Trading Specialist, Global Trading recruitment

The primary responsibility of the specialist is to ensure trade orders are entered into the trading systems and released to the traders for execution timely and accurately.  In this capacity, the incumbent serves as a liaison between the investment analysts, portfolio managers and the trader.  Additionally, the incumbent assists the trade support team by researching trade confirmation and settlement issues, and following up with traders or brokers where required.  The incumbent is primarily responsible for assisting with trading Fixed Income securities, Foreign Exchange (FX) and Pacific Regional Equity securities, as well as providing support to senior trading staff.  The incumbent also assists with a variety of daily activities and projects. 

PRINCIPAL RESPONSIBILITIES: 

1. Act as a liaison between traders, investment analysts, portfolio managers and broker-dealers.  The incumbent ensures each trade order has the same level of criticality, recognizes orders that may be considered more sensitive, and collaborates with the traders on prioritization, particularly in times of high volume in order to book all trades timely and accurately. 

The specialist will also assist traders monitor workflows and working orders, which requires the use of multiple tools to allocate and split trades between 144a and RegS when they are executed. 

The incumbent will be responsible for supporting the new issue process which includes compiling and distributing new issue information, providing comparisons to existing issues and curves, arranging for the portfolio manager or analyst to meet with the company along with order allocation/trade entry. 

2. Manages the complexities associated with trading in multiple instrument types as well as across markets globally. The incumbent must be familiar with the trading and settlement practices across instrument types as well as markets. Ensures that orders are entered in the proper format and that market specific considerations (market deadlines, penalties for incorrect executions/failed settlements) are considered appropriately. 

3. Responsible for assisting with Value Plus trading which includes having a full understanding of various algo strategies by different providers and working with providers on customizing Algos to enhance execution quality.     

4. Gather and analyze market activity and communicate relevant information such as pricing, liquidity and supply demand situations to primary traders in Equity and Fixed Income, as needed.  

Incumbent is expected to anticipate needs and utilize expertise to evaluate and recommend process improvements, working directly with investment staff, Investment Operations team and investment technology professionals, as appropriate. This may involve taking on complex projects supporting investment and/or trading processes.  For example, assist traders in the evaluation of the Charles River Manager Workbench utility and provide input on developing workflows between Workbench and the trading system. 

5. Serve as a point of contact for specific portfolio managers or analysts, and supporting ad hoc and/or complex requests specific to them or to individual trading opportunities. For example, the incumbent may be asked to collate market colour from the street on specific markets and compile detailed reports on a range of views. Prepares positioning reports for the investment team by gathering information from Bloomberg, broker research and running street wide surveys. This information is used for valuation and technical meetings each week. They would also be expected to arrange meetings for portfolio managers or analysts with economists, strategists or specific companies of interest. 

6. Liaise between trade support team and traders, and assist trade support team in problem resolution.  Incumbent must be able to analyze potential issues and field questions regarding failed trades, positions on corporate actions, system related issues, etc., and know who to contact internally and externally, and be able to influence those individuals in order to facilitate the timely resolution of the issue.  Failure to do so may result in financial loss or other market penalties.  This may also involve dealing with sensitive client queries that relate to fixed income and FX. Working with investment staff, operations and client relationship teams to resolve any issues raised in a timely manner. 

7. Develop understanding of Transaction Cost Analysis (TCA) in both equities and FX. Noting local market trading nuances, work with our Baltimore TCA specialists as well as Asian traders to customize TCA reports for Asia.   

8. Monitors and resolves compliance restrictions on trade orders.  The incumbent works through Compliance and Legal Compliance to address issues and report violations.  Must comprehend the severity of the different liens programmed in the trading systems, know who to contact for research inquiries and how to escalate issues.  After receiving instructions from Compliance, the incumbent notifies the necessary parties, including Investment Liaisons, Investment Analysts and Portfolio Managers, of trade modifications and resolutions.  Must thoroughly complete reviews of compliance restrictions for time sensitive trade order entries. 

Knowledge, Skills and Experience:

Required:

Preferred:

_________________________________________________________________________

T. Rowe Price (NASDAQ: TROW) is an independent investment management firm helping institutional and individual investors worldwide reach their long-term goals. With assets under management totaling over $489bn (as of 31st December 2011) and offices in 13 countries worldwide, the firm's sole focus is investment management and related services

Headquartered from Baltimore, T. Rowe Price employs over 5,000 associates worldwide. We are committed to attracting, developing and retaining talented and diverse employees that help us create value for our clients.

For more information about the Firm, please visit www.troweprice.com or http://www.troweprice.com/institutional

T. Rowe Price will take reasonable steps to ensure that applications for employment are encouraged without regard to sex (including pregnancy, gender reassignment), race, religion or belief, colour, nationality ethnic or national origins, age, disability, marital status, and sexual orientation and will ensure that there are equal opportunities at all stages of the recruitment process.