Private Wealth Analyst - Strategic Planning Lead

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

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.