City National Bank
PORTFOLIO MANAGER ASSOCIATE
WHAT IS THE OPPORTUNITY?
Implement proprietary strategies and asset allocation for Royal Bank of Canada (RBC) Rochdale Financial Advisors and clients. Assist Senior Portfolio Managers (SPM) in the development of short‑ and long‑term investment strategies and approaches to achieve investment goals for clients.
WHAT WILL YOU DO?
Partner with portfolio managers to recommend initial strategic asset class allocation for new clients and recommendations for trades and allocation changes for existing clients.
Client calls and inquiries: discuss economic outlook and portfolio topics, build relationships, respond to calls and emails, provide portfolio characteristics and economic updates, tie strategies to client goals, create detailed ad‑hoc analyses.
Manage the book: analyze activities on the total book of business, track new clients and specific actions across the book.
Trade execution: buy and sell securities to implement asset allocations, assess tax liabilities and account restrictions, manage complex situations.
Monitor client portfolios for deviations from specified strategy and provide investment recommendations.
Create and review client portfolio review presentations and portfolio risk/return analysis presentations.
Manage workflow and development of teammates: train on systems and procedures, foster growth, delegate tasks.
Reinforce PM/Research guidance throughout the team environment.
Promote development and growth of colleagues; nurture their aspirations and goals.
Collaborate with technology, strategy, operations, trading teams to improve processes across the firm.
Support the management of process control on the team.
Complete special projects as requested.
WHAT DO YOU NEED TO SUCCEED? Required Qualifications*
Minimum 4 years of experience in Investment Management.
FINRA Series 7 and 66 securities or ability to obtain.
Additional Qualifications
Master’s Degree preferred.
Think and act like a PM; stand in as the PM – team, client, and advisor facing; mindset of serving clients and advisors.
Well‑versed on RBC Rochdale investment products, macro‑economic environment, and able to convey the RBC Rochdale story to convey our value‑proposition and reinforce messaging.
Interest in, desire to follow, and love for markets.
Ability to articulate the complex in understandable and consumable terms to advisors and clients with varied investment knowledge; shift seamlessly from high‑level concepts to drill down into specifics.
Skill in demonstrating empathy, emotional intelligence, relationship management, and communications.
Extensive knowledge of markets and industry as well as portfolio management expertise.
Comprehensive understanding of RBC Rochdale investment and research philosophy.
Analytical skills, ability to translate and implement theoretical into practical, flawless execution and quality, and attention to detail.
Operate well in a high growth environment; ability to manage high‑volume task orientation while contemplating future growth and team capabilities.
Ability to work independently and use sound judgment.
Extensive knowledge of the Firm’s proprietary trading system, as well as the portfolio accounting system.
Assessment of skills and capabilities of others.
Teaching skills.
Continuous improvement mindset.
Strong problem‑solving skills.
COMPENSATION Starting base salary: $92,114 – $156,880 per year. Exact compensation may vary based on skills, experience, and location. This job is eligible for bonus and/or commissions.
BENEFITS AND PERKS
Comprehensive healthcare coverage, including Medical, Dental, and Vision plans, available the first of the month following start date.
Generous 401(k) company matching contribution.
Career Development through Tuition Reimbursement and other internal upskilling and training resources.
Valued Time Away benefits including vacation, sick, and volunteer time.
Specialized health and family planning benefits including fertility benefits, and cancer, diabetes, and musculoskeletal support programs.
Career Mobility support from a dedicated recruitment team.
Colleague Resource Groups to support networking and community engagement.
ABOUT US Since day one we've always gone further than the competition to help our clients, colleagues and communities flourish. City National Bank was founded in 1954 by entrepreneurs for entrepreneurs and that legacy of integrity, community and unparalleled client relationships continues today. City National is a subsidiary of Royal Bank of Canada, one of North America’s leading diversified financial services companies. To learn more about City National and our dynamic company culture, visit us at About Us.
INCLUSION AND EQUAL OPPORTUNITY EMPLOYMENT City National Bank fosters an inclusive environment where all forms of diversity are valued and leveraged to make us a better company and employer. We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sexual orientation, gender identity, national origin, disability, veteran status or other basis protected by law.
It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.
*Represents basic qualifications for the position. To be considered for this position, you must at least meet the required qualifications. careers.cnb.com accepts applications on an ongoing basis, until filled.
Unless otherwise indicated as fully remote, reporting into a designated City National location is an essential function of the job.
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WHAT WILL YOU DO?
Partner with portfolio managers to recommend initial strategic asset class allocation for new clients and recommendations for trades and allocation changes for existing clients.
Client calls and inquiries: discuss economic outlook and portfolio topics, build relationships, respond to calls and emails, provide portfolio characteristics and economic updates, tie strategies to client goals, create detailed ad‑hoc analyses.
Manage the book: analyze activities on the total book of business, track new clients and specific actions across the book.
Trade execution: buy and sell securities to implement asset allocations, assess tax liabilities and account restrictions, manage complex situations.
Monitor client portfolios for deviations from specified strategy and provide investment recommendations.
Create and review client portfolio review presentations and portfolio risk/return analysis presentations.
Manage workflow and development of teammates: train on systems and procedures, foster growth, delegate tasks.
Reinforce PM/Research guidance throughout the team environment.
Promote development and growth of colleagues; nurture their aspirations and goals.
Collaborate with technology, strategy, operations, trading teams to improve processes across the firm.
Support the management of process control on the team.
Complete special projects as requested.
WHAT DO YOU NEED TO SUCCEED? Required Qualifications*
Minimum 4 years of experience in Investment Management.
FINRA Series 7 and 66 securities or ability to obtain.
Additional Qualifications
Master’s Degree preferred.
Think and act like a PM; stand in as the PM – team, client, and advisor facing; mindset of serving clients and advisors.
Well‑versed on RBC Rochdale investment products, macro‑economic environment, and able to convey the RBC Rochdale story to convey our value‑proposition and reinforce messaging.
Interest in, desire to follow, and love for markets.
Ability to articulate the complex in understandable and consumable terms to advisors and clients with varied investment knowledge; shift seamlessly from high‑level concepts to drill down into specifics.
Skill in demonstrating empathy, emotional intelligence, relationship management, and communications.
Extensive knowledge of markets and industry as well as portfolio management expertise.
Comprehensive understanding of RBC Rochdale investment and research philosophy.
Analytical skills, ability to translate and implement theoretical into practical, flawless execution and quality, and attention to detail.
Operate well in a high growth environment; ability to manage high‑volume task orientation while contemplating future growth and team capabilities.
Ability to work independently and use sound judgment.
Extensive knowledge of the Firm’s proprietary trading system, as well as the portfolio accounting system.
Assessment of skills and capabilities of others.
Teaching skills.
Continuous improvement mindset.
Strong problem‑solving skills.
COMPENSATION Starting base salary: $92,114 – $156,880 per year. Exact compensation may vary based on skills, experience, and location. This job is eligible for bonus and/or commissions.
BENEFITS AND PERKS
Comprehensive healthcare coverage, including Medical, Dental, and Vision plans, available the first of the month following start date.
Generous 401(k) company matching contribution.
Career Development through Tuition Reimbursement and other internal upskilling and training resources.
Valued Time Away benefits including vacation, sick, and volunteer time.
Specialized health and family planning benefits including fertility benefits, and cancer, diabetes, and musculoskeletal support programs.
Career Mobility support from a dedicated recruitment team.
Colleague Resource Groups to support networking and community engagement.
ABOUT US Since day one we've always gone further than the competition to help our clients, colleagues and communities flourish. City National Bank was founded in 1954 by entrepreneurs for entrepreneurs and that legacy of integrity, community and unparalleled client relationships continues today. City National is a subsidiary of Royal Bank of Canada, one of North America’s leading diversified financial services companies. To learn more about City National and our dynamic company culture, visit us at About Us.
INCLUSION AND EQUAL OPPORTUNITY EMPLOYMENT City National Bank fosters an inclusive environment where all forms of diversity are valued and leveraged to make us a better company and employer. We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sexual orientation, gender identity, national origin, disability, veteran status or other basis protected by law.
It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.
*Represents basic qualifications for the position. To be considered for this position, you must at least meet the required qualifications. careers.cnb.com accepts applications on an ongoing basis, until filled.
Unless otherwise indicated as fully remote, reporting into a designated City National location is an essential function of the job.
#J-18808-Ljbffr