Portfolio Management Assistant

RBC•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
Technologically savvy

Nice To Haves

Tax planning experience
Portfolio Management skills
Successful completion of CSC

Responsibilities

Responding to all client inquiries
Updating client files as required
Preparing client presentation material
Preparing meeting material in advance and attending client meetings, if requested
Drafting correspondence and client newsletters
Assisting to prepare financial plans using RBC’s proprietary software
Responding to tax related questions from accountants
Assisting with securities trading as directed by the Investment Counsellor
Developing and managing marketing lists
Helping with new account presentations
Preparing new prospect proposals
Preparing client Investment Policy Statements from a template
Modeling, monitoring and providing suggestions to rebalance the portfolios
Ensuring that compliance to client mandate and portfolio models are met
Assisting the Investment Counsellor and the team with any additional ad hoc administrative duties as needed.