Product Due Diligence Analyst

WHAT IS THE OPPORTUNITY?

The Packaged Solutions team is the primary source of product development, management, and support for investment products sold throughout RBC US Wealth Management, including mutual funds, ETFs, CEFs, and 529 plans. In this role, you will conduct research, analysis, and due diligence on investment management firms offering these products, directly influencing the quality of investment advice available to RBC advisors. You will evaluate products for inclusion or removal from RBC platforms and communicate your recommendations across internal and external stakeholder groups, playing a critical role in ensuring platform competitiveness while managing regulatory and operational risk.

WHAT WILL YOU DO?

• Conduct initial and ongoing qualitative and quantitative analysis on investment products, including firm structure, portfolio management, investment approach, and performance.
• Gather and analyze research data from multiple sources to identify competitive landscape trends and ensure product offerings align with market and client needs.
• Recommend products for inclusion on or removal from RBC platforms, communicating the rationale both verbally and in writing to advisors, internal partners, and external parties.
• Represent the product team in meetings with asset managers, advisors, and internal stakeholders; attend industry conferences as appropriate.
• Maintain and leverage proprietary and external tools and systems to support efficient and regular platform review.
• Collaborate with internal research teams, product management, and technology partners to support platform competitiveness and advisor satisfaction.
• Execute strategic and ad-hoc projects to meet regulatory oversight responsibilities and business objectives.

WHAT DO YOU NEED TO SUCCEED?

 Must have:

• Bachelor's degree (BA/BS) in related field and a minimum of 2+ years of investment research or investment analysis experience.
• Broad knowledge of financial markets, investment industry, and mutual fund, ETF, and CEF products.
• Detailed understanding of regulatory rules and firm requirements related to complex products and platform suitability.
• Strong analytical and problem-solving skills with keen attention to detail and excellent organizational abilities.
• Ability to work independently with limited direction while collaborating effectively within a team environment.

Nice-to-have: 

• CFA designation or willingness to pursue
• Securities licenses (Series 7, 63, 65, or 66) or willingness to pursue
• Advanced MS Office skills, including VBA experience
• Understanding of portfolio management concepts and investment management responsibilities.

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
• A world-class training program in financial services
• Flexible work/life balance options
• Opportunities to do challenging work

The expected salary range for this particular position is $70,000-$130,000 depending on your experience, skills, and registration status, market conditions and business needs.

You have the potential to earn more through RBC’s discretionary variable compensation program which gives you an opportunity to increase your total compensation, provided the business meets its performance targets and you meet your individual goals.

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