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 Control Additional Job Details Address: RBC CENTRE, 155 WELLINGTON ST W:TORONTO City: Toronto Country: Canada Work hours/week: 37.5 Employment Type: Full time Platform: INSURANCE Job Type: Regular Pay Type: Salaried Posted Date: 2026-11-12 Application Deadline: 2026-11-26 Note: 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 - $175,000.00 The 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. Join our Talent Community Stay 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 jobs.rbc.com. 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. 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 84,000+ employees who 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 more than 16 million clients in Canada, the U.S. and 34 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 rbc.com/community-social-impact.

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14 Nov, 2026

Rbc

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KITCHENER +2

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