# Director, External Managers – Alternatives at RBC

RBC is hiring a Director, External Managers – Alternatives in Toronto, Canada. It pays $125k-$175k a year and Level rates it Little AI ●○○○; you can [apply on RBC](https://jobsbylevel.com/go/f32a28dd-1ca5-406c-9750-7b1d26b40cdf?utm_medium=ai-agent).

AI Level 1, AI centrality 37 out of 100. TORONTO, Ontario, Canada.

## Details

- Company: [RBC](https://jobsbylevel.com/companies/rbc)
- AI level: AI Level 1 (score 37 out of 100)
- Location: TORONTO, Ontario, Canada
- Salary: $125k-$175k
- Posted: November 12, 2026
- Apply: https://jobsbylevel.com/go/f32a28dd-1ca5-406c-9750-7b1d26b40cdf?utm_medium=ai-agent
- Free CV review for this job: https://jobsbylevel.com/cv-review?job=director-external-managers-alternatives-at-rbc-cb6f85

## Description

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

The description is cut here. Read the full offer: https://jobsbylevel.com/jobs/director-external-managers-alternatives-at-rbc-cb6f85

Source: https://jobsbylevel.com/jobs/director-external-managers-alternatives-at-rbc-cb6f85

## Cite this page

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