Trader, Senior - US Private Trading Office

City National Bank
  • Los Angeles, California
  • Remote
  • $122,535–$208,715 Per Year
  • Full-time
2 days ago

Job Description

Overview:
TRADER, SENIOR - US PRIVATE TRADING OFFICE

 

WHAT IS THE OPPORTUNITY?
The Senior Trader manages global multi-asset trade execution and client accounts for the U.S. Private Trading Office, serving Ultra High Net Worth and Family Office clients. This role reports directly to the SVP & Head of the Private Trading Office and is responsible for ensuring best execution standards, regulatory compliance, and maintaining client relationships across a specialized trading desk.

 

WHAT WILL YOU DO?
  • Manage the daily global trading needs for PTO clients across asset classes providing clients with best execution.
  • Monitor client accounts – identify, investigate, and resolve any issues in a timely and efficient manner.
  • Maintain a strong knowledge of best practices with regards to trading capability across asset classes through engagement both internally and externally
  • Cultivate strategic partnerships and collaborate across the RBC enterprise (CNB, RBC Enterprise Strategic Client Group, RBC Global Markets, RBC Wealth Management, etc.) to drive business growth, implement bespoke trading solutions or explore opportunities to expand/deepen existing client relationships.
  • Collaborate with external financial institutions (broker-dealers, fund companies) as it relates to client’s trading needs or to explore new opportunities and innovative solutions.
  • Monitor macroeconomic, government and financial market conditions globally to provide value-added commentary to PTO clients and strategic partners.
  • Assist in the development/implementation of investment mandates.
  • Engage with clients regarding KYC/AML and other onboarding related issues.
  • Establish and maintain good relations with the broker/dealer community through regular telephone contact and business/social meetings.
  • Identify new product or technology needs and work with vendors or trading partners to fulfill as required.
  • Ensure compliance protocols and regulatory adherence across all trading and client account activities
  • Maintain all appropriate training and continuing education requirements for both internal programs and external licenses and certifications.

 

WHAT DO YOU NEED TO SUCCEED?
Required Qualifications*
  • Bachelor's Degree or equivalent
  • 10 years of relevant financial markets & trading experience (buy/sell side).
  • FINRA Series 7 and 63 or 66 licenses
 
Additional Qualifications
  • Trading expertise in multiple asset classes: equities, fixed income, foreign exchange, equity options, ETF’s, futures.
  • Thorough knowledge of regulatory requirements for broker-dealers and RIAs
  • Demonstrated trade desk management experience and acknowledged success in a trade management role.
  • Experience and proficiency with order management systems & trading platforms (Bloomberg, Trafix, etc.)
  • Knowledge and understanding of applicable FINRA, SEC broker/dealer regulations as well as Municipal Securities Rulemaking Board (MSRB) and Government Securities Act (GSA) regulations
  • 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.
  • FINRA Series 57
  • Ability to engage and cultivate partnerships within and outside the organization to drive results.
  • Strong relationship management/sales skills.
  • Proven ability to work effectively in a collaborative, fast-paced environment.
  • Demonstrated initiative and ability to 'think outside the box'. Strong organizational skills and the ability to manage multiple priorities.

WHAT'S IN IT FOR YOU?
Compensation
Starting base salary: $122,535- $208,715 per year. 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
 
Get a more detailed look at our Benefits and Perks.

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.

Numbers & Facts

LocationLos Angeles, California (
Remote
)
Job TypeFull-time
Salary$122,535–$208,715 Per Year

Skills

  • Alliance/Partner Managementunmatched
  • Best Practicesunmatched
  • Brokerageunmatched
  • Business Growthunmatched
  • Community Supportunmatched
  • Customer Relationsunmatched
  • Dental Insuranceunmatched
  • Develop and Maintain Customersunmatched
  • Entrepreneurshipunmatched
  • Financial Servicesunmatched
  • Fixed Income Investmentsunmatched
  • Foreign Exchange (FX)unmatched
  • Futuresunmatched
  • Governmentunmatched
  • Health Planunmatched
  • High Net Worthunmatched
  • Know Your Customer (KYC)unmatched
  • Maintain Complianceunmatched
  • Microsoft Excelunmatched
  • Microsoft Officeunmatched
  • Microsoft PowerPointunmatched
  • Microsoft Wordunmatched
  • Multitaskingunmatched
  • Network Supportunmatched
  • Onboardingunmatched
  • Order Managementunmatched
  • Organizational Skillsunmatched
  • People Managementunmatched
  • Presentation/Verbal Skillsunmatched
  • Problem Solving Skillsunmatched
  • Registered Investment Advisor (RIA)unmatched
  • Regulationsunmatched
  • Regulatory Complianceunmatched
  • Regulatory Requirementsunmatched
  • Relationship Managementunmatched
  • Salesunmatched
  • Sales Managementunmatched
  • Securitiesunmatched
  • Securities and Exchange Commission (SEC)unmatched
  • Series 7unmatched
  • Stock Marketunmatched
  • Systems/Internals Programmingunmatched
  • Team Playerunmatched
  • Time Managementunmatched
  • Trading Platformsunmatched
  • Vision Planunmatched
  • Wealth Managementunmatched
  • Writing Skillsunmatched

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