Citigroup, Inc

Citi Private Bank - Investment Counselor Team Lead - Canada

Citigroup, Inc • $160K — $350K *
Toronto, ON M3C 0E3In-Person
Finance & Insurance
11 - 15 years of experience
1 month ago
Job Overview by Ladders

Qualifications

  • 15+ years of experience in investment advisory and management
  • Extensive experience in providing investment advice and solutions
  • CFA, MBA, or advanced degree preferred
  • Proven ability to implement and articulate asset allocation strategies
  • Required licensing: S7, S66 (or 63 & 65) & S3; SIE prerequisite to S7

Responsibilities

  • Lead investment revenue growth and manage AUMs for Ultra High Net Worth clients
  • Construct and oversee investment portfolios with actionable market insights
  • Implement strategic advisory planning in collaboration with Bankers
  • Conduct regular investment and business reviews with clients
  • Identify and pursue cross sell opportunities within the bank
  • Evaluate and align client investment needs with risk profiles
  • Monitor compliance with suitability policies and communicate market changes

Benefits

  • Comprehensive health and wellness plans
  • Retirement savings plan with company match
  • Generous paid time off policy
  • Opportunities for professional development and advancement
  • Access to exclusive investment tools and resources
Full Job Description
The Invst Counselor Sr Grp Mgr manages multiple teams through other managers. In-depth understanding of how own sub-function contributes to achieving the objectives of the function. A good understanding of the industry, direct competitors' products and services, is also necessary in order to contribute to the commercial objectives of the business. Requires thorough understanding of strategic direction of the function within the relevant part of the business, combined with a solid conceptual/practical grounding in both the function and/or area of expertise and related subject areas. Excellent communication skills required in order to negotiate internally, often at a senior level. Some external communication/negotiation may be necessary. Responsible for executing functional strategy in area managed. Determines approach to implementing functional strategy. Accountable for end results, budgeting, planning, policy formulation and contribution to future strategy of the area(s). Impact reflects size of team managed, strategic influence on the business and interaction with other functions or businesses.

Responsibilities:
  • The candidate chosen will be expected to lead produce growth in investment revenue and AUMs with Ultra High Net Worth clients. Experienced in constructing and overseeing investment portfolios as well as in delivering advice and guidance on markets and actionable investment ideas. Credibility to cultivate trusting, productive relationships with key partners throughout CPB and the wider Citi.They will be entrepreneurial and capable of bringing in new clients/investmnt management mandates to the bank.They will have an exceptional understanding of, and ability to communicate, the full range of investment themes, products and services Citi Private Bank offers to clients, including, though not limited to, capital market solutions, and traditional and alternative investments.
  • Implement a strategic advisory approach to account planning, focusing on the investment relationship in partnership with the Banker
  • Arrange and lead regular (quarterly) investment and business reviews with assigned clients
  • Provide clients with direct access to trading desks where appropriate
  • Actively look for cross sell opportunities in others areas of the bank, in particular lending, trust and institutional markets solutions, etc.
  • Partner with Bankers to prospect for new investment business
  • Understand the investment needs of assigned clients (i.e. return expectation, risk appetite, time horizon, liquidity needs, etc.) and ensure that positions are in line with client risk profiles.
  • Minimize the client's and Private Bank's exposure to risk by observing suitability policies and by monitoring and communicating changes in the client's financial condition as well as industry and economic trends
  • Observe suitability and credit polices at the point of client transactions for trade approval
  • Recommend strategic and tactical asset allocation in line with CPB's house view
  • Oversee and coordinate the portfolio construction and implementation of investment mandates across all appropriate internal resources such as the Investment Lab, Capital Market Specialists, Managed Investment Specialists, etc.
  • Provide direct and active ongoing portfolio advice to assigned client
  • Uncover needs that are not clearly expressed by the client
  • Be able to advise and influence clients, overcome objections and demonstrate the confidence to close significant business.
  • Lead investment discussions and presentations in one-on-one settings, in small groups, and with larger audiences.
  • Communicate complex technical details in a manner that is easily understood and consistent with the level of sophistication of the client or sales team member
  • Demonstrates resilience and ability to thrive and deliver results in a high pressure, global, rapidly changing and often ambiguous environment
  • The candidate will exemplify the highest standards of conduct in all their professional activities and will faithfully observe the letter and spirit of Citi's policies and principles.
  • Knowledge of and ability to communicate capital markets strategies (equity, fixed income, FX derivatives, rates, credit, structured products) with clients.
  • Knowledge of volatility and correlation driven strategies across asset classes - pricing of options, volatility, skew,etc
  • Display broad base of execution skills, having successfully completed a range of complex capital markets transactions; able to place trades on behalf of the client
  • Ability to distill Citi research into a coherent theme, trend or trade idea and interpret markets from both a sentiment and valuation context
  • Understand what drives valuation in different asset classes - FX, equities, credit, rates
  • Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency, as well as effectively supervise the activity of others and create accountability with those who fail to maintain these standards.


Qualifications:
  • 15+ years of experience
  • Extensive experience in providing investment advice and solutions as well as managerial experience.
  • CFA, MBA degree or other advance degree a plus
  • Prior managed investment experience with a strong ability to explain and implement asset allocation and individual asset classes. Ability to articulate and advocate the house view of Citi and CPB as well as the investments Citi recommends.
  • US Only: S7, S66 (or 63 & 65) & S3; NOTE: Securities Industry Exam (SIE is a prerequisite to the S7)


Education:
  • Bachelor's/University degree, Master's degree preferred


Job Family Group:
Private Client Product Services

Job Family:
Investment Counselor

Time Type:
Full time

Primary Location Full Time Salary Range:
$160,000.00 - $350,000.00

Most Relevant Skills
Please see the requirements listed above.

Other Relevant Skills
For complementary skills, please see above and/or contact the recruiter.

Automated Processing and AI

We use automated processing, including artificial intelligence, for our legitimate business interests (or our reasonable and appropriate business purposes) to identify and align the candidate's skills and abilities with a specific job opening. Additionally, if you so choose, or consent, we can match your skills and abilities to other suitable roles at Citi.

Importantly, all our hiring processes and decisions, including determining your suitability for a role, are conducted, checked, and decided by individuals. Our automated processing and AI do not involve relying on automatic or autonomous decision-making. Please refer to any Jurisdictional Considerations, with specific provisions for your country (where relevant) for further details.

This job opening is for an existing job vacancy.

About Citigroup, Inc

Citigroup is a financial services holding company that provides financial products and services. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG). The GCB segment offers traditional banking services to retail customers through retail banking, commercial banking, Citi-branded cards, and Citi retail services. The ICG segment offers various banking, and financial products and services to corporate, institutional, public sector, and high-net-worth clients. This segment provides wholesale banking products and services, including fixed-income and equity sales and trading, foreign exchange, prime brokerage, derivative services, equity and fixed-income research, corporate lending, investment banking, and advisory services, private banking, cash management, trade finance, and securities services. Citi is committed to sustainability and social responsibility, and the company invests in initiatives that promote economic progress.

Citigroup, Inc Careers

Join the vibrant team at Citigroup, Inc, a leading global bank, and propel your career into the future. Citigroup offers a plethora of job opportunities that span across various fields and expertise, making it an ideal place for ambitious professionals to thrive.

Work You’ll Do

At Citigroup, Inc, you will engage in exciting work that matters. Join our team to help innovate and drive transformation in the banking industry. With Citigroup, you can lead initiatives that redefine how banking works and how financial services can empower people globally.

Innovate and Lead

Citigroup, Inc is at the forefront of financial innovation and leadership. By joining our team, you will work alongside top professionals to develop solutions that enhance customer experiences and operational efficiency. Our commitment to innovation is fundamental, and we encourage our team to push boundaries and think outside the box.

Grow Your Career

Citigroup, Inc is not just a company; it's a place where you can grow both professionally and personally. We offer robust career paths and professional development opportunities that help you reach your potential. With diverse career tracks and the support of leadership, your growth at Citigroup is limitless.

Diversity and Inclusion

We believe our strength comes from the diversity of our team. Citigroup, Inc is dedicated to fostering an inclusive workplace where everyone can contribute their best work. Through diversity training and a culture that embraces differences, we create a welcoming environment for all employees.

Benefits and Culture

Citigroup, Inc values the well-being of its employees. We offer competitive benefits packages that support the health, finance, and lifestyle of our team members. Our culture is built on collaboration, respect, and a commitment to excellence. We ensure that every team member feels valued and part of our global family.

Internship and Employment Opportunities

Start your professional journey with Citigroup through our internship programs or full-time job opportunities. We are constantly hiring fresh talent and seasoned experts who bring creativity and innovation to our team. Whether you're refining your skills or ready to lead, there's a position waiting for you at Citigroup.

Networking and Professional Development

At Citigroup, Inc, networking and continuous learning are part of our DNA. We provide platforms for employees to connect with industry leaders and peers, enhancing their skills and opening up new career opportunities. Our leadership programs and professional development initiatives ensure that you are always ahead of the curve.

Join Our Team

Explore the numerous positions available at Citigroup, Inc that match your skills and interests. We are looking for passionate, curious, and solution-driven team players who are ready to make an impact.

Stay Connected

Keep up to date with the latest in career opportunities and industry insights at Citigroup, Inc. Subscribe to our job alert emails and read our careers blog to stay ahead in your professional journey.

Explore Citigroup, Inc Jobs

Discover the exciting and rewarding opportunities that await at Citigroup, Inc. Tailor your resume, prepare for your interview, and take the next step in your career with us.

SEARCH CITIGROUP JOBS

READ CAREERS BLOG

Citigroup, Inc is where your ambition meets opportunity. Join us and transform your career while making a global impact.
Learn more about Citigroup, Inc
Market Cap
$1.3 billion
Industry
Finance & Insurance
Net Income
$89.6 million
Founded
1812
5 Year Trend
+4.6%
NASDAQ
C
* Ladders Estimates

Similar Jobs

Ad banner background

Get Ready For Your
Next Interview

More Jobs at Citigroup, Inc

More Finance & Insurance Jobs

Find similar Citi Private Bank - Investment Counselor Team Lead - Canada jobs:

NationwideToronto, ON