What are the responsibilities and job description for the Portfolio Associate position at Royal Bank of Canada?
Job Summary
Job Description
What is the opportunity?
The Managed Portfolio Strategies team acts as primary internal investment advisory support for managed solutions at RBC WM. The team supports client-facing professionals and key internal partners in promoting managed solutions (ETFs, mutual funds, managed accounts, multi-asset solutions, and model portfolios) by offering expert investment advice and support related to portfolio reviews, investment strategy, product selection, and portfolio construction. The Portfolio Associate actively supports the MPS team in internal training, education, and marketing campaigns focused around managed assets and provides product recommendations and portfolio-level investment advice to client-facing professionals.
What will you do?
- Focus majority of activity in support of MPS analysts as they deliver investment advice to financial advisors.
- Proactively organize and facilitate timely information flow and actionable investment ideas to MPS analysts and advisors utilizing managed solutions.
- Gather data and related content from a wide array of sources, including but not limited to investment advisors, third party databases, and other publicly available resources.
- Maintain the quality, functionality, and usefulness of the information and tools provided by MPS via the firm’s intranet service.
- Construct and update marketing documents for RBC’s Discretionary Portfolios as well as maintain proprietary tools and resources used to support the model portfolios.
- Develop and maintain proprietary and external tools, software programs, and information sources for purposes of ongoing analysis and reporting of initiatives, projects, and usage data.
- Assist with the production and communication of thought leadership that helps to inform and educate advisors on industry trends, popular investment themes, and timely portfolio construction ideas.
- Support the development and growth of RBC Wealth Management’s advisory platforms.
What do you need to succeed?
Must haves:
- Undergraduate degree with preferred concentration in accounting, business, economics, finance, math, and/or international studies.
- General knowledge of and interest in financial markets and investment industry.
- Proficient in use of MS Office products, as well as key analytical tools – Morningstar, Informa PSN, FactSet, Bloomberg, etc.
- Understanding of key investment products and concepts including portfolio management, investment strategy (asset allocation), separately managed accounts, mutual funds, exchange traded products, and alternative investments.
- Attention to detail and organized.
- Strong analytical / critical thinking / problem solving skills.
Nice-to-have:
- Securities industry licenses SIE, 7 and 63 and 65 (or series 66) or willingness to pursue.
- Willingness to pursue CFA®, CFP©, CIMA© or other professional development opportunities.
- Previous analytical experience.
What’s in it for you?
We thrive on the challenge to be our best, progressive thinking to keep growing, and working together to deliver trusted advice to help our clients thrive and communities prosper. We care about each other, reaching our potential, making a difference to our communities, and achieving success that is mutual.
- A comprehensive Total Rewards Program including bonuses and flexible benefits, competitive compensation, commissions, and stock where applicable.
- Leaders who support your development through coaching and managing opportunities
- Ability to make a difference and lasting impact.
- Work in a dynamic, collaborative, progressive, and high-performing team.
- Flexible work/life balance options.
- Opportunities to do challenging work.
- Opportunities to take on progressively greater accountabilities.
- Access to a variety of job opportunities across business.
The good-faith expected salary range for the above position is $50,000 - $85,000 depending on factors including but not limited to the candidate’s experience, skills, registration status; market conditions; and business needs. This salary range does not include other elements of total compensation, including a discretionary bonus and benefits such as a 401(k) program with company-matching contributions; health, dental, vision, life and disability insurance; and paid time-off plan. RBC’s compensation philosophy and principles recognize the importance of a highly qualified global workforce and plays a critical role in attracting, engaging and retaining talent that:
- Drives RBC’s high performance culture
- Enables collective achievement of our strategic goals
- Generates sustainable shareholder returns and above market shareholder value
Job Skills
Communication, Critical Thinking, Detail-Oriented, Financial Regulation, Interpersonal Relationship Management, Investment Performance Measurement, Investment Reporting, Personal Development, Personal Initiative, Quantitative MethodsAdditional Job Details
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Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above
Inclusion and Equal Opportunity Employment
At RBC, we embrace diversity and inclusion for innovation and growth. We are committed to building inclusive teams and an equitable workplace for our employees to bring their true selves to work. We are taking actions to tackle issues of inequity and systemic bias to support our diverse talent, clients and communities.
We also strive to provide an accessible candidate experience for our prospective employees with different abilities. Please let us know if you need any accommodations during the recruitment process.
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Expand your limits and create a new future together at RBC. Find out how we use our passion and drive to enhance the well-being of our clients and communities at jobs.rbc.com.
Salary : $50,000 - $85,000
