Investment Service Associate Senior

City National Bank; Los Angeles (CA); On-site; USD 39,000 - 63,000; Full time

Benefits offered by this job

Comprehensive healthcare coverage

Generous 401(k) company matching

Career Development through Tuition Re-

Time Away benefits

Fertility benefits, cancer, diabetes,ム

Career Mobility support

Colleague Resource Groups

Job summary

City National Bank is seeking an Investment Service Associate Senior to support Investment Services Managers in managing client accounts and maintaining regulatory compliance. You will interact with portfolios, trustees, attorneys, and users across Wealth Management to deliver high-quality service.

The role involves processing fund transfers, IRA administration, and preparing client reporting, with emphasis on accuracy and regulatory adherence.

Qualifications

• Bachelor's Degree or equivalent
• 3 years of experience in an investment management or trust environment
• 2 years of experience in a financial services organization
• 2 years of experience with Microsoft Office (Word, Excel, PowerPoint, Outlook)
• Excellent organizational and problem solving skills.
• Experience with SEI’s Trust 3000 Trust Accounting System preferred.
• Proficient with Microsoft Office (Word, Excel, PowerPoint, Outlook)
• Excellent verbal and written communication skills.
• Bachelor’s Degree in Business, Finance or related area preferred, or equivalent 1 to 3 years work experience.

Responsibilities

• Investment Administration: process transfers, wires, checks, ACH, IRAs, and prepare client portfolio reviews.
• Assist Investment Services Managers with compliance reports and custom client reporting.
• Risk Management and Compliance: follow Regulation 9; maintain training and licenses; ensure OCC and audit compliance.

Skills

Organizational skills

Problem solving

Verbal communication

Written communication

Education

Bachelor's Degree or equivalent

Bachelor’s Degree in Business or Finance preferred

Tools

Microsoft Office

SEI Trust 3000

Job description

INVESTMENT SERVICE ASSOCIATE SENIOR

WHAT IS THE OPPORTUNITY?

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

WHAT WILL YOU DO?

• Investment Administration Process fund transfers, wires, checks, transfers to and from City National bank accounts and ACH.Administration of IRAs.Prepare client portfolio review books for Advisors.Process of client account maintenance requests.Ad hoc requests (i.e. requests for statements, 1099's, copy of trade confirmations, etc.).Assist Investment Services Managers with the annual confirmation of investment objectives.Assist Investment Services Managers with various compliance reports such as anticipated fees, investment change verification, zero balance accounts, accounts not scheduled for events, etc.Prepare custom client reporting.
• 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

WHAT DO YOU NEED TO SUCCEED?

Required Qualifications*

• Bachelor's Degree or equivalent
• 3 years of experience in an investment management or trust environment
• 2 years of experience in a financial services organization
• 2 years of experience with Microsoft Office (Word, Excel, PowerPoint, Outlook)

Additional Qualifications

• Excellent organizational and problem solving skills.
• Experience with SEI’s Trust 3000 Trust Accounting System preferred. Proficient with Microsoft Office (Word, Excel, PowerPoint, Outlook)
• Excellent verbal and written communication skills.
• Bachelor’s Degree in Business, Finance or related area preferred, or equivalent 1 to 3 years work experience.

WHAT'S IN IT FOR YOU?

Compensation

Starting base salary: $28.58 - $45.66 per hour. Exact compensation may vary based on skills, experience, and location. This job is eligible for bonus and/or commissions.

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 including:

• 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

Get a more detailed look at our Benefits and Perks.

ABOUT US

Since day one we've always gone further than the competition to help our clients, colleagues and communities flourish. City National Bank was founded in 1954 by entrepreneurs for entrepreneurs and that legacy of integrity, community and unparalleled client relationships continues today. City National is a subsidiary of Royal Bank of Canada, one of North America’s leading diversified financial services companies. To learn more about City National and our dynamic company culture, visit us at About Us.

INCLUSION AND EQUAL OPPORTUNITY EMPLOYMENT

City National Bank fosters an inclusive environment where all forms of diversity are valued and leveraged to make us a better company and employer. We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sexual orientation, gender identity, national origin, disability, veteran status or other basis protected by law.

It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.

*Represents basic qualifications for the position. To be considered for this position, you must at least meet the required qualifications. careers.cnb.com accepts applications on an ongoing basis, until filled.

Unless otherwise indicated as fully remote, reporting into a designated City National location is an essential function of the job.