The RBC Wealth Management Generalist Program offers an unparalleled opportunity to gain experience within Canada's largest wealth management organization through a variety of business, strategy and market-related roles.
Generalists can rotate through a number of business units including RBC Asset Management, RBC Dominion Securities, RBC Wealth Management International, RBC Phillips, Hager & North Investment Counsel and RBC Direct Investing.
What we offer you
After completing the program, Generalists have gone on to enjoy rewarding and successful careers within many RBC Wealth Management businesses. Examples of positions held by former Generalists include:
- VP, Special Projects, RBC Asset Management
- Senior Manager, Business Initiatives, International Wealth Management
- Senior Manager, Growth Strategies, RBC Direct Investing
- Associate Portfolio Manager, RBC Asset Management
- Research Associate, RBC Asset Management
- Associate Investment Counselor, RBC Phillips, Hager & North Investment Counsel
- Equity Portfolio Advisor, Equity Portfolio Advisory Desk, RBC Dominion Securities
Here are some examples of possible rotation assignment areas:
RBC Wealth Management, Strategy and Change Management – International:
A Generalist working on the Strategy team gets an opportunity to understand the structure, direction and strategy of the Wealth Management division at RBC. The Generalist works directly with the Strategy team on cross-platform, collaborative projects with senior leaders.
Some typical rotations include:
How you will spend your day in Strategy & Change Management (International)
Ensuring stakeholders are informed of ongoing changes and able to smoothly conduct business at all times
Participating in team meetings and professional development to ensure a consistent message is being delivered
Maintaining compliance and risk standards
Attaining a thorough understanding of Wealth Management International products to intelligently add value in discussions with relevant parties
RBC Dominion Securities, Equity Portfolio Advisory Group
Play an active role in the day-to-day tasks of the Portfolio Advisory Desk. This role offers you the opportunity to explore and learn about the portfolio management process.
How you will spend your time in the Equity Portfolio Advisory Group
Staying on top of economic developments and supporting Investment Advisor teams with market-related inquiries, research and publications
Enhancing market knowledge by providing up-to-date content for the daily newsletter distributed to Investment Advisors across the firm
Developing strong research capabilities by exploring a great array of companies, industries and sectors
Improving writing, communications and time management skills through a variety of ongoing projects
RBC WM Global Wealth Services team.
As a part of a dynamic team of Global Wealth Services, you have a unique opportunity to combine strategy and operations. The desired outcomes may change with project and business needs. A recent rotation in this program was with:
How you will spend your time in a Operations/Strategy role
Conducting interviews with users to obtain feedback on new software developments
Liaising with front-end developers, back-end developers and Quality Assurance to identify technical issues and develop solutions
Creating user guides/other materials to support user learning and training
Collaborating with business and IT teams to integrate user feedback in the software
Investment Products Advisory Group, RBC Global Asset Management
The Investment Products Advisory Group supports RBC Global Asset Management’s products and Capital Markets’ view across all Canadian retail distribution channels. The group’s primary responsibility is to act as a link between investment management and sales, effectively positioning and supporting the firm’s offerings across multiple distribution channels.
How you will spend your time in the Investment Products Advisory Group
Answering phone calls from Investment Advisors to address their equity markets-related questions and provide ad-hoc information and commentary
Researching companies or investment ideas to present to the team to be included in publications, focus lists or managed portfolios
Preparing summary research pieces on equity markets for the team’s daily, weekly and monthly publications
Attending meetings with Capital Markets Analysts or company executives to learn more about a certain company or industry
Analyst for the Global Equity fund:
The objective of the RBC Global Asset Management Global Equity fund is to provide long-term capital appreciation by investing primarily in equities of a diversified mix of companies in various countries around the world. The role of the analyst is to conduct in-depth research on companies to determine whether they are appropriate for the portfolio. The analyst also assists in monitoring the performance of existing investments within the portfolio to help decide whether positions should be trimmed, increased or removed.
How you will spend your day as an Analyst for the Global Equity fund
Conducting in-depth research, including equity valuations, on large-cap Asian, European and U.S. stocks using sell-side research, Bloomberg and industry reports
Hosting in-person and telephone meetings with sell-side analysts and/or management to discuss the merits of specific companies
Attending Global Equity team meetings to review the portfolio’s performance and discuss the stocks that other team members are evaluating
Attending conferences held at other banks around London, England to get ideas for stock names, industry treads; and to meet other analysts
Fixed Income Portfolio Advisory Group, RBC Dominion Securities:
Working on the Fixed Income Portfolio Advisory desk offers you the chance to play an active role in providing support to Portfolio Advisors on their day-to-day tasks. You will develop a good understanding of the fixed income market and work on the trading floor directly alongside Traders.
How you will spend your time in the Fixed Income Portfolio Advisory Group
Leveraging the Bloomberg terminal, daily calls and meetings to stay on top of economic developments to support the team
Helping Portfolio Advisors with their Investment Advisor calls by providing suggestions, research and other administrative support throughout the day
Reviewing daily market events and summarizing the major economic news stories for the next day’s newsletter
Researching and producing charts and graphs for a variety of projects; building a fixed income portfolio using the list of fixed income securities in the Investment Advisor’s mandate