Senior Analyst, ETF Capital Markets - Implementation and ETF Data Ownership
T. Rowe Price · GB
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About the Role
The ETF Analyst is an investment implementation and data ownership role within ETF Trading Solutions. The analyst supports pre- and post-trade analysis of Portfolio Manager activity to leverage ETF capabilities and serves as a business owner for the data enabling ETF trading, primary-market activity, portfolio implementation, and oversight.
Responsibilities
- Analyze Portfolio Manager trade ideas and portfolio activity to determine efficient implementation methods that leverage the unique capabilities of ETFs.
- Synthesize security characteristics, liquidity and volatility data, transaction-cost analysis, tax-lot information and input from various teams to refine implementation strategies.
- Support creation/redemption and basket-related analysis, including the evaluation of primary- versus secondary-market implementation and opportunities to improve tax efficiency and reduce transaction costs.
- Contribute to the development and implementation of tax-efficient trading solutions across investment vehicles, including mutual-fund RIK capabilities.
- Apply modelling, statistics, optimization and programming to solve investment implementation problems and automate repeatable analytical workflows.
- Act as a business data owner/domain owner for ETF Trading Solutions, with accountability for the fitness, usability and appropriate governance of critical ETF data used in investment and trading workflows.
- Define and maintain business definitions, data requirements, critical data elements, ownership and stewardship expectations, lineage needs, quality standards and control requirements for ETF data domains.
- Establish and monitor data-quality measures and controls; investigate exceptions, coordinate root-cause analysis and drive remediation with Technology, Operations, vendors and other data-producing teams.
- Own the business prioritization of ETF data defects, enhancements and strategic initiatives, balancing investment impact, operational risk, scalability and platform growth.
- Represent ETF Trading Solutions in data governance forums and ensure business decisions, standards and ownership are clearly documented and communicated.
- Partner with Technology to develop and evolve the ETF data strategy, target data model, APIs and reusable data services, with clear business acceptance criteria and validation of delivered solutions.
- Identify opportunities to simplify, standardize and automate data acquisition, transformation, validation and distribution, reducing manual intervention and implementation risk.
- Ensure new ETF products and capabilities have appropriate data readiness, controls and operating ownership before launch and as they scale.
- Build and maintain analytical tools and data pipelines supporting ETF implementation, monitoring and decision-making.
- Lead the business design and implementation of a scalable ETF reconciliation/data-quality platform, working with our Technology partners to build out the supporting tooling, controls, and exception workflows.
- Work effectively with APIs, relational databases and structured data formats to extract, transform, validate and integrate data across investment workflows.
- Use programming and modern development practices to create robust, maintainable solutions, including testing, version control and CI/CD where appropriate.
- Translate investment and trading requirements into clear specifications for Technology and partner teams, and participate in solution design, testing and implementation.
- Develop metrics and management information that make data quality, process health, implementation outcomes and platform scalability visible to stakeholders.
- Serve as a subject matter expert on ETF implementation and ETF data, connecting investment, trading, operational and technology perspectives.
- Communicate the ETF data strategy, roadmap, priorities, risks and decisions clearly to stakeholders across the investment organization.
- Create concise, high-quality analysis, communications and presentations for Investment Staff, senior stakeholders and, where appropriate, external audiences.
- Actively share knowledge and best practices across ETF Trading Solutions and the broader Trading Solutions platform.
- Maintain relevant market and industry expertise through professional bodies, industry events and engagement with external partners.
Requirements
- Degree in a quantitative discipline, or equivalent experience, with strong mathematics, computer science, engineering, finance or related analytical skills.
- Strong understanding of ETFs and their primary- and secondary-market mechanics; knowledge of tax-lot optimization and tax-efficient portfolio implementation is highly desirable.
- Experience owning or governing business data, including defining requirements and standards, managing data quality and controls, and partnering with Technology to resolve issues and deliver strategic data capabilities.
- Experience extracting, transforming and manipulating data, with a strong understanding of APIs (including REST/SOAP), relational databases and structured formats such as JSON and XML.
- Ability to combine investment judgment, quantitative analysis and technology to solve ambiguous problems and build scalable solutions.
- Strong communication and stakeholder-management skills, with the ability to establish ownership, influence priorities and drive cross-functional work to completion.
- Outstanding candidates with adjacent investment, trading, data or technology experience may be considered where they demonstrate the ability to develop the required ETF and tax expertise.
Skills
- ETF mechanics (creation/redemption activity, basket construction, spreads, premiums/discounts, indicative values)
- Tax lots, tax-lot harvesting, security-level tax considerations
- Quantitative analysis
- Data engineering
- Programming
- APIs (REST/SOAP)
- Relational databases
- Structured data formats (JSON, XML)
- R
- Python
- C/C++
- Version control
- Containerization
- CI/CD
- Stakeholder management
- Communication
Location
- Hybrid
Work Type
- Hybrid
- Up to one day a week from home
Experience Level
- Mid-level
Education Level
- Degree in a quantitative discipline or equivalent experience
Benefits
- Resources to support career path
- Compensation
- Benefits
- Flexibility
About the Company
- At T. Rowe Price, we identify and actively invest in opportunities to help people thrive in an evolving world.
- A premier global asset management organization with more than 85 years of experience.
- Provides investment solutions and a broad range of equity, fixed income, and multi-asset capabilities to individuals, advisors, institutions, and retirement plan sponsors.
- Takes an active, independent approach to investing, offering a dynamic perspective and meaningful partnership.
- Believes doing the right thing for clients and associates is good business.
- Offers opportunities to create real impact at work and in your community.
- Has a collaborative culture that respects and values differences and colleagues who share a spirit of generosity.
Equal Opportunity
- At T. Rowe Price, our associates are our greatest asset.
- Thrives 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.
- Expect equal opportunity and fair and consistent treatment for all.
- Is an equal opportunity employer and values diversity of thought, gender, and race.
- Believes 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.