Portfolio Manager Associate

ABOUT US RBC Rochdale partners with financial advisors and their high‑net‑worth clients to build intelligently personalized investment portfolios. RBC 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 Financial Advisors and clients. Assist Senior Portfolio Managers 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 regarding portfolio characteristics, economic updates, and the firm’s investment thesis; provide specific strategies and solutions, tie everything to client goals and aspirations, and create, research, and provide detailed ad‑hoc analyses. Manage the book: analyses and 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 for specific clients. Execute trades; buy and sell securities to implement asset allocations for client portfolios based on client mandates, cash needs, firm strategy changes, and general rebalancing; assess tax liabilities and account restrictions to determine macro investment decisions at the account level and manage complex situations. Monitor client portfolios for deviations from specified strategy and provide investment recommendations. Create and review client portfolio review presentations and portfolio risk/return analysis presentations. Manage workflow and development of teammates: train on systems and procedures, foster growth of responsibilities and thinking, delegate portfolio management tasks. Reinforce PM/Research guidance throughout the team, acting as a bridge between PMs/Research and teammates. Promote development and growth of colleagues; nurture and care about their aspirations and goals. Collaborate with technology, strategy, operations, trading teams, etc., to improve processes across the firm. Support management of process control on the team. Complete special projects as requested. WHAT DO YOU NEED TO SUCCEED? Required Qualifications Bachelor’s Degree or equivalent. Minimum 4 years of experience in investment management. FINRA Series 65 or Series 66, or ability to obtain one. 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 in macro‑economic environment and able to convey the Rochdale story and value‑proposition. Interest in, desire to follow, and love for markets. Ability to articulate the complex in understandable terms to advisors and clients with varied investment knowledge; shift from high‑level concepts to specifics. Skill in demonstrating empathy, emotional intelligence, relationship management, and communications. Extensive knowledge of markets and industry and portfolio management expertise. Comprehensive understanding of Rochdale investment and research philosophy. Analytical skills, ability to translate theory into practical execution and quality, and attention to detail. Operate well in a high‑growth environment; manage high‑volume tasks while planning for future growth and team capabilities. Ability to work independently and use sound judgment. Extensive knowledge of the firm’s proprietary trading system and portfolio accounting system. Assessment of skills and capabilities of others. Teaching skills. Continuous improvement mindset. Strong problem‑solving skills. Compensation Starting 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 Perks 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. ABOUT US Since day one we've always gone farther than the competition to help our clients, colleagues and communities flourish. City National Bank was founded in 1954 by entrepreneurs for entrepreneurs, and that legacy of integrity, community and unparalleled client relationships continues today. City National is a subsidiary of Royal Bank of Canada, one of North America’s leading diversified financial services companies. To learn more about City National and our dynamic company culture, visit us at City National website. INCLUSION AND EQUAL OPPORTUNITY EMPLOYMENT City National Bank fosters an inclusive environment where all forms of diversity are valued and leveraged to make us a better company and employer. We are an equal‑opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sexual orientation, gender identity, national origin, disability, veteran status or other basis protected by law. It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability. Represents basic qualifications for the position. To be considered for this position, you must at least meet the required qualifications. Careers.cnb.com accepts applications on an ongoing basis, until filled. Unless otherwise indicated as fully remote, reporting into a designated City National location is an essential function of the job. #J-18808-Ljbffr City National Bank