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About the Role

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

Responsibilities

• 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 and advisors regarding portfolio characteristics, economic updates, and the firm’s investment thesis.
• Provide information on specific strategies and solutions, including business descriptions and reasons for investment.
• Connect investment strategies to client goals and aspirations.
• Create, research, and provide detailed ad-hoc analyses.
• Manage the Book: conduct analyses and activities on the total book of business, segments of the book, and client portfolios.
• Track new clients and identify specific actions for the Book and individual clients.
• Execute trades, including buying and selling securities to implement asset allocations for client portfolios, considering client mandates, cash needs, firm strategy changes, and rebalancing.
• Assess tax liabilities and client-directed account restrictions to determine the applicability of macro investment decisions at the account level.
• Manage complex trading situations.
• Monitor client portfolios for strategy deviations and provide investment recommendations.
• Create and/or review client portfolio review presentations and portfolio risk/return analysis presentations.
• Manage the workflow and development of teammates, including training on systems and procedures.
• Foster growth in responsibilities, thinking, and client service among team members.
• Delegate portfolio management tasks among team members.
• Reinforce PM/Research guidance within the team environment, acting as a liaison between PMs/Research and teammates.
• Promote the development and growth of colleagues, nurturing their aspirations and goals.
• Collaborate with technology, strategy, operations, and trading teams to improve firm processes.
• Support the management of process control within the team.
• Complete special projects as requested.

Requirements

• Bachelor's Degree or equivalent
• Minimum 4 years of experience in Investment Management
• FINRA Series 65 or Series 66 or ability to obtain
• Think and act like a PM; stand in as the PM – team, client, and advisor facing; mindset of serving clients and advisors
• 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 advisors and 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

Skills

• Investment Management
• Portfolio Management
• Asset Allocation
• Trading
• Financial Analysis
• Client Relationship Management
• Communication
• Problem Solving
• Analytical Skills
• Attention to Detail
• Macro-economic Analysis
• Market Knowledge
• Teamwork
• Leadership
• Process Improvement

Location

• RBC Rochdale

Work Type

• Onsite

Experience Level

• Minimum 4 years of experience in Investment Management

Education Level

• Bachelor's Degree or equivalent
• Master's Degree MBA and/or CFA, received or underway, preferred

Salary/Compensations

• $92,114 - $156,880 per year
• Eligible for bonus and/or commissions

Benefits

• Comprehensive healthcare coverage, including Medical, Dental and Vision plans, available the first of the month following start date
• Generous 401(k) company matching contribution
• Career Development through Tuition Reimbursement and other internal upskilling and training resources
• Valued Time Away benefits including vacation, sick and volunteer time
• Specialized health and family planning benefits including fertility benefits, and cancer, diabetes and musculoskeletal support programs
• Career Mobility support from a dedicated recruitment team
• Colleague Resource Groups to support networking and community engagement

About the Company

• RBC Rochdale partners with financial advisors and their high-net-worth clients to build intelligently personalized investment portfolios.
• 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.
• Since day one we've always gone further than the competition to help our clients, colleagues and communities flourish.
• City National Bank was founded in 1954 by entrepreneurs for entrepreneurs and that legacy of integrity, community and unparalleled client relationships continues today.
• City National is a subsidiary of Royal Bank of Canada, one of North America’s leading diversified financial services companies.

Equal Opportunity

• City National Bank fosters an inclusive environment where all forms of diversity are valued and leveraged to make us a better company and employer.
• We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sexual orientation, gender identity, national origin, disability, veteran status or other basis protected by law.
• It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.