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 maintaining client relationships across a specialized trading desk.

The position manages clients’ daily global trading needs across asset classes, monitors accounts and resolves issues, and maintains trading expertise and knowledge of best practices. It collaborates with colleagues across the RBC enterprise and external financial institutions to grow business, develop bespoke trading solutions, and deepen client relationships. The role also monitors global economic and market conditions to provide commentary, assists with investment mandates, and supports onboarding activities, including KYC/AML.

The Senior Trader maintains broker/dealer relationships, identifies product and technology needs, ensures compliance across trading and client account activities, and completes required training and continuing education.

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 Series 63 or 66 licenses.
• Demonstrated trade desk management experience and acknowledged success in a trade management role.
• Thorough knowledge of regulatory requirements for broker-dealers and RIAs.
• Knowledge of applicable FINRA and SEC broker/dealer regulations, as well as MSRB and GSA regulations.
• Proficiency with order management systems and trading platforms, such as Bloomberg and Trafix.
• Proficiency with Microsoft Office, including Word, Excel, and PowerPoint.
• Demonstrated supervisory skills and strong verbal and written communication skills sufficient to interact with all levels of bank personnel and clients.
• Ability to build 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, ability to think outside the box, strong organizational skills, 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.
• FINRA Series 57 license.

Responsibilities

• Manage daily global trading needs for Private Trading Office clients across asset classes and provide best execution.
• Monitor client accounts, identify and investigate issues, and resolve them promptly and efficiently.
• Maintain knowledge of trading capabilities and best practices across asset classes through internal and external engagement.
• Cultivate strategic partnerships 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 new opportunities or 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 issues.
• Build and maintain broker/dealer relationships through regular telephone contact and business or social meetings.
• Identify product or technology needs and work with vendors or trading partners to address them.
• Ensure compliance protocols and regulatory requirements are followed in trading and client account activities.
• Maintain required training and continuing education for internal programs and external licenses and certifications.

Benefits

• Comprehensive medical, dental, and vision coverage, available the first of the month following 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