Senior ETF Analyst – ETF Trading Solution
About The Position
The ETF Analyst supports the pre-and-post-trade analyses of PM activity within the ETF to leverage the ETF vehicle’s capabilities to their fullest extent. This requires expertise in ETF mechanics (Create/Redeem activity, basketing, spreads, premium/discounts, INAVs), a thorough understanding of tax lots and tax lot harvesting, and a basic grasp of tax nuances related to securities (PFICs, tax straddles, 1256 contracts, etc.). Achieving efficient, scalable support for our ETFs requires good quantitative and data engineering skills and experience with programming (R and ideally another language, such as Python or C/C++), CI/CD (Docker and Gitlab), and statistics and linear optimization. In addition to supporting ETF implementation, the role contributes to the continued expansion of tax-efficient trading solutions across mutual funds, including the development and implementation of Redemption In Kind (RIK) capabilities. The analyst partners with Portfolio Managers, Traders and Tax to identify opportunities to improve after-tax outcomes, reduce transaction costs and develop scalable implementation processes that can be leveraged across investment vehicles. A significant component of successful ETF implementation, and thus of this role, is building and overseeing the data foundations required to support T. Rowe’s ETFs. The ETF Analyst provides a point of coordination as well as technical and analytical support across the investment organization, working with multiple stakeholder teams within both Technology and the Business (Portfolio Management, Trading, Investment & Trading Solutions, ETF Capital Markets, Operations, Compliance) to scope and prioritize projects supporting the delivery of the ETF data strategy. Focus is on driving scale, reducing implementation risk and expanding ETF capabilities while working cross functionally and leveraging T. Rowe’s collaborative culture.
Requirements
- Bachelor's degree or the equivalent combination of education and relevant experience AND 5+ years of total relevant work experience
- Experience extracting, transforming, and manipulating data, with a strong understanding of APIs (REST, SOAP), relational databases, JSON, XML.
- Programming experience in R and another language (Python, C/C++).
- Ability to communicate ideas effectively and solve problems creatively.
- Comprehensive understanding of ETFs and tax lot optimization.
Nice To Haves
- Prior ETF and/or Accounting experience
- Degree in quantitative discipline with Math and Computer Science experience
- Outstanding candidates without prior ETF or accounting experience, or with a non-technical/Finance degree, may be considered.
Responsibilities
- Efficiently analyze PM trade ideas for optimal implementation method leveraging the unique capabilities of ETFs.
- Synthesize security data (volatility, liquidity), transaction cost data, tax lot data, and feedback from Traders, ETF Capital Markets Specialists, Portfolio Investment Analysts, Portfolio Managers, and Trading Analytics Associates to refine implementation strategies.
- Use a combined knowledge of computer science and applications, modelling, statistics, analytics and math to solve problems.
- Clearly communicate insights to Investment Staff and additional stakeholders when requested.
- Opine on ETF data governance improvements and represent ETF Trading Solutions’ roadmap.
- Assist with project and workstream prioritization.
- Participate in industry events, bringing knowledge and information back to team.
- Maintain subject matter expertise by participating in relevant professional and industry bodies.
- Communicate strategic ETF data plan and roadmap to all stakeholders.
- Create clear, concise, high-quality communications and presentations for internal and external clients.
- Actively share knowledge and best practices across the platform.
- Demonstrating a respect for ideas and suggestions made by others.
- As the associate grows in the role, there is an opportunity to apply subject matter expertise and data mastery to more strategic oversight and ultimately ownership of ETF Data governance, a critical component of the ETF platform’s long-term success.
- Act as business domain owner for ETF data projects.
- Generate and champion ideas to improve, simplify and automate ETF data processes, workflows, best practices and service delivery.
- Partner closely on data initiatives and functions with Technology.
- Jointly drive the development of a data strategy and data model with Technology to support ETF platform growth and scalability.
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
Stand Out From the Crowd
Upload your resume and get instant feedback on how well it matches this job.
What This Job Offers
Job Type
Full-time
Career Level
Senior
