Institutional Portfolio Manager - Fixed Income

What is the opportunity?

• Join our growing Global Asset Management (GAM) team at RBC! We are seeking an Institutional Portfolio Manager (IPM) who will be focused on US Fixed Income. Primary coverage will be on the US investment grade and high yield strategies managed by our investment team in Stamford, CT while also ensuring appropriate coverage and support for the broader US fixed income platform.
• Reporting up through the RBC GAM US Distribution channel but working in very close proximity to the investment teams, this is an external, client-facing, investment specialist role.
• The successful candidate will lead the efforts and approach to positioning our US Fixed Income capabilities with institutional investors and support our Distribution teams for successful engagement with clients, consultants and prospects. They will also support the investment team to leverage key messaging into the various sales and client solutions teams.
• Collaborating with and supporting colleagues in similar roles on other teams and in other regions is an essential ingredient in executing on the responsibilities of this position.

What will you do?

• Act as a conduit of knowledge and information flow between the investment desks and distribution/client-facing teams; serve as the primary point of contact who leads on responding to client and prospect queries for market and portfolio level data for our US fixed income investment strategies.
• Attend client, consultant and prospect meetings as needed with the goal to reduce or eliminate need for direct support from the investment management team
• Lead on responding to RFPs, including developing high quality responses to RFP questions, guidance on solution design and pricing.
• Write regular high quality fixed income market commentaries as well as ad hoc thought leadership pieces in conjunction with the Investment and Marketing teams
• Conduct training on the relevant strategies including team structure, investment philosophy and process, key differentiating features of our team and strategy, in coordination with the Investment and Product teams as appropriate.
• Participate in investment strategy meetings with portfolio managers, providing relevant feedback from consultants, clients and prospects on current products as well as investment needs. Provide updates on opportunity pipeline, insight into key competitors' products and initiatives as inputs into further enhancing the team's market position. Identify trends, where and why we are succeeding and/or experiencing headwinds.
• Evaluate the range of available investment capabilities for relevance with Institutional investors and strategize the positioning of our team and capabilities with clients, consultants and prospects.
• Work with the Marketing team to inform activities to increase market recognition for the capability and lead portfolio managers, including conferences, events, webinars etc.
• Together with the Product team, ensure appropriate fund vehicles are in place, and maintain timely information on competing organizations and strategies, as well as investor trends that impact our activities and potential future product requirements.
• Work together with the investment teams and regional management teams to develop pricing guidelines, flexibility for mandate customization, and separate account AUM and revenue minimums
• Lead the preparation for portfolio manager road shows as well as ongoing monitoring of meeting activity and pipeline reporting.
• Work on projects as needed internally specifically to increase the effectiveness, efficiency and consistency of the service we provide to clients.
• Co-ordinate with other IPMs to build efficiencies into the process of supporting the Institutional distribution teams.

What do you need to succeed?

The Institutional Portfolio Manager must display a highly professional manner and work effectively as part of a global team with key stakeholders spread across multiple offices and time zones. The ideal candidate will possess exceptional communication and interpersonal skills, organizational qualities, and attention to detail.

Specific qualifications for the position also include:

• Bachelor's degree required with 10+ years of relevant experience in the asset management industry
• Deep understanding of the investment management industry and in particular the fixed income asset class
• Proficient computer skills with specific experience utilizing Microsoft Office (Excel, Word and PowerPoint) and keen interest to learn how to use proprietary in-house systems.
• Series 7 and 63 or the ability to obtain within 6 months of hire.
• CFA / CAIA designations strongly preferred.
• Strong investment writing skills; ability to summarise and simplify more complex concepts (eg performance attribution) in a digestible client-friendly manner.
• Strong time management and organizational skills with the ability to work well under pressure and manage multiple deadlines from different stakeholders.
• Effective problem-solver with strong analytical and resolution skills
• Critical thinking skills to help identify and improve process inefficiencies.
• A collaborative team player with a positive "can-do" attitude who is both proactive and forward-thinking.
• Willingness to travel to other RBC GAM offices and / or client premises as required.

What'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.

• 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
• Flexible work/life balance options.
• Opportunities to do challenging work.
• Opportunities to take on progressively greater accountabilities.
• Access to a variety of job opportunities across business.
• Positive work culture emphasizing diversity and inclusion, volunteerism and community involvement

The good-faith expected salary range for the above position is $130,000 - $210,000 depending on factors including but not limited to the candidate's experience, skills, registration status; market conditions; and business needs. This salary range does not include other elements of total compensation, including a discretionary bonus and benefits such as a 401(k) program with company-matching contributions; health, dental, vision, life and disability insurance; and paid time-off plan. RBC's compensation philosophy and principles recognize the importance of a highly qualified global workforce and plays a critical role in attracting, engaging and retaining talent that:

• Drives RBC's high performance culture
• Enables collective achievement of our strategic goals
• Generates sustainable shareholder returns and above market shareholder value

Where will I be based?

• The successful candidate will be based in our Stamford, CT office in a hybrid capacity (minimum of three in-office days per week)

Job Skills

Additional Job Details

Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above

Inclusion and Equal Opportunity Employment

At RBC, we believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.