Associate Analyst, Middle Office

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 the Role

Leads or supports reconciliation and oversight of the Investment Book of Record, independently managing complex accounts and workflows with minimal supervision. The role coordinates and validates security transfers and reconciliations, resolves complex operational issues across internal and external parties, manages relationships with business partners and BNYM, and drives scalable process improvements focused on risk and controls. It requires deep subject-matter expertise, knowledge of related disciplines, leadership of Middle Office projects or workstreams, and the ability to advise and support less-experienced colleagues.

Role Summary

This position requires deep knowledge of operating procedures, a strong understanding of key risks, and the ability to navigate the organization effectively to resolve issues in a timely and thoughtful manner. Success in the role requires managing competing priorities in a production environment and shifting seamlessly between tasks. The incumbent works under general supervision, with direct accountability for assigned workflows and processes, serves as a subject matter expert on projects, drives process improvement initiatives, and manages complex processes and issues escalated by internal partners

Responsibilities

• Process and oversee portfolio transactions, ensuring appropriate controls, accuracy, and compliance while escalating or correcting identified issues.

• Serve as a liaison among operations teams, relationship managers, portfolio managers, custodians, vendors, and clients to communicate account information and resolve inquiries.

• Validate third-party reconciliations, support or conduct account transitions to outsourced-provider platforms, and provide feedback on service quality and timeliness.

• Analyze operational metrics, identify control or process deficiencies, recommend improvements, and guide less-experienced colleagues on procedures and error prevention

Qualifications

Required:

• Bachelor's degree or the equivalent combination of education and relevant experience AND

• 1+ years of total relevant work experience

Preferred:

• Prior experience with Middle Office reconciliation, security Transfers, and other operational activities.

• 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, AI tools).

• 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 opportunities.

• Adept at managing complex issues and identifying alternative solutions

Applicants for employment in the US must have work authorization that does not now or in the future require sponsorship of a visa for employment authorization in the United States (e.g., H1-B visa, F-1 visa (OPT), TN visa or any other non-immigrant work status).

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 one day per week from home.

Base Salary Ranges

Please review the job posting for the location of this specific opportunity.

$59,000.00 - $94,500.00 for the location of: Maryland, Colorado, Washington and remote workers $61,000.00 - $104,000.00 for the location of: Washington, D.C. $69,500.00 - $118,000.00 for the location of: New York, California

Placement within the range provided above is based on the individual’s relevant experience and skills for the role. Base salary is only one component of our total compensation package. Employees may be eligible for a discretionary bonus, which is determined upon company and individual performance.

Commitment to Diversity, Equity, and Inclusion

At T. Rowe Price, our associates are our greatest asset. We thrive because our company culture is built on inclusion and because we sustain a work environment where associates can bring their best selves to work every day. The backgrounds, talents, and experiences of our global associates allow us to embrace new ideas and perspectives that move our business priorities forward and enable us to deliver strong client outcomes. Here, you can expect equal opportunity and fair and consistent treatment for all.

Benefits

We value your goals and needs, at work and in life. As an associate, you’ll be supported with resources, benefits, and work-life balance so you can thrive in ways that matter to you.

Featured employee benefits to enrich your life:

• Competitive compensation

• Annual bonus eligibility

• A generous retirement plan

• Hybrid work schedule

• Health and wellness benefits, including online therapy

• Paid time off for vacation, illness, medical appointments, and volunteering days

• Family care resources, including fertility and adoption benefits

Learn more about our benefits.

T. Rowe Price is an equal opportunity employer and values diversity of thought, gender, and race. We believe our continued success depends upon the equal treatment of all associates and applicants for employment without discrimination on the basis of race, religion, creed, color, national origin, sex, gender, age, mental or physical disability, marital status, sexual orientation, gender identity or expression, citizenship status, military or veteran status, pregnancy, or any other classification protected by country, federal, state, or local law.