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Job Information

T. Rowe Price Director, Middle Office Control in Baltimore, Maryland

A career at T. Rowe Price says you want to contribute and make a difference at a leading global investment management firm where success results from the dedication our associates have in building success for our clients. We are a growing organization of associates from diverse backgrounds, experiences, and perspectives.We take a long-term view on associates and their careers. Our associates do phenomenal work with purpose, and as a result, we provide growth opportunities through in-person and online training, management development programs, and career development on the job.If you are seeking a meaningful work experience along with a workplace culture that thrives on teamwork, we invite you to explore the opportunity to join us.

Role Summary

The leader of Middle Office (MO) Control will be responsible for the overall control standards across the Middle Office and Investment Liaison (IL) Teams, along with regular oversight of key deliverables from outsource providers. This leader will partner across the MO Lead team to identify risks and ensure plans to mitigate those risks are clear and prioritized through both technology enhancements and process improvements. The Middle Office Control director is responsible for identifying Key Risk Indicators and be a key partner in measuring and prioritizing improvement needs with our outsourced MO providers.

Background

This role will be a direct report of the Global Head of Middle Office which is part of the Global Investment Operations division within the COO division. The MO and IL teams are made up of four sub teams in the US.

  • Investment Liaisons work directly supporting the Portfolio Managers and Investment staff on investment decisions, reporting and client presentations.

  • Post Trade Services focuses on trade support, corporate actions, private placements, security setups, reconciliations, cash movement and oversight of those services that have been outsourced.

  • Derivatives Strategic Operations team focuses on driving the growth of T Rowe’s derivative capabilities and controls.

  • Middle Office Solutions Group is leading large strategic initiatives for the MO, including systems conversions.

Responsibilities

  • Influences control standards across the management team through leadership, strong communication, and intellectual curiosity to drive accuracy and timeliness

  • Accountable for the control standards for Middle Office and Investment Liaison Teams

  • Identifies, develops, drives, and implements strategy for risk measurement, risk reduction, and process improvements using prior experiences and industry best practices

  • Understand Middle Office services that have been outsourced and scrutinize and drive improvements in the oversight of those services

  • Resolve complex operating and account issues among multiple internal groups or external parties

  • Collaborate and enable new product and client capabilities in a controlled manner

  • Partners with cross-functional teams to produce seamless upstream and downstream processes and results

  • Uses advanced communication skills to identify and resolve the most complex situations and ensure acceptable solutions are reached collaboratively

  • Evaluates, selects, and maintains key relationships with third-party providers of services with significant value/impact

  • Measures and holds third-party providers accountable for quality and performance standards within established service-level agreements.

Preferred Qualifications:

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

  • 12+ years of total relevant work experience and 5+ years of managing a Middle Office team or in a senior control role

  • Strategic thinker & problem-solver with proven ability to understand details & actively participate in execution to ensure success.

  • Proven ability to approach strategic execution with commercial decision-making

  • Excellent negotiation skills & ability to influence

  • Excellent verbal and written communication skills

    FINRA licenses are not required and will not be supported for this role .

Job Family: Investment Middle Office - US

Track: Individual Contributor

Level: KM5

T. Rowe Price is committed to providing our associates with a comprehensive total rewards benefit program, including wellness, retirement and quality-of-life benefits. ​ Please view What We Offer (https://www.troweprice.com/corporate/en/careers/what-we-offer.html) to see what's available to you.

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, colour, 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.T. Rowe Price is an asset management firm focused on delivering global investment management excellence and retirement services that investors can rely on–now, and over the long term.

Not ready to apply? Join our Talent Community (https://troweprice.gr8people.com) !

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