Operations Analyst at City National Bank

New York, New York, United States -

Full Time

Start Date

Immediate

Expiry Date

02 Jan, 26

Salary

40.36

Posted On

04 Oct, 25

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Operational Support, Asset Movement, Account Maintenance, Retirement Accounts, Communication Skills, Microsoft Office, Broker Dealer Experience, Financial Industry Knowledge, Problem Solving, Collaboration, Documentation, Transfer Process Management, Corporate Actions Management, Attention to Detail, Client Account Management, Timely Processing

Industry

Banking

Description

OPERATIONS ANALYST WHAT IS THE OPPORTUNITY? Provides operational support to the Portfolio Manager Team and Advisors on all asset movement activities. Review, process, and follow up on all inquiries regarding transfer of assets and account maintenance of electronic transfers & check writing. Assist in questions regarding withdraws, contributions, and RMDs on retirement accounts. Monitor retirement accounts toward the end of the year to insure that their RMD has been satisfied. Collaborate with other departments to resolve complex issues as well as act as the liaison between the Portfolio Manager Team and our clearing firm.Manage all outgoing transfers by notifying the Portfolio Manager Team and Sr. Investment Consultant. Monitor the process of the transfer, handle any potential issues with the transfer by acting as the intermediary between the receiving and delivering broker dealer, and see that the account is properly closed and archived from our database WHAT WILL YOU DO? Review received asset movement requests. Contact the Portfolio Manager Team to raise cash or obtain further information/documentation. Process the requests on Pershing’s system, and follow up to ensure they are processed in a timely manner. Follow up on any pending requests that are awaiting further information or documentation. Review requests from the prior day in our bookkeeping system and upload them to our client account database. Review all outgoing transfers, freeze the accounts to ensure no further trading takes place, notify the PM team and financial advisor that the account will be leaving, monitor the transfer process to ensure that all accounts are moved in a timely manner, and archive the accounts from our client account database once they have fully transferred out. Manage mandatory and voluntary corporate actions by updating our trading system with corporate action details to avoid trading on a called or tendered bond. Coordinate with the research teams to determine how to instruct on voluntary offers. WHAT DO YOU NEED TO SUCCEED? Required Qualifications* H.S. Diploma 3 to 5 years of experience in a broker dealer or investment industry Minimum 3 years of experience in a financial related industry Minimum 4 years of experience in using Microsoft Office applications Additional Qualifications Excellent verbal and written communications skills Bachelor’s Degree preferred FINRA Series 7: General Securities Rep preferred WHAT'S IN IT FOR YOU? Compensation Starting base salary: $26.70 - $40.36 per hour. Exact compensation may vary based on skills, experience, and location. This job is eligible for bonus and/or commissions. 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 including: 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 Get a more detailed look at our Benefits and Perks. ABOUT US Since day one we've always gone further than the competition to help our clients, colleagues and communities flourish. City National Bank was founded in 1954 by entrepreneurs for entrepreneurs and that legacy of integrity, community and unparalleled client relationships continues today. City National is a subsidiary of Royal Bank of Canada, one of North America’s leading diversified financial services companies. To learn more about City National and our dynamic company culture, visit us at About Us. INCLUSION AND EQUAL OPPORTUNITY EMPLOYMENT City National Bank fosters an inclusive environment where all forms of diversity are valued and leveraged to make us a better company and employer. We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sexual orientation, gender identity, national origin, disability, veteran status or other basis protected by law. It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability. *Represents basic qualifications for the position. To be considered for this position, you must at least meet the required qualifications. careers.cnb.com accepts applications on an ongoing basis, until filled. Unless otherwise indicated as fully remote, reporting into a designated City National location is an essential function of the job.

Responsibilities

The Operations Analyst provides operational support to the Portfolio Manager Team and Advisors, focusing on asset movement activities and account maintenance. They manage outgoing transfers, monitor retirement accounts, and collaborate with other departments to resolve complex issues.