Invst Operations Securities Specialist

City National Bank; Los Angeles (CA); On-site; USD 33,000 - 50,000; Full time

Benefits offered by this job

Healthcare coverage

Generous 401(k) matching

Tuition reimbursement

Time away benefits

Fertility benefits

Career Mobility support

Colleague Resource Groups

Job summary

City National Bank in Los Angeles, CA, seeks an Invest Operations Securities Specialist to support the Trust Operations team. The role serves as a liaison with SEI Private Trust Company to ensure accurate cash handling and timely investment processing.

You will review records, assign account numbers, and archive documents in Filenet, while maintaining risk controls and company standards. A strong background in trust-securities regulations is required.

Qualifications

• Minimum 4 years of securities experience.
• Minimum 4 years of experience with procedures, practices and regulations governing trust-securities operations.

Responsibilities

• Acts as a liaison with SEI Private Trust Company; resolves problems and discrepancies related to cash transactions, including but not limited to incoming and outgoing wire transfers.
• Responsible for processing investment transactions and reconciling account information.
• Reviewing system records and client agreements to ensure company standards and client eligibility are met.
• Assigns Trust account numbers and for archiving records in accordance with Retention Guidelines
• Sorts and delivers incoming mail and Trust checks to designated areas of WMS
• Sorts and scans all applicable documentation into Filenet for WMS, CNR and CNS
• Able to verify accuracy, manage risk, resolve issues using multiple resources, account records and online systems
• Provides back-up for other numerous functions when required to.

Skills

Securities experience

Trust operations

Problem solving

Communication

Job description

INVST OPERATIONS SECURITIES SPECIALIST

WHAT IS THE OPPORTUNITY?

The Securities Specialist will support responsibilities assigned to the Trust Operations team. Position will serve as a liaison between City National Bank and SEI Private Trust Company.

WHAT WILL YOU DO?

• Acts as a liaison with SEI Private Trust Company; resolves problems and discrepancies related to cash transactions, including but not limited to incoming and outgoing wire transfers.
• Responsible for processing investment transactions and reconciling account information;
• Reviewing system records and client agreements to ensure company standards and client eligibility are met;
• Assigns Trust account numbers and for archiving records in accordance with Retention Guidelines
• Sorts and delivers incoming mail and Trust checks to designated areas of WMS
• Sorts and scans all applicable documentation into Filenet for WMS, CNR and CNS
• Able to verify accuracy, manage risk, resolve issues using multiple resources, account records and online systems
• Provides back-up for other numerous functions when required to.

WHAT DO YOU NEED TO SUCCEED?

Required Qualifications*

• Minimum 4 years of securities experience, preferably in trust securities.
• Minimum 4 years of experience with procedures, practices and regulations governing trust-securities operations.

Additional Qualifications

• Ability to perform research and analysis of data related interest/dividend
• Ability to deal with Investment Managers and brokers in difficult situations.
• Ability to interpret documentation
• Thorough understanding of and experience, using procedures, practices and regulations governing trust-securities operations.
• Computer systems experience preferred.
• Excellent verbal/written communication skills.
• Extreme flexibility, ability to handle a large volume of work which includes multiple tasks while maintaining accuracy.

WHAT'S IN IT FOR YOU?

Compensation

Starting base salary: $24.46 - $36.69 per hour. Exact compensation may vary based on skills, experience, and location.

Benefits and Perks

• 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.