Portfolio Manager Associate

City National Bank • New York, NY

4d • $92,114 - $156,880

About The Position

Implement proprietary strategies and asset allocation for RBC Rochdale Financial Advisors and clients. Assist Sr. Portfolio Managers (SPM) in the development of short-and long-term investment strategies and approaches to achieve investment goals for clients.

Requirements

• Master's Degree Preferred
• Minimum 4 years of experience in Investment Management
• FINRA Series 7 and 66 securities or ability to obtain

Nice To Haves

• Think and act like a PM; stand in as the PM – team, client, and advisor facing; mindset of serving clients and advisors
• Well-versed on Rochdale’s investment products, macro-economic environment, and able to tell the Rochdale story to convey our value-proposition, and convey and reinforce our messaging
• Interest in, desire to follow, and love for markets
• Ability to articulate the complex in understandable and consumable terms to advisors and clients with varied investment knowledge and understanding; shift seamlessly from high-level concepts to drill down into specifics
• Skill in demonstrating empathy, emotional intelligence, relationship management, and communications
• Extensive knowledge of markets and industry as well as portfolio management expertise
• Comprehensive understanding of Rochdale investment and research philosophy
• Analytical skills, ability to translate and implement theoretical into practical, flawless execution and quality, and attention to detail
• Operate well in a high growth environment; ability to manage high volume task orientation while contemplating future growth and team capabilities
• Ability to work independently and use sound judgment
• Extensive knowledge of the Firm’s proprietary trading system, as well as the portfolio accounting system
• Assessment of skills and capabilities of others
• Teaching skills
• Continuous improvement mindset
• Strong problem solving skills

Responsibilities

• Partner with portfolio managers to recommend initial strategic asset class allocation for new clients, and recommendations for trades and allocation changes for existing clients.
• Client calls and inquiries: be able to discuss both economic and client portfolio topics: - Introductory and ongoing review calls, build the client relationship and rapport, discuss the relevant economic outlook and the applicability to the client’s portfolio and goals - Respond to incoming calls, emails, and inquiries from clients and advisors - Portfolio characteristics, economic updates, and the firm’s investment thesis - Specific strategies and solutions: business description and reasons we own - Tie everything to client’s goals and aspirations - Create, research, and provide detailed ad-hoc analyses
• Manage the Book: analyses/activities on the total book of business, segments of the book, and client portfolios. - Track new clients and specific actions to take across the Book and for specific clients
• Trade execution; buy and sell securities to implement asset allocations for client portfolios, based on client’s investment mandates, cash needs, firm strategy changes and general rebalancing; assess tax liabilities and client directed account restrictions to determine whether macro investment decisions are applicable on the account level; manage complex situations.
• Monitor client portfolios for deviations from specified strategy or to provide investment recommendations.
• Create and/or review client portfolio review presentations and portfolio risk/return analysis presentations.
• Manage the workflow and development of teammates: - Training of systems and procedures - Foster growth of responsibilities, and thinking, and serving clients - Delegate portfolio management tasks between the team members
• Reinforce PM/Research guidance throughout the team environment, i.e., a bridge between PMs/Research to teammates.
• Promote the development and growth of our colleagues; nurture and care about their aspirations and goals.
• Collaborate with technology, strategy, operations, trading teams, etc., to improve processes across the firm.
• Support the management of process control on the team.
• Complete special projects as requested.

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
• Number of Employees: 5,001-10,000 employees