Investment Services Associate

City National Bank • Los Angeles, CA

1d • Onsite

About The Position

Work with Investment Services Managers in the managing of the overall relationship of assigned managed agency accounts. Represent Wealth Management in various business activities and maintains contacts with clients, administrators, trustees, beneficiaries, attorneys and others regarding accounts. Work closely with portfolio managers, advisors, and others in providing high quality service and ensures compliance with all statutory requirements.

Requirements

• Bachelor's Degree or equivalent
• 2 years of experience in a investment management or trust environment
• 1 year of experience in a financial services organization
• 1 year of experience with Microsoft Office (Word, Excel, PowerPoint, Outlook)

Nice To Haves

• Excellent organizational and problem solving skills.
• Experience with SEI’s Trust 3000 Trust Accounting System preferred.
• Proficient with Microsoft Office (Word, Excel, PowerPoint, Outlook)
• Excellent verbal and written communication skills.
• Bachelor’s Degree in Business, Finance or related area preferred, or equivalent 1 to 3 years work experience.

Responsibilities

• Process fund transfers, wires, checks, transfers to and from City National bank accounts and ACH.
• Administration of IRAs.
• Prepare client portfolio review books for Advisors.
• Process of client account maintenance requests.
• Ad hoc requests (i.e. requests for statements, 1099's, copy of trade confirmations, etc.).
• Assist Investment Services Managers with the annual confirmation of investment objectives.
• Assist Investment Services Managers with various compliance reports such as anticipated fees, investment change verification, zero balance accounts, accounts not scheduled for events, etc.
• Prepare custom client reporting.
• Follow appropriate Regulation 9 process.
• Maintain all appropriate training and continuing education requirements for both internal programs and external licenses and certifications.
• Comply with the regulatory requirements established by the Office of the Comptroller of the Currency (OCC) as well external and internal auditors and the WMS Compliance Officer.
• Assure that trust policies and procedures coincide with division and bank objectives.

Benefits

• 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

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level