Private Wealth Analyst

City National Bank; Los Angeles (CA); On-site; USD 9,000 - 139,000; Full time

Benefits offered by this job

Healthcare coverage

401(k) matching

Tuition reimbursement

Paid time off

Career development resources

Job summary

City National Bank seeks a Private Wealth Analyst to support private banking client teams with investment analysis and financial planning materials for high-net-worth clients in the region.

You will create portfolio and market analyses, assist with financial planning, and collaborate with Tax and Financial Planning teams. You will lead the use of eMoney for planning and help deliver Investment Policy Statements and tailored client strategies.

Qualifications

• 3 years of experience in investments, financial planning or other financial services industries.
• 3 years of experience with Microsoft Excel and PowerPoint.
• 3 years working in a professional team environment.
• FINRA Series 7 and 66 licenses, or the ability to obtain.

Responsibilities

• Provide in-depth sales materials for Private Bankers by creating sophisticated portfolio and market analyses using a variety of investment and financial markets database tools.
• Assist Private Bankers in performing financial planning analyses.
• Collaborate closely with Tax and Financial Planning team.
• Lead region as the subject matter expert in using eMoney as a primary planning resource and tool.
• Lead in the administrative and follow up actions to ensure delivery of Investment Policy Statements and ongoing progress on agreed upon client strategies.
• Partner with PB teams in business development, on boarding and ongoing servicing.
• Participate in profiling across the full spectrum of the needs of PB target segments and provide tailored advice in collaboration with client team. Utilize planning capabilities and develop solutions across investments including brokerage, trust and wealth transfer, credit, deposit, and all other appropriate services.
• Participate with City National Bank team on sales calls including pre-brief and de-brief meetings.
• Assume primary responsibility to work with the Investment Management Services Group on the front-end on-boarding of new investment management and trust accounts.
• Aid Private Bankers to ensure client's current goals, risk tolerance and constraints are reflected in the Investment Policy Statement and investment objective selection.
• Participate with Private Banker and Portfolio Manager when further asset allocation tailoring is needed to meet the client's needs (and will be reflected in the IPS).
• As Private Bankers direct, communicate strategic and tactical asset allocation shifts or rebalancing to the client. Assists Private Bankers in reviewing asset management and CNS Brokerage statements with clients.
• Participate in managing relationships with the client team in planning, delivery, and regular review with clients. Deliver a high degree of personal contact and open communication among clients and internal team that creates a superior client experience. Position the Private Banker as the credit and deposit lead.
• Effectively participate with a team of CNB colleagues to set strategies and provide services across the full product spectrum in order to become the client's sole or lead provider.
• Keep current on client's financial information while ensuring that clients understand the solutions being provided.
• Maintain all appropriate training and continuing education requirements for licenses and certifications.
• Ensure that Reg 9 is properly completed in a timely manner.

Skills

Investments

Financial planning

Teamwork

Tools

Excel

PowerPoint

Bloomberg

Morningstar Advisor

eMoney

Job description

PRIVATE WEALTH ANALYST

Supports Private Banking client teams in delivering investment analysis and financial planning materials for high-net-worth and ultra-high-net-worth individuals and families within a specific region. Partners with PB team in business development and relationship management activities to support investment management prospects and clients.

WHAT WILL YOU DO?

• Provide in-depth sales materials for Private Bankers by creating sophisticated portfolio and market analyses using a variety of investment and financial markets database tools.
• Assist Private Bankers in performing financial planning analyses.
• Collaborate closely with Tax and Financial Planning team.
• Lead region as the subject matter expert in using eMoney as a primary planning resource and tool.
• Lead in the administrative and follow up actions to ensure delivery of Investment Policy Statements and ongoing progress on agreed upon client strategies.
• Partner with PB teams in business development, on boarding and ongoing servicing.
• Participate in profiling across the full spectrum of the needs of PB target segments and provide tailored advice in collaboration with client team. Utilize planning capabilities and develop solutions across investments including brokerage, trust and wealth transfer, credit, deposit, and all other appropriate services.
• Participate with City National Bank team on sales calls including pre-brief and de-brief meetings.
• Assume primary responsibility to work with the Investment Management Services Group on the front-end on-boarding of new investment management and trust accounts.
• Aid Private Bankers to ensure client's current goals, risk tolerance and constraints are reflected in the Investment Policy Statement and investment objective selection.
• Participate with Private Banker and Portfolio Manager when further asset allocation tailoring is needed to meet the client's needs (and will be reflected in the IPS).
• As Private Bankers direct, communicate strategic and tactical asset allocation shifts or rebalancing to the client. Assists Private Bankers in reviewing asset management and CNS Brokerage statements with clients.
• Participate in managing relationships with the client team in planning, delivery, and regular review with clients. Deliver a high degree of personal contact and open communication among clients and internal team that creates a superior client experience. Position the Private Banker as the credit and deposit lead.
• Effectively participate with a team of CNB colleagues to set strategies and provide services across the full product spectrum in order to become the client's sole or lead provider.
• Keep current on client's financial information while ensuring that clients understand the solutions being provided.
• Maintain all appropriate training and continuing education requirements for licenses and certifications.
• Ensure that Reg 9 is properly completed in a timely manner.

WHAT DO YOU NEED TO SUCCEED?

Required Qualifications*

• 3 years of experience in investments, financial planning or other financial services industries
• 3 years of experience with Microsoft Excel and PowerPoint
• 3 years working in a professional team environment
• FINRA Series 7 and 66 licenses, or the ability to obtain

Additional Qualifications

• Experience with Bloomberg, Morningstar Advisor, eMoney, or other financial databases

WHAT'S IN IT FOR YOU?

Compensation

Starting base salary: $87,027 - $138,965 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.

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