Portfolio Manager Associate

National Black MBA Association; Beverly Hills, Northern (CA, KY); Hybrid; USD 120,000 - 180,000; Full time

Job summary

RBC Rochdale, LLC is seeking a Portfolio Manager Associate to support senior portfolio managers in developing and implementing investment strategies for clients. You will contribute to asset allocation, client communications, and research-based recommendations.

In this role, you will manage client portfolios, respond to inquiries, and assist with trade execution while aligning with firm objectives and client goals. Strong analytical and collaboration skills are essential.

Qualifications

• Bachelor's degree required.
• Minimum 4 years of experience in Investment Management.
• FINRA Series 65, or the ability to obtain.
• MBA and/or CFA, received or underway, preferred

Responsibilities

• Partner with portfolio managers to recommend initial strategic asset allocation for new clients.
• Respond to client inquiries with portfolio characteristics, economic updates, and investment theses.
• Manage the book of business including client portfolios and actions across clients.
• Execute trades to implement asset allocations, considering tax and account restrictions.
• Monitor portfolios for deviations and provide investment recommendations.
• Prepare client portfolio reviews and risk/return presentations.
• Support team development, training, and delegation of tasks.
• Collaborate with technology and operations to improve processes.
• Complete special projects as requested.

Skills

Investment management

Portfolio management

Client-facing

Analytical skills

Macroeconomics

Team leadership

Training others

Education

Bachelor's Degree

MBA or CFA preferred

Job description

PORTFOLIO MANAGER ASSOCIATE

RBC Rochdale provides investment research, portfolio management, macroeconomic outlook and strategic asset allocation to help clients meet their long-term goals. RBC Rochdale, LLC is an SEC-registered investment adviser and wholly-owned subsidiary of City National Bank.

WHAT IS THE OPPORTUNITY?

Implement proprietary strategies and asset allocation for RBC Rochdale clients. Assist Sr. Portfolio Managers (SPM) in the development of short-and long-term investment strategies and approaches to achieve investment goals for clients.

WHAT WILL YOU DO?

• Partner with portfolio managers to recommend initial strategic asset class allocation for new clients, and recommendations for trades and allocation changes for existing clients.
• Respond to incoming calls, emails, and inquiries from clients - Portfolio characteristics, economic updates, and the firm’s investment thesis - Specific strategies and solutions: business description and reasons we own - Tie everything to client’s goals and aspirations - Create, research, and provide detailed ad-hoc analyses
• Manage the Book: analyses/activities on the total book of business, segments of the book, and client portfolios. - Track new clients and specific actions to take across the Book and for specific clients.
• Trade execution; buy and sell securities to implement asset allocations for client portfolios, based on client’s investment mandates, cash needs, firm strategy changes and general rebalancing; assess tax liabilities and client directed account restrictions to determine whether macro investment decisions are applicable on the account level; manage complex situations.
• Monitor client portfolios for deviations from specified strategy or to provide investment recommendations.
• Create and/or review client portfolio review presentations and portfolio risk/return analysis presentations.
• Manage the workflow and development of teammates: - Training of systems and procedures - Foster growth of responsibilities, and thinking, and serving clients - Delegate portfolio management tasks between the team members.
• Reinforce PM/Research guidance throughout the team environment, i.e., a bridge between PMs/Research to teammates.
• Promote the development and growth of our colleagues; nurture and care about their aspirations and goals.
• Collaborate with technology, strategy, operations, trading teams, etc., to improve processes across the firm.
• Support the management of process control on the team.
• Complete special projects as requested.

WHAT DO YOU NEED TO SUCCEED?

Required Qualifications*

• Bachelor's Degree
• Minimum 4 years of experience in Investment Management
• FINRA Series 65, or the ability to obtain

Additional Qualifications

• Master's Degree MBA and/or CFA, received or underway, preferred
• Think and act like a PM; stand in as the PM – team and client facing; mindset of serving clients
• Well-versed on macro-economic environment, and able to tell the Rochdale story to convey our value-proposition, and convey and reinforce our messaging
• Interest in, desire to follow, and love for markets
• Ability to articulate the complex in understandable and consumable terms to clients with varied investment knowledge and understanding; shift seamlessly from high-level concepts to drill down into specifics
• Skill in demonstrating empathy, emotional intelligence, relationship management, and communications
• Extensive knowledge of markets and industry as well as portfolio management expertise
• Comprehensive understanding of Rochdale investment and research philosophy
• Analytical skills, ability to translate and implement theoretical into practical, flawless execution and quality, and attention to detail
• Operate well in a high growth environment; ability to manage high volume task orientation while contemplating future growth and team capabilities
• Ability to work independently and use sound judgment
• Extensive knowledge of the Firm’s proprietary trading system, as well as the portfolio accounting system
• Assessment of skills and capabilities of others
• Teaching skills
• Continuous improvement mindset
• Strong problem solving skills