Operations Associate III - Investment Advisor Operations, Performance Reporting & Reconciliation

Royal Bank of Canada

  • Minneapolis, MN
  • $40,000-65,000 per year
  • Permanent
  • Full-time
  • 7 days ago
Job DescriptionWhat is the opportunity?As an Operations Associate III in the Investment Advisor Operations Performance Reporting & Reconciliation team with RBC Wealth Management, you will maintain daily account reconciliation on outstanding cash and security positions and produce performance reports, calculate and report investment returns for all Managed Products. You will also maintain an active role to ensure cash flows are correct. In addition, you will create ad hoc customized performance reports and create and maintain quarterly reports for High Net Worth and Managed Account client base. Your partner closely with Professional Money Managers, our Private Client Group line of business, and Correspondent Firms.If you enjoy challenging work, solving complex problems, and are looking for the next step in your career, we want to hear from you!What will you do?
  • Maintaining and reporting of investment data for several managed accounts and products within Managed Accounts via an external vendor portfolio accounting system
  • Review all security processing including complex corporate actions
  • Responsible for completing all reconciliations to internal and external management systems, nightly pricing and account performance data
  • Provide performance reporting to High Net Worth and Managed Account client base
  • Track and utilize market-related indices to properly benchmark client performance
  • Help implement industry initiatives as well as internal efficiencies and improvements
  • Monitor performance reporting data and support questions from Financial Advisors
What do you need to succeed?Must-have
  • 4-year degree from an accredited university (or equivalent) OR high school diploma (or equivalent) AND two years of work-related experience
  • Knowledge on securities markets with Microsoft office based software products. Effective exceptions based processing skills and problem identification skills
  • Ability to communicate effectively both verbally and in writing, excellent customer service skills, organizational skills, and superb attention to detail
  • Ability to handle multiple priorities in a fast-paced and deadline driven environment
Nice-to-have
  • 4-year degree from an accredited university in business, finance or related field
  • 1+ year business, finance, customer service and/or accounting/securities experience
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 $40,000 - $65,000 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
Job Skills Active Learning, Communication, Critical Thinking, Customer Queries, Customer Service, Detail-Oriented, Microsoft Excel Microsoft PowerPoint (Inactive), Multitasking, Operational Delivery, Process Improvements, Time ManagementAdditional Job DetailsAddress: 250 NICOLLET MALL:MINNEAPOLISCity: MinneapolisCountry: United States of AmericaWork hours/week: 40Employment Type: Full timePlatform: WEALTH MANAGEMENTJob Type: RegularPay Type: SalariedPosted Date: 2025-08-28Application Deadline: 2025-09-20Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date aboveInclusion and Equal Opportunity EmploymentAt 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.Join our Talent CommunityStay in-the-know about great career opportunities at RBC. Sign up and get customized info on our latest jobs, career tips and Recruitment events that matter to you.Expand your limits and create a new future together at RBC. Find out how we use our passion and drive to enhance the well-being of our clients and communities at .

Royal Bank of Canada