Senior Manager – Pension Investments

Job Description What Is The Opportunity?

The Senior Manager, Pension Investments will support investment-related activities pertaining to RBC's Canadian defined benefit and defined contribution pension portfolios, with a focus on long‑term, risk‑adjusted returns, participant capital accumulation options and funded status stability. This role partners with senior investment staff to evaluate external investment managers and strategies, monitor portfolio performance, support asset allocation decisions aligned with pension liabilities and fiduciary obligations, and otherwise support plan investment oversight and activity.

• Assist in investment manager research, selection and investment due diligence across public and private markets.
• Assist in ongoing evaluation, monitoring, and review of RBC pension plans' investment strategies.
• Monitor portfolio risk metrics and contribute to risk mitigation strategies.
• Participate in investment manager meetings and incorporate findings into portfolio underwriting.
• Execute, maintain, and continuously improve investment due diligence, performance monitoring, and other relevant investment origination and monitoring frameworks, policies, and processes.
• Monitor existing managers and mandates for performance, style drift and portfolio fit.
• Support implementation and oversight of liability hedging portfolio, FX and derivative overlays.
• Contribute to responsible investing / ESG assessments, reporting, and monitoring.
• Prepare investment memos, committee materials and recommendation presentations.
• Attend industry conferences and liaise with industry peers to bring best practice insights into the fund.

• 5 to 7 years of relevant experience working in asset management, securities analysis, capital markets or similar.
• Experience and expertise with computer applications and proficiency with complex Excel spreadsheets. Experience with Power BI and Python would be considered an asset.
• Experience assessing investment sustainability, performance and risk analysis, including ESG integration.
• Bachelor's degree in finance, statistics, mathematics or other field with complementary demonstrated investment experience and/or related degrees.
• A professional designation (or progress towards) in a relevant investment industry discipline, e.g., CFA, FRM, CAIA, AS.
• Strong understanding of portfolio construction, investment risk measurement metrics and concepts, and portfolio performance measurement data.
• Excellent interpersonal skills and ability to communicate effectively with colleagues, verbally and in writing, at different levels of the organization and a broad spectrum of external contacts.
• Strong attention to detail and accuracy with the ability to identify and solve data and calculation errors.
• Fast learner with new and existing tools. Willingness and flexibility to try new approaches to improve current processes.
• Ability to work independently, identify and solve problems through conducting analysis supported by facts.

• A comprehensive Total Rewards Program including bonuses and flexible benefits, competitive compensation, commissions, and stock where applicable.
• 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.
• A world‑class training program in financial services.
• Flexible work/life balance options.
• Opportunities to do challenging and rewarding work.

• Asset Allocation
• Communication
• Critical Thinking
• Detail‑Oriented
• Financial Regulation
• Interpersonal Relationship Management
• Investment Allocation
• Investment Performance Measurement
• Investment Reporting
• Personal Development
• Personal Initiative
• Portfolio Performance Analysis
• Quantitative Methods

Location: Toronto, Canada.
Work hours/week: 37.5.
Employment type: Full time.
Pay type: Salaried.