Portfolio Manager Associate

ABOUT USRBC Rochdale provides investment research, portfolio management, macroeconomic outlook and strategic asset allocation to help clients meet their long-term goals. RBC Rochdale, LLC is an SEC-registered investment adviser and wholly-owned subsidiary of City National Bank.

PORTFOLIO MANAGER ASSOCIATE WHAT IS THE OPPORTUNITY?

Implement proprietary strategies and asset allocation for RBC Rochdale 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
- 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 ManagementFINRA 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 and client facing; mindset of serving clients

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 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…