Product Analyst - Insured Solutions
Description
This role at RBC Wealth Management focuses on providing primary product support for annuities and insurance products, primarily for the Private Client Group. The analyst assists in the development, support, and growth of the company's annuity and insurance platforms, including technology and business initiatives, vendor relationships, trade processing support, product selection, and operational risk management. It involves enhancing service, minimizing risk, and driving growth in platform assets and revenue through strong internal and external partnerships.
What We're Looking For
Develop relationships with internal partners and external vendors to enhance service and advisor experience, minimize risk, and drive growth.,Support advisors, general agent point of sale, and wholesalers in ticketing insurance and annuity trades.,Serve as a liaison between advisors, Insured Solutions Product, and internal departments to troubleshoot and resolve issues related to trade ticketing, processing, onboarding, and commission.,Support file reconciliation/trade processing to proactively identify and resolve trade issues.,Possess a strong understanding of policies and procedures for conducting insurance and annuity business.,Inform Sr. Product Analyst and Sr. Product Manager of feedback, trends, and improvement opportunities.,Participate in insurance and annuity technology initiatives, including user acceptance and post-implementation validation testing.,Support Sr. Product Analyst and Sr. Product Manager on projects, product management, and monitoring functions.,Communicate status of work/initiatives and escalate issues for timely resolution.,Support Insured Solutions Distribution team with information for proactive advisor outreach.,Assist with routine and ad-hoc administrative activities, including information collection and business reporting.,Assist in identifying and delivering training for advisors, client associates, internal home office groups, General Agent, and wholesale partners.,Facilitate understanding across internal partners of best practices for transitioning insurance and annuities during new recruit onboarding.
Ideal Candidate
Undergraduate degree (BA / BS) preferred with concentration in business, economics, finance, or marketing.,Basic knowledge of financial markets and investment industry.,3-5 years annuity and insurance experience with a strong understanding of products, features, benefits, industry knowledge, and regulations.,Knowledge and understanding of the sales processes for annuities and insurance.,SIE (Securities Industry Essentials Exam),Series 7, Series 63 or 65/66 licensed or ability to obtain within 18 months.,Insurance licensed or ability to obtain within 6 months.
Minimum Education
Bachelor's Degree
Hard Skills
Soft Skills
Work Hours
40 hours/week
Benefits
About the Company
Royal Bank of Canada
Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. As Canada's largest bank, it provides personal and commercial banking, wealth management, and capital markets services to over 17 million clients worldwide.
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