TRADER, SENIOR - US PRIVATE TRADING OFFICEThe Senior Trader manages global multi-asset trade execution and client accounts for the U.S. Private Trading Office, serving Ultra High Net Worth and Family Office clients. This role reports directly to the SVP & Head of the Private Trading Office and is responsible for ensuring best execution standards, regulatory compliance, and maintaining client relationships across a specialized trading desk.
WHAT WILL YOU DO?
- Manage the daily global trading needs for PTO clients across asset classes providing clients with best execution.
- Monitor client accounts - identify, investigate, and resolve any issues in a timely and efficient manner.
- Maintain a strong knowledge of best practices with regards to trading capability across asset classes through engagement both internally and externally
- Cultivate strategic partnerships and collaborate across the RBC enterprise (CNB, RBC Enterprise Strategic Client Group, RBC Global Markets, RBC Wealth Management, etc.) to drive business growth, implement bespoke trading solutions or explore opportunities to expand/deepen existing client relationships.
- Collaborate with external financial institutions (broker-dealers, fund companies) as it relates to client's trading needs or to explore new opportunities and innovative solutions.
- Monitor macroeconomic, government and financial market conditions globally to provide value-added commentary to PTO clients and strategic partners.
- Assist in the development/implementation of investment mandates.
- Engage with clients regarding KYC/AML and other onboarding related issues.
- Establish and maintain good relations with the broker/dealer community through regular telephone contact and business/social meetings.
- Identify new product or technology needs and work with vendors or trading partners to fulfill as required.
- Ensure compliance protocols and regulatory adherence across all trading and client account activities
- Maintain all appropriate training and continuing education requirements for both internal programs and external licenses and certifications.
WHAT DO YOU NEED TO SUCCEED?
Required Qualifications*- Bachelor's Degree or equivalent
- 10 years of relevant financial markets & trading experience (buy/sell side).
- FINRA Series 7 and 63 or 66 licenses
Additional Qualifications- Trading expertise in multiple asset classes: equities, fixed income, foreign exchange, equity options, ETF's, futures.
- Thorough knowledge of regulatory requirements for broker-dealers and RIAs
- Demonstrated trade desk management experience and acknowledged success in a trade management role.
- Experience and proficiency with order management systems & trading platforms (Bloomberg, Trafix, etc.)
- Knowledge and understanding of applicable FINRA, SEC broker/dealer regulations as well as Municipal Securities Rulemaking Board (MSRB) and Government Securities Act (GSA) regulations
- Proficient with Microsoft Office (Word, Excel & PowerPoint).
- Must possess demonstrated supervisory skills and excellent verbal and written communications skills sufficient to interact with all levels of Bank Personnel and clients.
- FINRA Series 57
- Ability to engage and cultivate partnerships within and outside the organization to drive results.
- Strong relationship management/sales skills.
- Proven ability to work effectively in a collaborative, fast-paced environment.
- Demonstrated initiative and ability to 'think outside the box'. Strong organizational skills and the ability to manage multiple priorities.
WHAT'S IN IT FOR YOU?CompensationStarting base salary: $122,535 - $208,715 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.
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