The Investment Ops Specialist Lead will support responsibilities assigned to the Trust Operations team. Position will serve as a liaison between City National Bank and SEI Private Trust Company for such transactions as Corporate Actions, Mutual Fund Trades, Trust Settlements and Asset transfers. Additionally, can support functions not processed by SEI Private Trust Company such as Document Imaging, Note Processing, Handling of physical securities and Fee Processing. The position can direct and assist in supervising colleagues in Trust Operations.
Required Qualifications*- Bachelor's Degree or equivalent
- Minimum 8 years of securities experience, preferably in trust securities.
- Minimum 8 years of experience with procedures, practices and regulations governing trust-securities operations.
Additional Qualifications
- Requires interpretation and analysis in understanding the nature of reorganizations and identifying Corporate Actions affecting customer accounts and in understanding the terms and negotiability of trade settlement confirmations.
- Ability to perform research and analysis of data related to the preparation of accounting and tax reporting entries, and interest/dividend payments as well as in encouraging resolutions of failed trade securities.
- Ability to deal with Investment Managers and brokers in difficult situations.
- Ability to interpret documentation written in a legal context
- Thorough understanding of and experience, using procedures, practices and regulations governing trust-securities operations.
- Computer systems experience preferred.
- Lead position experience preferred.
- Excellent verbal/written communication skills.
- Extreme flexibility, ability to handle a large volume of work which includes multiple tasks while maintaining accuracy.
WHAT'S IN IT FOR YOU?
CompensationStarting base salary: $28.58 - $45.66 per hour. Exact compensation may vary based on skills, experience, and location. This job is eligible for bonus and/or commissions.
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 including:
- 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
ABOUT US
Since day one we've always gone further than the competition to help our clients, colleagues and communities flourish. City National Bank was founded in 1954 by entrepreneurs for entrepreneurs and that legacy of integrity, community and unparalleled client relationships continues today. City National is a subsidiary of Royal Bank of Canada, one of North America’s leading diversified financial services companies. To learn more about City National and our dynamic company culture, visit us at
About Us.
INCLUSION AND EQUAL OPPORTUNITY EMPLOYMENT
City National Bank fosters an inclusive environment where all forms of diversity are valued and leveraged to make us a better company and employer. We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sexual orientation, gender identity, national origin, disability, veteran status or other basis protected by law.
It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.
*Represents basic qualifications for the position. To be considered for this position, you must at least meet the required qualifications. careers.cnb.com accepts applications on an ongoing basis, until filled.
Unless otherwise indicated as fully remote, reporting into a designated City National location is an essential function of the job.