What are the responsibilities and job description for the Junior Portfolio Manager position at City National Bank?
Summary Description
This individual will train closely with the Trust & Wealth Management Division Portfolio Managers to obtain the various skills and expertise necessary for transition into a Portfolio Manager. They will assist with the implementation of the overall investment function within the Investment Policy guidelines and learn to manage a book of portfolios for assigned relationships. The actual time for progression to become a Portfolio Manager will depend on the individual's skill set and knowledge level.
Essential Functions
- Work closely with Portfolio Manager group to develop skills necessary to independently manage client portfolios and client relationships
- Learn department's techniques associated with asset allocation of client portfolios
- Learn department's processes involved with direct purchase, sale and redemption of investment securities
- Obtain working knowledge required for adherence to regulatory and compliance policies and procedures
- Coordinate and assist with daily monitoring of the Divisions approved securities lists (equity, mutual fund, exchange traded fund, etc.)
- Assist Portfolio Managers/Business Development Officers with the preparation of meeting materials to review financial objectives and account performance for existing clients
- Accompanies and supports Trust Portfolio Managers when meeting existing and prospective clients
- Assist Trust Portfolio Managers with special projects as identified and assigned
- Participate in various community related activities and functions
- Reasonable accommodations may be made to enable individuals with disabilities to perform expected functions
Position Requirements
- Bachelor's degree in related field
- Familiarity with a broad range of trust and investment markets preferred
- Willingness to complete additional education as assigned
- Overnight travel may be necessary on a limited basis
- Work is generally performed indoors in environmentally controlled conditions
- Typically, the employee may sit to perform the work. However, there may be some standing, walking, bending and carrying of light items in the course of the work
Critical Skills / Expertise
- Strong attention to detail
- Strong analytical skills
- Computer proficiency; Word, Excel, Access, accounting software
- Professional image and excellent oral and written communication skills
- Excellent communications skills
- Strong leadership skills