Portfolio Management Assistant

What is the opportunity?

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 implementation & monitoring 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, the ability to handle large volumes of information, interpersonal skills and critical thinking.

• Provide excellence in customer service by responding to all client inquiries, updating client files as required, and preparing client presentation material.
• Prepare meeting material in advance and attend client meetings if requested.
• Draft correspondence and client newsletters, assist in preparing financial plans using RBC’s proprietary software, and respond to tax‑related questions from accountants.
• Assist with securities trading as directed by the Investment Counsellor.
• Assist with Business Development activities by developing and managing marketing lists, helping with new account presentations, and preparing new prospect proposals.
• Prepare client Investment Policy Statements from a template, model, monitor, and provide suggestions to rebalance the portfolios.
• Ensure compliance to client mandate and portfolio models is met.
• Assist the Investment Counsellor and the team with any additional ad hoc administrative duties as needed.

• 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 certification.
• Experience in Trading.
• Advanced MS Office skills (Word, Excel, PowerPoint).
• Attention to detail, strong organizational skills, excellent oral and written skills, and technological savviness.

• Tax planning experience.
• Portfolio Management skills.
• Successful completion of CSC.

We thrive on the challenge to be our best, progress with innovative thinking, and work 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 mutual success.

• A comprehensive Total Rewards Program including bonuses and flexible benefits, competitive compensation, commissions, and stock where applicable.
• Challenging work.
• Variety of assignments.
• Financial strength and a strong brand.
• Prestige.
• Management that supports your work and progression.

Address: 95 KING ST S:

WATERLOO

City:
Waterloo

Country:
Canada

Work hours/week: 37.5

Employment Type:

Full time

Platform: WEALTH MANAGEMENT

Job Type: Regular

Pay Type:

Salaried

Posted Date:

Final date to receive applications:

Compensation for this position (including salary and discretionary/variable payments) will be determined by factors, including but not limited to candidate’s experience, skills, registration status, performance, individual goals, market conditions, and business needs.

The expected pay range for this position is:

$54,000.00 - $85,000.00

The pay range provided is for the primary work location referenced in the Additional Details section of this job posting. Pay ranges may differ based on location. If the posting lists multiple job locations, a recruiter can confirm availability of the role and the relevant pay range for the additional locations listed. RBC supports pay transparency and we strive to ensure all pay ranges are competitive, fair, and equitable.

You have the potential to earn RBC’s discretionary variable compensation program which gives you an opportunity to increase your total compensation, provided that business meets its performance targets and you meet your individual goals.