Portfolio Manager Associate - City National Bank
Houston, TX
About the Job
PORTFOLIO MANAGER ASSOCIATE
WHAT IS THE OPPORTUNITY?
Implement proprietary strategies and asset allocation for City National Rochdale Financial Advisors and clients. Assist Sr. Portfolio Managers (SPM) in the development of short-and long-term investment strategies and approaches to achieve investment goals for clients.
What you will 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: be able to discuss both economic and client portfolio topics: - Introductory and ongoing review calls, build the client relationship and rapport, discuss the relevant economic outlook and the applicability to the client’s portfolio and goals - Respond to incoming calls, emails, and inquiries from clients and advisors - Portfolio characteristics, economic updates, and the firm’s investment thesis - Specific strategies and solutions: business description and reasons we own - Tie everything to client’s goals and aspirations - Create, research, and provide detailed ad-hoc analyses
+ Manage the Book: analyses/activities on the total book of business, segments of the book, and client portfolios. - Track new clients and specific actions to take across the Book and for specific clients
+ Trade execution; buy and sell securities to implement asset allocations for client portfolios, based on client’s investment mandates, cash needs, firm strategy changes and general rebalancing; assess tax liabilities and client directed account restrictions to determine whether macro investment decisions are applicable on the account level; manage complex situations.
+ Monitor client portfolios for deviations from specified strategy or to provide investment recommendations.
+ Create and/or review client portfolio review presentations and portfolio risk/return analysis presentations.
+ Manage the workflow and development of teammates: - Training of systems and procedures - Foster growth of responsibilities, and thinking, and serving clients - Delegate portfolio management tasks between the team members
+ Reinforce PM/Research guidance throughout the team environment, i.e., a bridge between PMs/Research to teammates.
+ Promote the development and growth of our colleagues; nurture and care about their aspirations and goals.
+ Collaborate with technology, strategy, operations, trading teams, etc., to improve processes across the firm.
+ Support the management of process control on the team.
+ Complete special projects as requested.
Must-Have*
+ Minimum 4 years of experience in Investment Management
+ FINRA Series 7 and 66 securities or ability to obtain
Skills and Knowledge
+ FINRA 7 and 66 securities or ability to obtain
+ Master's Degree MBA and/or CFA 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 CNR’s investment products, macro-economic environment, and able to tell the CNR story to convey our value-proposition, and convey and reinforce our 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 and understanding; 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 CNR 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.
*To be considered for this position you must meet at least these basic qualifications
The preceding job description has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job.
Benefits and Perks
At City National, we strive to be the best at whatever we do, including the benefits and perks we offer our colleagues. Get an inside look at our Benefits and Perks (https://image.emails.cnb.com/lib/fe5e15707c640c78771c/m/10/cbedd856-c2fc-491b-a625-3ab7a0fd9a65.pdf) .
ABOUT CITY NATIONAL
City National Bank, a subsidiary of Royal Bank of Canada, is the largest bank headquartered in Los Angeles with $92.03 billion in assets as of April 30, 2024. Founded in 1954, City National provides personalized banking, investment and trust services in select markets including Los Angeles, Orange County, San Diego, the San Francisco Bay Area, New York City, Nashville, Atlanta, Delaware, Las Vegas, Washington D.C. and Miami.* In addition, the company and its investment affiliates manage or administer $96.83 billion in client investment assets. City National is dedicated to strengthening communities, and in 2023 alone, the company made more than $11 million in charitable contributions to nonprofits that support the communities it serves.
_*City National Bank does business in Miami and the state of Florida as CN Bank._
For more information about City National, visit cnb.com .
EQUAL OPPORTUNITY EMPLOYER & REASONABLE ACCOMMODATION
City National Bank is an equal opportunity employer committed to promoting and maintaining a diverse, equitable and inclusive working environment where differences are valued and encouraged. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status or any other basis protected by the laws or regulations in the locations where we operate or in our Code of Conduct. READ MORE (https://image.emails.cnb.com/lib/fe5e15707c640c78771c/m/1/159726e0-aeb1-4058-9052-d7a2d69626b8.pdf)
If you are a qualified individual with a disability or a disabled veteran, you have the right to request a reasonable accommodation for any part of the employment process. Please contact us via email (TalentAcquisition@cnb.com) or leave a message at (213) 673-9139. These contact methods are dedicated to applicants whose disability prevents them from successfully applying online. Only messages left for this purpose will be returned. Responses may take up to two business days.
#LI-DN1
#CA-DN1
WHAT IS THE OPPORTUNITY?
Implement proprietary strategies and asset allocation for City National Rochdale Financial Advisors and clients. Assist Sr. Portfolio Managers (SPM) in the development of short-and long-term investment strategies and approaches to achieve investment goals for clients.
What you will 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: be able to discuss both economic and client portfolio topics: - Introductory and ongoing review calls, build the client relationship and rapport, discuss the relevant economic outlook and the applicability to the client’s portfolio and goals - Respond to incoming calls, emails, and inquiries from clients and advisors - Portfolio characteristics, economic updates, and the firm’s investment thesis - Specific strategies and solutions: business description and reasons we own - Tie everything to client’s goals and aspirations - Create, research, and provide detailed ad-hoc analyses
+ Manage the Book: analyses/activities on the total book of business, segments of the book, and client portfolios. - Track new clients and specific actions to take across the Book and for specific clients
+ Trade execution; buy and sell securities to implement asset allocations for client portfolios, based on client’s investment mandates, cash needs, firm strategy changes and general rebalancing; assess tax liabilities and client directed account restrictions to determine whether macro investment decisions are applicable on the account level; manage complex situations.
+ Monitor client portfolios for deviations from specified strategy or to provide investment recommendations.
+ Create and/or review client portfolio review presentations and portfolio risk/return analysis presentations.
+ Manage the workflow and development of teammates: - Training of systems and procedures - Foster growth of responsibilities, and thinking, and serving clients - Delegate portfolio management tasks between the team members
+ Reinforce PM/Research guidance throughout the team environment, i.e., a bridge between PMs/Research to teammates.
+ Promote the development and growth of our colleagues; nurture and care about their aspirations and goals.
+ Collaborate with technology, strategy, operations, trading teams, etc., to improve processes across the firm.
+ Support the management of process control on the team.
+ Complete special projects as requested.
Must-Have*
+ Minimum 4 years of experience in Investment Management
+ FINRA Series 7 and 66 securities or ability to obtain
Skills and Knowledge
+ FINRA 7 and 66 securities or ability to obtain
+ Master's Degree MBA and/or CFA 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 CNR’s investment products, macro-economic environment, and able to tell the CNR story to convey our value-proposition, and convey and reinforce our 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 and understanding; 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 CNR 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.
*To be considered for this position you must meet at least these basic qualifications
The preceding job description has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job.
Benefits and Perks
At City National, we strive to be the best at whatever we do, including the benefits and perks we offer our colleagues. Get an inside look at our Benefits and Perks (https://image.emails.cnb.com/lib/fe5e15707c640c78771c/m/10/cbedd856-c2fc-491b-a625-3ab7a0fd9a65.pdf) .
ABOUT CITY NATIONAL
City National Bank, a subsidiary of Royal Bank of Canada, is the largest bank headquartered in Los Angeles with $92.03 billion in assets as of April 30, 2024. Founded in 1954, City National provides personalized banking, investment and trust services in select markets including Los Angeles, Orange County, San Diego, the San Francisco Bay Area, New York City, Nashville, Atlanta, Delaware, Las Vegas, Washington D.C. and Miami.* In addition, the company and its investment affiliates manage or administer $96.83 billion in client investment assets. City National is dedicated to strengthening communities, and in 2023 alone, the company made more than $11 million in charitable contributions to nonprofits that support the communities it serves.
_*City National Bank does business in Miami and the state of Florida as CN Bank._
For more information about City National, visit cnb.com .
EQUAL OPPORTUNITY EMPLOYER & REASONABLE ACCOMMODATION
City National Bank is an equal opportunity employer committed to promoting and maintaining a diverse, equitable and inclusive working environment where differences are valued and encouraged. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status or any other basis protected by the laws or regulations in the locations where we operate or in our Code of Conduct. READ MORE (https://image.emails.cnb.com/lib/fe5e15707c640c78771c/m/1/159726e0-aeb1-4058-9052-d7a2d69626b8.pdf)
If you are a qualified individual with a disability or a disabled veteran, you have the right to request a reasonable accommodation for any part of the employment process. Please contact us via email (TalentAcquisition@cnb.com) or leave a message at (213) 673-9139. These contact methods are dedicated to applicants whose disability prevents them from successfully applying online. Only messages left for this purpose will be returned. Responses may take up to two business days.
#LI-DN1
#CA-DN1
Source : City National Bank
