<div>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. </div><div>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.  </div><div>Join us for the opportunity to grow and make a difference in ways that matter to you. </div>Role SummaryProvides 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<ul><li>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.</li><li>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. </li><li>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.</li><li>Oversees Trustee reporting, indenture compliance, waterfall payments, etc. for CLOs. </li><li>Monitors cash and position discrepancies and works closely with counterparties, service providers, and risk management to escalate and resolve in a timely manner.</li><li>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.</li><li>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.</li><li>Analyze report metrics and develops recommendations to address high impact areas and deficiencies. </li></ul>QualificationsRequired:<ul><li>Bachelors degree or the equivalent combination of education and relevant experience AND</li><li>2+ years of total relevant work experience</li></ul>Preferred:<ul><li>2+ years of total relevant work experience within Investment Management, Asset Management or the financial services industry. </li><li>2+ years of experience supporting Collateralized Loan Obligations (CLOs) strongly preferred</li><li>2+ years of experience supporting bank loan administration and/or trade settlement preferred</li><li>Familiarity with both Wall Street Office (WSO) and ClearPar a plus</li><li>Strong technical skills – in depth knowledge of systems, processes, or function (i.e., Excel Power query, SQL or similar).</li><li>Demonstrated ability to manage competing priorities and deadlines.</li><li>Demonstrated ability to collaborate in a team environment and build strong relationships with internal Partners.</li><li>Demonstrated drive to proactively initiate process improvement.</li><li>Adept at managing complex issues and identifying alternative solutions.</li></ul>FINRA RequirementsFINRA licenses are not required and will not be supported for this role.Work FlexibilityThis 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).Base Salary RangesPlease review the job posting for the location of this specific opportunity.$68,000.00 - $116,000.00 for the location of: Maryland, Colorado, Washington and remote workers $74,500.00 - $127,000.00 for the location of: Washington, D.C. $85,000.00 - $145,000.00 for the location of: New York, CaliforniaPlacement 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 InclusionAt 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<div><div>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.   </div><div>  </div><div>Featured employee benefits to enrich your life:   </div><div><ul><li>Competitive compensation  </li></ul></div><div><ul><li>Annual bonus eligibility  </li></ul></div><div><ul><li>A generous retirement plan  </li></ul></div><div><ul><li>Hybrid work schedule  </li></ul></div></div><div><div><ul><li>Health and wellness benefits, including online therapy  </li></ul></div><div><ul><li>Paid time off for vacation, illness, medical appointments, and volunteering days  </li></ul></div><div><ul><li>Family care resources, including fertility and adoption benefits  </li></ul></div><div>  </div><div><a href="https://www.troweprice.com/corporate/us/en/careers/benefits.html" target="_blank">Learn more about our benefits.</a>  </div><div></div></div><h2>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.</h2>