Portfolio Management Assistant

Royal Bank of Canada•Waterloo, ON

8d•CA$54,000 - CA$85,000•Onsite

About The Position

The Portfolio Management Assistant (PMA) is a role that focuses primarily on supporting the Investment Counsellor in the management of private client portfolios (primarily comprised of pooled funds), relationships, and meetings. It is not an asset selection or analysis role, but an integral role on a small team that manages approximately 120 relationships. This is done through assistance with producing financial plans, portfolio rebalancing per the investment policy statement and preparing/updating Investment Policy Statements. It requires strong tax and financial planning knowledge, in addition to portfolio management knowledge. The PMA will pro-actively identify, investigate and resolve client inquiries and provide the Investment Counsellor with recommendations for resolution of complex situations, as well as assist in the construction of customized investment strategies, proposals and implement & monitor action plans for new funds and portfolio allocations. The PMA will enter trades as directed by the Investment Counsellor, and works closely with the Private Client Associate to assist in the administration of client portfolios. Other requirements include being a self-directed individual with excellent organization skills, strong writing and communication, able to handle large volumes of information, interpersonal skills and critical thinking.

Requirements

Minimum of 2 years in a client facing role in a financial institution, including financial planning
University Degree
Completion of either CIM or CFA Level 1
PFP or CFP
Experience in Trading
Advanced MS Office skills (Word, Excel, Power Point )
Attention to detail, strong organizational skills, excellent oral and written skills, and technologically savvy

Nice To Haves

Tax planning experience
Portfolio Management skills
Successful completion of CSC

Responsibilities

Respond to all client inquiries, update client files as required and prepare client presentation material.
Prepare meeting material in advance and attend client meetings, if requested.
Draft correspondence and client newsletters.
Assist to prepare financial plans using RBC’s proprietary software.
Respond to tax related questions from accountants.
Assist with securities trading as directed by the Investment Counsellor.
Assist with Business Development activities by: developing and managing marketing lists, helping with new account presentations, and preparing new prospect proposals.
Prepare client Investment Policy Statements from a template, and model, monitor and provide suggestions to rebalance the portfolios.
Ensure that compliance to client mandate and portfolio models are met.
Assist the Investment Counsellor and the team with any additional ad hoc administrative duties as needed.