What are the responsibilities and job description for the Associate Portfolio Manager position at Royal Bank of Canada?
Job Description
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.
What do you need to succeed?
Must-have
- 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-have
On track to a CFA designation
What’s in it for you?
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.
RBC’s compensation philosophy and principles recognize the importance of a highly qualified global workforce and plays a critical role in attracting, engaging and retaining talent that:
- Drives RBC’s high-performance culture
- Enables collective achievement of our strategic goals
- Generates sustainable shareholder returns and above market shareholder value
Job Skills
Critical Thinking, Financial Planning and Analysis (FP&A), Financial Services Industry, Fund Analysis, Investment Banking, Investment Banking Analysis, Investment Performance Measurement, Investment Risk Management, Investments AnalysisAdditional Job Details
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Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above
Our Employment Opportunities
At RBC, we are guided by living shared values of Client First, Integrity, Collaboration, Respect and Excellence and winning together as One RBC. We believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.
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RBC is presently inviting candidates to apply for this existing vacancy. Applying to this posting allows you to express your interest in this current career opportunity at RBC. Qualified applicants may be contacted to review their resume in more detail.
Salary : $70,000 - $130,000