TRADER FIXED INCOME II WHAT IS THE OPPORTUNITY? This position works closely with and supports the CNS Head Trader and the Senior Tax-Exempt Securities Trader and must be capable of performing all functions of that position, in the Head Trader's absence. May also provide back-up to the Senior Tax-Exempt Securities Trader and may perform those functions in the absence of that colleague. WHAT WILL YOU DO? Perform wholesale purchasing and selling of all taxable securities for the CNS Trading Account. Contact various broker/dealers to buy and sell securities at the most competitive prices to secure a profit. Execute and completes orders involving commitments for the Trading Account, adhering to Bank underwriting and trading policies. Make a market and manage a trading position, maintaining a marketable inventory through timely buying and selling of taxable securities. Place commercial paper orders with direct issuers. Secure corporate bond offerings on a “riskless principal” basis to fit client needs. Gather rates and news information, call other market makers and follow pricing services such as Bloomberg, to establish yield levels and prices (on a current basis) for all securities in the taxable inventory. Communicate pricing to sales colleagues by updating computerized inventory and announcing any changes. Establish and maintain good relations with the broker/dealer community through regular telephone contact and business/social meetings. Assist sales colleagues to develop new clients and service existing clients with their investment needs. Identify new product or technology needs and work with vendors or trading partners to fulfill as required. Advise sales colleague and management of pertinent market and economic information and its anticipated effects upon the market. Gather data from market information services, industry forecasts and publications and determines how these activities will affect security prices and yields. Present evaluation and briefing as necessary during the day. Advises on Treasury auction calendar, new Federal Agency issues, and favorable prices on Agency discount notes available from the window. Verify accuracy and pricing on daily inventory reports and keeps management apprised. Assist operation staff with tenders and non-competitive subscriptions for U.S. Treasuries. Help maintain reports and records as required in the Bank’s procedures. Maintain all appropriate training and continuing education requirements for both internal programs and external licenses and certifications. Monitor inventory accounts and trade reports. Identify, investigate, and resolve issues including risk management issues. Provide investment officers and financial advisors with portfolio analytics and investment proposals. Identify and resolve trade issues in a timely and efficient manner. Provide management with ad-hoc position reports used to identify potential risk issues. Assist CNS Branch Manager and/or CNS Chief Compliance Officer with projects and tasks related to CNS’ adherence to regulatory rules, policies and procedures. Must-Have* Bachelor's Degree or equivalent 7 plus years of experience in brokerage fixed income trade desk operation. 5 or more years in a securities environment, with at least three years on a trading desk. FINRA Series 7, 24, 53 and 63-65 or 66. Skills and Knowledge Demonstrated trade desk management experience and acknowledged success in a trade management role. Thorough knowledge of regulatory requirements, including TRACE and MSRB, etc. Strong knowledge of Bloomberg, Bloomberg TOMS, Bloomberg API. Knowledge and understanding of applicable FINRA, SEC broker/dealer regulations as well as Municipal Securities Rulemaking Board (MSRB) and Government Securities Act (GSA) regulations, FINRA Series 7, 24, 53 and 63-65 or 66. 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. Thorough knowledge of regulatory requirements, including TRACE and MSRB, etc. preferred 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. ABOUT CITY NATIONAL City National Bank, a subsidiary of Royal Bank of Canada, is the largest bank headquartered in Los Angeles with $92.03 billion in assets as of April 30, 2024. Founded in 1954, City National provides personalized banking, investment and trust services in select markets including Los Angeles, Orange County, San Diego, the San Francisco Bay Area, New York City, Nashville, Atlanta, Delaware, Las Vegas, Washington D.C. and Miami.* In addition, the company and its investment affiliates manage or administer $96.83 billion in client investment assets. City National is dedicated to strengthening communities, and in 2023 alone, the company made more than $11 million in charitable contributions to nonprofits that support the communities it serves. *City National Bank does business in Miami and the state of Florida as CN Bank. For more information about City National, visit cnb.com. EQUAL OPPORTUNITY EMPLOYER & REASONABLE ACCOMMODATION City National Bank is an equal opportunity employer committed to promoting and maintaining a diverse, equitable and inclusive working environment where differences are valued and encouraged. 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 the laws or regulations in the locations where we operate or in our Code of Conduct. READ MORE If you are a qualified individual with a disability or a disabled veteran, you have the right to request a reasonable accommodation for any part of the employment process. Please contact us via email or leave a message at (213) 673-9139. These contact methods are dedicated to applicants whose disability prevents them from successfully applying online. Only messages left for this purpose will be returned. Responses may take up to two business days.