Portfolio Implementation Analyst — Trading & Models

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

Benefits offered by this job

401(k) with company match

Health insurance

Paid time off

Job summary

RBC in Minneapolis, MN is seeking a Portfolio Implementation Analyst to support UMA portfolio model management and trading within RBC US Wealth Management. You will manage day-to-day implementation, onboarding, and communications with internal/external model providers to ensure accurate, timely execution.

With 3–5 years in securities/portfolio operations and licenses like Series 7/63/65/66, you will monitor allocations, rebalances, and risk controls while leveraging Envestnet and advanced Excel

Qualifications

• 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.

Responsibilities

• Assist with onboarding of internal/external model providers.
• Interact with internal/external model providers to ensure accurate and timely model portfolio change processing.
• Work with internal/external model providers to ensure smooth communications and timely and accurate exchange of information.
• Work with internal/external model providers and other partners to optimize trading process while reducing risk and potential for error.
• 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.
• Assist with cash level review, security drift review and audit code review.
• Provide ad hoc projects as required.

Skills

Portfolio administration

Trading support

Microsoft Excel

Microsoft Access

Financial markets

Strong math

Education

BA/BS in Finance/Economics/Business Administration

Tools

Envestnet

Job description

RBC in Minneapolis, MN is seeking a Portfolio Implementation Analyst to support UMA portfolio model management and trading within RBC US Wealth Management. You will manage day-to-day implementation, onboarding, and communications with internal/external model providers to ensure accurate, timely execution.

With 3–5 years in securities/portfolio operations and licenses like Series 7/63/65/66, you will monitor allocations, rebalances, and risk controls while leveraging Envestnet and advanced Excel