Trader Associate Portfolio Manager Fixed Income
City National Bank
*TRADER ASSOCIATE PORTFOLIO MANAGER FI*
WHAT IS THE OPPORTUNITY?
Primarily responsible for executing buy and sell orders for corporate and/or municipal bonds in both secondary and primary markets for duration targeted fixed income strategies. Trades are made within the context of a model strategy that targets a specific duration with limited or no special account restrictions. Sales are made primarily to raise cash for distribution or reallocation, or due to a deteriorating credit situation for a specific holding. May participate in active strategy portfolio management at the discretion of PM's or Sr. PMs on the fixed income team. Manage and report volume, flow and other relevant trading and market statistics. Liaison with PM teams to ensure open communication and education on various aspects of portfolio construction, sales and market conditions.
What you will do
* Determine and implement appropriate trades that are consistent with client and strategy objectives for both new and existing accounts
* Communicate with various broker/dealers via phone, Bloomberg and other electronic trading platforms to buy and sell fixed income securities appropriate for the assigned strategies in an efficient and market savvy manner
* Develop and maintain dealer relationships to optimize deal access and secondary market execution
* Review orders to ensure accuracy, proper record keeping, and conformance to regulations
* Evaluate market volatility and ensures clients receive the best rate available
* Perform any necessary follow up activities to ensure proper final processing of trades
* Monitor technical trading trends and report to broader fixed income team
* Interface with research and investment teams to ensure City National Rochdale's strategy is accurately reflected in portfolios
* Communicate strategic and market shifts to internal colleagues
* Review the assets the passive strategies on a regular basis to ensure that investments continue to meet the intent and strategies of the client
* Manage cash flow, coupon and maturity reinvestment and liquidity requirements
* Communicate to internal colleagues, especially PM teams, about current market conditions and trading strategies.
* Maintain all appropriate compliance, training and continuing education requirements for both internal programs and external licenses and certifications
* Actively participate in team and firm efforts to find process efficiencies via enhanced technology and "digital mastery"
* Perform other department-related duties as required
*Must-Have**
* Bachelor's Degree or equivalent
* Minimum 3 years' experience in the fixed income markets
*Skills and Knowledge*
* Strong technology background and agility
* Demonstrated self-motivation and emotional intelligence
* High level of curiosity, sense of ownership, accountability and ethical standards
* Knowledge of Bloomberg and other financial market platforms (e.g. MarketAxess)
* Excellent analytical skills, understanding of the economy and market conditions
* Securities trading, dealer relationships and trading platforms
* Strong communication skills and ability to work in a team environment
* Ability to effectively articulate the CNR investment philosophy to internal constituents
* Ability to plan, organize and prioritize
* Interest in pursuing MBA and/or CFA
* Series 7 and 66 or ability to obtain
* Strong technology skills
*Compensation*
Starting 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.
**To be considered for this position you must meet at least these basic qualifications*
The preceding job description has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job.
*Benefits and Perks*
At City National, we strive to be the best at whatever we do, including the benefits and perks we offer our colleagues. Get an inside look at our [ Benefits and Perks](https://image.emails.cnb.com/lib/fe5e15707c640c78771c/m/10/cbedd856-c2fc-491b-a625-3ab7a0fd9a65.pdf).
*INCLUSION AND EQUAL OPPORTUNITY EMPLOYMENT*
City National Bank is an equal opportunity employer committed to diversity and inclusion. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status or any other basis protected by law.'
ABOUT CITY NATIONAL
We start with a basic premise: Business is personal. Since day one we've always gone further than the competition to help our clients, colleagues and community flourish. City National Bank was founded in 1954 by entrepreneurs for entrepreneurs and that legacy of integrity, community and unparalleled client relationships continues to drive phenomenal growth today. City National is a subsidiary of Royal Bank of Canada, one of North America's leading diversified financial services companies.
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