Portfolio Mgr Assoc
Company: City National Bank
Location: Irvine
Posted on: May 14, 2022
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Job Description:
**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.**Wealth Management Division: City
National Rochdale**As a member of City National Rochdale, the
company's Wealth Management group, you will provide white-glove
service focused on intelligently personalized portfolio management
for high-net-worth individuals, families, and institutions. For 30
years, City National Rochdale has helped clients achieve their
goals, operating as a nimble, responsive, local boutique investment
firm.**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: 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.**WHAT DO YOU NEED TO SUCCEED****Must-Have***+ Master's
Degree MBA and/or CFA, received or underway+ Minimum 6 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+ 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***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.**INCLUSION AND EQUAL OPPORTUNITY
EMPLOYMENT**City National Bank is an equal opportunity employer
committed to diversity and inclusion. 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
law.**ABOUT CITY NATIONAL**We start with a basic premise: Business
is personal. Since day one we've always gone further than the
competition to help our clients, colleagues and community flourish.
City National Bank was founded in 1954 by entrepreneurs for
entrepreneurs and that legacy of integrity, community and
unparalleled client relationships continues to drive phenomenal
growth today. City National is a subsidiary of Royal Bank of
Canada, one of North America's leading diversified financial
services companies.**In order to be hired and work at City National
Bank, you must be fully vaccinated against COVID-19.**Equal
Opportunity Employer Minorities/Women/Protected
Veterans/DisabledWealth Management, City National Rochdale
(CNR)
Keywords: City National Bank, Irvine , Portfolio Mgr Assoc, Other , Irvine, California
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