RBC Wealth Management Rotational Program Overview and Benefits

The RBC Wealth Management Rotational Program is a fantastic way to kickstart your career in wealth management. This program provides a comprehensive training experience that exposes you to various aspects of the industry.

You'll have the opportunity to work in different roles and departments, gaining hands-on experience and developing a broad range of skills. The program is designed to last 2-3 years, giving you ample time to explore and learn.

The RBC Wealth Management Generalist Program is a unique rotational program that develops future leaders within RBC Wealth and Asset Management.

It's offered to a select number of individuals each year who exhibit leadership potential and a versatile mindset, and welcomes applicants with diverse work or education backgrounds.

Ideal applicants are curious, open, and innovative thinkers who are looking to develop a dynamic skill set and breadth of experience to accelerate their careers within RBC.

Candidates should have a master’s level degree or be starting the final year of a graduate program when applying.

The program is dynamic, lasting 24 months, and offers the opportunity to gain an understanding of the day-to-day operations of several wealth management businesses and a high-level understanding of the entire RBC Wealth Management enterprise.

As a Generalist, you will complete four six-month rotations where you will collaborate with leaders on complex assignments while developing your skills through formal training.

The RBC Wealth Management Rotational Program offers a unique opportunity for growth and development. As a participant, you'll benefit from one-to-one mentoring by executives for the duration of the program.

Monthly coaching from the program manager will support your development, assignment matching, and career planning. This personalized approach ensures you stay on track and achieve your goals.

You'll have the chance to learn from experience in a series of assignments designed to hone your leadership skills and increase your knowledge of various RBC Wealth Management businesses.

Following the successful completion of the program, you'll continue your career in a mutually agreed upon area. This is a great opportunity to leverage the skills and knowledge you've gained to take on new challenges and responsibilities.

Here are some key benefits of the program:

The RBC Wealth Management Generalist Program offers a unique opportunity to gain experience in various business, strategy, and market-related roles.

You'll have the chance to rotate through several business units, including RBC Asset Management, RBC Dominion Securities, and RBC Wealth Management International.

These rotations will provide you with a broad understanding of the organization and help you develop a wide range of skills.

Rotations offer a unique chance to gain experience within a large wealth management organization. You can rotate through various business units, including RBC Asset Management, RBC Dominion Securities, and RBC Wealth Management International.

Rotating through different units can provide a broad understanding of the organization's operations. This can be especially valuable for those new to the industry or looking to transition into a new role.

The Generalist Program allows you to gain experience in business, strategy, and market-related roles. This can be a great way to explore different areas of the organization and find where your skills and interests align.

Some of the business units you can rotate through include RBC Phillips, Hager & North Investment Counsel and RBC Direct Investing.

At RBC Dominion Securities, you'll have the opportunity to play an active role in the day-to-day tasks of the Portfolio Advisory Desk. This role offers you the chance to explore and learn about the portfolio management process.

You'll improve your writing, communications, and time management skills through a variety of ongoing projects. These projects will help you develop valuable skills that are essential in any career.

Collaborating with business and IT teams is also a key part of this role, where you'll work together to integrate user feedback into software. This is a great way to learn about the importance of teamwork and communication in a professional setting.

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In the Equity Portfolio Advisory Group, you'll spend your time staying on top of economic developments, supporting Investment Advisor teams with market-related inquiries, research, and publications.

You'll also be enhancing market knowledge by providing up-to-date content for the daily newsletter distributed to Investment Advisors across the firm.

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Developing strong research capabilities is another key aspect, where you'll explore a great array of companies, industries, and sectors.

Collaboration is a crucial part of this role, as you'll be working closely with business and IT teams to integrate user feedback in the software.

By taking on these tasks, you'll have the opportunity to improve your writing, communications, and time management skills through a variety of ongoing projects.

In the Fixed Income Portfolio Advisory Group, you'll work on the trading floor alongside Traders, developing a good understanding of the fixed income market. You'll be actively involved in supporting Portfolio Advisors with their day-to-day tasks.

To stay on top of economic developments, you'll leverage the Bloomberg terminal, attend daily calls and meetings, and review market events to summarize the major economic news stories for the next day's newsletter. This will help you provide valuable insights to the team.

You'll also help Portfolio Advisors with their Investment Advisor calls, providing suggestions, research, and administrative support throughout the day. This hands-on experience will help you develop strong research capabilities and enhance your market knowledge.

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One of the exciting aspects of this role is the opportunity to research and produce charts and graphs for various projects, building a fixed income portfolio using the list of fixed income securities in the Investment Advisor's mandate. This will give you hands-on experience with real-world data and market analysis.

If you're interested in the RBC Wealth Management Rotational Program, you'll need to go through a virtual interview as part of the first round selection process.

Selected candidates will be contacted for an interview, so make sure to keep an eye on your email for any notifications. Those who make it to the final round will participate in virtual or in-person recruitment activities in Toronto, depending on travel restrictions.

You can expect to hear back from the program organizers by late summer 2024, as that's when the final selection will be completed.

To summarize the application and hiring process for the RBC Wealth Management Rotational Program, here's a quick rundown: