PORTFOLIO MANAGER ASSOCIATEWHAT IS THE OPPORTUNITY?
Implement proprietary strategies and asset allocation for RBC Rochdale Financial Advisors and clients. Assist Sr. Portfolio Managers (SPM) in the development of short-and long-term investment strategies and approaches to achieve investment goals for clients.
WHAT WILL YOU DO?
- Partner with portfolio managers to recommend initial strategic asset class allocation for new clients, and recommendations for trades and allocation changes for existing clients.
- Respond to incoming calls, emails, and inquiries from clients and advisors - Portfolio characteristics, economic updates, and the firm's investment thesis - Specific strategies and solutions: business description and reasons we own - Tie everything to client's goals and aspirations - Create, research, and provide detailed ad-hoc analyses
- Manage the Book: analyses/activities on the total book of business, segments of the book, and client portfolios. - Track new clients and specific actions to take across the Book and for specific clients
- Trade execution; buy and sell securities to implement asset allocations for client portfolios, based on client's investment mandates, cash needs, firm strategy changes and general rebalancing; assess tax liabilities and client directed account restrictions to determine whether macro investment decisions are applicable on the account level; manage complex situations.
- Monitor client portfolios for deviations from specified strategy or to provide investment recommendations.
- Create and/or review client portfolio review presentations and portfolio risk/return analysis presentations.
- Manage the workflow and development of teammates: - Training of systems and procedures - Foster growth of responsibilities, and thinking, and serving clients - Delegate portfolio management tasks between the team members
- Reinforce PM/Research guidance throughout the team environment, i.e., a bridge between PMs/Research to teammates.
- Promote the development and growth of our colleagues; nurture and care about their aspirations and goals.
- Collaborate with technology, strategy, operations, trading teams, etc., to improve processes across the firm.
- Support the management of process control on the team.
- Complete special projects as requested.
WHAT DO YOU NEED TO SUCCEED?
Required Qualifications*- Bachelor's Degree or equivalent
- Minimum 4 years of experience in Investment Management
- FINRA Series 65 or Series 66 or ability to obtain
Additional Qualifications- Master's Degree MBA and/or CFA, received or underway, preferred
- Think and act like a PM; stand in as the PM - team, client, and advisor facing; mindset of serving clients and advisors
- Well-versed on macro-economic environment, and able to tell the Rochdale story to convey our value-proposition, and convey and reinforce our messaging
- Interest in, desire to follow, and love for markets
- Ability to articulate the complex in understandable and consumable terms to advisors and clients with varied investment knowledge and understanding; shift seamlessly from high-level concepts to drill down into specifics
- Skill in demonstrating empathy, emotional intelligence, relationship management, and communications
- Extensive knowledge of markets and industry as well as portfolio management expertise
- Comprehensive understanding of Rochdale investment and research philosophy
- Analytical skills, ability to translate and implement theoretical into practical, flawless execution and quality, and attention to detail
- Operate well in a high growth environment; ability to manage high volume task orientation while contemplating future growth and team capabilities
- Ability to work independently and use sound judgment
- Extensive knowledge of the Firm's proprietary trading system, as well as the portfolio accounting system
- Assessment of skills and capabilities of others
- Teaching skills
- Continuous improvement mindset
- Strong problem solving skills
WHAT'S IN IT FOR YOU?CompensationStarting 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 PerksAt City National, we strive to be the best at whatever we do, including the benefits and perks we offer our colleagues including:
- 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.
*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.
