Portfolio Manager Associate at City National Bank
Houston, TX 77002
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
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 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 or leave a message at
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
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
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 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 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
