Associate Portfolio Manager

Royal Bank of Canada; Toronto; On-site; CAD 67,000 - 110,000; Full time

Job summary

Royal Bank of Canada is seeking an Associate Portfolio Manager in Toronto to support senior investment counsellors in constructing customized investment strategies for high-net-worth clients, trusts, and foundations. The role focuses on managing and monitoring portfolios, including annual reviews and client meetings.

You will assist in developing investment models, implement plans, rebalance portfolios, and contribute to risk management and client relationship development within RBC's Wealth

Qualifications

• Must have CFA charter designation and an undergraduate degree in business, finance or economics
• Strong working knowledge of Microsoft 365 apps and Excel

Responsibilities

• Support the investment counsellor in managing client portfolios
• Assist in constructing customized investment strategies, models, proposals and action plans
• Implement action plans and proactively manage client portfolios to achieve or exceed performance goals
• Monitor and rebalance client portfolios according to investment policy statements and risk management strategies
• Develop and maintain client profiles including next steps to deepen relationships
• Prepare client meetings including annual reviews and meetings with potential clients
• Participate in analyst presentations on investment strategy and analysis
• Review and respond to risk management reports
• Identify and review portfolio management issues and recommend solutions to investment counsellors

Skills

Client Counseling

Critical Thinking

Decision Making

Interpersonal Relationships

Investment Management

Education

CFA charter designation

Undergraduate degree in business/finance/economics

Graduate degree (nice to have)

Tools

Microsoft 365 apps

Excel

Job description

Job Description

What is the opportunity?

A member of RBC Phillips, Hager & North Investment Counsel , the Associate Portfolio Manager works with experienced investment counsellors to construct customized investment strategies for high-net-worth individuals, trusts, and charitable foundations. This long-term support role is designed to help investment counsellors implement a strategy and manage and monitor the client portfolio on a regular basis.

What will you do?

• Support the investment counsellor in managing client portfolios
• Assist in the construction of customized investment strategies, models, proposals, and action plans for existing and potential clients
• Implement action plans and proactively manage client portfolios to achieve or exceed performance goals
• Monitor and rebalance client portfolios to ensure they are managed in accordance with the investment policy statements and portfolio risk management strategies and policies
• Develop, document, and maintain a profile for each client including next steps to deepen and solidify the relationship
• Assist as required in preparing client meetings, including annual review meetings and meetings with potential clients
• Participate in analyst presentations on investment strategy and analysis
• Review and respond to risk management reports
• Proactively identify and review client portfolio management issues and recommend solutions to investment counsellors to resolve them

What do you need to succeed?

Must-have:

• Chartered Financial Analyst (CFA) charter designation
• Undergraduate degree (preferably in business, finance or economics)
• Strong working knowledge of Microsoft 365 apps, Excel

Nice-to-have:

• Graduate degree (preferably in business or finance)
• Financial planner diploma granted by the Institute of Financial Planning

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.

• 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

Your career + Your life

Competitive total rewards: market-rate compensation, performance bonuses, flexible benefits.

Clear pathways to growth: mentorship from leaders invested in your development, and progressive opportunities across RBC

Your impact

• Own meaningful projects that drive real change for clients
• Collaborate with diverse, high-performing teams solving complex challenges
• Contribute to communities and causes you care about through our social impact initiatives

Your development

• Access learning and skill-building opportunities tailored to your goals
• Expand your horizons across RBC's diverse business units and roles
• Build your professional network with talented people across the organization

Job Skills

Client Counseling, Critical Thinking, Decision Making, Interpersonal Relationship Management, Interpersonal Relationships, Investment Banking, Investment Consulting, Investment Management, Private Banking, Product Services

Additional Job Details

• Address: ROYAL BANK PLAZA, 200 BAY ST:TORONTO
• City: Toronto
• Country: Canada
• Work hours/week: 37.5
• Employment Type: Full time
• Platform: WEALTH MANAGEMENT
• Job Type: Regular
• Pay Type: Salaried

Compensation for this position (including salary and discretionary/variable payments) will be determined by factors, including but not limited to candidate's experience, skills, registration status, performance, individual goals, market conditions, and business needs.

Pay Range

The expected pay range for this position is:

$67,000.00 - $110,000.00

The pay range provided is for the primary work location referenced in the Additional Job Details section of this job posting. Pay ranges may differ based on location. If the posting lists multiple job locations, a recruiter can confirm availability of the role and the relevant pay rage for the additional locations listed. RBC supports pay transparency and we strive to ensure all pay ranges are competitive, fair, and equitable.

You have the potential to earn RBC's discretionary variable compensation program which gives you an opportunity to increase your total compensation, provided that business meets its performance targets and you meet your individual goals.

Our Employment Opportunities

At RBC, we are guided by living shared values of Client First, Integrity, Collaboration, Respect and Excellence and winning together as One RBC. We believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the