Company Overview:

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.

Headquartered in Baltimore, Maryland, we provide an array of mutual funds, sub-advisory services, separate account management, recordkeeping, and related services for individuals, advisors, institutions, and retirement plan sponsors.

At T. Rowe Price, we believe in strategic investing. It has guided how we do business for over 80 years and is driven by independent thinking and rigorous research. So our clients can be confident that we’ll strive to select the right investments as we help them achieve their objectives. Strategic investing means that we don’t stop at surface-level analysis. Instead, we go beyond the numbers. Our investment professionals travel the world, visiting the companies they evaluate. This passion for exploration and understanding has helped inform better decision-making and prudent risk management for our clients since its founding by Thomas Rowe Price Jr. in 1937.

Position Overview:

The position will be responsible for analyzing and developing credit opinions on securitized transactions, with a primary focus on Collateralized Loan Obligations (CLOs). The position will require analysis of financial, leveraged loan, and economic fundamentals, security level cash flows, ongoing security surveillance, the assignment of credit ratings, and trade recommendations that benefit T. Rowe Price portfolios. The analyst will be an integral part of the Securitized Products team at T. Rowe Price.

Responsibilities:

• Analyze, evaluate, and recommend investment opportunities across the CLO universe in both the new-issue and secondary markets.
• Analyze and recommend portfolio positioning of CLOs to enhance portfolio returns. Conduct fundamental, market, and security analysis, and combine relative value and strategy considerations in sector and security recommendations.
• Analyze fundamental market developments in the leveraged lending markets, including underwriting standards, rating migration, and default forecasting, and their impact on security and sector performance. Also analyze other Securitized Products markets, such as ABS and CMBS, as necessary.
• Communicate and collaborate with various internal and external parties to develop well-researched, sound investment recommendations and sector theses. This position will interact most directly with internal peers who also cover CLOs, CMBS, ABS, and RMBS. The role will also interact with Rating Agency analysts, external sector experts, T. Rowe Price Portfolio Managers, Equity and Credit analysts, and Quantitative analysts, among others.

Qualifications & Experience:

Required Qualifications

• College degree with a concentration in business, finance, or economics.
• At least 3 years of direct investment experience or an MBA degree.
• Experience developing and maintaining reports and data.
• Basic understanding of financial accounting, derivatives markets, and computer skills.
• Experience using Intex and Bloomberg.
• Strong written and oral communication skills.
• Strong decision-making and risk management background.
  Strong analytical skills.
• Direct experience analyzing and investing in CLOs, Leveraged Loans, and/or Securitized Products.
• Collaborative, inquisitive, and detail-oriented personality.

Preferred Qualifications

• Knowledge of other securitized credit sectors.
• An advanced business degree is a plus.
• Chartered Financial Analyst designation is strongly preferred