Trader, Senior - US Private Trading Office

City National Bank • Los Angeles, CA

4d

About The Position

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. Reporting directly to the SVP & Head of the Private Trading Office, the role is responsible for best execution, regulatory compliance, and client relationships across a specialized trading desk.

The position involves managing clients’ daily global trading needs across asset classes, monitoring and resolving account issues, and keeping current on trading capabilities and best practices. The Senior Trader works with partners across the RBC enterprise and external financial institutions to support business growth, develop bespoke trading solutions, and expand or deepen client relationships. The role also monitors global macroeconomic, government, and financial-market conditions; assists with investment mandates; supports client KYC/AML and onboarding; and maintains relationships with the broker/dealer community.

The Senior Trader identifies product and technology needs, works with vendors and trading partners on solutions, ensures compliance across trading and client-account activities, and maintains required training and continuing education for internal programs and external licenses and certifications.

Requirements

• Bachelor's degree or equivalent.
• 10 years of relevant financial-markets and trading experience on the buy or sell side.
• FINRA Series 7 and 63 or 66 licenses.
• Knowledge of applicable FINRA and SEC broker/dealer regulations, as well as MSRB and GSA regulations.
• Demonstrated supervisory skills and strong verbal and written communication skills to interact with all levels of bank personnel and clients.
• Ability to cultivate partnerships within and outside the organization to drive results.
• Strong relationship-management and sales skills.
• Ability to work effectively in a collaborative, fast-paced environment.
• Demonstrated initiative, creativity, strong organization, and ability to manage multiple priorities.

Nice To Haves

• Trading expertise across multiple asset classes, including equities, fixed income, foreign exchange, equity options, ETFs, and futures.
• Demonstrated trade-desk management experience and success in a trade-management role.
• Experience and proficiency with order-management systems and trading platforms such as Bloomberg and Trafix.
• FINRA Series 57 license.
• Proficiency with Microsoft Office, including Word, Excel, and PowerPoint.

Responsibilities

• Manage the daily global trading needs of Private Trading Office clients across asset classes and provide best execution.
• Monitor client accounts and identify, investigate, and resolve issues in a timely and efficient manner.
• Maintain knowledge of trading best practices and capabilities across asset classes through internal and external engagement.
• Build strategic partnerships and collaborate across the RBC enterprise to drive business growth, implement bespoke trading solutions, and expand or deepen client relationships.
• Collaborate with external financial institutions, including broker-dealers and fund companies, on client trading needs and potential opportunities or innovative solutions.
• Monitor global macroeconomic, government, and financial-market conditions and provide value-added commentary to clients and strategic partners.
• Assist in developing and implementing investment mandates.
• Engage with clients on KYC/AML and other onboarding matters.
• Maintain relationships with the broker/dealer community through regular telephone contact and business or social meetings.
• Identify product or technology needs and work with vendors or trading partners to fulfill them.
• Ensure compliance protocols and regulatory requirements are followed across trading and client-account activities.
• Maintain required internal training and continuing education for external licenses and certifications.

Benefits

• Medical, dental, and vision coverage available the first of the month following the start date.
• Generous 401(k) company matching contribution.
• Tuition reimbursement and internal upskilling and training resources.
• Vacation, sick, and volunteer time.
• Fertility benefits and cancer, diabetes, and musculoskeletal support programs.
• Career mobility support from a dedicated recruitment team.
• Colleague Resource Groups for networking and community engagement.
• Eligible for bonus and/or commissions.

What This Job Offers

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