Portfolio Analyst

Royal Bank of Canada; Minneapolis (MN); On-site; USD 70,000 - 130,000; Full time

Benefits offered by this job

401(k) with company-matching

Health, dental, vision, life, and AD&D

Paid time off

Job summary

Royal Bank of Canada in Minneapolis seeks a Portfolio Analyst for our Managed Portfolio Strategies team. You will support onboarding, training, and marketing efforts, advising on asset allocation and portfolio construction for affluent clients.

You will collaborate with internal teams, produce thought leadership, and participate in meetings to advance RBC's advisory offerings. A finance-focused background and licenses enable you to contribute across UHNW client needs.

Qualifications

• Bachelor’s degree in Finance, Economics, or Business.
• Minimum of 3 years financial industry experience.
• FINRA Series 7 and 66 licenses (or 63 and 65) within 180 days.
• In-depth knowledge of ETFs, mutual funds and managed accounts.
• Knowledge of asset allocation, portfolio construction, risk/return analytics, performance measurement and reporting.
• Strong written and oral communication skills, including presentation skills.

Responsibilities

• Support onboarding and transition analysis for recently recruited financial advisors.
• Assess managed assets and map to RBC investment strategies and models.
• Collaborate with Advisor Recruiting and Advisory Programs to develop analysis frameworks.
• Assist with servicing Ultra High Net Worth cases; coordinate with wealth strategists.
• Provide guidance on investment strategy, asset allocation, product selection, and portfolio construction.
• Create thought leadership on industry trends and portfolio construction ideas.
• Participate in conferences, calls, and meetings with RBC financial advisors and clients.

Skills

Communication skills

Presentation skills

Analytical thinking

Asset allocation

Portfolio construction

Risk analytics

Performance reporting

Teamwork

Education

Bachelor’s degree in Finance, Economics, or Business

Tools

FINRA Series 7 and 66

Job description

Job Description

What is the opportunity?

As a Portfolio Analyst on our Managed Portfolio Strategies team, you will have the opportunity to support the US Wealth Management (RBC WM) business’ recruitment, onboarding, internal training, education, and marketing campaigns focused on our managed asset solutions. This consultative role will provide product recommendations and portfolio-level investment advice to client-facing professionals. Your role will be aligned directly to the firm’s overall business strategy of growing our advisory assets and helps to ensure RBC WM remains competitive in providing expert advice on managed solutions to affluent, high net worth, and ultra-high net worth investors.

What will you do?

Advisor Support

• Assist business leaders with the competitive recruiting process by providing transition analysis and participating in recruit meetings
• Act as the lead MPS analyst aiding the onboarding process of recently recruited financial advisors including assessing their managed assets and mapping them to investment strategies and models available at RBC
• Partner with internal teams including Advisor Recruiting and Advisory Programs, and others, to develop a framework for analyzing, assessing and transitioning recruited financial advisors’ managed assets
• Assist with servicing Ultra High Net Worth cases when applicable, coordinating advice and guidance with wealth strategists and wealth management consultants
• Work collaboratively with client-facing professionals, offering product expertise and guidance regarding investment strategy (asset allocation), investment selection (product recommendations), and portfolio construction using managed investments and discretionary portfolios
• Produce thought leadership that helps to inform and educate advisors on industry trends, investment themes, and timely portfolio construction ideas

• Participate on conference calls, WebEx and in-person meetings with RBC financial advisors and clients
• Leverage and promote the expertise and insights of internal research teams and resources
• Assist with internal education, training, and marketing campaigns / events
• Strategic and ad hoc projects as assigned

Discretionary Portfolio Support & Marketing

• Support the RBC Discretionary Portfolios by sustaining an elevated level of investment knowledge on the product suite, leveraging the expertise and insights of internal research teams and investment committees
• Promote RBC’s portfolio construction framework and multi-asset portfolios via internal education, training, and marketing campaigns / events
• Contribute thought leadership, specifically related to portfolio construction best practices and insights in support of the investment framework and discretionary portfolios
• Actively participate in regular and ad-hoc portfolio management meetings to provide perspective of the current advisor and client market environment

What do you need to succeed?

Must-have

• Bachelor’s degree, preferably in Finance, Economics, or Business
• Minimum of 3 years financial industry experience
• FINRA Series 7 and 66 licenses (or 63 and 65) within 180 days
• In-depth knowledge of exchange-traded funds, mutual funds and managed accounts

• Knowledge of investment management disciplines such as asset allocation, portfolio construction, risk return analytics, performance measurement and reporting.
• Deep understanding of portfolio management concepts and investment management responsibilities.
• Strong written and oral communication skills, including developed presentation skills with the ability to influence and persuade colleagues and advisors across the organization.

Nice-to-have

• Willingness to pursue CFA®, CFP®, or CIMA® designation or other professional designations
• 5 or more years of securities or financial markets 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 $70,000-$130,000, 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

Communication, Critical Thinking, Customer Service, Detail-Oriented, Industry Knowledge, Information Capture, Investment Banking, Negotiation, Product Services, Teamwork

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

Posted Date:

2026-03-30

Application Deadline:

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.