Portfolio Manager Associate - FI

City National Bank; Beverly Hills (CA); On-site; USD 92,000 - 157,000; Full time

Benefits offered by this job

Comprehensive healthcare coverage

401(k) company matching

Tuition reimbursement

Career development resources

Paid time off and volunteer time

Diverse benefits programs

Job summary

City National Bank in Beverly Hills is seeking a Portfolio Manager Associate - FI to execute buy and sell orders for municipal and corporate bonds and support active strategy portfolio management. You will liaise with PM teams to ensure portfolio construction remains aligned with client objectives and market conditions.

The role requires a strong tech background, experience in fixed income, and proficiency with Bloomberg and MarketAxess.

Qualifications

• Bachelor's Degree or equivalent.
• Minimum 3 years’ experience in the fixed income markets.
• Strong technology background and agility.
• Knowledge of Bloomberg and other financial market platforms (MarketAxess).
• Experience with securities trading, dealer relationships and trading platforms.
• Ability to communicate and collaborate across quantitative and portfolio management functions.

Responsibilities

• Execute trades consistent with client and strategy objectives for new and existing accounts.
• Use Python, R or similar tools for data analysis and translating requirements into solutions.
• Review orders for accuracy, record keeping and regulatory conformance.
• Evaluate market volatility to secure best available rates for clients.
• Monitor trading trends and report to the fixed income team.
• Interface with research and investment teams to reflect CN Rochdale's strategy in portfolios.
• Communicate market shifts to internal colleagues and PM teams.
• Manage cash flow, coupon and maturity reinvestment and liquidity needs.

Skills

Fixed income markets

Data analysis

Communication

Education

Bachelor's Degree or equivalent

Tools

Bloomberg

MarketAxess

Python

R

Job description

PORTFOLIO MANAGER ASSOCIATE - FI

Primarily responsible for executing buy and sell orders for municipal and/or corporate bonds in both secondary and primary markets for duration targeted fixed income strategies. May participate in active strategy portfolio management at the discretion of PM's or Sr. PMs on the fixed income team. Manage and report volume, flow and other relevant trading and market statistics. Liaison with PM teams to ensure open communication and education on various aspects of portfolio construction, sales and market conditions.

WHAT WILL YOU DO?

• Determine and implement appropriate trades that are consistent with client and strategy objectives for both new and existing accounts
• Use Python, R or similar tools to perform data analysis, write basic scripts, and help translate investment and trading requirements into practical solutions.
• Review orders to ensure accuracy, proper record keeping, and conformance to regulations
• Evaluate market volatility and ensures clients receive the best rate available
• Perform any necessary follow up activities to ensure proper final processing of trades
• Monitor technical trading trends and report to broader fixed income team
• Interface with research and investment teams to ensure City National Rochdale's strategy is accurately reflected in portfolios
• Communicate strategic and market shifts to internal colleagues
• Review the assets in the passive strategies on a regular basis to ensure that investments continue to meet the intent and strategies of the client
• Manage cash flow, coupon and maturity reinvestment and liquidity requirements
• Communicate to internal colleagues, especially PM teams, about current market conditions and trading strategies
• Maintain all appropriate compliance, training and continuing education requirements for both internal programs and external licenses and certifications
• Actively participate in team and firm efforts to find process efficiencies via enhanced technology and "digital mastery"

WHAT DO YOU NEED TO SUCCEED?

Required Qualifications*

• Bachelor's Degree or equivalent
• Minimum 3 years’ experience in the fixed income markets

Additional Qualifications

• Strong technology background and agility
• Demonstrated self-motivation and emotional intelligence
• Ability to communicate and collaborate effectively across quantitative and portfolio management functions, supporting coordination across different areas of expertise
• High level of curiosity, sense of ownership, accountability and ethical standards
• Knowledge of Bloomberg and other financial market platforms (e.g. MarketAxess)
• Excellent analytical skills, understanding of the economy and market conditions
• Experience with securities trading, dealer relationships and trading platforms
• Strong communication skills and ability to work in a team environment
• Ability to effectively articulate investment philosophy to internal constituents
• Ability to plan, organize and prioritize

WHAT'S IN IT FOR YOU?

Compensation

Starting base salary: $92,114 - $156,880 per year. Exact compensation may vary based on skills, experience, and location. This job is eligible for bonus and/or commissions.

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.