Analyst, Portfolio Implementation

RBC Capital Markets, LLC; Minneapolis (MN); On-site; USD 55,000 - 95,000; Full time

Benefits offered by this job

401(k) with company matching

Health, dental, vision, life, and long

Disability insurance & paid time off

Job summary

RBC Capital Markets, LLC in Minneapolis seeks a Portfolio Implementation Analyst to manage day-to-day portfolio model execution, trading processes, and client service across internal and external model providers. The role focuses on risk management, accuracy, and timely execution within a dynamic wealth management environment.

You will support onboarding, asset allocations, rebalancing, cash flows, and risk monitoring while coordinating with multiple stakeholders.

Qualifications

• 3–5 years of securities and financial markets experience focused on portfolio administration or trading support.
• Bachelor's degree in Finance, Economics, Business Administration or related field.
• Series 7, 63/65 or 66 (or ability to obtain licenses within prescribed timeframe).
• Strong understanding of broker/dealer industry, distribution channels, and portfolio rebalancing.
• Experience with Envestnet or similar portfolio accounting systems.
• Experience with equities, fixed income, mutual funds and ETFs.
• Experience working with sub-advisors within a multi-manager offering.
• Advanced Excel and Access skills; strong business math.

Responsibilities

• Assist with onboarding of internal/external model providers.
• Interact with model providers to ensure timely model portfolio change processing.
• Coordinate smooth communications and data exchange with providers.
• Help optimize trading process while reducing risk and errors.
• Support day-to-day portfolio management and trade processing.
• Implement new account asset allocations and investment fulfillment.
• Monitor client constraints and guidelines.
• Account re-balancing and updates per model providers.
• Facilitate cash flows, contributions and withdrawals.
• Monitor asset allocation guidelines and model drift.
• Monitor corporate actions and reorganizations for timely implementation.
• New account processing and approval; terminated account processing.
• Assist and review portfolio risks.
• Research dispersion; coordinate trade error correction.

Skills

Portfolio administration

Portfolio management

Trading support

Excel

Access

Broker-dealer knowledge

Envestnet experience

Equities fixed income ETFs

Sub-advisors experience

Financial math

Licensing knowledge (Series 7/63/65/66

Education

BA/BS in Finance, Economics, Business Admin or related

Tools

Envestnet

Job description

What is the opportunity?

The Portfolio Implementation Team (PIT) Team acts as the primary group supporting UMA portfolio model management across the RBC US Wealth Management distribution channel. The PIT Team exists to manage the daily and ongoing operational and trading responsibilities associated with portfolio model management. The role of Portfolio Implementation Analyst adds value to RBC in a highly competitive industry by providing the appropriate level of support to ensure that investment strategies delivered by investment managers (either internal or external) are properly executed, according to the outlined policies and procedures. The role of Portfolio Implementation Analyst is responsible for all day-to-day planning, decision making and execution of the Portfolio Implementation Team trading processes for various model portfolios, both externally and internally delivered. The role of Portfolio Implementation Analyst aligns directly to the RBC Wealth Management overall strategy of client service.

What will you do?

Relationship Management

• Assist with on-boarding of internal/external model providers


• Interact with internal/external model providers to ensure accurate and timely model portfolio change processing.


• Working with internal/external model providers to ensure smooth communications and timely and accurate exchange of information.


• Working with internal/external model providers and other partners to optimize trading process while reducing risk and potential for error.

Portfolio Management

Involved in performing Portfolio Implementation Team operations and trading duties including:

• Critical source in supporting the day-to-day portfolio management and trade processing of various model portfolios, both externally and internally delivered, through exceptional client service, leadership and execution.


• Implement new account asset allocation and investment fulfillment.


• Implement and monitor client specific constraints and guidelines.


• Account re-balancing and update according to internal/external model providers and asset-class weights.


• Facilitate cash flows, contributions and withdrawals.


• Monitor asset allocation guidelines.


• Monitor model drift and dispersion.


• Model management and allocation monitoring.


• Monitor corporate actions and reorganizations for their timely and accurate implementation.


• New account processing and approval.


• Terminated account processing.


• Assist and review portfolio risks.


• Research any significant or unexpected dispersion.


• Calculate and coordinate trade error correction efforts/analysis and processing.

Project / Initiative Management

Support PIT leadership in managing the audit and reporting process for various model portfolios, both externally and internally delivered, including:

• Assist with creation and maintenance of department procedures.


• Develop and maintain risk management practices that limit risk exposure to the Portfolio Implementation Team and RBC.


• Establish processes to anticipate market trends.


• Design, coordinate, and implement process changes to achieve the greatest efficiency and quality possible.


• Review procedures and systems are maximized and that IAG management reporting is timely and accurate.


• Provide daily, monthly, and quarterly report generation process (i.e., daily activity report, 13f, PIT Operating Report, etc.). Gather data, analyze and report information.


• Assist with cash level review, security drift review and audit code review.


• Provide ad hoc projects as required.

What do you need to succeed?

Must-have

• 3 -5 years of securities and financial markets experience with a focus on portfolio administration, portfolio management, investment operations or trading support roles.


• BA / BS in Finance, Economics, Business Administration or related field.


• Series 7, 63/65 or 66 (or ability to obtain licenses within prescribed timeframe).


• Basic understanding of the broker/dealer industry, the distribution channels served, managed accounts, trade practices and portfolio rebalancing.


• Experience with Envestnet or other portfolio accounting and portfolio management systems.


• Experience with equities, fixed income, mutual funds and ETFs.


• Experience in working with sub-advisors within a multi-manager offering


• Strong computer skills - specifically Microsoft Excel and Access.


• Proficient business math skills.

Nice-to-have

• Prior portfolio accounting reconciliation trade processing 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 include competitive compensation and flexible benefits, such as 401(k) program with company-matching contributions, health, dental, vision, life, disability insurance, and paid-time off.


• 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.


• Opportunities to do challenging work.


• Opportunities to build close relationships with clients.

The expected salary range for this particular position is $55,000-$95,000, depending on your experience, skills, and registration status, market conditions and business needs.

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

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

Critical Thinking, Detail-Oriented, Financial Planning and Analysis (FP&A), Financial Services Industry, Fund Analysis, Information Capture, Investment Banking Analysis, Investment Performance Measurement, Investment Risk Management, Investments Analysis

Additional Job Details

Address: 250 NICOLLET MALL:MINNEAPOLIS

City: Minneapolis

Country: United States of America

Work hours/week: 40

Employment Type: Full time

Platform: WEALTH MANAGEMENT

Job Type: Regular

Pay Type: Salaried

Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above

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 world. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.

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