Analyst, Portfolio Implementation

About the role

The Portfolio Implementation Team (PIT) acts as the primary group supporting UMA portfolio model management across the RBC US Wealth Management distribution channel. The PIT Team manages the daily and ongoing operational and trading responsibilities associated with portfolio model management. This role adds value by ensuring investment strategies delivered by internal or external investment managers are properly executed according to outlined policies and procedures.

The Portfolio Implementation Analyst is responsible for day-to-day planning, decision-making, and execution of the PIT trading processes for various model portfolios, aligning directly with RBC Wealth Management’s strategy of client service.

Responsibilities

Relationship Management

• Assist with on-boarding of internal/external model providers.
• Interact with internal/external model providers to ensure accurate and timely model portfolio change processing.
• Work with internal/external model providers to ensure smooth communications and timely, accurate exchange of information.
• Collaborate with internal/external model providers and other partners to optimize trading processes while reducing risk and potential for error.

Portfolio Management

• Perform Portfolio Implementation Team operations and trading duties, including:
• Support day-to-day portfolio management and trade processing of various model portfolios through exceptional client service, leadership, and execution.
• Implement new account asset allocation and investment fulfillment.
• Implement and monitor client-specific constraints and guidelines.
• Perform account re-balancing and updates according to internal/external model providers and asset-class weights.
• Facilitate cash flows, contributions, and withdrawals.
• Monitor asset allocation guidelines, model drift, and dispersion.
• Manage model allocation monitoring and corporate actions for timely and accurate implementation.
• Process new and terminated accounts.
• Assist in reviewing portfolio risks.
• Research significant or unexpected dispersion.
• Calculate and coordinate trade error correction efforts, analysis, and processing.

Project / Initiative Management

• Support PIT leadership in managing the audit and reporting process for various model portfolios, including:
• Assist with creation and maintenance of department procedures.
• Develop and maintain risk management practices to limit risk exposure.
• Establish processes to anticipate market trends.
• Design, coordinate, and implement process changes to achieve efficiency and quality.
• Review procedures and systems to ensure they are maximized and that IAG management reporting is timely and accurate.
• Provide daily, monthly, and quarterly report generation (e.g., daily activity report, 13f, PIT Operating Report).
• Gather data, analyze, and report information.
• Assist with cash level review, security drift review, and audit code review.
• Provide ad hoc projects as required.

Requirements

Must-have

• 3–5 years of securities and financial markets experience with a focus on portfolio administration, portfolio management, investment operations, or trading support roles.
• BA/BS in Finance, Economics, Business Administration, or related field.
• Series 7, 63/65, or 66 (or ability to obtain licenses within prescribed timeframe).
• Basic understanding of the broker/dealer industry, distribution channels, managed accounts, trade practices, and portfolio rebalancing.
• Experience with Envestnet or other portfolio accounting and portfolio management systems.
• Experience with equities, fixed income, mutual funds, and ETFs.
• Experience working with sub-advisors within a multi-manager offering.
• Strong computer skills—specifically Microsoft Excel and Access.
• Proficient business math skills.

Nice-to-have

• Prior portfolio accounting reconciliation or trade processing experience.

Benefits

• A comprehensive Total Rewards Program, including competitive compensation and flexible benefits such as:
• 401(k) program with company-matching contributions.
• Health, dental, vision, life, and disability insurance.
• Paid-time off.
• Leaders who support 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 and build close relationships with clients.

Pay

The expected salary range for this position is $55,000–$95,000, depending on experience, skills, registration status, market conditions, and business needs. Additional earnings potential is available through RBC’s discretionary variable compensation program, contingent on business performance and individual goals.

Schedule

Full-time, 40 hours per week.

Location: 250 Nicollet Mall, Minneapolis, United States of America.