PORTFOLIO MANAGER ASSOCIATEWHAT IS THE OPPORTUNITY?Implement proprietary strategies and asset allocation for RBC Rochdale Financial Advisors and clients. Assist Sr. Portfolio Managers (SPM) in the development of short-and long-term investment strategies and approaches to achieve investment goals for clients.
WHAT WILL YOU DO?- Partner with portfolio managers to recommend initial strategic asset class allocation for new clients, and recommendations for trades and allocation changes for existing clients.
- Respond to incoming calls, emails, and inquiries from clients and advisors - Portfolio characteristics, economic updates, and the firm's investment thesis - Specific strategies and solutions: business description and reasons we own - Tie everything to client's goals and aspirations - Create, research, and provide detailed ad-hoc analyses
- Manage the Book: analyses/activities on the total book of business, segments of the book, and client portfolios. - Track new clients and specific actions to take across the Book and for specific clients
- Trade execution; buy and sell securities to implement asset allocations for client portfolios, based on client's investment mandates, cash needs, firm strategy changes and general rebalancing; assess tax liabilities and client directed account restrictions to determine whether macro investment decisions are applicable on the account level; manage complex situations.
- Monitor client portfolios for deviations from specified strategy or to provide investment recommendations.
- Create and/or review client portfolio review presentations and portfolio risk/return analysis presentations.
- Manage the workflow and development of teammates: - Training of systems and procedures - Foster growth of responsibilities, and thinking, and serving clients - Delegate portfolio management tasks between the team members
- Reinforce PM/Research guidance throughout the team environment, i.e., a bridge between PMs/Research to teammates.
- Promote the development and growth of our colleagues; nurture and care about their aspirations and goals.
- Collaborate with technology, strategy, operations, trading teams, etc., to improve processes across the firm.
- Support the management of process control on the team.
- Complete special projects as requested.
WHAT DO YOU NEED TO SUCCEED?Required Qualifications*- Bachelor's Degree
- Minimum 4 years of experience in Investment Management
- FINRA Series 65, or the ability to obtain
Additional Qualifications- Master's Degree MBA and/or CFA, received or underway, preferred
- Think and act like a PM; stand in as the PM - team, client, and advisor facing; mindset of serving clients and advisors
- Well-versed on macro-economic environment, and able to tell the Rochdale story to convey our value-proposition, and convey and reinforce our messaging
- Interest in, desire to follow, and love for markets
- Ability to articulate the complex in understandable and consumable terms to advisors and clients with varied investment knowledge and understanding; shift seamlessly from high-level concepts to drill down into specifics
- Skill in demonstrating empathy, emotional intelligence, relationship management, and communications
- Extensive knowledge of markets and industry as well as portfolio management expertise
- Comprehensive understanding of Rochdale investment and research philosophy
- Analytical skills, ability to translate and implement theoretical into practical, flawless execution and quality, and attention to detail
- Operate well in a high growth environment; ability to manage high volume task orientation while contemplating future growth and team capabilities
- Ability to work independently and use sound judgment
- Extensive knowledge of the Firm's proprietary trading system, as well as the portfolio accounting system
- Assessment of skills and capabilities of others
- Teaching skills
- Continuous improvement mindset
- Strong problem solving skills
WHAT'S IN IT FOR YOU?CompensationStarting base salary: $92,114 - $156,880 per year. Exact compensation may vary based on skills, experience, and location. This job is eligible for bonus and/or commissions.
Benefits and PerksAt City National, we strive to be the best at whatever we do, including the benefits and perks we offer our colleagues including:
- Comprehensive healthcare coverage, including Medical, Dental and Vision plans, available the first of the month following start date
- Generous 401(k) company matching contribution
- Career Development through Tuition Reimbursement and other internal upskilling and training resources
- Valued Time Away benefits including vacation, sick and volunteer time
- Specialized health and family planning benefits including fertility benefits, and cancer, diabetes and musculoskeletal support programs
- Career Mobility support from a dedicated recruitment team
- Colleague Resource Groups to support networking and community engagement
Get a more detailed look at our Benefits and Perks.
