Analyst, Middle Office

T. Rowe Price • Baltimore, MD

1d • $69,500 - $118,000 • Hybrid

About The Position

T. Rowe Price is seeking a motivated Analyst to join the Global Investment Operations (GIO) Middle Office Distribution and Funding (MODF) team supporting Venture Capital portfolios. The role supports operational processes associated with distribution activity, including notice management, reconciliations, transaction processing, client servicing, and workflow monitoring.

The Analyst performs day-to-day operational activities related to venture capital distributions, collaborating with internal stakeholders, external service providers, and clients to support accurate and timely processing. The role contributes to process improvements and risk and control activities, and builds expertise in distribution operations through hands-on experience and partnership with senior team members. Success requires strong analytical skills, attention to detail, effective communication, and the ability to manage multiple priorities in a fast-paced environment.

The position is based in the Baltimore, Maryland office and requires in-office presence four days per week. It is eligible for hybrid work, with up to one day per week from home. Remote work beyond this arrangement and alternative office locations are not available. FINRA licenses are not required and will not be supported.

Requirements

• Bachelor's degree or equivalent combination of education and relevant experience.
• At least 2 years of relevant work experience in investment operations, middle office, fund operations, private assets, accounting operations, or financial services.

Nice To Haves

• Working knowledge of reconciliations, transaction processing, cash movements, or exception management.
• Ability to follow controlled procedures, identify discrepancies, document findings, and promptly escalate issues.
• Proficiency in Microsoft Excel, including formulas, filters, sorting, and data comparison techniques.
• Strong attention to detail, analytical thinking, and organizational skills, with the ability to manage recurring deadlines and competing priorities.
• Clear written and verbal communication skills and the ability to work effectively with colleagues and business partners.
• Experience supporting Venture Capital, Private Equity, Private Assets, or alternative investment products.
• Familiarity with fund accounting, securities processing, custody, or distribution-related cash and asset movements.
• Experience investigating reconciliation breaks or operational exceptions and supporting resolution through established escalation channels.
• Exposure to operational risk and control activities, including procedure maintenance, control testing, audit support, or remediation tracking.
• Experience working with custodians, administrators, brokers, vendors, or other external service providers.
• Exposure to user acceptance testing, workflow automation, operational reporting, or process improvement initiatives.
• Experience creating or maintaining procedures, process maps, checklists, or operational documentation.

Responsibilities

• Support daily processing and monitoring of venture capital distribution workflows, ensuring distribution notices and related transactions are reviewed and processed accurately and on time.
• Perform notice review, GP list reconciliations, cash movement verification, exception identification, and issue resolution.
• Follow established policies, procedures, and controls, escalating issues and exceptions appropriately.
• Coordinate with global partners to support effective handoffs, accurate tracking of outstanding items, and timely follow-up on operational inquiries.
• Respond to day-to-day operational inquiries from clients, service providers, investment staff, and internal business partners.
• Develop productive working relationships across Middle Office, Investment Operations, Technology, Legal, Compliance, and external business partners.
• Escalate operational risks, service concerns, and workflow issues to senior team members and management as appropriate.
• Identify opportunities to improve efficiency, reduce risk, and strengthen operational processes and controls.
• Analyze workflow data, exceptions, and operational trends to support recommendations for process enhancements.
• Participate in user testing, system enhancements, automation initiatives, and technology-related projects impacting distribution operations.
• Support business initiatives and operational changes affecting venture capital and private asset servicing activities.
• Adhere to operational procedures, governance standards, and regulatory requirements while supporting a strong control environment.
• Assist with audits, control testing, risk assessments, and remediation activities related to distribution operations.
• Investigate processing exceptions and operational breaks, document findings, and support corrective actions.
• Build expertise in venture capital distribution processes through training, procedural documentation, and hands-on operational experience.
• Contribute to knowledge sharing, cross-training activities, and maintenance of team procedures and documentation.

Benefits

• Competitive compensation
• Annual bonus eligibility
• A generous retirement plan
• Hybrid work schedule
• Health and wellness benefits, including online therapy
• Paid time off for vacation, illness, medical appointments, and volunteering days
• Family care resources, including fertility and adoption benefits

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level