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Employment Type:
Full time
Job Category:
TCA & Market Structure Analyst
(This job is no longer available)
T. Rowe Price | Baltimore, MD
Grad Date

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Job Description

Our mission as a leading investment management firm is to help our clients achieve their long-term financial goals. We believe our associates are the key to this mission and we are always looking for talented individuals who share our commitment to our client's success.

If you're looking for challenging work experiences and the ability to learn in a collaborative culture, we invite you to explore the opportunities available at T. Rowe Price.

Primary Purpose of the Position:

The TCA & Market Structure Analyst position is an exciting opportunity to support the Equity and Fixed Income Global Trading Teams using both in-house and external/third party systems to performing quantitative trade cost analysis. The TCA & Market Structure Analyst has the responsibility of analyzing pre-trade cost estimates and post-trade analytics, supporting the development and improvement of the overall transaction cost analysis infrastructure, and of providing information to traders, trading management, and clients regarding T. Rowe Price trades. The position will also support additional market structure initiatives as needed.

Principal Responsibilities:

* Apply quantitative, statistical, and data analysis techniques to provide trading performance reports to internal stakeholders
* Ensure integrity of internal transaction cost measurement systems. Audit data and liaise with technology partners to improve data and processes
* Perform ad-hoc pre-trade and post-trade studies for trading management, traders, portfolio managers and external clients
* Assist with the day-to-day management of the existing Trading Cost Analyst (TCA) framework and its expansion to additional sectors. This effort will include the design and testing of a methodology to calculate trading costs while accounting for different trading protocols, market data availability and data quality
* Liaise with and evaluate third party TCA vendors



* Undergraduate degree in a mathematical, quantitative, technological or economics discipline; Master's Degree or PhD a plus
* Knowledge of investments, portfolios, and stock or bond trading; progress towards CFA qualification
* Demonstrated programming skills in MATLAB, Python or R


* Minimum college degree and 2 years of relevant work and/or internship experience
* Ability to analyze a variety of information, to quickly draw relevant conclusions, and to summarize and communicate results effectively
* Passionate about contributing to the growth of a developing and evolving function of the business
* Intellectual curiosity and strong analytic and problem solving skills
* Excellent communication and interpersonal skills
* Attention to detail and accuracy, sound judgment
* Ability to work both independently and as part of a larger team
* Interest in continuing education and self-improvement
* Working knowledge and aptitude with SQL

T. Rowe Price is an Equal Opportunity Employer

About T. Rowe Price

T. Rowe Price At A Glance

Founded in 1937 by Thomas Rowe Price Jr. Managing over $489 billion in assets* (as of December 31, 2011) Serving individuals, financial intermediaries and institutions Offering a full range of investment strategies Independent company with substantial employee ownership Headquartered in Baltimore, Maryland, with offices in 13 countries around the world Employing over 5,200 associates

Company Description

T. Rowe Price is a global investment management firm pursuing long-term success on behalf of individual and institutional investors.

Thomas Rowe Price, Jr., founded the firm in 1937 upon the conviction that our own success should follow from the success we achieve for our clients. This core principle continues to guide our firm today.

Based in Baltimore, Maryland (USA), our business is focused solely on investment management and related services. We provide a broad array of mutual funds, subadvisory services, and separate account management for individuals, institutions, retirement plan sponsors, and financial intermediaries.

At T. Rowe Price, associates work together in a culture that encourages diversity of thought and open debate in the pursuit of well-considered solutions for clients. Our disciplined approach to managing investments is rooted in proprietary fundamental research, carried out by experienced professionals, and focused on consistent competitive performance that balances risk and reward.

Working Here

A career at T. Rowe Price says you want to contribute and make a difference at a leading global investment management firm where our success results from the success we create for our clients. Join our collaborative culture that enables associates to thrive in an environment where talent meets opportunity. We are a growing organization of more than 5,000 associates with diverse backgrounds and experiences. We welcome individuals with unique perspectives–people who can add value to our proven approaches, enhance our intellectual capital and help create long-term value for our clients through innovative ideas.

Hiring Information

T. Rowe Price currently has 2012 Summer Internship and New Graduate positions available in the following areas:

  • Customer Service
  • Accounting
  • Client Servicing
  • Marketing
  • Technology
  • Administrative
  • Much more!


Our comprehensive benefit plans and other associate programs are among the best in the industry.
  • Competitive compensation plan
  • Medical, Dental and Vision
  • 401K retirement plan
  • Employee Stock Purchase Plan
  • Community Involvement
  • Tuition Reimbursement