Portfolio Management Assistant

About the Portfolio Management Assistant Role at RBC

The Portfolio Management Assistant (PMA) is a crucial role focused on supporting the Investment Counsellor in managing private client portfolios, relationships, and meetings. This position primarily deals with pooled funds and is an integral part of a small team handling approximately 120 client relationships. It is not an asset selection or analysis role, but rather requires strong knowledge in tax, financial planning, and portfolio management to assist with various client-facing and operational tasks. The PMA will actively identify, investigate, and resolve client inquiries, providing recommendations for complex situations to the Investment Counsellor. Additionally, the role involves assisting in the construction of customized investment strategies and proposals, as well as implementing and monitoring action plans for new funds and portfolio allocations. The PMA will execute trades as directed by the Investment Counsellor and collaborate closely with the Private Client Associate on portfolio administration. Success in this role demands a self-directed individual with exceptional organizational, writing, and communication skills, adept at handling large volumes of information, strong interpersonal abilities, and critical thinking. For more information, please visit: www.rbcphnic.com

Key Responsibilities of a Portfolio Management Assistant

• Respond to all client inquiries and update client files, ensuring excellence in customer service.
• Prepare client presentation materials and meeting documentation in advance, attending client meetings if requested.
• Draft correspondence and client newsletters, providing support for financial plans using RBC’s proprietary software.
• Address tax-related questions from accountants, leveraging strong tax planning knowledge.
• Assist with securities trading as directed by the Investment Counsellor.
• Support business development activities, including developing marketing lists, preparing new account presentations, and creating prospect proposals.
• Prepare client Investment Policy Statements from templates, model, monitor, and suggest portfolio rebalancing.
• Ensure continuous compliance with client mandates and portfolio models.
• Provide ad hoc administrative support to the Investment Counsellor and the broader team as needed.

What You'll Need to Succeed

Must Have

• Minimum of 2 years of client-facing experience within a financial institution, including financial planning.
• A University Degree.
• Completion of either CIM or CFA Level 1.
• PFP or CFP designation.
• Experience in trading.
• Advanced MS Office skills (Word, Excel, PowerPoint).
• Exceptional attention to detail, strong organizational skills, excellent oral and written communication, and technological proficiency.

Nice to Have

• Prior tax planning experience.
• Developed portfolio management skills.
• Successful completion of CSC.

What's in it for You?

At RBC, we thrive on the challenge to be our best, embracing progressive thinking for continuous growth. We work collaboratively to deliver trusted advice that helps our clients and communities prosper. We foster a culture where we care about each other, reaching our collective potential, making a meaningful difference, and achieving mutual success.

• A comprehensive Total Rewards Program, including bonuses, flexible benefits, competitive compensation, commissions, and stock where applicable.
• Challenging and engaging work with a variety of assignments.
• The stability and prestige of working for a company with significant financial strength and a strong brand.
• Supportive management committed to your work and professional progression.

Key Skills/Competency

• Portfolio Management
• Financial Planning
• Client Service
• Investment Policy Statements
• Tax Planning
• Securities Trading
• Compliance Management
• Relationship Management
• Microsoft Office Suite
• Critical Thinking