Job Description

WEALTH ANALYST I

WHAT IS THE OPPORTUNITY?

The Wealth Analyst is responsible for providing analytical support to the Wealth Advisory Team (WAT). Through research, analysis, and coordination of accurate data and documentation, this person creates in-depth sales proposals, generates investment analysis and financial planning materials and prepares portfolio reviews for Entertainment clients and prospects. The Wealth Analyst will participate in special projects, as assigned by the Wealth Advisors, that may be repetitive or one-time, which support the team, the division, CNB, and clients.

What you will do

• Prepare in-depth sales proposals through the creation of: Detailed fixed income and equity analyses; Current asset allocation overviews; Cash flow and scenario analyses; Comparisons of current investment providers vs. appropriate benchmarks and CNR composites; Illustrations of proposed changes and subsequent added value. Remain up-to-date on current economic and market trends.
• Ensure team specific sales materials are continually updated to reflect current market conditions.
• Partner with Entertainment Banking Teams in business development, on boarding and ongoing servicing.
• Participate in profiling across the full spectrum of the needs of Entertainment Banking Teams and Business Manager Relationships to 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.
• Assume primary responsibility to work with CNR Administrative group on the front-end on-boarding of new investment management and trust accounts.
• Gather client account performance data using various reporting systems; check this data for accuracy.
• Generate properly formatted portfolio reviews to be checked by a Wealth Advisor for accuracy.
• Oversees the creation of new account paperwork ensuring correct client paperwork is compiled based on account type, investment strategy, and fee schedule charged, and well as any special circumstances for the client. May prepares initial drafts of Investment Policy Statements for new clients; reviews with Wealth Advisor.

Must-Have*

• Bachelor's Degree or equivalent
• Minimum 1 year of experience in the financial services industry
• Minimum 3 years of experience with Microsoft Excel and PowerPoint

Skills and Knowledge

• 1 to 3 years of client facing job experience, experience in investments or other financial services industries
• Strong interpersonal, verbal and written communication skills.
• Able to work independently with deadlines, as well as part of a team.
• Good understanding of Microsoft Excel and PowerPoint.
• Good understanding of Salesforce
• Aptitude to learn financial modeling software
• Presentation/proposal generation and organization experience
• 1 to 2 years to complete licensing: Series 7, 66
• Master financial modeling system

Compensation

Starting base salary: $65,296 - $104,304 per year. Exact compensation may vary based on skills, experience, and location. This job is eligible for bonus and/or commissions.

*To be considered for this position you must meet at least these basic qualifications
The preceding job description has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job.

Benefits and Perks

At City National, we strive to be the best at whatever we do, including the benefits and perks we offer our colleagues. Get an inside look at our Benefits and Perks .

ABOUT CITY NATIONAL

City National Bank, a subsidiary of Royal Bank of Canada, is the largest bank headquartered in Los Angeles with $92.03 billion in assets as of April 30, 2024. Founded in 1954, City National provides personalized banking, investment and trust services in select markets including Los Angeles, Orange County, San Diego, the San Francisco Bay Area, New York City, Nashville, Atlanta, Delaware, Las Vegas, Washington D.C. and Miami.* In addition, the company and its investment affiliates manage or administer $96.83 billion in client investment assets. City National is dedicated to strengthening communities, and in 2023 alone, the company made more than $11 million in charitable contributions to nonprofits that support the communities it serves.
*City National Bank does business in Miami and the state of Florida as CN Bank.
For more information about City National, visit cnb.com .

EQUAL OPPORTUNITY EMPLOYER & REASONABLE ACCOMMODATION
City National Bank is an equal opportunity employer committed to promoting and maintaining a diverse, equitable and inclusive working environment where differences are valued and encouraged. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status or any other basis protected by the laws or regulations in the locations where we operate or in our Code of Conduct. READ MORE
If you are a qualified individual with a disability or a disabled veteran, you have the right to request a reasonable accommodation for any part of the employment process. Please contact us via email or leave a message at (213) 673-9139. These contact methods are dedicated to applicants whose disability prevents them from successfully applying online. Only messages left for this purpose will be returned. Responses may take up to two business days.

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