Dir Portfolio Mgr Sr
DIRECTOR PORTFOLIO MGR SENIOR
WHAT IS THE OPPORTUNITY?
Manage City National Rochdale client assets. Develop investment strategies and make investment decisions, to achieve clients' investment goals.
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?
- Relationship Management
- Expand and deepen relationships with financial advisors and clients.
- Act in a leadership role and as technical resource for advisors.
- Ensure that advisors are kept abreast of firm and industry developments.
- Ensure that the transition from the sales process to portfolio management is smooth and accurate.
- Handle advisor and client communication. Serve as the central point of the relationship.
- Prepare client presentations.
- Communicate regularly with advisors to ensure that investment solutions and services are meeting their needs, expectations, and specifications.
- Facilitate and conduct individual meetings and presentations.
- Operate and represent City National Rochdale with the highest level of integrity and work ethic.
- Account and Portfolio Management
- Manage an assigned group of investment portfolios.
- Work closely with clients and advisors, advising them on strategies to achieve investment goals.
- Structure investment portfolios and rebalance asset allocation within client’s investment objects and risk tolerance.
- Trade implementation and strategic rebalancing for new and existing client accounts.
- Review the assets in each account periodically to ensure that investments meet the intent and strategies of the client.
- Manage cash flow, reinvestment and liquidity requirements.
- Communicate to clients about current market conditions, investment alternatives, asset allocation and portfolio results. Make adjustments to their investment strategies as needed.
- Attend client meetings.
- Business Development
- Partner with Senior Investment Consults, Private Bankers and Business Managers by getting in front of prospective advisors and clients and closing the sale.
- Investment Strategy/Trading and Research
- Demonstrate expert knowledge of both internal and external investment solutions.
- Communicate strategic shifts and changes in the marketplace to clients, advisors, and internal colleagues.
- Analyze alternative investment and risk scenarios (e.g. relative value, overall investment return, interplay of various asset classes, and comparative return of different markets)
- Management
- The lead member of a team, who as Senior PM are responsible for a client/advisor assets over $1.0B and leads a team portfolio associates and/or analysts teammates.
- Demonstrate Senior Leadership skills to develop portfolio managers and junior teammates.
- Consistent commitment to supporting the learning and development of all team colleagues in conjunction with the learning and development group.Lead each team member to perform at a high level; monitors, reviews and establish performance attributes for each team colleague annually.
- Consistently demonstrates and Outward Mindset, focused on the needs of the client and the firm as a priority over self or the team. As demonstrated by the priorities and actions being consistent with the mission, values, purposes of CNB and CNR.
- Top Grade Performer as viewed by his/her clients, advisor/banker/business manager partners, peers and firm leadership. The Team Consistently achieves highly satisfying levels of services as determined by advisors/bankers/business partners and clients.
- Nominated by the PM Council and/or MD Board and approved by the CEO and COO.
- Risk Management and Compliance
- Follow appropriate Regulation 9 process.
- Accurately complete various compliance related reporting in a timely manner.
- Maintain all appropriate training and continuing education requirements for both internal programs and external licenses and certifications.
WHAT DO YOU NEED TO SUCCEED
Must-Have*
- Master's Degree
- A minimum of 15 years of investment management experience
- CFA - Charter Financial Analyst
- FINRA Series 7 and 66 securities
Skills and Knowledge
- CAIA Preferred
- A minimum of 7years within the organization, 5 years as a PM I, or a minimum of 15 years prior experience or more years of investment experience
*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.
City National Bank requires all colleagues to be fully vaccinated against COVID-19 to work on-site at any of our locations.
