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TCA & Market Structure Analyst

Employer
T. Rowe Price
Location
Baltimore, Maryland (US)
Salary
Commensurate with experience
Closing date
Apr 18, 2019

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Job Function
Other
Industry Sector
Asset Management
Employment Type
Full Time
Education
Bachelors
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Job Details

Primary Purpose of the Position:

The TCA & Market Structure Analyst position is an exciting opportunity to support the Equity and Fixed Income Global Trading Teams using both in-house and external/third party systems to performing quantitative trade cost analysis. The TCA & Market Structure Analyst has the responsibility of analyzing pre-trade cost estimates and post-trade analytics, supporting the development and improvement of the overall transaction cost analysis infrastructure, and of providing information to traders, trading management, and clients regarding T. Rowe Price trades. The position will also support additional market structure initiatives as needed.

 

Principal Responsibilities:

  • Apply quantitative, statistical, and data analysis techniques to provide trading performance reports to internal stakeholders
  • Ensure integrity of internal transaction cost measurement systems.  Audit data and liaise with technology partners to improve data and processes
  • Perform ad-hoc pre-trade and post-trade studies for trading management, traders, portfolio managers and external clients
  • Assist with the day-to-day management of the existing Trading Cost Analyst (TCA) framework and its expansion to additional sectors. This effort will include the design and testing of a methodology to calculate trading costs while accounting for different trading protocols, market data availability and data quality
  • Liaise with and evaluate third party TCA vendors

 

Qualifications:

Preferred:

  • Undergraduate degree in a mathematical, quantitative, technological or economics discipline; Master’s Degree or PhD a plus  
  • Knowledge of investments, portfolios, and stock or bond trading; progress towards CFA qualification
  • Demonstrated programming skills in MATLAB, Python or R

Required:

  • Minimum college degree and 2 years of relevant work and/or internship experience
  • Ability to analyze a variety of information, to quickly draw relevant conclusions, and to summarize and communicate results effectively
  • Passionate about contributing to the growth of a developing and evolving function of the business
  • Intellectual curiosity and strong analytic and problem solving skills
  • Excellent communication and interpersonal skills
  • Attention to detail and accuracy, sound judgment
  • Ability to work both independently and as part of a larger team
  • Interest in continuing education and self-improvement
  • Working knowledge and aptitude with SQL

Company

T. Rowe Price, headquartered in Baltimore, Maryland, is an investment management firm offering individuals and institutions around the world investment management guidance and expertise. The T. Rowe Price investment approach strives to achieve superior performance but is always mindful of the risks incurred relative to the potential rewards. Our consistent investment philosophy helps mitigate unfavorable changes and takes advantage of favorable ones. We provide our clients with world-class investment guidance as well as attentive service. Founded in 1937 by Thomas Rowe Price, Jr., the company offers separately managed investment portfolios for institutions and a broad range of mutual funds for individual investors and corporate retirement programs. In founding his firm, Mr. Price followed a very simple business principle: What is good for the client is also good for the firm. Rather than charge a commission, as was then the practice in the securities business, Mr. Price charged a fee based on the assets under management. If the client prospered, so did T. Rowe Price. Mr. Price is best known for developing the growth stock style of investing. Although he was trained as a chemist, he had a passion for investing. Mr. Price believed that investors could earn superior returns by investing in well-managed companies in fertile fields whose earnings and dividends could be expected to grow faster than inflation and the overall economy. The core of Mr. Price’s approach, proprietary research to guide investment selection and diversification to reduce risk, has remained part of the firm’s bedrock principles. Today, growth stock investing is one of the many investment styles the firm currently follows. T. Rowe Price also employs value-oriented, sector-focused, tax-efficient, and quantitative index-oriented approaches in managing mutual funds and institutional portfolios.

Company info
Telephone
410-345-4816
Location
100 East Pratt Street
 Baltimore
MD
21202
US
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