Associate Portfolio Manager

RBC•Minneapolis, MN

2d•$70,000 - $130,000

About The Position

What is the opportunity? The Associate Portfolio Manager assists the Investment Grade Portfolio Managers with the day-to-day management of US fixed income portfolios including money markets, short duration and impact investing for BlueBay Fixed Income. They analyze designated alpha sources to provide investment recommendations for portfolios which align with client expectations of compliance and strategy. What will you do? Monitoring the levels of exposure and checking funds are within their specific guidelines, flagging issues to the Portfolio Managers and liaising with Investment Control & Compliance. Ensuring accurate hedging of funds and checking interest rate duration is in line across funds and consistent with the Portfolio Managers’ views. Inputting trades into Charles River and Bloomberg ensuring all orders are booked accurately prior to execution. Rebalancing funds for subscriptions and redemptions. Liaising with Operations and Trade Execution on any trade queries (e.g. on settlement or price issues). Support the maintenance of systems, databases and tools for portfolio management.

Requirements

Bachelor’s degree, preferably in Finance, Economics, Business or another related field of study
3-5 years of related fixed income investment experience
Capacity to present/communicate materials in a way that facilitates decision making and drives outcomes
Solid analytical, quantitative, and problem-solving skills
High standards of performance for self and strives to meet challenging objectives.
Acts with integrity and within both the spirit and the letter of BlueBay's principles, policies, and procedures
A positive and energetic attitude gets involved and proactively seeks out opportunities to advance the business
Resilience and the ability to remain calm and professional under pressure
Good rapport building skills and able to maintain good relationships and works effectively and cooperatively with others
Smart ideas to raise personal and team standards.
Responds quickly and positively to change and maintains effectiveness when experiencing change.
Invests time in learning new skills and gaining new experiences

Nice To Haves

On track to a CFA designation

Responsibilities

Monitoring the levels of exposure and checking funds are within their specific guidelines, flagging issues to the Portfolio Managers and liaising with Investment Control & Compliance.
Ensuring accurate hedging of funds and checking interest rate duration is in line across funds and consistent with the Portfolio Managers’ views.
Inputting trades into Charles River and Bloomberg ensuring all orders are booked accurately prior to execution.
Rebalancing funds for subscriptions and redemptions.
Liaising with Operations and Trade Execution on any trade queries (e.g. on settlement or price issues).
Support the maintenance of systems, databases and tools for portfolio management.

Benefits

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.