City National Bank · 4 weeks ago
Portfolio Manager Associate
Lake Mary, FL
Full-time
Onsite
Mid, Senior Level
$92K/yr - $157K/yr
4+ years expCity National Bank is a subsidiary of Royal Bank of Canada, one of North America’s leading diversified financial services companies. They are seeking a Portfolio Manager Associate to implement proprietary strategies and asset allocation for clients, assist senior portfolio managers in developing investment strategies, and manage client portfolios while collaborating with various teams to improve processes.
BankingFinanceFinancial Services
Responsibilities
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
Qualification
Required
Minimum 4 years of experience in Investment Management
FINRA Series 7 and 66 securities or ability to obtain
Preferred
Masters Degree 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 RBC Rochdale investment products, macro-economic environment, and able to tell the RBC Rochdale 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 RBC Rochdale 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
Benefits
Comprehensive healthcare coverage, including Medical, Dental and Vision plans, available the first of the month following start date
Generous 401(k) company matching contribution
Career Development through Tuition Reimbursement and other internal upskilling and training resources
Valued Time Away benefits including vacation, sick and volunteer time
Specialized health and family planning benefits including fertility benefits, and cancer, diabetes and musculoskeletal support programs
Career Mobility support from a dedicated recruitment team
Colleague Resource Groups to support networking and community engagement
Company
City National Bank
City National Bank offers a full complement of banking, trust and investment services. It is a sub-organization of City National.
1001-5000 employees
H1B Sponsorship
City National Bank has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (76)
2024 (78)
2023 (145)
2022 (93)
2021 (107)
2020 (62)
Funding
Current Stage
Public CompanyTotal Funding
unknown1978-01-13IPO
Leadership Team
Howard Hammond
CEO City National Bank
Fiyaz Khan
Senior Vice President, Structured Products
Recent News
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