Location: San Francisco, CA 94111
Opportunity
Support private wealth client teams by delivering investment analysis and financial planning materials for high-net-worth and ultra-high-net-worth individuals and families within a defined region. Collaborate with the Private Banking team on business development and relationship management activities to support investment management prospects and clients.
What you will do
- Prepare in-depth sales materials for Private Bankers by creating sophisticated portfolio and market analyses using a range of investment and financial markets database tools.
- Assist Private Bankers in conducting financial planning analyses.
- Collaborate closely with the Tax and Financial Planning teams.
- Lead the region as the subject matter expert in Naviplan as the primary planning resource and tool.
- Oversee administrative and follow up actions to ensure the timely delivery of Investment Policy Statements and progress on agreed client strategies.
- Partner with Private Banking teams in business development, onboarding and ongoing servicing.
- Profile across the full spectrum of needs within Private Banking target segments and provide tailored advice in collaboration with the client team.
- Utilize planning capabilities and develop solutions across investments including brokerage, trust and wealth transfer, credit, deposit, and other appropriate services.
- Participate with CNB teams on sales calls including pre-brief and de-brief meetings.
- Take primary responsibility to work with the IM&T Administrative group on the front-end onboarding of new investment management and trust accounts.
- Assist Private Bankers to ensure client goals, risk tolerance and constraints are reflected in the Investment Policy Statement and investment objective selection.
- Participate with Private Banker and Portfolio Manager when asset allocation tailoring is needed to meet client requirements (as reflected in the IPS).
- As directed by Private Bankers, communicate strategic and tactical asset allocation shifts or rebalancing to the client; review asset management and CNS Brokerage statements with clients.
- Assist in managing relationships with the client team in planning, delivery, and regular reviews to ensure a high level of personal contact and open communication that supports a superior client experience. Position the Private Banker as the credit and deposit lead.
- Work with CNB colleagues to set strategies and deliver services across the full product spectrum to become the client’s primary or lead provider.
- Keep current on client financial information and ensure clients understand the solutions being provided.
- Maintain all appropriate training and continuing education requirements for licenses and certifications.
- Ensure that Reg 9 is properly completed in a timely manner.
What you need to succeed
- Required Qualifications
- 5 years of experience in investments or other financial services industries.
- Minimum of 5 years of experience with Microsoft Excel and PowerPoint, as well as Bloomberg, Morningstar Advisor Workstation, MoneyTree Allocation Master, and other financial databases.
- Minimum of 3 years working in a professional team environment.
- Additional Qualifications
- FINRA Series 7 and 63 securities required, preferred.
Compensation and Benefits
Starting base salary: $87,027 - $138,965 per year. Exact compensation may vary based on skills, experience, and location. This job is eligible for bonus and/or commissions.
Benefits and Perks
- 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.
About Us
City National Bank has long prioritized going beyond the competition to help clients, colleagues, and communities thrive. Founded in 1954 by entrepreneurs for entrepreneurs, our enduring legacy centers on integrity, community, and exceptional client relationships. City National is a subsidiary of Royal Bank of Canada, a leading North American diversified financial services company. For more about City National and our culture, visit About Us.
Inclusion and Equal Opportunity Employment
City National Bank fosters an inclusive environment where diversity is valued and leveraged to strengthen the organization. We are an equal opportunity employer and all qualified applicants will be considered for employment without regard to race, color, religion, sexual orientation, gender identity, national origin, disability, veteran status, or other protected status.
It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment. An employer who violates this law may be subject to criminal penalties and civil liability.
Applications are accepted on an ongoing basis until filled. Reporting into a designated City National location is an essential function of the job unless otherwise indicated as fully remote.
