City National Bank Hiring for Ld Investment ServicesMgr Job at New York, NY Full Time

Manage the overall relationship of assigned managed agency accounts. Represent CNR in various business activities and maintains contacts with clients, administrators, trustees, co-trustees, beneficiaries, attorneys and others regarding accounts. Work closely with portfolio managers, bankers, and others in providing high quality service and ensures compliance with all statutory requirements.

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.

• Investment AdministrationManage a portfolio of assigned client account relationships in accordance to client direction, bank policies and external regulations. Communicate and meet with clients on a proactive basis and respond to their inquiries in a timely and accurate manner ensuring delivery of quality Investment Services. Coordinate and organizes periodic client meetings ensuring that all CNB and CNR team members (Portfolio Managers, Bankers, Wealth Advisors, etc.) are represented.Confer with administrators, trustees, co-trustees, beneficiaries, attorneys, and others regarding accounts.Work with Portfolio Managers and Bankers/Wealth Advisors to recommend, and upon client approval, implement plans to improve the quality of client account; ensuring recommendations are consistent with account objectives and client investment strategies.Develop new relationships directly and in partnership with Private Bankers/Wealth Advisors externally through referrals from clients and Center of Influences, personal community involvement, and from internal partnersEnsure that all accounts comply with BSA/KYC requirements, cash management in order to meet client’s investment expectations and cash requirements, monitoring compliance with investment policies, trade settlement, income collection, corporate actions, and coordinating and attending regular client meetings. Ensure that all tax reporting is being done timely and accurately.Interface with executive and senior level management within the Bank as well as bank relationship managers, team leaders and business development officers on sales related issues, processes and activities.Participates in outside activities in order to ascertain community needs consistent with the Community Reinvestment Act Program.
• Risk Management and ComplianceFollow appropriate Regulation 9 process.Maintain all appropriate training and continuing education requirements for both internal programs and external licenses and certifications.Comply with the regulatory requirements established by the Office of the Comptroller of the Currency (OCC) as well external and internal auditors and the WMS Compliance Officer. Assure that trust policies and procedures coincide with division and bank objectives

Must-Have*

• 7 years of experience in an investment management or trust environment
• 7 years of experience in a financial services organization
• Microsoft Office (Word, Excel, PowerPoint, Outlook)

Skills and Knowledge

• Bachelor’s Degree in Business, Finance or related area preferred, or equivalent 7 to 9 years work experience.
• Basic understanding of trust laws and regulations as they relate to the proper accounting of principal and income and tax requirements.
• Excellent organizational and problem solving skills.
• Experience with SEI’s Trust 3000 Trust Accounting System.
• Proficient with Microsoft Office (Word, Excel, PowerPoint, Outlook)
• Excellent verbal and written communication skills.

Starting base salary: $87,027 – $138,965 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.

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.

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.

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.