What is the opportunity?

The Alternative Investments Product Analyst will be an integral member of the alternative investment product team and serves as the primary platform support for alternative investment sold across the RBC U.S. Wealth Management distribution channel. This role assists in the management of key strategic initiatives and vendor relationships designed to support the alternative investments platform(s). This role is directly aligned to functional and organizational responsibilities around client service and operational risk management.

What will you do?

• Act as the performance reporting analyst/point of contact for Financial Advisors and other internal business lines.
• Responsible for data reconciliation of Private Capital and Hedge Fund cash flows and statements between RBC system and fund sponsors / fund administrators; analyze fund quarterly financial statement
• Oversee capital call and distribution notices and analyze performance and cash flow details, and resolve issues with fund manager if applicable.
• Drive initiatives regarding Alternative Investment workflow with third party performance vendor, project team and internal business lines.
• Ensure alternative investment K1 tax document is delivered to financial advisors and end client by fund’s reported timeline; maintain spreadsheet of communicated dates.
• Monitor alternative investment product inbox and action on emails, completely, accurately and timely.
• Assist with routine and ad-hoc administrative activities, including security setup, information collection, prospectus monitoring, and maintain fund attributes in third party database.
• Support the Alternatives Product Manager on projects required to ensure compliance with regulators, competitiveness, and advisor satisfaction.
• Assist in development and execution of key strategic initiatives, particularly with regards to alternatives
• Identify appropriate solutions to product and business challenges, and manage the implementation of enhancements to existing program

What do you need to succeed?

Must Have

• 2+ years financial markets experience in Alternative Investments
• 2+ years Alternative Investment performance reporting, date reconciliation and aggregation experience
• Undergraduate degree (BA / BS) with preferred concentration in business, economics, finance, or marketing.
• Advanced knowledge of financial markets and investment industry.
• Advanced knowledge of alternative investment products
• Proficient with Microsoft Office and Excel Spreadsheet – including but not limited to V - Look up; Pivot Tables etc. Ability to adapt to changing technology
• Detail-oriented, strong communicator, self-starter, strategic thinker who can build efficiencies

Nice to Have

• Securities industry licenses 7, 63 and 65, or series 66; or willingness to become licensed.
• Ability to liaise with other internal business lines and external clients, funds, and vendors

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

The good-faith expected salary range for the above position is $50,000 - $85,000, 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

#LI-SM3

Job Skills

Business Intelligence (BI), Commercial Acumen, Critical Thinking, Group Problem Solving, Interpersonal Relationship Management, Investment Performance, Product Services

Additional Job Details

250 NICOLLET MALL:MINNEAPOLISMinneapolisUnited States of America40Full timeWEALTH MANAGEMENTRegularSalaried2025-06-23

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.