Private Wealth Analyst

City National Bank • San Francisco, CA

10d • $87,027 - $138,965

About The Position

Supports PB client teams in delivering investment analysis and financial planning materials for high-net-worth and ultra-high-net-worth individuals and families within a specific region. Partners with Private Banking team in business development and relationship management activities to support investment management prospects and clients.

Requirements

• 5 years of experience in investments or other financial services industries
• Minimum of 5 years of experience with Microsoft Excel and PowerPoint programs as well as Bloomberg, Morningstar Advisor Workstation, MoneyTree Allocation Master, and other financial databases
• Minimum of 3 years working in a professional team environment

Nice To Haves

• FINRA Series 7 and 63 securities required preferred

Responsibilities

• Provide in-depth sales materials for Private Bankers by creating sophisticated portfolio and market analyses using a variety of investment and financial markets database tools.
• Assist Private Bankers in performing financial planning analyses.
• Collaborate closely with Tax and Financial Planning team.
• Lead region as the subject matter expert in using Naviplan as a primary planning resource and tool.
• Lead in the administrative and follow up actions to ensure delivery of Investment Policy Statements and ongoing progress on agreed upon client strategies.
• Partner with PB teams in business development, on boarding and ongoing servicing.
• Participate in profiling across the full spectrum of the needs of PB target segments and provide tailored advice in collaboration with client team. Utilize planning capabilities and develop solutions across investments including brokerage, trust and wealth transfer, credit, deposit, and all other appropriate services.
• Participate with CNB team on sales calls including pre-brief and de-brief meetings.
• Assume primary responsibility to work with IM&T Administrative group on the front-end on-boarding of new investment management and trust accounts.
• Aid Private Bankers to ensure client's current goals, risk tolerance and constraints are reflected in the Investment Policy Statement and investment objective selection.
• Participate with Private Banker and Portfolio Manager when further asset allocation tailoring is needed to meet the client's needs (and will be reflected in the IPS).
• As Private Bankers direct, communicate strategic and tactical asset allocation shifts or rebalancing to the client. Assists Private Bankers in reviewing asset management and CNS Brokerage statements with clients.
• Participate in managing relationships with the client team in planning, delivery, and regular review with clients. Deliver a high degree of personal contact and open communication among clients and internal team that creates a superior client experience. Position the Private Banker as the credit and deposit lead.
• Effectively participate with a team of CNB colleagues to set strategies and provide services across the full product spectrum in order to become the client's sole or lead provider.
• Keep current on client’s financial information while ensuring that 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.

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
• Education Level: No Education Listed