Posted 3 hours ago
Director, External Managers – Alternatives
@ Royal Bank of Canada
Toronto, Ontario
Requirements summary:
- Ensure compliance with accounting standards and insurance regulatory requirements
- Ensure managers comply with regulatory requirements and RBC policies
- 10+ years in investment management or alternatives experience
- Minimum 5 years managing external managers or portfolio management responsibilities
- Strong knowledge of alternative asset classes
- Proven team leadership and people management experience
Source and dates
Employer career site / ATS feed · phenom
- Employer posting date
- 2026-11-12
- First seen by our source
- 2026-11-12
- Source record updated
- 2026-11-12
These dates describe the source record, not a live verification that the employer is still hiring. Check the original posting.
Royal Bank of Canada
Stock listing: TSX:RY · NYSE:RY · Source checked: 2026-11-02
Saved company profile
Historical company information from a saved The Jobs API profile (LinkedIn/Crunchbase fields). It is not live-verified; figures may have changed. Missing values remain unknown.
Full company description
Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 94,000+ employees who leverage their imaginations and insights to bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada's biggest bank and one of the largest in the world, based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to our more than 17 million clients in Canada, the U.S. and 27 other countries. Learn more at rbc.com. We are proud to support a broad range of community initiatives through donations, community investments and employee volunteer activities. See how at www.rbc.com/community-social-impact. http://rbc.com/legalstuff. La Banque Royale du Canada est une institution financière mondiale définie par sa raison d'être, guidée par des principes et orientée vers l'excellence en matière de rendement. Notre succès est attribuable aux quelque 94 000+ employés qui mettent à profit leur créativité et leur savoir faire pour concrétiser notre vision, nos valeurs et notre stratégie afin que nous puissions contribuer à la prospérité de nos clients et au dynamisme des collectivités. Selon la capitalisation boursière, nous sommes la plus importante banque du Canada et l'une des plus grandes banques du monde. Nous avons adopté un modèle d'affaires diversifié axé sur l'innovation et l'offre d'expériences exceptionnelles à nos plus de 17 millions de clients au Canada, aux États Unis et dans 27 autres pays. Pour en savoir plus, visitez le site rbc.com/francais Nous sommes fiers d'appuyer une grande diversité d'initiatives communautaires par des dons, des investissements dans la collectivité et le travail bénévole de nos employés. Pour de plus amples renseignements, visitez le site www.rbc.com/collectivite-impact-social. https://www.rbc.com/conditions-dutilisation/
- LinkedIn followers
- 932,626
- People associated on LinkedIn
- 96,867
- Reported office locations
- 200 Bay Street, Toronto, Ontario M5J 2J5, CA
- 1 Place Ville-Marie, Montreal, QC H3B 1Z3, CA
- 2 Park St, Sydney, NSW 2000, AU
- 100 Bishopsgate, London, England EC2N 4AA, GB
- Persiaran Apec, Cyberjaya, Selangor 63000, MY
- 60 S 6th St, Minneapolis, MN 55402, US
- Business categories
- Wealth Management
- Commercial Lending
- Finance
- Banking
- Payments
- Asset Management
- Insurance
- Lending
- Financial Services
- Financial Exchanges
- Other recorded names
- Royal Bank of Canada
- RBC
- Specialties
- finance
- banking
- investing
- insurance
- financial planning
- wealth management
- and capital markets
- Profile identifies a recruitment agency
- No
- Reported total investment
- 22,251,000
Currency and observation date were not supplied; this is not a current valuation or a funding round.
Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 94,000+ employees who leverage their imaginations and insights to bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada's biggest bank and one of the largest in the world, based on market…
| Field | Value |
|---|---|
| Industry | Banking |
| Company size | 10,001+ employees |
| Headquarters | Toronto, Ontario |
| Organization type | Public Company |
| Specialties | financebankinginvestinginsurancefinancial planningwealth managementand capital markets |
| Open jobs on Jobsy | 1,094 |
| View page |
Job Description
What is the opportunity?
We are seeking an experienced Director to lead a team of portfolio managers overseeing relationships with external fund managers and alternative investment partners. This role is responsible for portfolio construction, performance monitoring, strategic engagement with third-party managers, and developing expertise in alternative insurance-linked strategies.
What will you do?
Team Leadership & Management
- Lead, mentor, and develop a team of portfolio managers
- Assign portfolio responsibilities and set performance expectations
- Conduct performance reviews and identify training/development needs
- Foster a collaborative, high-performing team culture
Manager Oversight & Performance
- Oversee monitoring and evaluation of external alternative managers against agreed benchmarks and KPIs
- Conduct regular performance reviews and provide constructive feedback
- Manage manager contracts, fees, and commercial negotiations
- Escalate underperformance issues and develop remediation plans
Portfolio Management – General Alternatives
- Develop and maintain diversified portfolio of alternative investments (Private Debt, Infrastructure, private equity, real estate, Structured Products etc.)
- Conduct due diligence on prospective managers and investment opportunities
- Make recommendations on manager selection, retention, and termination
- Ensure alignment between manager strategies and RBC Insurance investment objectives
Strategic Investment Leadership
- Research, evaluate, and implement new asset classes and investment strategies
- Develop approval recommendations and establish appropriate governance frameworks
- Create portfolio guidelines, performance measurements, and reporting frameworks for new initiatives
- Build and maintain deep expertise in insurance-linked securities, strategies and investment vehicles
- Stay current with insurance industry trends, regulatory changes, and market developments
Cross-Functional Collaboration
- Build and maintain strong relationships with actuarial, finance, risk and business teams
- Partner with external managers and advisors on portfolio optimization
- Partner with external counsel on the completion and negotiation of legal contracts
- Facilitate communication between investment and operational teams to ensure alignment
Investment Accounting & Financial Reporting
- Provide subject matter expertise on insurance investment accounting and financial reporting
- Review and challenge investment results, valuation approaches, and disclosures
- Support accurate and timely financial reporting to stakeholders and regulators
- Ensure compliance with accounting standards and insurance regulatory requirements
Relationship Management
- Serve as primary point of contact for key external managers
- Schedule and lead manager meetings, reviews, and strategy sessions
- Foster collaborative relationships to optimize outcomes for RBC Insurance
- Communicate portfolio updates and expectations clearly
- Develop relationships with insurance brokers and industry specialists as needed
Risk & Compliance
- Ensure managers comply with regulatory requirements and RBC policies
- Monitor liquidity, leverage, and concentration risks
- Prepare risk reports and maintain audit trails
- Escalate compliance concerns promptly
Reporting & Analytics
- Generate performance reports and investment dashboards for stakeholders
- Analyze manager attribution and contribution to portfolio returns
- Track and report on portfolio-specific metrics and risk factors
What do you need to succeed?
Must-have
- 10+ years in investment management or alternatives experience
- Minimum 5 years managing external managers or portfolio management responsibilities
- Strong knowledge of alternative asset classes
- Proven team leadership and people management experience
- Excellent relationship management and communication skills
- Financial analysis and quantitative capabilities
Educational Requirements and Accreditations
- Professional investment or risk designation (e.g., CFA, FRM, CAIA) or equivalent institutional investment experience required
- Additional actuarial credentials (e.g., FSA or ASA) are considered an asset
Nice-to-have
- Background in insurance industry
- Experience with alternative manager due diligence frameworks
- Track record building and scaling alternative investment platforms
- Knowledge of insurance investment accounting and regulatory reporting
What’s in it for you?
Whether it’s developing new skills, opportunities to innovate and grow, modern and comprehensive benefits, or the flexibility to enjoy the moments that matter, at RBC you have everything you need at your fingertips to build your career and life.
- Working with an award-winning team Awards | RBC Diversity & Inclusion
- A comprehensive Total Rewards package that prioritizes your overall wellbeing, including flexible and modern benefits, competitive compensation and stock options
- Work where you belong as part of a supportive, inclusive team and company that celebrate your unique perspectives, background and experience and want you to bring your whole self to work, every day.
- Leaders who are invested in your success and provide opportunities to learn, to grow and to try new things. Develop new skills, sharpen existing ones and explore paths you never knew existed with a host of learning programs and tools designed to support you in every phase of your career.
- An opportunity to have real impact on the lives of our clients and the communities you serve.
- RBCI software tools to boost your productivity
Job Skills
Financial Derivatives, Investment Consulting, Investment Performance Measurement, Investment Risk Management, Investments, Investments Analysis, Long Term Planning, Portfolio Management, Product Services, Risk ControlAdditional Job Details
Address:
RBC CENTRE, 155 WELLINGTON ST W:TORONTOCity:
TorontoCountry:
CanadaWork hours/week:
37.5Employment Type:
Full timePlatform:
INSURANCEJob Type:
RegularPay Type:
SalariedPosted Date:
2026-11-12Application Deadline:
2026-11-26Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above
Compensation for this position (including salary and discretionary/variable payments) will be determined by factors, including but not limited to candidate's experience, skills, registration status, performance, individual goals, market conditions, and business needs.
Pay Range
The expected pay range for this position is:
$125,000.00 - $175,000.00The pay range provided is for the primary work location referenced in the Additional Job Details section of this job posting. Pay ranges may differ based on location. If the posting lists multiple job locations, a recruiter can confirm availability of the role and the relevant pay range for the additional locations listed. RBC supports pay transparency and we strive to ensure all pay ranges are competitive, fair, and equitable.
You have the potential to earn RBC's discretionary variable compensation program which gives you an opportunity to increase your total compensation, provided that business meets its performance targets and you meet your individual goals.
Our Employment Opportunities
At RBC, we are guided by living shared values of Client First, Integrity, Collaboration, Respect and Excellence and winning together as One 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.
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RBC is presently inviting candidates to apply for this existing vacancy. Applying to this posting allows you to express your interest in this current career opportunity at RBC. Qualified applicants may be contacted to review their resume in more detail.
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