Portfolio Management Co-opWhat is the opportunity?
As a member of the Portfolio Advisory Group, the Portfolio Management Co-op student helps advisors effectively manage portfolios for retail clients, with a focus on communication and publications, security selection, and portfolio construction across a range of financial instruments. You will empower advisors with better capabilities around portfolio monitoring, planning, construction, vehicle selection, and ongoing management.
The Portfolio Advisory team is responsible for advising RBC WM Canada's 1,800 Investment Advisors. The role deals more specifically with Canadian, US, and International equities, as well as overall considerations related to asset allocation and the market outlook. The team supports $170 bln in equity assets, including Canada's largest discretionary asset management program, and manages several different model portfolios, which have more than $10 billion of RBC DS client assets following their mandates. The team also manages a number of mandates on the firm's UMA platform. The team provides a considerable range of timely thought leadership through a broad range of internal and client-oriented media.
The ideal candidate should enjoy working in a team setting, be a strong problem solver and have the ability to interpret and articulate complex information. The breadth of asset classes covered and access to a large pool of intellectual capital translates into a fast paced, client centered, and advice driven environment. What will you do?
The Portfolio Management Co-op will research, analyze, and provide administrative support to Portfolio Advisors. Job will entail writing significant content for the Morning and Mid-Day notes, morning conference call and other publications which rank amongst the most widely read documents within all of RBC Dominion Securities. Other functions include: researching individual companies, building Excel models, answering calls from investment advisors and learning to utilize a Bloomberg terminal.Key deliverables or work tasks of the assignment include: Morning/Mid-Day Notes content
- Frequency: DailyRun numbers every morning to summarize the prior day's market activity.Summarize every morning the top five leaders and laggards for TSX and S&P 500 from the prior day.Assist in summarizing the company reports (Canada and US) from RBC CM research team.Facilitate the 8:45am DS advisors conference call (average 200 attendees).Create and compile a slide deck for the conference call.Summarize the conference call in a key topics publication. Month-in-Review - Fre quency: Monthly Draft, manage and publish the Month-In-Review (MIR) for DS advisors and their clients.Complete the MIR process on a timely basis (within 5 business days of the prior month end) with minimal edits. Assist DS Investment Advisors
- Frequency: Daily
Some examples include: Gain proficiency with Bloomberg and pull data for advisors when requestedGather information from company annual reports and investor presentationsContribute to featured commentaries on trending topics Special Projects
- Frequency: Ad Hoc Portfolio Advisors do a number of client presentations and Portfolio Management Co-op Intern will be asked to assist with presentation construction, including chart and table creation.Significant opportunity to build and enhance Excel tools that are frequently used by Investment Advisors.Ongoing refinement of PAG publications to make them more effective and useful for IAs. What do you need to succeed?Basic accounting and finance knowledgeInterest in financial marketsStrong Excel and PowerPoint skillsWorks well under pressureHighly OrganizedPro-activeStrong Interpersonal and communication skillsWhat's in it for you?
We thrive on the challenge to be our best, progressive thinking to keep growing, and working 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 success that is mutual.Leaders who support your development through coaching and managing opportunitiesAbility to make a difference and lasting impactWork in a dynamic, collaborative, progressive, and high-performing teamA world-class training program in financial servicesOpportunities to do challenging workOpportunities to take on progressively greater accountabilities Opportunities to building close relationships peers and other business partnersAbout RBC
Royal Bank of Canada is Canada's largest bank, and one of the largest banks in the world, based on market capitalization. We are one of North America's leading diversified financial services companies, and provide personal and commercial banking, wealth management, insurance, investor services and capital markets products and services on a global basis. We have over 80,000 full- and part-time employees who serve more than 16 million personal, business, public sector and institutional clients through offices in Canada, the U.S. and 37 other countries. For more information, please visit rbc.com .Inclusion and Equal Opportunity Employment
RBC is an equal opportunity employer committed to diversity and inclusion. We are pleased to consider all qualified applicants for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, protected veterans status, Aboriginal/Native American status or any other legally-protected factors. Disability-related accommodations during the application process are available upon request.JOB SUMMARY City:
155 Wellington St W-17th FlrWork Hours/Week:
37.5 hoursWork Environment:
Student JobPay Type:
PL10 Required Travel(%):
Management and Executive