Sr. Manager - Voluntary Corporate Actions

Sr. Manager - Voluntary Corporate Actions

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locations

Baltimore, MD

time type

Full time

posted on

Posted 26 Days Ago

job requisition id

81519

At T. Rowe Price, we identify and actively invest in opportunities to help people thrive in an evolving world. As a premier global asset management organization with more than 85 years of experience, we provide investment solutions and a broad range of equity, fixed income, and multi-asset capabilities to individuals, advisors, institutions, and retirement plan sponsors. We take an active, independent approach to investing, offering our dynamic perspective and meaningful partnership so our clients can feel more confident.

We believe doing the right thing for our clients and our associates is good business . With a career at the firm, y ou can expect opportunities to create real impact at work and in your community. Y ou’ll enjoy resources to support your career path, a s well as compensation , benefits , and flexibility to enrich your life. Here, you’ll find a collaborative culture that respect s and valu e s differences and colleagues who share a spirit of generosity .

Join us for the opportunity to g row and make a difference in ways that matter to you .

About this Role

The Voluntary Corporate Actions Sr. Manager will be a member of the GIO Shared Services organization within Global Investment Operations.

This role will start as a project team-member supporting a major transformation program for voluntary corporate actions involving equity, fixed income, and other securities. During transformation, the Sr. Manager will help design and implement a new corporate action process, working closely with our external vendors to optimize workflows, enhance automation, and ensure a seamless end-to-end experience.

After transformation, the position will oversee daily activities related to voluntary corporate actions processing for the firm ensuring accurate, timely, and efficient handling of corporate actions. This role will collaborate with internal stakeholders in Investment Liaisons, legal, middle office, Investments, and across Shared Services and maintain relationships with external vendors to mitigate risk and maximize process efficiency.

Key responsibilities of this position include:

• Oversee the identification, analysis, and processing of voluntary corporate actions, including mergers, acquisitions, dividends, stock splits, tender offers, and reorganizations.

• Partner with vendors and relevant stakeholders to design, implement, and refine a new corporate action process, focusing on operational efficiency, automation, and risk reduction.

• Ensure compliance with regulatory requirements and internal controls throughout the corporate actions lifecycle.

• Develop and implement process improvements to enhance operational efficiency and risk mitigation.

• Serve as a subject matter expert on corporate actions, providing guidance to internal partners and clients.

• Liaise with custodians, vendors, and counterparties to resolve discrepancies and ensure accurate information flow.

• Monitor and report on key performance indicators, issues, and risks related to corporate actions.

• Lead or participate in projects involving system enhancements, technology upgrades, and workflow optimization.

Role Summary

Administers and processes the books and records for the most complex accounts. Coordinates, checks, and validates transfers, settlements, redemptions, and reconciliations. Works independently with direct accountability for a set of complex accounts and/or a complex set of administrative processes.

Responsibilities

• Administers a broad range of portfolio transactions, leveraging specialized expertise to ensure proper controls and validations are in place and that activities are accurate and compliant. Identifies quality, accuracy, or compliance deficiencies and corrects; may serve as a final reviewer for complex reconciliations. Trains less experienced peers and support staff on preventing errors and interpreting process controls. Collaborates with leadership to develop, implement, or refine operating processes and controls.

• Fosters the relationship between portfolio services associates and securities operations staff, relationship managers, portfolio managers, custodians, and clients to ensure the collection, analysis, and communication of information that impacts accounts. Fields and manages complex queries from internal or external clients and follows through to resolution.

• Prepares highly complex documentation for settlements, reconciliations, transfers, etc. Instructs team members on adjustments needed to internal and external books and records and performs a final quality review, confirming resolution.

• Following established controls, checks and validates third-party reconciliations; provides direct feedback to third-party providers on their performance and quality, collaborating with management to resolve. Works with clients and internal stakeholders to prepare account outsourcing plans; stewards account transition process to the end-state infrastructure of outsourced providers.

• Reviews and presents periodic reports and dashboards outlining relevant operational metrics like error or recalculation rates, client satisfaction, responsiveness, time to resolution, etc. Provides analysis of metrics and develop recommendations to address deficiencies. Collaborates with management to prepare and implement solutions.

Qualifications

Required:

• Bachelor's degree or the equivalent combination of education and relevant experience AND

• 8+ years of total relevant work experience

Preferred:

• Deep knowledge of voluntary corporate actions processing and related operational risks.

• Experience working with external vendors related to voluntary corporate actions to develop or optimize operational processes

• Excellent analytical, organizational, and communication abilities.

• Proven experience in driving process improvements and managing change.

FINRA Requirements

FINRA licenses are not required and will not be supported for this role.

Work Flexibility

This role is eligible for hybrid work, with up to one day per week from home.

Base Salary Ranges

Please review the job posting for the location of this specific opportunity.

$110,000.00 - $188,000.00 for the location of: Maryland, Colorado, Washington and remote workers$121,000.00 - $207,000.00 for the location of: Washington, D.C.$138,000.00 - $236,000.00 for the location of: New York, California

Placement within the range provided above is based on the individual’s relevant experience and skills for the role . Base salary is only one component of our total compensation package . Employees may be eligible for a discretionary bonus, which is determined upon company and individual performance.

Commitment to Diversity, Equity,andInclusion

At T. Rowe Price, our associates are our greatest asset. We thrive 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. Here, you can expect equal opportunity and fair and consistent treatment for all.

Benefits

We value your goals and needs, at work and in life. As an associate, you’ll be supported with resources , benefits , and work-life balance so you can thrive in ways that matter to you .

Featured employee benefits to enrich your life:

• 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

Learn more about our benefits. (

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.

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About Us

T. Rowe Price is an asset management firm focused on delivering global investment management excellence and retirement services that investors can rely on–now, and over the long term.

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