Job Description

Provides oversight and operational support for the administration and settlement of T. Rowe Price bank loans held in a variety of products including, but not limited to, 1940 Act mutual funds, common trusts and collateralized loan obligations (CLOs). Responsible for monitoring daily bank loan settlement activities within ClearPar and on manual documentation, as needed, for LSTA/LMA par and distressed loans. Also responsible for oversight of lifecycle activity (i.e. rate changes, principal/interest payments, etc.) within Wall Street Office (WSO). Coordinates bank loan activity across T. Rowe Price investments, trading, and operations teams. Identifies, drives, and implements process improvement initiatives with a critical focus on risk, control, and scalability. Collaborates with front office personnel, counterparties, trustees, administrative agents and service providers to resolve all trade settlement, interest and position discrepancies. 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 high impact areas and deficiencies.

Qualifications

Required:

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

Preferred:

• 2+ years of total relevant work experience within Investment Management, Asset Management or the financial services industry.
• 2+ years of experience supporting Collateralized Loan Obligations (CLOs) strongly preferred
• 2+ years of experience supporting bank loan administration and/or trade settlement preferred
• Familiarity with both Wall Street Office (WSO) and ClearPar a plus
• 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.

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 one day per week from home.

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).