What are the responsibilities and job description for the Trust Portfolio Manager 1 position at City National Bank?
City National Bank is a multi-award-winning and highly successful financial institution committed to delivering exceptional service to our customers—and that commitment extends across every role in our organization. We’re looking for talented individuals who share our dedication to excellence and understand the vital role customer service plays in everything we do.
Why choose City National Bank? At City, we understand that our employees are our greatest asset. That’s why we offer an inclusive and supportive work environment where you can thrive both personally and professionally. Here’s what sets us apart:
Summary Description
Work closely with Portfolio Managers to assist with the overall investment function, including emphasis on execution of investment programs to achieve the objectives of assigned relationships. Act within investment policy guidelines to manage a book of portfolios for assigned relationships. Compile investment research as provided by various resources to provide contributions to the overall investment function of the Trust Investment Committee.
Essential Functions
- Direct purchase, sale and redemption of investment securities
- Work closely with portfolio managers on asset allocation of client portfolios
- Daily monitoring of the Divisions’ approved securities
- Support and maintenance of the Divisions’ approved securities lists (equity, mutual fund, exchange traded fund) including preparation for Trust Investment Committee meetings
- Perform due diligence on Divisions’ closely held securities lists
- Perform annual Reg 9 reviews working with Trust Administrative Officers
- Meet with prospective and existing clients to review financial objectives and account
- Work closely to support new business development officers with preparation of proposals, including client presentations
- Assist Trust Portfolio Managers with special projects as assigned
- Adherence to all regulatory compliance policies and procedures
- Participates in various community-based activities
Position Requirements
- Bachelors degree in related field
- Familiarity with a broad range of trust and investment services
- Familiarity with overall investment markets
- 3-5 years of relevant experience preferred
- Willingness to attend Trust School
- 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
- Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions
Critical Skills/Expertise
- Strong attention to detail
- Computer proficiency: Word, Excel, Access, PowerPoint
- Excellent communication skills: written and verbal
- Familiarity with tax and regulatory issues
Schedule
Monday through Friday
Join City National Bank and become part of a team where every role plays a part in creating outstanding customer experiences. We look forward to hearing from you!
City National Bank is an Equal Opportunity Employer.