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Type of Role: Investments

Experience Level: Analyst/Associate

Location: Baltimore, Maryland

Salary: $163K - $184K

There is a place for you at T. Rowe Price to grow, contribute, learn, and make a difference. ​ We are a premier asset manager focused on delivering global investment management excellence and retirement services that investors can rely on today and in the future. The work we do matters. We invite you to explore the opportunity to join us and grow your career with us.

Position Purpose:
The Equity and Derivatives Trader will work within T. Rowe Price Investment Management (TRPIM) Equity Trading with an array of responsibilities. The trader will partner with current primary traders to support the execution of single stock equity derivatives, high and low touch equity trades, intraday blocks, and public equity capital market transactions. The trader will be responsible for seeking best execution, monitoring market activity, disseminating key information, and general involvement in TRPIM’s investment process.
This individual must have a strong understanding of the equity and derivatives markets and keep abreast of evolving market trends. Strong interpersonal and negotiation skills are paramount to success in this role. Being able to build, maintain and leverage relationships both externally and internally is essential.

Primary Accountabilities:

  • Trade equity and single stock derivative securities.
  • Maximize best execution practices in both high and low touch trading across multiple trading platforms / venues.
  • Assist the Equity Capital Markets (ECM) team with daily responsibilities as needed.
  • Manage a sector responsibility. Gather and analyze sector information and communicate relevant information to traders, analysts, and portfolio managers.
  • Maintain an up-to-date knowledge of market structure and regulatory issues in markets.
  • Build and maintain strong internal relationships with portfolio managers, analysts, and trading team colleagues.
  • Develop, maintain, and manage productive external relationships with a broad set of broker dealers and buy-side counterparts.
  • Leverage technology to promote workflow efficiency and partner with Global Technology to identify areas for improvement.
  • Conduct trading activities in compliance with all applicable guidelines and regulations.

Qualifications:Required

  • Bachelor’s or master’s degree.
  • 6+ years of industry experience.
  • 3+ years of trading experience; preferably on the buy-side.
  • Derivatives trading background or experience.
  • Excellent communication and interpersonal skills.
  • Ability to work effectively as part of a team.
  • Strong quantitative, analytical, and organizational skills.
  • Ability to work under pressure and multi-task with precision.
  • Strong attention to detail and accuracy; sound judgement with high integrity.
  • Interest in technology and promoting solution to improve trading efficiency.
  • Interest in continuing education and self-improvement.
  • Self-motivated.
  • Capacity / desire to work extended ECM hours beyond the standard trading day.

Preferred

  • Bachelor’s degree in finance or accounting or quantitative major.
  • MBA, MA or CFA (or in progress).
  • T. Rowe Price institutional knowledge.

FINRA RequirementsFINRA licenses are not required and will not be supported for this role.
Work FlexibilityThis role is eligible for remote work up to one day a week: 4 days in the office/1 day remote.

Commitment to Diversity, Equity, and Inclusion:We strive for equity, equality, and opportunity for all associates. When we embrace the power of diversity and create an environment where people can bring their authentic and best selves to work, our firm is stronger, and we create greater value for our clients. Our commitment and inclusive programming aim to lift the experience for each associate and builds allies for our global associate community. We know that a sense of belonging is key not only to your success at the firm, but also to your ability to bring your best each day.
Benefits: We invest in our people through a wide range of programs and benefits, including:

  • Competitive pay and bonuses as well as a generous retirement plan and employee stock purchase plan with matching contributions
  • Flexible and remote work opportunities
  • Health care benefits (medical, dental, vision)
  • Tuition assistance
  • Wellness programs (fitness reimbursement, Employee Assistance Program)

Our policies may change as our working lives evolve. Yet, our commitment to supporting our associates’ well-being and addressing the needs of our clients, business, and communities is unwavering.

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.