may impact T. Rowe Price's wealth management capabilities.

High valuations of AI startups could divert capital from traditional asset management firms.

Differentiation

T. Rowe Price offers a comprehensive range of investment strategies across various asset classes.

The firm emphasizes long-term value through disciplined investment and extensive research capabilities.

T. Rowe Price's global reach and diverse client base enhance its market position.

Upsides

Growing interest in AI-driven investment strategies presents new opportunities for T. Rowe Price.

The rise of quantum technology aligns with T. Rowe Price's focus on tech startups.

Collaboration trends in biotech offer potential investment opportunities in genetic medicine.

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