# Director, Alternative Investments **Company**: Royal Bank of Canada (RBC) **Location**: Toronto, Ontario **Experience**: executive **Job type**: full-time **Salary**: $125,000.00 - $175,000.00 **Category**: Insurance **Industry**: Finance **Apply**: https://rbc.wd3.myworkdayjobs.com/en-US/RBCGLOBAL1/job/TORONTO-Ontario-Canada/Director--External-Managers---Alternatives_R-0000192295-1?utm_source=yubhub.co&utm_medium=jobs_feed&utm_campaign=apply **Canonical**: https://yubhub.co/job/director-alternative-investments-caf2d6f1-e6b/ ## Description We are seeking an experienced Director to lead a team of portfolio managers overseeing relationships with external fund managers and alternative investment partners. **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 **Requirements** - 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 **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?** - Working with an award-winning team - A comprehensive Total Rewards package that prioritizes your overall wellbeing - Work where you belong as part of a supportive, inclusive team and company - Leaders who are invested in your success and provide opportunities to learn, grow and try new things - An opportunity to have real impact on the lives of our clients and the communities you serve - RBCI software tools to boost your productivity For more fresh new jobs, check out [yubhub.co](https://yubhub.co/). ## Skills ### Required - Financial Derivatives - Investment Consulting - Investment Performance Measurement - Investment Risk Management - Investments - Investments Analysis - Long Term Planning - Portfolio Management - Product Services - Risk Control ### Nice to have - alternative asset classes - insurance investment accounting - regulatory reporting - alternative manager due diligence frameworks --- Source: [Apply at rbc.wd3.myworkdayjobs.com](https://rbc.wd3.myworkdayjobs.com/en-US/RBCGLOBAL1/job/TORONTO-Ontario-Canada/Director--External-Managers---Alternatives_R-0000192295-1?utm_source=yubhub.co&utm_medium=jobs_feed&utm_campaign=apply)